Anti-Aging is defined as the technique designed to prevent the appearance of getting older. Aging is known as a cycle of various biochemical processes in the body caused by factors which affect body over a period internally as well as externally and leads to degeneration of body affecting beauty, health and fitness of an individual. There are various anti-aging products like creams, gels, serums, cleansers, moisturizers and facial oils which are used to treat aging-related problems like wrinkles, acne, scars, spots and stretch marks.
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In the year 2018, Global Anti-Aging Market was valued at USD 42.51 Billion. By the year 2023, it is expected to reach USD 55.03 Billion at pace of 5.30% CAGR.
The demand for different types of anti-aging products is rapidly growing due to rising aging population across the globe, increase in anti-aging awareness campaigns, technological advancements, increasing disposable incomes, and rising demand for natural and organic products are the driving factors for Global Anti-Aging Market. Introduction of new techniques related to new anti-ageing treatments and products are boosting the Anti-Aging Market. However, the restraining factors like high cost of treatments and strict regulatory policies are likely to affect the global anti-aging market during the forecast period.
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Based on geography the Global Anti-Aging market has been primarily divided into Asia Pacific, Middle East and Africa, North America and Latin America. North America holds the largest market share in the global anti-aging market due to increasing awareness about aging signs, rising of aging and obese population, and increasing healthcare expenditure are the major drivers for anti-aging market. Asia-Pacific is expected to propel the growth rate during the forecast period due to increasing demand for natural and organic products, approval of new anti-aging services, products and devices, and increasing of disposable incomes in this region.
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Major companies for Global Anti-Aging market are Photomedex Inc, Lumenis Ltd, Personal Microderm Coty Inc, Beiersdorf AG, Solta Medical Inc, Alma Lasers Ltd, Cynosure Inc, L’Oreal SA, and Allergan Inc.