Growth at a CAGR of 5.73% in the Anti-Aging Market during the forecast period, 2018-2023| Dominant Vendors – ALLERGAN, LOREAL S.A., BEIERSDORF AG, PHOTOMEDEX INC., JOHNSON & JOHNSON, REVLON INC, SHISEIDO COMPANY LIMITED, ORLANE, OLAY, amongst others

Market Analysis:

Japan one of the established markets for the anti-ageing products
Japan is becoming one of the established market for the anti-ageing products and services because of its modern lifestyles and holds a big market including the US, Europe and Australia. The anti-ageing market in Japan is evolving because of the new product introductions and services being provided.

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The anti-wrinkle products accounts for the largest market share and was estimated to be 43% in 2016 and is expected to increase by 70% by the year 2022. Natural products are expected to witness the highest growth rate because of the side effects of the cosmetics and chemical-based products. There is a huge demand for the different types of anti-aging products and services and a gradual increase is also seen over the past years. There are also other factors which are responsible for driving the market which includes increasing aging population worldwide, increasing number of medical tourism for cosmetic procedures, increasing aging population, rising consumer demand for anti-aging products and the strict regulations have led to the introduction of safe and efficient anti-aging products and services in this market.

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Market Segments
Anti-Aging Market is segmented by:
1. RODUCT TYPE: ANTI-WRINKLE PRODUCT, ANTI-STRETCH MARK PRODUCT, HAIR COLOR, UV ABSORBER, NATURAL PRODUCT
2. SERVICE: ACNE TREATMENT, ANTI-PIGMENTATION, LIPOSUCTION SERVICE, ABDOMINOPLASTY, CHEMICAL PEEL, EYELID SURGERY, SCLEROTHERAPY, HAIR RESTORATION
3. DEVICE: RADIO-FREQUENCY DEVICES, LASER THERAPY, ANTI-CELLULITE TREATMENT DEVICE, MICRODERMABRASION DEVICE
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
• January 2018: USANA has announced a launch of a new skincare line in 2018 Celavive which is going to revolutionize the market and has the unique ability to reduce the appearance of wrinkles, improve the tone and texture of the skin.
• January 2018: Vernell has recently launched its new anti-aging gel for men which promises excellent skin revitalization and firmness.

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