Anti-Aging Market Size, Share, Leaders, Segment Analysis and Forecast Report 2025

The disposable income of people across the world is rising. As per the U.S. Bureau of Labor Statistics, the personal disposable income of the people in the U.S. increased from $11,394 billion in 2006 to $15,929 billion in 2016 and is further predicted to reach $24,174 billion by 2026. Similarly, according to the Organisation for Economic Co-operation and Development, in Germany and Denmark, the house disposable income rose from 1.6% and 1.5% in 2014 to 2.6% and 3.3% in 2016, respectively. Because of this growth in the disposable income, people are able to spend money on aspects such as personal care, which, in turn, has resulted in the rising adoption of anti-aging products and devices.

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Anti-aging refers to the treatment, prevention, reversal of age-related conditions, such as scars, wrinkles, and age spots. Anti-aging products come in the form of gels, moisturizers, creams, serums, facial oils, and cleansers. In 2017, the global anti-aging market generated a value of $165.2 billion and is projected to advance at a 7.9% CAGR in the coming years.

Different anti-aging treatments are chemical peel, breast augmentation, hair restoration treatment, anti-adult acne therapy, liposuction, and anti-pigmentation. Other treatments include photorejuvenation, eyelid surgery, and sclerotherapy. Among these, the demand for hair restoration treatment was the most during 2014-2017 and is further going to be required the most in the near future as well. Various conditions, such as genetic balding and hormonal issues, along with some medical conditions, including lupus, thyroid diseases, and trichotillomania, and radiation treatments and chemotherapy lead to hair loss. Due to technological advancement, now this condition can be cured with several types of hair restoration treatments, namely stem cell and platelet-rich plasma-assisted hair transplant, hair replacement, hair restoration surgery, and laser light therapy.

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Another factor driving the demand for anti-aging devices and products is the expanding medical tourism industry. According to the Shanghai Medical Tourism Products and Promotion Platform, about 60,000 Chinese travel abroad every year for receiving advanced medical services, which range from anti-aging therapy to chronic diseases management. Medical tourism means the traveling of patients from one country to another for medical treatment. Different factors contributing to the growth of this industry are quicker accessibility, high quality of care at lower cost, and advanced technology. Due to these factors, the requirement for products and devices related to anti-aging therapy is rising.

GLOBAL ANTI-AGING MARKET SEGMENTATION
Market Segmentation by Product
o Anti-Wrinkle
o Botox
o Dermal fillers
o Hair Color
o Ultraviolet (UV) Absorbers
o Anti-Stretch Marks
o Others
Market Segmentation by Device
o Radiofrequency
o Laser
o Anti-Cellulite
o Microdermabrasion
o Others

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Market Segmentation by Treatment
o Hair Restoration Treatment
o Anti-Pigmentation
o Anti-Adult Acne Therapy
o Breast Augmentation
o Liposuction
o Chemical Peel
o Others
Market Segmentation by Demography
o Generation X
o Baby Boomer
o Generation Y

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This release was published on openPR.