Industry Background:
Due to rise in aging populations in several developed and developing countries, the anti-aging products and therapies market will grow robustly over the forecasted period. In addition to this, the rising number of medical tourism for cosmetic procedures, as well as technological advancement in the field of anti-aging will further escalate the demand for anti-aging treatments and ultimately anti-aging products. Moreover, the growing adoption of minimally invasive anti-aging treatments and introduction to non-invasive laser treatments will attract global population. However, some of the severe side effects for the skin treatments might stagnate the demand for anti-aging products and treatments. Aging relates to maturing or growing old in terms of endurance, agility, strength, basal metabolism, speed of reaction, hearing acuity and many others. In case of geriatric population, the skin drier & less elastic; bones are comparatively brittle, and the teeth are shed.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Billion) |
Key Companies Profiled | Allergan plc (Ireland), Ipsen (France), Lanzhou Institute of Chemical Physics, Chinese Academy of Sciences (China), Estee Lauder Companies Inc. (United States), Avon Products, Inc. (United Kingdom), Galderma S.A. (Switzerland), LG Life Sciences, Ltd. (South Korea), Bohus Biotech AB (Sweden), Imeik Technology Development Co Ltd (China), Merck & Co., Inc. (United States) and Gaoxin Zhangtong Co. Ltd. (China) |
This growth is primarily driven by Increasing Geriatric Population across the Globe will boost the Demand and Rising Health Consciousness Among Consumers.
Globally, a noticeable market trend is evident Introduction to Highly Advanced Skin Treatments such as Neuromodulators For Tauter Skin
The Diseases & Therapeutic Areas sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Allergan plc (Ireland), Ipsen (France), Lanzhou Institute of Chemical Physics, Chinese Academy of Sciences (China), Estee Lauder Companies Inc. (United States), Avon Products, Inc. (United Kingdom), Galderma S.A. (Switzerland), LG Life Sciences, Ltd. (South Korea), Bohus Biotech AB (Sweden), Imeik Technology Development Co Ltd (China), Merck & Co., Inc. (United States) and Gaoxin Zhangtong Co. Ltd. (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Anti-Aging Products and Therapies market is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Key Developments in the Market:
In January 2019, a private equity firm, "Gryphon" has acquired RoC Skincare, This acquisition is beneficial in providing innovative products and complete skincare solution. It’s also useful for the company to expand its business portfolio in different regions.
On January 23, 2018, Estee Lauder introduced an Instant Wrinkle Filler Tri-Polymer Blend, which is beneficial in delivers filling spheres to decrease the look of fine lines and with repeated use, also helps the skin increase collagen production and promote cell turnover.
Regulatory Insights:
“According to Food and Drug Administration (FDA), it’s denoted that, cosmetics must be safe when consumers use them according to product labeling, or the way in which the products are customarily used. But the law does not require cosmetics to be approved by FDA before they go on the market. Drugs, however, must have FDA approval for both safety and effectiveness before they go on the market. Similarly, medical devices must go through FDA’s clearance process”.
Influencing Trend:
Introduction to Highly Advanced Skin Treatments such as Neuromodulators For Tauter Skin and Adoption of New Age Fillers like Hyaluronic acid and Calcium Hydroxyapatite Fillers
Market Growth Drivers:
Increasing Geriatric Population across the Globe will boost the Demand and Rising Health Consciousness Among Consumers
Challenges:
Stringent Government Regulations in Drug Development and Healthcare Industry
Restraints:
Significant Side-Effects of the Dermal Treatments for instance; Chemicals Available in Cosmetic Products are Found in Biopsies from Breast Tumors and Excessive Use might Disturb the Hormone Function of Consumer
Opportunities:
Growing Use of Botox injections and Ongoing Research and Developments in Developing Highly Advanced Treatments and Introduction to EmsculptTM From BTL Aesthetics which can tone Muscles in the Abdomen and Buttocks
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Anti-Aging Products and Therapies Market
- Analysis about New Entrants in Anti-Aging Products and Therapies Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Anti-Aging Products and Therapies Study Sheds Light on
The Anti-Aging Products and Therapies Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Anti-Aging Products and Therapies industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Anti-Aging Products and Therapies industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.