The global anti-aging market is expected to witness a CAGR of 4.5% during the forecast period. The increased consumer demand for anti-aging solutions, growing lifestyle standards, and income across the population globally will augment the growth of the anti-aging market. The development of technology and increased investment in R&D activities by the key players to innovate safe and effective skincare solutions will drive the growth of the anti-aging market. The growth potential for anti-aging devices and aesthetic plastic surgery procedures will create opportunities for growth in the anti-aging market.

The COVID-19 outbreak has led to stringent lockdown measures and has provided limited operations, thereby manufacturers globally including those of anti-aging products were having adverse impacts owing to disruption in the supply of raw material and ban on domestic and international trade.

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Hologic Inc.'s Cynosure division has introduced a non-invasive electromagnetic technology called StimSure in Europe and the Middle East. This technology helps strengthen and tone the muscles of the abdomen, buttocks, and thighs by stimulating or contracting the muscles. It results in up to 24,000 muscle contractions in 20-30 minutes for natural-looking results.

Based on treatment, the anti-aging market is segmented into liposuction, anti-adult acne therapy, hair restoration treatment, breast augmentation, chemical peel, anti-pigmentation, and others. The hair restoration segment dominates the market owing to the rising number of hair treatment procedures as there is a prominence of hair fall and baldness among young men and women.

Asia-Pacific is anticipated to be the fastest-growing region in the anti-aging market owing to the mounting number of cosmetic procedures being performed, the growing geriatric population, an increased number of conferences and seminars to create awareness among consumers about anti-aging products in the region.

Some of the major players in the global anti-aging market include The Procter & Gamble Company, Coty Inc., Syneron Medical Ltd., Nu Skin Enterprises Inc., L’Oréal S.A, Allergan plc, The Estée Lauder Companies Inc., Hologic Inc., and Home Skinovations Ltd.

Source VynZ Research