Between 2023 and 2033, the Anti-Ageing Products Services and Devices Market demand is projected to grow at a compound annual growth rate (CAGR) of 5.5%. By 2022, the market for anti-aging products was expected to reach a value of US$ 59 billion. According to Future Market Insights (FMI), the revenue from the anti-aging market is predicted to increase from US$ 64 billion in 2023 to US$ 109.8 billion by 2033.
The increasing consumer concern for physical appearance and aesthetics has resulted in a surge in demand for various anti-aging products, services, and devices, which is driving the global anti-aging market. The global anti-aging business is expanding due to the growth of the worldwide cosmetics and skincare industry.
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The younger generation’s increased knowledge of body and skin care anti-aging products is driving the global anti-aging market. With skin problems becoming more prevalent due to pollution, poor eating habits, alcohol abuse, and other factors, people are more inclined to take care of their skin.
Moreover, the rising geriatric population in emerging nations is responsible for the global upsurge in sales of anti-aging products. As a result, consumers in different regions who are getting older have a continuous demand for anti-wrinkle products. The global anti-aging market is also driven by the consumer’s desire for anti-wrinkle creams and lotions to appear young and attractive.
The expansion of pharmacies, internet retailers, and other outlets is boosting the sales of anti-aging products, services, and devices. To meet the growing demand, manufacturing firms in the global anti-aging market are focusing on providing herbal and organic beauty products to customers.
Businesses in the anti-aging sector are creating innovative products to meet customer demand. The anti-aging industry is expected to grow due to technological advancements and the increasing spending by large corporations on research and development to produce safe and effective skin care products.
The increased knowledge and acceptability of anti-aging treatments have opened up a potential market for anti-aging products, services, and devices, as well as aesthetic plastic surgery procedures throughout the forecast period.
North America holds the highest revenue share in the global market. The strong emphasis on the value of looks in society and the increased awareness of the availability of efficient anti-aging therapies are primarily responsible for North America’s profitable growth.
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Key Takeaways
- The market for anti-ageing products services and devices in the United States is anticipated to grow at a CAGR of 5.6% through 2033.
- With a CAGR of 5.9%, the United Kingdom anti-ageing products services and devices market is expected to grow significantly during the forecast period.
- With a CAGR of 5.2% throughout the research period, Germany is predicted to grow rapidly in the market for anti-ageing products services and devices by 2033.
- The anti-ageing products services and devices market in China is expected to grow at a CAGR of 4.8% over the forecast period.
- With a CAGR of 4.5% throughout the assessment period, the market for anti-ageing products services and devices in India is anticipated to increase speedily.
- The moisturizers category of the anti-ageing products services and devices market’s product type segment is predicted to develop at a CAGR of 5.1% through 2033.
- In the market for anti-ageing products services and devices, the anti-pigmentation therapy section of the application category is estimated to showcase a CAGR of 5.0% over the forecast period.
Competitive Landscape
Key companies in the anti-ageing products services and devices market are Aesthetics Biomedical®, Inc., Innisfree, Crescita Therapeutics Inc, Bare Minerals, L’Oreal SA, The Face Shop, Allergan Inc., Beiersdorf AG, Coty Inc., Cynosure Inc., Personal Microderm (PMD), Age Sciences Inc., Lumenis Ltd., Solta Medical Inc., Nestle and others.
To increase their market share in anti-ageing products services and devices, these businesses have employed a few strategies. They have employed both organic and inorganic development strategies, such as new product launches, acquisitions, corporate expansions, and partnerships, to grow their clientele and income.
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Anti-ageing Products Services and Devices Market by Category
By Application:
- Anti-Pigmentation Therapy
- Anti-Cellulite Treatment
- Anti-Wrinkle Treatment
- Acne Management
- Scar Treatment
- Others
By Product Type:
- Creams
- Moisturizers
- Retinols
- Dermal Fillers
- Botulinum Toxin
- Chemical Peels
- Cellulite Treatment
- Non-Surgical Fat Reduction
- Others
By Distribution Channel:
- Dermatology Clinics
- Hospitals, Pharmacies, Drugstores
- Rejuvenation Centers
- Others
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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