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2019 Industry Insights on Anti-Aging Drugs and Devices Market Size | Key Players: PrivateLabelSk.in, Allergan, Johnson & Johnson Health and Wellness Solutions, Inc.

01-21-2019 06:25 PM CET | Health & Medicine

Press release from: Global Market Insigh, Inc

Anti-Aging Drugs and Devices Market

Anti-Aging Drugs and Devices Market

The Anti-Aging Drugs and Devices Market Size is projected to experience significant growth from 2017 to 2024. Anti-aging drugs and devices market will exhibit a considerable growth owing to the rise in geriatric population and technological advancements leading to the development of better and faster methods of treating aging signs.

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Global population is aging rapidly and population above age 65 accounts for more than 7% of total world population. Increasing concern about looks and appearances among geriatric population should drive the industry growth over the forecast period. High disposable income among baby boomers further increases the affordability of the products.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. PrivateLabelSk.in
2. Allergan
3. Johnson & Johnson Health and Wellness Solutions, Inc
4. Alma Lasers Médica
5. Solta Medical

Technological advancements in the anti-aging drugs and devices has reduced the time and complexity of the treatments. For instance, Exilis EliteTM’s advanced radiofrequency (RF) technology can reduce wrinkles and sagging of skin in just two 45 minutes’ treatment. Moreover, advanced laser treatments allow better results for fat removal. New technologies like illuMask (La Lumiere), a wearable LED light mask with affordable cost will further fuel the product demand.

High cost associated with products and lack of reimbursement may hamper the anti-aging drugs and devices market growth in the coming years. Side effects associated with the products and fake products can further impede the demand. For instance, anti-aging creams containing chemicals like TEA, DEA and MEA may cause kidney and liver cancer if used for prolonged period.

Skin-care related products are predicted to dominate the anti-aging products segment. Botox, a purified form of botulinum toxin A, is used to get rid of wrinkles and tightening of skin without invasions. Treatment of Botox eliminates need of invasion and effect lasts for 2-6 months. The treatment has shown very minute side effects. For instance, in less than 1% cases, side effects like pain at the site of injection, bruising, and headaches may appear.

Anti-aging radiofrequency devices are predicted to account for major industry share and used for skin tightening and wrinkles removal. FDA has sanctioned the use of monopolar radio frequency devices to treat periorbital wrinkles.

Browse Full Report: https://www.gminsights.com/industry-analysis/anti-aging-drugs-and-devices-market

Radiofrequency is used to enhance luminosity of skin, face & neck lifting, removal of dark circles and improve skin tone. Traditionally, the treatment was painful and less effective. However, new technologies have enabled safe and more effective treatment using radio frequency devices.

Microdermabrasion uses exfoliation to remove top dead and uneven skin layer. Lasers are mostly used for smoothing of wrinkles as well as fine lines. FDA has sanctioned use of smooth beam laser used in office treatment for treating acne.

Baby boomers are the major target for anti-aging drugs and devices market players due to their significant share of old-age population coupled with substantial disposable wealth and high consciousness about appearances. Women of millennium generation also use anti-aging devices such as anticellulite treatment products for treating cellulite problems. Women ages 25-34 years have concern for wrinkles, dark spots, and damaged skin occur due to UV rays.

As per American Society of Plastic Surgeons, number of customers looking for Botox injections raised by 700% from 2000. Growing geriatric population and demand for minimum invasive methods offering rapid results will drive the U.S. anti-aging drugs and devices market during the forecast period.

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In 2015, 18.9% of European population were above 65-year age. Increasing geriatric population and the old population consciousness about their looks and appearance and affordability to purchase products will drive the European industry.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://solutionrocket.com

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