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Anti-Aging Market in APAC is Expected to Witness Fastest Growth and Share in Near Future
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With the growing aging population and rising appearance consciousness among the aged population, number of cosmetic surgical procedures has been continuously increasing across the world. Aged women are more concerned about their facial appearance and therefore opt for various cosmetic procedures, such as Botox, dermal fillers, chemical peels, and facelift, which in turn lead to rise in the demand of cosmetic procedures. For instance, according to the ISAPS, 8,548,597 injectables procedure, such as Botox, and dermal fillers, were performed in 2016, globally.
Major key players in the global anti-aging market are acquiring other aesthetic based manufacturers to expand their product portfolio for different type of skin conditions. For instance, in September 2018, Syneron Medical Ltd. acquired Ellipse A/S, a Danish medical device company that manufactures and markets laser based and intense pulse light (IPL) platforms for different types of medical and aesthetic skin treatments. This acquisition will help Syneron Medical Ltd. to strengthen its footprints in multi-application space and provide customers a comprehensive product portfolio.
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Some of the other key players operating in the anti-aging market are The Procter and Gamble Company, Nu Skin Enterprises Inc., Lumenis Ltd., Home Skinovations Ltd., Allergan plc, The Estée Lauder Companies Inc., Coty Inc., L’Oréal S.A., Orlane S.A., Age Sciences Inc., and Alma Lasers GMBH.
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