NEW YORK, Oct 19, 2021 / PRNewswire / – Zion Market Research just released a new report titled Antiaging Market by Age Region (Baby Boomers, Generation X and Generation Y), Product (Botox, Anti Wrinkle Products, Anti Stretch Mark Products, Others ), By Services (Anti-Pigmentation Therapy, Adult Anti-Acne Therapy, and Breast Augmentation), By Device (Microdermabrasion, Laser Aesthetics, Anti-Cellulite Treatment, and Anti-Aging Radiofrequency Devices): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028 “
According to the report, it accounted for the global antiaging market $ 111.6 billion in 2020 and is expected to be achieved $ 162.9 billion by 2028, with a CAGR of 4.3% from 2021 to 2028.
Skin aging is a complex biological process that is influenced by a combination of endogenous / intrinsic and exogenous / extrinsic factors. It is caused by factors such as age, exposure to ultraviolet rays (UV), pollution, lifestyle-related factors (smoking, impaired sleep, diet and nutrition, harsh soaps, stress, and depression), repeated facial expressions, among others. The main visible signs of aging are fine lines and wrinkles. Anti-aging cosmetics can be divided into three groups according to their functions, namely moisturizing, antioxidant and biologically active. Antiaging treatments encompass numerous approaches including cosmetic treatments (daily skin care, sunscreen and aesthetic non-invasive procedures), topical agents (antioxidants, cell regulators) and invasive procedures (chemical peels, visible light devices, intense pulsed light, radio frequency, injectable bio-stimulation and rejuvenation of the skin).
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The main players in the industry are focused on product launch and innovation in packaging design amid regulatory changes in the use of products. These industry giants are pursuing myriad strategies for growing their business, such as heavy R&D investment, mergers and acquisitions, product innovation, and geographic expansion. Most likely, they will continue to implement these strategies in the future, according to the research report.
COVID-19 impact analysis:
The global antiaging market has seen a decline in sales of products due to lockdown measures imposed by governments to curb the spread of COVID. People had no choice but to stay inside so product consumption had dropped dramatically. The restrictions imposed by various nations to contain COVID had halted production, disrupting the entire supply chain. However, the world markets are slowly opening their full potential and their demand for anti-aging is increasing. The market would remain bullish in the coming year.
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“The rising elderly population and increased consumer demand for anti-aging products are expected to fuel the growth of the anti-aging market over the forecast timeframe,” says a research analyst from ZMR. Strict laws have led to the introduction of safe and effective antiaging products and services and are likely to drive market trends. However, the low level of customer confidence in the effectiveness of antiaging products and services is likely to hamper the development of the antiaging market in the coming years, the research report said.
Based on the age group, the market has been divided into Baby Boomers, Generation X and Generation Y. Currently, Generation X is the leader in the global anti-aging market with more than half of the total world market.
Based on the devices, the market has been divided into Microdermabrasion, Laser Aesthetics, Anti-Cellulite Treatment, and Anti-Aging Radiofrequency Devices. Among these, microdermabrasion devices are the leading segment and account for the majority of the market share.
Based on the products, the anti wrinkle segment had the highest sales in the market. This is attributed to increasing consumer awareness of Botox treatment to improve the complexion of the skin.
Important market participants and competitive landscape
Some of the key players in the anti-aging market are Beiersdorf AG, Personal Microderm, L’Oreal, Solta Medical Inc, Allergan Inc., and Solta Medical Inc.
The Global Anti Aging Market is divided as follows:
Geographically by age
- Baby boomers
- Generation X
- Generation y
- Anti wrinkle products
- Products against stretch marks
- Anti-pigmentation therapy
- Anti-acne therapy in adults
- Breast augmentation
- Chemical peel
- Hair restoration treatment
According to devices
- Laser aesthetics,
- Anti-cellulite treatment
- Anti-aging radio frequency devices
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- The UK
- the rest of Europe
- South Korea
- South East Asia
- the rest of Asia Pacific
- the rest of Latin America
middle East & Africa
- South Africa
- the rest of middle East & Africa
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