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Global Anti-Aging Market Size, Share, Trends, Demand, and Growth Forecast by 2027
The report published by VynZ Research envisages the Global Anti-Aging Market to hit USD 90.2 billion by 2027, registering a CAGR of 7.2% during 2021-2027.As the scale of anti-aging cosmetic procedures intensifies and the geriatric population grows, the global anti-aging industry is increasing at a substantial pace. Different products added to the anti-aging market size, such as hair dye, anti-stretch lines, anti-wrinkle, and ultraviolet absorbers. Owing to the growing number of botox and dermal filter processes and the alertness of botox care to enhance skin attractiveness, the industry has experienced strong demand for anti-wrinkle in the coming years.
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COVID-19 Analysis:
The Covid-19 outbreak is wreaking havoc on society and the global economy, disrupting the supply chain. The COVID-19 situation is causing uncertainty in the stock market, a major slowdown in supply chains, a drop in corporate confidence, and an increase in panic among customer segments. The report examines and analyses the impact of COVID-19 crisis on the Global Anti-Aging Market, providing in-depth analysis and expert recommendations on how to deal with the post COVID-19 period.
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Market Segmentation
By Product
Hair Color
Anti-Stretch Marks
Anti-Wrinkle
Ultraviolet Absorbers
Others
By Device
Laser
Microdermabrasion
Radiofrequency
Anti-Cellulite
Others
By Treatment
Liposuction
Anti-Adult Acne Therapy
Hair Restoration Treatment
Breast Augmentation
Chemical Peel
Anti-Pigmentation
Others
By Demography
Baby Boomer
Generation Y
Generation X
By product, anti-wrinkle segment accounted the largest share in the market due to increasing number of botox and dermal filter procedures, and alertness of botox treatment to improve skin appearance.
By device, the market is subdivided into laser, microdermabrasion, radiofrequency, anti-cellulite, and others. The anti-cellulite accounts for largest share in the anti-aging market.
By treatment, the market is subdivided into liposuction, anti-adult acne therapy, hair restoration treatment, breast augmentation, chemical peel, anti-pigmentation, and others. The hair restoration treatment accounted the largest share in the anti-aging market.
By demographic, the generation X segment accounted the largest share in the anti-aging market, as this generation is more conscious about the aesthetic appearance.
The key growth factors for the anti-aging industry are rising disposable income, intensifying the number of anti-aging cosmetic treatments, expanding the geriatric population, increased exposure to ageing symptoms, and the increased need for skin care products. Escalating number of campaigns, seminars, and conferences are also facilitating the growth of the market.
The growth of the anti-aging market is also facilitated by technological advancement in anti-aging products, increasing consumer inclination towards easy use of at-home anti-aging devices, increasing awareness of minimal and non-invasive treatment, increasing medical tourism, and increasing use of the e-commerce platform.
Recent Development:
In March 2020, Stellar M22, the next version of the multi-application skincare platform, has been launched by Lumenis Ltd.
In January 2020, NEW Total Colour, a high-performance, vegan, and clean permanent hair colour that provides almost full coverage of grey hair, was introduced by Revlon Inc.
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Competitive Insights:
The key players in Anti-Aging market:
The Procter & Gamble Company
Coty Inc.
Syneron Medical Ltd.
Nu Skin Enterprises Inc.
L'Oréal S.A
Allergan plc
Hologic Inc
The Estée Lauder Companies Inc.
Hologic Inc
Home Skinovations Ltd.
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About VynZ Research
VynZ Research is a market research firm offering research, analytics, and consulting services on business strategies. The company focuses on providing valuable insights on various technology verticals such as Chemicals, Automotive, Transportation, Energy, Consumer Durables, Healthcare, ICT and other emerging technologies. VynZ Research assists enterprises to take strategic decisions for helping their businesses to grow. The reports developed by VynZ are based on market facts that include comprehensive analysis and quantification of market drivers, industry dynamics, opportunities, challenges, threats, market shares and anticipated new trends & technologies arising across a wide range of industries.
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