Industry Background:
The anti-aging market is tremendously growing due to rise in aging populations in several developed and developing countries. It is also became a catalyst in the growth of anti-aging market. The rising number of medical tourism for cosmetic procedures and technological advancement in the field of anti-aging leads to better services.It has been observed that increasing production of cosmetics products by the key players in the market coupled with mergers and acquisition is expected to flourish the global anti-aging market in future. The manufacturers of anti-aging are expanding their businesses in Europe countries as these countries are focused on development of new product portfolio.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Dominating Application | Application |
Key Companies Profiled | Allergan Inc. (Ireland), L’Oreal, SA (France), Cynosure Inc. (United States), Alma Lasers Ltd (Israel), Solta Medical Inc. (United States), Beiersdorf AG (Germany), Coty Inc. (United States), Personal Microderm (United States), Lumenis Ltd. (Israel) and Photomedex Inc. (United States) |
According to AMA, the market for Anti-aging is expected to register a CAGR of 7.6% during the forecast period to 2028. This growth is primarily driven by Growing Aging Population Worldwide Leads to Boost the Anti-Aging Market., Increase in demand of Beauty Consciousness among the People. and Increase in Use of Anti-Aging Devices and Aesthetic Plastic Surgeries..
Globally, a noticeable market trend is evident Growing Demand For Organic products.
The Managed Health Care 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 Inc. (Ireland), L’Oreal, SA (France), Cynosure Inc. (United States), Alma Lasers Ltd (Israel), Solta Medical Inc. (United States), Beiersdorf AG (Germany), Coty Inc. (United States), Personal Microderm (United States), Lumenis Ltd. (Israel) and Photomedex Inc. (United States), 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 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, Gryphon, a private equity firm acquired RoC Skincare, This acquisition is beneficial in providing innovative products and complete skincare solution. It’s also useful for company to expand the business portfolio in different regions.
In 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 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:
Growing Demand For Organic products. and Anti-aging Market Growth with Increase of Premium Consumer
Market Growth Drivers:
Growing Aging Population Worldwide Leads to Boost the Anti-Aging Market., Increase in demand of Beauty Consciousness among the People. and Increase in Use of Anti-Aging Devices and Aesthetic Plastic Surgeries.
Challenges:
Side-Effects Associated With Maximum Use of Chemical Products.
Restraints:
High Cost Associated with Anti-Aging Products. and Rise in Disposable Incomes of People in Emerging Economies Will Boost the Anti-Aging Market
Opportunities:
Top Players are Focusing on Bringing Technological Advancement in the Anti-Aging Treatment Products. and Adaptation of Sedentary Lifestyle Will Boost the Anti-Aging Market.
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 Market
- Analysis about New Entrants in Anti-aging 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 Study Sheds Light on
The Anti-aging Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Anti-aging industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Anti-aging 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.