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Global Anti-aging Market 2019 to Witness Immense Growth and Advancements enrolling CAGR of 7.9% during 2024

06-10-2019 09:20 AM CET | Health & Medicine

Press release from: InForGrowth

According to a new market report published, the global anti-aging market was valued at USD 149362.8 million in 2017 and is projected to expand at a CAGR of 7.9% from 2018 to 2024, by value, reaching around USD 274290.1 million by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the global anti-aging market in 2017.

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Increase in the aging population is driving the global anti-aging market.

Increasing life expectancy and fall in birth rate are the major causes of an aging population. The aging population develops wrinkles due to lack of nutrients in the body, exposure to UV light, smoking, dehydration, medications and other genetic factors fueling the global anti-aging market.

Globally, aging population plays a major role in the growth of the anti-aging market. Old age is associated with loss of fibrous tissue and reduced vascular and glandular network in the layers of skin. In the elderly population, the appearance and characteristics of the skin gets altered, leading to wrinkles, dryness, pigmentary alteration, and sagging of the skin. In addition, anti-aging products and devices help in reducing skin aging, thus giving younger look to a person by revitalizing and tightening the skin leading to the growth of the market

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The key driver for the global anti-aging market is growth in anti-aging awareness campaigns. Major aspect of people’s life is engrossed by social media.
This campaign aims to ensure that all medical professionals are aware of the latest scientific research and the recent medical and surgical advances. For instance, EuroMediCom has organized the 4thAMWC Latin America- Aesthetic & Anti-Aging Medicine World Congress from 16th November to 18th November 2017, in Colombia, South America.

These conference and seminars, along with social media, are expected to create awareness among students, delegates, and plastic surgeons about advanced anti-aging treatments.

The global market for anti-aging is segmented by type of product, by type of device, by treatment, demography, and geography. The type of product is further segmented into Anti-Wrinkle, Hair Color, UV Absorbers, Anti-Stretch Marks and Others. The type of device is further segmented into Radiofrequency, Laser, Anti-Cellulite, and Microdermabrasion.

Treatment segment is bifurcated as Hair Restoration, Anti-Pigmentation, Anti-Adult Acne, Liposuction, Breast Augmentation, Chemical Peel and Others. Demography is segmented (Generation X, Baby Boomer, and Generation Y)

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Geographically, the global anti-aging market is bifurcated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America anti-aging market was the most prominent market because anti-aging industry is one the major revenue contributor within the manufacturing industries. Thus, the demands for anti-aging products, like Anti-Wrinkle, Hair Color, UV Absorbers and Anti-Stretch Marks will generate higher revenue returns over the forecast period.

Major industry players in global anti-aging market are adopting different strategic initiatives such as mergers and acquisitions, partnerships, and collaborations for strategic expansion in the anti-aging market. For instance, In January 2016, L’Oréal unveiled My UV Patch, the first-ever stretchable skin sensor designed to monitor UV exposure and help consumers educate themselves about sun protection.

Major Points Covered in Table of Contents:
Chapter 1. Research Scope and Methodology
Chapter 2. Research Methodology
Chapter 3. Introduction
Chapter 4. Global Anti-Aging Market, by Type of Product
Chapter 5. Global Anti-Aging Market, by Type of Device
Chapter 6. Global Anti-Aging Market, by Treatment
Chapter 7. Global Anti-Aging Market, by Demography
Chapter 8. Global Anti-Aging Market, by Geography
Chapter 9 Competitive Analysis
Chapter 10 Company Profiles
and More

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About InForGrowth:
We are a market-intelligence company formed with the objective of providing clients access to the most relevant and accurate research content for their growth needs. At InForGrowth, we understand Research requirements and help a client in taking informed business critical decisions. Given the complexities and interdependencies of market-intelligence, there is always more than one source to explore and arrive at the right answer. Through our smart search feature and our reliable & trusted publishing partners, we are paving way for a more simplified and relevant research.

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