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What's driving the Anti-Aging Market Trends? | Key Players are Procter & Gamble, Nu Skin, Lumenis, Home Skinovations LTD, Allergan, The Estée Lauder Companies Inc., Coty, L'Oréal
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In terms of the type of device, the anti-aging market is classified into radiofrequency devices, laser devices, anti-cellulite devices, and microdermabrasion devices. Radiofrequency (RF) devices are expected to be the largest segment in the global market in 2025. Many advantages of RF devices, which include skin tightening, aesthetic enhancement, cellulite, and body contouring are driving the growth of the market.
In terms of treatment, the anti-aging market is segmented into hair restoration, anti-pigmentation, anti-adult acne, liposuction, breast augmentation, chemical peel, and others. Hair restoration is expected to be the largest segment in the global market in 2025. One of the major factors driving the growth of the hair restoration market is significant increase in the number of hair transplantation procedures.
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The European anti-aging industry is set to cross $85.7 billion by 2025, growing at a CAGR of 7.8% between 2017-2025. The anti-aging industry in Europe is witnessing a significant growth mainly due to increase in product approvals, rise in volume of surgical and non-surgical aesthetic procedures, and increase in aging population. In 2016, Germany held the largest share of the European anti-aging market, standing at 25.2%. Increase in the volume of surgical and non-surgical cosmetic procedures in Germany due to its increasing awareness is driving the growth of the market.
The major players in the anti-aging market are launching new products to improve their position in the market. For instance, in November 2016, Cynosure, Inc. received the clearance of its next-gen platform technology, Icon Aesthetic system from China Food and Drug Administration(CFDA). This technology platform is going to provide various treatments including facial vessel and pigment clearance, wrinkle reduction, scar and stretch mark treatment through a single system.
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Some of the key players in the anti-aging market are:
1- Procter & Gamble
2- Nu Skin
3- Lumenis
4- Home Skinovations LTD
5- Allergan
6- The Estée Lauder Companies Inc.
7- Coty
8- L'Oréal
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P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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