Report Ocean recently released a research report on the Anti-Aging Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global anti-aging market size was US$ 63.9 billion in 2021. The global anti-aging market is forecast to grow to US$ 126.2 billion by 2030, registering a compound annual growth rate (CAGR) of 6.9% during the forecast period from 2022 to 2030.
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Anti-aging refers to procedures and medications that are used to slow down the aging process. Because of the increasing volume of anti-aging cosmetics and the rising elderly population, the global anti-aging industry is growing at a rapid pace.
Factors Influencing the Market Growth
- The key growth drivers for the anti-aging market include rising disposable income, increasing volume of anti-aging cosmetic treatments, and a growing elderly population.
- Rising awareness about aging treatments is increasing the demand for efficient products and treatments. Thus, it will boost the market growth. In addition, the growing number of campaigns, seminars, and conferences are further expanding the awareness about anti-aging treatments. Nu Skin Enterprises, Inc. announced the Jefferies Global Consumer Conference in 2018 in Nantucket, Massachusetts.
- Technological advancements in anti-aging goods, rising customer preference for easy-to-use at-home anti-aging equipment are further bolstering the market growth.
- Growing consumer inclination towards minimally and non-invasive treatments and the growing popularity of e-commerce platforms are all leading the global anti-aging market towards expansion.
- Strict regulatory conditions and the high cost of anti-aging treatments may hamper the growth of the global anti-aging market during the forecast period.
Geographic Analysis
- Geographically, North America holds the largest share in the global anti-aging market, as obesity cases are increasing in the region.
- In addition, increasing consumer awareness about home-care products and the growing elderly population is driving the anti-aging industry in North America to new heights.
- In addition, the highly developed healthcare infrastructure and availability of advanced treatments are further contributing to the growth of the global anti-aging market.
- Because of the growing elderly population, Asia-Pacific is expected to develop rapidly in the global anti-aging market. In addition, rising medical tourism, rising disposable income, and increasing public awareness are all contributing to the region’s anti-aging industry growth.
- Furthermore, increasing healthcare expenditure and growing sales of efficient skincare products on the e-commerce platforms are forecast to contribute to the growth of the Asia-Pacific anti-aging market.
COVID-19 Impact Analysis
The COVID-19 pandemic acted as a significant drawback for the growth of the global anti-aging market. During the pandemic, the demand for anti-aging treatments reduced significantly. The aging population was more prone to get affected by the COVID-19 infection. Thus, elderly people stopped visiting outside to prevent themselves from the risk of infection. As a result, it hampered the growth of the global anti-aging market significantly.
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Competitors in the Market
- 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.
- Home Skinovations Ltd.
- Other prominent players
Market Segmentation
By Product
- Anti-wrinkle Products
- Anti-stretch Mark Products
- Hair Color Products
- Other Products
By Devices
- Radio-frequency Devices
- Anti-cellulite Treatment Devices
- Microdermabrasion Devices
- Other Devices
By Application
- Anti-wrinkle Treatment
- Anti-pigmentation
- Skin Resurfacing
- Other Applications
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
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- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Anti-Aging Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Anti-Aging market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Anti-Aging Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Anti-Aging market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Anti-Aging market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Anti-Aging market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Anti-Aging market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Anti-Aging business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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