Market Analysis: Global Anti-Aging Services Market
Global anti-aging services market is expected to rise to an estimated value of USD 37.45 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. Increasing consumer income and improving lifestyle of the people are the major factor for the growth of this market.
Market Definition: Global Anti-Aging Services Market
Anti-aging products are those products and services which are used to stop or slow down the aging process. Today a person uses many services and technologies so that they can keep their skin healthy and look young. These product and services usually decreases wrinkles, make skin hydrated and brightens the skin. Microdermabrasion, liposuction, sclerotherapy, botox, dermal filler etc. are some of the common type of the anti- aging services. Increasing self-consciousness among population is fueling the growth of this market.
Market Drivers
Rising demand for anti- aging solutions will drive the market growth
Technological advancement and development in beauty industry will also act as a driver for this market
Increasing beauty awareness among population will propel the growth of this market
Rising disposable income will also act as driver for this market
Increasing aging population will drive the market growth
Market Restraints
Strict government regulation related to environment will also restraint the growth of this market
Availability of substitute in the market will hamper the market growth
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Segmentation: Global Anti-Aging Services Market
By Type
Microdermabrasion
Breast Augmentation
Liposuction
Chemical Peel
Sclerotherapy
Intense Pulsed Light
Botox
Dermal Fillers
Others
By Demographics Outlook
Baby Boomers
Generation X
Generation Y
By Product
Anti-Wrinkle Product
Anti-Stretch Mark Product
Hair Color
UV Absorber
Natural Products
By Device
Radio- Frequency Devices
Laser Therapy
Anti- Cellulite Treatment Device
Microdermabrasion Device
By Geography
North America
U.S.
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia Pacific
Middle East & Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East & Africa
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Key Developments in the Market:
In December 2018, Dandelion Sun announced the launch of their new 4 in 1 face moisturizer: be free which is specially designed to reduce wrinkles, will hydrate and brighten uneven skin tones. This new product will contain Vitamin C&E, avocado leaf and Japanese green leaf extracts. They don’t contain any sulfates, phthalates and parabens.
In May 2018, Dr. BK Modi announced the launch of their Smart Metabolic Anti- Aging Center which is India’s first anti- aging centre. This is specially designed one- stop solutions to all lifestyle diseases like diabetes and fat loss and will give result in 2 weeks. The treatment will be provided through state- of- the- art treatments like plant based nutraceuticals, non- invasive and recreate medicine techniques.
Competitive Analysis:
Global anti-aging services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of anti-aging services market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global anti-aging services market are L’Oréal, ALLERGAN, Procter & Gamble, Unilever, Estée Lauder Inc., Beiersdorf, Shiseido Co,Ltd., Solta Medical, Lumenis, Elizabeth Arden, Inc., Johnson & Johnson Services, Inc., pmdbeauty.com & Age Sciences Inc., Coty Inc., Alma Lasers.