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Anti-Aging Market Size, Share Trends, Analysis And Forecast 2024-2033
Anti-Aging Market Size
Anti-Aging Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $81.01 billion In 2028 At A CAGR Of 8.2% :
The anti-aging market size has grown strongly in recent years. It will grow from $54.66 billion in 2023 to $59.17 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to increased aging population, growing consumer awareness about anti-aging products, rise in disposable income and consumer spending on beauty and wellness, expansion of the skincare and cosmetics industry, changing demographics.
The anti-aging market size is expected to see strong growth in the next few years. It will grow to $81.01 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to increasing demand for non-invasive solutions, growing popularity of natural and organic products, increasing demand for clinically-advanced solutions, rising disposable income and healthcare expenditure, growing awareness and acceptance of anti-aging products and services. Major trends in the forecast period include advancements in medical and cosmetic technologies, development of nutraceuticals and functional foods, convergence of beauty and wellness trends, rise of digital beauty platforms and virtual consultations.
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Anti-Aging Market Major Segments
The anti-aging market covered in this report is segmented -
1) By Product Type: UV Absorbers, Anti-Wrinkle Products, Dermal Fillers, Botox, Anti-Stretch Mark Products
2) By Treatment: Hair Restoration, Adult Acne Therapy, Breast Augmentation, Liposuction, Chemical Peel, Other Treatments
3) By Demographic: Generation X, Baby Boomers, Generation Y, Generation Z
4) By Application: Anti-Wrinkle Treatment, Anti-Pigmentation, Skin Resurfacing, Other Applications
5) By End-User: Hospitals, Clinics, Home Healthcare
Key Driver - Surging Demand For Cosmetic Products Boosts Anti-Aging Market Growth
The increase in demand for cosmetic products is significantly driving the growth of the anti aging market. Anti-aging cosmetics are a subset of cosmetics that focus on reducing the effects of ageing and wrinkles on the human skin. The use of these cosmetics in treatments or post-treatments enhances the results of anti-aging surgery. For instance, according to Exploding Topics, a US-based internet publishing site, the beauty industry's revenue is expected to exceed $120 billion by 2025. Hence, the growing demand for cosmetic products is expected to propel the growth of the anti aging market going forward.
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Prominent Trend - Technology Advancements Drive Innovation In The Anti-Aging Market
Technology advancements are shaping the anti aging market. Major companies operating in the anti-aging sector are focused on developing new technological solutions to meet consumer demand and strengthen their position. For instance, in March 2021, Laboratoires Pierre Fabre, a France based pharmaceutical and cosmetics company, launched the TRIASORB sun protection product based on its patented technology. TRIASORB is the first organic filter having a special capacity to absorb and reflect damaging sun radiation, such as UVB, short UVA, and long UVA rays, as well as intense visible blue light.
Anti-Aging Market Players
Major companies operating in the anti-aging market report are Allergan plc, L'Oréal SA, Beiersdorf AG, Estee Lauder Companies Inc., Procter & Gamble Company, Shiseido Co. Ltd., Unilever plc, Lumenis Ltd., Home Skinovations Ltd., Nu Skin Enterprises Inc., Koninklijke Philips NV, Alma Lasers Ltd., PhotoMedex Inc., Candela Corporation, Hologic Inc., Pierre Fabre SA, Galderma SA, Abbvie Inc., Bausch & Lomb Incorporated, Merck KGaA, Johnson & Johnson Services Inc., ZO Skin Health Inc., Clarins Group, Revlon Inc., Soko Glam Inc., Avon Products Inc., Lancôme Parfums et Beauté & Cie SA, Clinique Laboratories LLC, Elizabeth Arden Inc., Natura Bissé International S. A.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the anti aging market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anti-aging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Anti-Aging Market Report Structure
3. Anti-Aging Market Trends And Strategies
4. Anti-Aging Market - Macro Economic Scenario
5. Anti-Aging Market Size And Growth
…..
27. Anti-Aging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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