Press release
Top Leading Vendors of “Anti-Aging Products and Services Market” by product (Botox, Anti-Wrinkle Products, Anti-Stretch Mark Products) by Services (Anti-Pigmentation Therapy, Anti-Adult Acne Therapy) Scenario 2024
The market is revised for its services, such as anti-pigmentation therapy, adult acne therapy, breast augmentation, liposuction services, chemical peel, hair restoration and others including (eye lid surgery, abdominoplasty, sclerotherapy etc.). Based on devices, the market is studied for anti-cellulite treatment, laser aesthetic devices, microdermabrasion devices, radio frequency devices and others. Likewise, the product segment includes Botox (Botulinum toxin) and dermal fillers, anti-wrinkle products, anti-stretch products and others. Whereas, the hospitals, clinics and home healthcare are considered to be the major end users of the global anti-aging products and services market. The key demographics studied in the anti-aging and products and services market are baby boomers, generation X and generation Y. Lastly, the market is studied for North America, Europe, Asia-Pacific and Rest of the World.
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Major drivers and restraints of the market
The market is driven by surging aging population, growing anti-aging awareness campaigns and innovative progressions. Increasing desire to retain a youthful appearance and maintain good looks amongst the general populace is likewise anticipated that would drive the market size further. Botulinum toxin injection treatments, plastic surgeries, and breast implants have increased considerable measure of popularity over the previous years, as more number of clients are opting for such anti-aging solutions. The global anti-aging products and services market is restrained by stringent regulatory environment and scepticism portrayed by consumers towards the use of anti-aging market’s services and products. Also, high manufacturing and marketing costs, safer products & rapid innovations in cosmetics, easy availability of counterfeit products, and high competition prevailing among vendors for different product categories are several critical challenges, which are hindering the market growth. However, proven advancement in technologies can help create better services and products in future.
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Hair restoration accounts for the largest market share
The market for hair restoration is highest among the services. This segment is anticipated to grow at a lucrative rate attributable to the critical increment in the hair transplantation procedures around the world. The west European countries like Germany, France, and UK are holding major market share while UK is believed to be the fastest growing market for hair transplant in European region.
Radiofrequency devices is projected to be the highest based on various devices
The various devices of the market are anti-cellulite treatment, laser aesthetic devices, microdermabrasion devices, radio frequency devices and others. The radiofrequency devices accounted for the largest share of the anti-aging market in 2017, owing to several advantages offered by these products, such as skin tightening, aesthetic enhancement, cellulite, and body contouring and is expected to dominate the market by 2024. These components are relied upon to accelerate the market development over the gauge period.
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High usage of anti-aging products amongst the generation X
The IVD market by end users is studied for baby boomers, generation x and generation Y. The usage of anti-aging products and services is very high among the generation X owing to the rising popularity among them.
High awareness regarding aging, rise in obesity and sedentary lifestyle are fuelling the growth of anti-aging products in North America.
North America is projected to account for the largest share in 2017, followed by Europe and Asia-Pacific. Growing awareness regarding aging, rise in obesity and sedentary lifestyle are fuelling the growth of anti-aging products in North America. The age group of 30-44 are the largest consumers of the anti-aging products and services in this region, thus driving the demand for professional skincare solutions.
Key companies involved in this market are Allergan plc, Alma Laser, Avon Products Inc, Beiersdorf AG, Coty Inc., Cynosure Inc, Estee Lauder Companies Inc., Johnson & Johnson, Kao Corporation, L’Oréal S.A., Lumenis Ltd, PhotoMedex, Inc., Procter & Gamble Co, Shiseido Company and Valeant Pharmaceuticals International, Inc. among others
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