According to the report "Anti-Aging Market", published by Market Data Forecast, the global market is projected to reach USD 331.41 Billion by 2021, at a CAGR of 5.8% from 2016 to 2021.
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The strong need of consumers to look and feel healthy as their age fuels the business potential for both current and future new Skin distributors. The demand for restoring younger looks by repairing aging skin has given the world of beauty a novel way for growth.
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Major growth factors comprise of a general increase in the incidence of conditions and changes experienced by aging consumers. The aging market presents one of the biggest opportunities, mostly due its higher disposable income. Thus, all companies in the cosmetic industry are strategizing to tap the profitable anti-aging market.
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Segmentation:
By Demographics:
• Baby Boomers
• Generation X
• Generation Y
By Products:
• UV Absorbers
• Anti-Wrinkle Products
• Anti-Stretch Marks Products
• Natural Products
• Hair Colour
By Services:
• Anti-Pigmentation Therapy
• Adult Acne Therapy
• Breast Augmentation
• Liposuction Services
• Abdominoplasty
• Chemical Peel
• Eye-Lid Surgery
• Hair Restoration
• Sclerotherapy
By Devices:
• Anti-Cellulite Treatment Devices
• Microderm Abrasion Devices
• Laser Aesthetic Devices
• Radiofrequency Devices
By Geography:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East and Africa
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The key players dominating the anti-aging market include Coty Inc., Personal Microderm, Beiersdorf AG, Photomedex Inc., Lumenis Ltd, Alma Lasers Ltd, Solta Medical Inc., Cynosure Inc., L’Oreal, SA, and Allergan Inc.
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