Anti-aging products and services are becoming highly prevalent owing to the growing number of aging baby boomers, which has fuelled the demand for numerous methods that can curb or reverse the signs of aging. The anti-aging products market in comparison with the anti-aging services market has become more resilient owing to the fact that in times of financial downturn, the customers’ preferences shift to economical, mass-marketed products.
The report is a detailed breakdown of the entire anti-aging market and covers the wide variety of anti-aging products and services employed by the aging demographic. The report also includes a general market outlook and information on market drivers, trends, opportunities, and major selling products, among others. The market has been categorized on the basis of suppliers, product categories, and geographic regions.
Overview of the Anti-aging Market
The anti-aging market has expanded exponentially over the past few years and diverse consumer concerns are being catered to within this market. Along with wrinkles, other signs of aging are also being targeted, such as hyperpigmentation, age spots, dry skin, dark circles under the eye, and uneven skin tone, among others. The continuous demand for beauty products has led to the introduction of new innovative products and services within the anti-aging market.
On the basis of demographics, the global anti-aging market is segmented into generation X, baby boomers, and generation Y.
On the basis of product, the market is segmented into anti-wrinkle products, UV absorbers, anti-stretch marks products, and hair color.
On the basis of services, the market is segmented into adult acne therapy, anti-pigmentation therapy, liposuction services, breast augmentation, chemical peel, abdominoplasty, hair restoration, eyelid surgery, and sclerotherapy.
On the basis of devices, the market is segmented into microderm abrasion devices, anti-cellulite treatment devices, radiofrequency devices, and laser aesthetic devices.
The global anti-aging market is primarily fuelled by the increasing population base all around the world, particularly in countries that have a major share of baby boomers among their population. On the other hand, the anti-aging market is still considered to be a developing market as the consumers are still skeptical about some of the products and services being offered within this market. This factor may impede the growth of the market in the coming years. However, this restraint is being overcome owing to a number of technological advancements. These advancements may slowly reinstate the consumers’ trust in the coming years.
On the basis of geography, the anti-aging market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, North America dominates the anti-aging market owing to increasing awareness about aging signs and the rise in sedentary lifestyles and obesity. On the other hand, the Asia Pacific anti-aging market is also predicted to expand owing to the acceptance of new devices, services, and products in this region. In addition, rising disposable income in this region has also accelerated the anti-aging market.
Key players in the Anti-aging Market
The key players dominant in the market include L’Oreal, SA, Allergan Inc., Cynosure Inc., Solta Medical Inc., Alma Lasers Ltd, Beiersdorf AG, Personal Microderm, Coty Inc., Photomedex Inc., and Lumenis Ltd, among others.
Major geographies analyzed under this research report are:
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