Rising geriatric population across the world, rising consumer demand for anti-ageing products and an increasing number of medical tourism for cosmetic procedures are key factors steering the anti-ageing market growth. Furthermore, these factors have resulted in the emergence of efficient and safe anti-ageing services and products in the market. With an increasing beauty consciousness amongst people, there lies immense potential in this market for aesthetic plastic surgeries and anti-ageing devices.
As per the American Society for Aesthetic Plastic Surgery (ASAPS), American citizens spent over USD 8 billion on cosmetic surgeries in 2015. Approximately 28,000 cosmetic surgeries were undertaken in the United Kingdom in 2018. However, parameters like strict governmental regulations shall hamper the augmentation of the market.
A variety of anti-ageing products are available in the market based on different consumer needs. Anti-wrinkle products currently subjugate the market, holding the majority of the total anti-ageing market share and it is projected to witness substantial growth by 2026.
The natural products are predicted to experience the highest rate of proliferation owing to the side effects related to chemical-based products and cosmetics. The insistence for various types of anti-ageing services and products has been increasing for the past five years. Based on the device type, the radiofrequency is predicted to dominate the global market over the forecast timeframe. Factors like the rising geriatric population and increasing incidences of skin photo ageing are the primary steering forces of the global market.
Rising concerns pertaining to signs of ageing and soaring prevalence of sedentary lifestyle are projected to set the momentum of growth for the North American market due to which this region may lead the market, share-wise. The U.S held the largest anti-ageing market share, which is followed by Germany, Italy, China, Brazil, France, Japan, and South Korea, and this is owing to the high awareness of the consumers pertaining to anti-ageing products.
Japan is slowly establishing its market position for the anti-ageing services and products, owing to the modern lifestyle choices of Japanese people. Countries like the United States and regions, like Australia and Europe are also some growing markets across the world. The Japanese market region is evolving owing to the introduction of new services and products.
Key market players included in the global anti-ageing industry are L’Oreal, Allergan, Procter & Gamble, Unilever, Estee lauder, Beiersdorf, Shiseido.
L’Oreal Paris’s Age Perfect line up consists of various products like day and night moisturizers, face cleanser, eye cream, face mask. Such a wide range of anti-ageing products shall aid the company to establish its position in the global market.
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Global Anti-Ageing Market Segmentation:
By Product Type
• Anti-Wrinkle Product
• Anti-Stretch Market
• Hair Colour
• UV Absorber
• Natural Product
By Service
• Acne Treatment
• Anti-Pigmentation
• Liposuction Service
• Abdominoplasty
• Chemical Peels
• Eyelid Surgery
• Sclerotherapy
• Hair Restoration
By Device
• Radio-Frequency Device
• Laser Therapy
• Anti-Cellulite Treatment Device
• Microdermabrasion Device
By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
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FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global anti-ageing market by product type, by service, by device and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, industry-specific restraints and opportunities)
• To forecast and evaluate micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Middle East & Africa and South America
• To record, evaluate and analyse competitive landscape mapping- technological advancements, product launches, expansions and mergers
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