SEP 22,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Anti-Aging Products and Therapies Market.
The Anti-Aging Products and Therapies Market is projected to grow from USD 1.67 billion in 2020 to USD 2.68 billion by 2026 at a CAGR of over 8.2% during the forecast period.
Aging is a maturing phase that involves a decline in stamina, strength, agility, speed, basal metabolism, acute hearing, and sexual activity. The bones are more fragile, the teeth shed easily, and the skin is drier. Aging skin is mainly associated with a sagging face, in which deeper tissues such as subjacent soft tissue and structural landmarks lose their resiliency. Anti-aging is a process of limiting or slowing these changes through various products and therapies.
Market Dynamics
Growing incidences of skin cancer are a key driver for anti-aging reconstructive procedures.
- The significant technological developments coupled with rising R&D activities have resulted in the introduction of anti-aging treatments such as breast implants, plastic surgeries, etc., thus driving the market growth.
- Furthermore, increasing consciousness about aging among the youth and adults regarding their physical appearances has further led to surging demand for the product.
- However, the cost of products and risks of anti-aging treatments being unsafe are likely to hinder the industry expansion.
Segment Analysis
Therapy Trends
The liposuction segment held the largest market share in 2020 and is projected to grow at a healthy CAGR during the forecast timeline.
- Based on therapy the global anti-aging products and therapies market has been segmented into liposuction, BOTOX, rejuvenation and dermal fillers, hormone replacement therapy, gene therapy, sclerotherapy, hair restoration services, abdominoplasty, anti-pigmentation therapy, breast augmentation, others.
- This is mainly ascribed to the gaining popularity for a fit body due to the increased influence of social media.
- In addition, technological advancements and raising awareness about the liposuction among young generation are further contributing to the segment growth.
Regional Trends
The North American market garnered the highest market share in 2020 and is estimated to grow at a steady CAGR during the forecast timeline.
- This can be attributed to the growing aged population, especially generation Y, who are more conscious about wellness, beauty, and physical appearance, which proliferates the industry growth in the region.
- Moreover, increasing purchasing power, availability of the well-established infrastructure, rising awareness about plastic surgery, and the presence of key market players, further augment the regional growth.
Key Players:
- Unilever Plc (UK),
- L’Oréal S.A. (France),
- Beiersdorf AG (Germany),
- The Estée Lauder Companies Inc. (The U.S.),
- Allergan plc (The U.S.),
- The Procter & Gamble Company (The U.S.),
- Shiseido Cosmetics (Japan),
- Procter & Gamble Company (The U.S.),
- Koninklijke Philips NV (Netherlands), and
- Orlane Paris (France).
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Anti-Aging Products and Therapies Market analysis report discusses the following heads in great detail:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- COVID-19 Impact Assessment
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
Customization of the Report:
This report can be customized to meet the client’s requirements. In order to provide more accurate market forecast, all the reports are updated before delivery.
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