“Anti-aging” is termed as the technique designed to prevent the appearance of getting older. The impact of the global health and wellness trend has gained further momentum in 2016, with leading brands incorporating concepts of healthy aging in their products and services.
Aging is about a cycle of various biochemical processes in the body that affect it both - internally and externally. These biochemical processes causes the body to degenerate over a period of time, impacting the health, fitness, and beauty of an aging individual.
The anti-aging products and services are becoming more prominent. The aging Baby Boomers are regarded as the most successful generation born with respect to the demand for various methods that can prevent slow signs of aging. Estimates indicate that over the next 18 years, individuals from this generation will attain the age of 65 at the rate of 8,000 per day.
While anti-aging products have gained wide acceptance as they can often be purchased off the shelf or with a prescription and are relatively affordable. However, this is not the case with anti-aging services and devices.
Global anti-aging market size is currently in a highly growing or in a developmental stage; and as such, led by experimental studies and customer reception. One of the market restraints is the skepticism portrayed by consumers toward the global anti-aging market’s services and products. One of the factors that could resolve this is the proven advancement in technologies that help create better services and products.
Soaring size of the aging population continues to prompt the demand for anti-aging products. Rising number of individuals yearning for greater appearance is also expected to drive the market size further. Botulinum toxin injection therapies, plastic surgeries, and breast implants have gained a significant amount of popularity over the years as more number of consumers are opting for such anti-aging solutions.
Increasing aging population worldwide is a major driving factor for anti-aging market. Strict regulations have led to introduction of safe and efficient anti-aging products and services in the market and are expected to drive the anti-aging market in future.
Anti-aging market size by Demographics: Baby Boomers, Generation X, and Generation Y
Anti-aging market size on the basis of Products: UV Absorbers, Anti-Wrinkle Products, Anti-Stretch Products, Anti-Stretch Marks Products, and Hair Color
Anti-aging market size on the basis of Services: Anti-Pigmentation Therapy, Adult Acne Therapy, Breast Augmentation, Liposuction Services, Abdominoplasty, Chemical Peel, Eye-Lid Surgery, Hair Restoration, Sclerotherapy
Anti-aging market size on the basis of Devices: Anti-Cellulite Treatment Devices, Microderm Abrasion Devices, Laser Aesthetic Devices, Radiofrequency Devices
Anti-aging market size on the basis of Geographical Region: North America, Europe, Asia-Pacific, and Rest of the world
North America is the leading geography for anti-aging market due to high awareness about aging signs, rise in obesity, and sedentary lifestyle. Anti-aging services and products market is observed to be more matured than devices but demand for devices for personal use is increasing in this geography.
Asia Pacific is expected to grow as the launching and using of new product, service or device has been increased over years due to awareness among population of Asia Pacific and their growing economies have also added up to their increase in the disposable income capacities.
The Key Players include Photomedex Inc, Lumenis Ltd, Personal Microderm Coty Inc, Beiersdorf AG, Solta Medical Inc, Alma Lasers Ltd, Cynosure Inc, L’Oreal SA, and Allergan Inc.
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