Report Details-
Global Antiaging Products and Services Market, By Product (UV Absorbers, Anti-Wrinkle, Anti-Stretch, Natural, Hair Color, Intense Pulsed Light (IPL), Oils and Serums, Microdermabrasion, Shampoo and Conditioner, Others), Active Ingredients (Alpha Hydroxy Acids, Epidermal Growth Factors, Argirelline, Retinol, Peptides, Co-enzyme Q10, Sun Protection Factor (SPF), Vitamin C, Anti-Oxidants), Therapies and Services (Eye-Lid Surgery, Abdominoplasty, Hormone Replacement Therapy, Breast Augmentation, Liposuction, Sclerotherapy, Injectable Skin, Anti-Pigmentation Therapy, Hair Restoration Services, Chemical Peels), Demography (Baby Boomer, Generation X, Generation Y), End User (Hospitals, Clinics, Home Health Care) – Industry Trends and Forecast to 2029.
Global Antiaging Products and Services Market Analysis and Size
Aging is a rising concern among the millennials. In today’s world, everyone wants to look good and attractive when at a public place or around people in general. This boosts a sense of confidence into them. Antiaging products and services were primarily used in the western economies. But with the rising globalization, the products and services have reached other territories.
Data Bridge Market Research analyses that the antiaging products and services market is expected to undergo a CAGR of 5.32% during the forecast period. This indicates that the market value, which was USD 23.33 billion in 2021, would rocket up to USD 41.23 billion by 2029. “Anti-Wrinkle and Anti-Stretch” dominate the product segment of the antiaging products and services market owing to rising geriatric population base all around the globe and growing rate of pregnancy. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Antiaging Products and Services Market Definition
From the name itself, it is clear that antiaging products and services are applied or used with an aim to control and hide the signs of aging. These are the skincare products and services that are used to hide the wrinkles over the skin and make the consumer look young and vibrant. Some examples of antiaging products and services are aesthetic treatments, face masks and others.
REPORT METRIC
DETAILS
Forecast Period
2022 to 2029
Base Year
2021
Historic Years
2020 (Customizable to 2019 - 2014)
Quantitative Units
Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered
Product (UV Absorbers, Anti-Wrinkle, Anti-Stretch, Natural, Hair Color, Intense Pulsed Light (IPL), Oils and Serums, Microdermabrasion, Shampoo and Conditioner, Others), Active Ingredients (Alpha Hydroxy Acids, Epidermal Growth Factors, Argirelline, Retinol, Peptides, Co-enzyme Q10, Sun Protection Factor (SPF), Vitamin C, Anti-Oxidants), Therapies and Services (Eye-Lid Surgery, Abdominoplasty, Hormone Replacement Therapy, Breast Augmentation, Liposuction, Sclerotherapy, Injectable Skin, Anti-Pigmentation Therapy, Hair Restoration Services, Chemical Peels), Demography (Baby Boomer, Generation X, Generation Y), End User (Hospitals, Clinics, Home Health Care)
Countries Covered
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Antiaging Products and Services Market Dynamics
Drivers
Rising number of stretch marks
Surging prevalence of stretch marks on the bodies is one of the major factors fostering the growth of the market. Stretch marks in women due to pregnancy and in men due to obesity is carving the way for the growth of the market.
Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the development of organic products is also bolstering the market growth rate.
Restraints/Challenges Global Antiaging Products and Services Market
On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities and dearth of awareness in the backward economies are expected to obstruct market growth. Also, lack of favourable reimbursement scenario and technology penetration in the developing economies, high costs associated with aesthetic treatment services and certain high grade and high quality products, side effects associated with the products on the skin, large scale availability of counterfeit products and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.
COVID-19 Impact on Antiaging Products and Services Market
COVID-19 has slightly impacted the market. This is because of the significant drop in the aesthetic treatment surgeries. The measures and healthcare resources were solely utilized towards the demands arising out of the pandemic. Also, disruptions in the manufacturing and supply chain resulted in non-availability of antiaging products to the consumers. However, this pandemic resulted in booming the online and e-commerce sales which was a ray of hope for the market. With the rising relaxations, the market is bound the rise significantly.
Recent Developments
In August 2020, Merck KGaA entered into strategic cooperation with the Chinese cosmetics company Pechoin Group to develop herbal technology and planned to launch a new product line – Pechoin Zhenyan anti-wrinkle repair series.
In July 2020, Lancer Skincare launched the Pro Polish microdermabrasion device which aims to serve the consumers and meeting their expectations.
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Antiaging Products and Services Market Regional Analysis/Insights
The antiaging products and services market is analysed and market size insights and trends are provided by country, product, active ingredients, therapies and services, demography and end user as referenced above.
The countries covered in the antiaging products and services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the antiaging products and services market because of the strong base of healthcare facilities, rise in the population of people using anti-aging products in this region and rising number of research activities in this region.
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Major TOC of the Report
· INTRODUCTION
· MARKET SEGMENTATION
· MARKET OVERVIEW
· EXECUTIVE SUMMARY
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