According to a new market report published by BlueWeave Consulting The Global Anti-Aging Market was valued at USD 149362.8 million in 2017 and is projected to expand at a CAGR of 7.9% from 2018 to 2024, by value, reaching around USD 274290.1 million by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the global anti-aging market in 2017.
Global anti-aging market Research Report Contains Historic Data, 2019-2025, And Forecast Till 2025. That Makes This Report So Valuable, Resources, For the Leaders As Well As the New Entrants In The Industry.
Major industry players in global anti-aging market are adopting different strategic initiatives such as mergers and acquisitions, partnerships, and collaborations for strategic expansion in the anti-aging market. For instance, In January 2016, L’Oréal unveiled My UV Patch, the first-ever stretchable skin sensor designed to monitor UV exposure and help consumers educate themselves about sun protection.
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Increase in the aging population is driving the global anti-aging market
Increasing life expectancy and fall in birth rate are the major causes of an aging population. The aging population develops wrinkles due to lack of nutrients in the body, exposure to UV light, smoking, dehydration, medications and other genetic factors fueling the global anti-aging market.
Globally, aging population plays a major role in the growth of the anti-aging market. Old age is associated with loss of fibrous tissue and reduced vascular and glandular network in the layers of skin. In the elderly population, the appearance and characteristics of the skin gets altered, leading to wrinkles, dryness, pigmentary alteration, and sagging of the skin. In addition, anti-aging products and devices help in reducing skin aging, thus giving younger look to a person by revitalizing and tightening the skin leading to the growth of the market
Global Anti-aging Market: Scope of the Report
The global market for anti-aging is segmented by type of product, by type of device, by treatment, demography, and geography. The type of product is further segmented into Anti-Wrinkle, Hair Color, UV Absorbers, Anti-Stretch Marks and Others. The type of device is further segmented into Radiofrequency, Laser, Anti-Cellulite, and Microdermabrasion. Treatment segment is bifurcated as Hair Restoration, Anti-Pigmentation, Anti-Adult Acne, Liposuction, Breast Augmentation, Chemical Peel and Others. Demography is segmented (Generation X, Baby Boomer, and Generation Y)
Geographically, the global anti-aging market is bifurcated into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. North America anti-aging market was the most prominent market because anti-aging industry is one the major revenue contributor within the manufacturing industries. Thus, the demands for anti-aging products, like Anti-Wrinkle, Hair Color, UV Absorbers and Anti-Stretch Marks will generate higher revenue returns over the forecast period.
Market Segmentation: Global Anti-aging Market
Type of Product
- Hair Color
- UV Absorbers
- Anti-Stretch Marks
Type of Device
- Hair Restoration
- Anti-Adult Acne
- Breast Augmentation
- Chemical Peel
- Generation X
- Baby Boomer
- Generation Y
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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