The Global Anti-Aging Products, Services, and Devices Industry is expected to grow at a compound annual growth rate (CAGR) of 5.5% between 2023 and 2033, reaching an estimated value of US$ 109.8 billion by 2033, according to a new report by Future Market Insights (FMI).
The rising demand for looking young is the primary driver of the anti-aging products, services, and devices market growth. People nowadays are more focused on their physical appearance than ever before. There is a growing trend of people wanting to look younger and more attractive. This is driving the demand for anti-aging products, services, and devices.
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Growing prevalence of skin disorders such as atopic dermatitis, melanoma and non-melanoma skin cancer will improve the adoption of anti-ageing treatment.
With rising awareness regarding skin care routine and growing urgency to have younger looking skin have amplified the sales of products rich with retinols, moisturizer and dermal fillers reducing wrinkle lines among women.
Another key factor responsible for growing revenues in the anti-ageing market is promotion and advertisements featuring celebrities to endorse the products and treatments.
As such, key players are adopting different strategies to boost their revenue generation, fueling the market growth.
Key Takeaways from FMI’s Anti-Ageing Products, Services and Devices Market Study
- In terms of application, anti-wrinkle treatment is anticipated to be the largest segment in terms of revenue
- Anti-cellulite treatment will witness robust growth owing to the increasing number of people undergoing this procedure across the U.S. and the UK
- The U.S. is anticipated to register high demand, leading the North America market over the forecast period
- The UK and France will witness steady growth owing to the increasing ageing population and rising prevalence of skin disorders in the region
- Driven by increasing demand of anti-ageing products among ageing population, Germany recorded notable growth, accounting for 15% of global market share
- India is anticipated to emerge as a lucrative market backed by the high demand of cellulite treatment and chemical peels in the country
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- Anti-Pigmentation Therapy
- Anti-Cellulite Treatment
- Anti-Wrinkle Treatment
- Acne Management
- Scar Treatment
- Others
By Product Type:
- Creams
- Moisturizers
- Retinols
- Dermal Fillers
- Botulinum Toxin
- Chemical Peels
- Cellulite Treatment
- Non-Surgical Fat Reduction
- Others
By Distribution Channel:
- Dermatology Clinics
- Hospitals, Pharmacies, Drugstores
- Rejuvenation Centers
- Others
Competitive Landscape
Prominent players in the market are focusing on strategic mergers and collaboration to expand their global footprint in the market.
New product launches coupled with increasing research & development activities for the development of advanced anti-ageing products & devices will also be one of the key strategy to enhance their customer base for market players.
For instance, in December 2020, Devonian Health Group, a global clinical stage botanical pharmaceutical corporation, announced the launch of R-Spinasome anti-ageing technology global sales and marketing partnerships.
Also, in January 2021, Aptar Beauty, announced the development of its first airless roll-on capsule for LightinDerm Skincare Device.
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About FMI:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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