Anti-aging Market Size US$ 119.6 Billion By 2030

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12 Sep 2024

Table of Content

The global anti-aging market size is expected to hit US$ 119.6 billion by 2030 from US$ 64.99 billion in 2022, growing at a CAGR of 7.9% during the forecast period from 2022 to 2030. 

In order to restore youthful appearances, various healthcare specialists and cosmetologists have been discovering answers to age-related problems. There is constant research and development in the products. Being introduced for the anti-aging market. The goal is to restore the youthful appearance of the people. Technological improvements are made in order to use botulinum toxic A injection therapies, plastic surgeries, and anti-aging treatments. Various laws and regulations are in place for the manufacturers to introduce safe and more effective treatments which have good effects on the consumers, thereby expanding the market growth.

Regional snapshot.

In terms of region, the largest segment for the anti-aging market is the Asia Pacific market. It is one of the most appealing destinations for cosmetic surgeries where the governments are supporting medical tourism and these chemical procedures. These factors happen to be good drivers in the anti-aging market in the Asia Pacific region. The North American region is also the fastest-growing region for this market. It has a well-established infrastructure and the presence of key market players.

Report Scope of Anti-aging Market

Report Highlights

• On the basis of the product segment, the antiwrinkle segment is expected to have good growth during the forecast. This is an opportunistic segment that will grow during the forecast as there is an increased awareness of the impact of the anti-wrinkle products. These products have also gained momentum in the youth in order to maintain their skin.
• On the basis of the services provided by the anti-aging market, the Lipo suction procedure segment has an increased market position. Various technological advancements and awareness regarding the methods of liposuction have increased the growth of this market. Apart from that, Botox is also expected to show the fastest market growth in the coming years.
• On the basis of the devices used, the Radiofrequency Devices segment is expected to have a good market growth for the anti aging market. Due to the adoption of various technologies for treating Cellulite, aesthetic enhancement, and skin tightening or body shaping, the segment is expected to grow.

Market Dynamics

Drivers

There's a shift in the consumers preferences for the anti-aging products. The increased availability of at home anti aging equipments for skin rejuvenation, wrinkle reduction, and Cellulite reduction have led to an increase in the growth of the market. These products, which are available for use at home, are scientifically advanced, and they're portable. There's a global rise for the anti-aging solutions, which can be used at home in order to retain the young appearance of the elderly.

The anti-aging market is propelled by the aging population as well as the young population who are trying to take care of their skin at the mid age. In order to delay the aging process, the middle aged population is taking care of the body hair and the skin. A busy lifestyle and significant environmental changes have affected the youthful appearance of the young population, so this has increased the problems and it necessitates the use of anti-aging products.

Restraints

There are various processes and treatments for anti-aging. The doctors and the health care providers.  are very well versed with these surgeries or the anti-aging products. The skin restoration adult acne treatment, anti-pigmentation, liposuction, and chemical peels are all quite expensive. They use microdermabrasion, laser aesthetic devices and radiofrequency devices, which happen to be costly. These are all premium products. As a result, the anti-aging treatments become costly and hamper the growth of the global anti-aging market.

Opportunities

Due to the increased geriatric population across the globe. People are becoming more concerned about their appearance. They have many skin problems. Increased wrinkles in the geriatric population are one of the reasons for the growth in this market. Doctors recommend anti-aging creams and lotions in order to restore the facial skin. This creates a huge demand for the products globally. Continuous R&D in this field has led to many technological advancements and many market players in the developing nations are also helping in the growth of the market. There's a growing popularity of the anti-aging treatments amongst the seniors. So all of these factors are creating lucrative opportunities for the growth of the global anti-aging market during the forecast.

Challenges

Many customers refrain from going under the knife or using any anti-aging products that have consequences in the future. Many customers are aware of the organic and natural skin care products, so natural skin care products are gaining popularity. As compared to the chemical-based anti-regular anti-aging treatments. Many negative consequences of chemical treatments have been revealed by the constant use of such products. They happen to close cause irritation or allergies in people who have sensitive skin. The anti-aging product manufacturers induce a high dose of chemicals which may risk the skin. The potential threats of these anti-aging products and the awareness regarding the same are the biggest challenge in the growth of the anti-aging products market.

Recent Developments

• Lancer Skin Care launched the Pro Polish microdermabrasion device in July 2020.
• In 2020, Merck KGaA and chinese cosmetics company entered into a strategic cooperation in order to launch a new product line with the help of herbal technology.

Market Key Players:

• Unilever Group
• GALDERMA LABORATORIES L.P.
• Procter & Gamble (P&G) Company
• Nu Skin Enterprises Inc.
• Hologic Inc.
• Pierre Fabre S.A.
• Shiseido Company Limited
• Candela Corporation
• Home Skinovations Ltd.
• Estee Lauder

Market Segmentation

By Products

• Anti-wrinkle
• Hair Color
• Ultraviolet absorption
• Anti-stretch Mark

By Treatment

• Hair restoration
• Anti-pigmentation
• Adult acne treatment
• Breast augmentation
• Liposuction
• Chemical peel

By Demography

• Generation X
• Baby Boomers
• Generation Y
• Generation Z

By Devices

• Anti-cellulite treatment
• Laser aesthetic devices
• Microdermabrasion devices
• Radio frequency devices
• Others 

By End User

• Hospitals
• Clinics
• Home healthcare

Regional Segmentation

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

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