The global anti-aging services market size was valued at USD 25.9 billion in 2020 and is anticipated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the most of the market's consumer base has become social media savvy, interest in anti-aging treatments has grown.
Age is an unavoidable and ongoing process. Our bodies stop generating collagen and elastin as we age (collagen and elastin allows our skin to stretch). Apart from natural aging, our skin ages prematurely owing to a variety of causes such as dietary inadequacies, obesity, stress, smoking, alcohol consumption, excessive sun exposure, drug responses, and so on. Fine lines, wrinkles, folds, loss of volume, elasticity, dryness, sagging skin, eye pouches, skin becoming sensitive, a rise in the amount of age spots, freckles, and moles are all signs of aging. The sebaceous glands produce less oil as people age, and bodily tissues degenerate, resulting in dryness, itching, and wrinkles on the skin. Women who have entered menopause may notice a decrease in oil production by the sebaceous gland. Anti-aging treatments can help decrease the appearance of fine lines and wrinkles while also improving the texture of the skin. Anti-aging therapies can boost a person's confidence by giving them a younger-looking complexion.
Anti-aging services are those that help to prevent or slow down the aging process. These treatments help to reduce wrinkles, moisturize the skin, and brighten the complexion. Anti-ageing therapy is a method of slowing or stopping the aging process. There are a variety of surgical and non-surgical therapies available to help fight the effects of aging. Excessive sun exposure can cause skin damage and is responsible for the majority of apparent skin aging. In addition to photo-ageing, prolonged exposure to the sun without the use of sunscreen can cause skin cancer and damage. There is no one-size-fits-all therapy for all skin problems that will provide the same results on everyone. A dermatologist can decide the best technique for you and whether you require a mix of treatments. Expression lines and wrinkles, loss of fat volume, loss of bone structure, gravity, and other factors all contribute to the aging process. The worst culprit is sun damage. There are procedures that can smooth and tighten the skin, as well as enhance volume and reduce wrinkles. A non-surgical technique, on the other hand, will provide you the same lifting benefits as surgery while also making you seem younger and more revitalized. Injectables, Botulinum toxin, Liquid facelift, Face-melting, Chemical peel, Dermal rolling, Microdermabrasion, and Lasers are among the treatments available. Different surgical techniques, such as a conventional facelift, a minimal incision facelift, and a neck lift, are available depending on the number of improvements a patient wants to see.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for anti-aging skincare treatments around the world is key factor boosting the market growth during the forecast period.
- Increasing technological developments in the beauty industry around the world is anticipated to drive the market growth during the forecast period.
- Increasing entries of new entrants in the markets such as Asia Pacific due to improved living standards is expected to fuel the market growth in the coming years.
- Rising consumer incomes, changing lifestyles, and increasing consumer awareness is anticipated to boost the market growth during the forecast period.
- High cost of products and adverse side effects of the products are projected to hamper the market growth during the forecast period.
- Stringent regulations by authorities presents as key challenge that can hinder the market growth during the forecast period.
- Increased focus on R&D activities for new product & therapy development and technological advancements are estimated to create lucrative opportunities for the market players.
Scope of the Report
The report on the global anti-aging services market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Anti-aging Services Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Types (Microdermabrasion, Breast Augmentation, Liposuction, Chemical Peel, Sclerotherapy, Intense Pulsed Light, Botox, Dermal Fillers, and Others), Demographics (Baby Boomers, Generation X, and Generation Y)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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Allergan, Inc.; Beiersdorf AG; Cynosure; Lumenis; Solta Medical, Inc.; Procter & Gamble; Estee Lauder, Inc.; Elizabeth Arden
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Market Segment Insights
Liposuction segment is expected to account for a key share
Based on types, the anti-aging services market is segmented into microdermabrasion, breast augmentation, liposuction, chemical peel, sclerotherapy, intense pulsed light, Botox, dermal fillers, and others. The liposuction segment is expected to account for a key share of the market during the forecast period due to the increased influence of social media. The segment is increasing as a result of technological advances and increased awareness of the treatments.
On the other hand, the Botox segment is anticipated to expand at a rapid pace during the forecast period owing to its safety and effectiveness. In a clinical study, higher dosages were found to be well tolerated and safe in all of the patients tested during clinical studies. Botox and other dermal fillers are expected to be the most prominent non-invasive anti-aging therapies for the forecast period.
Generation X segment is expected to constitute a key share
Based on demographics, the anti-aging services market is segmented into baby boomers, generation X, and generation Y. The generation X segment is expected to constitute a key share of the market during the forecast period owing to increased focus on physical appearance along with increased disposable incomes.
On the other hand, the generation Y segment is anticipated to expand at a rapid pace during the forecast period due to increasing preference for premium skincare brands. Millennials make up the majority of the population, and they are more aware of well-known premium brands like Estée Lauder and Elizabeth Arden.
North America is anticipated to dominate
On the basis of regions, the anti-aging services market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. The regional market growth can be attributed to aging population, particularly generation Y, who are more interested with aesthetics, wellbeing, and physical appearance.
On the other hand, Asia Pacific is expected to exhibit a rapid growth rate in the coming years due to a large pool of customers willing to invest more in anti-aging skincare. Furthermore, due to increased customer demand, the presence of prestige and ultra-prestige anti-aging skincare brands in the region has grown.
Segments
Segments Covered in the Report
The global anti-aging services market has been segmented on the basis of
Types
- Microdermabrasion
- Breast Augmentation
- Liposuction
- Chemical Peel
- Sclerotherapy
- Intense Pulsed Light (IPL)
- Botox
- Dermal Fillers
- Others
Demographics
- Baby Boomers
- Generation X
- Generation Y
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Allergan, Inc.
- Beiersdorf AG
- Cynosure
- Lumenis
- Solta Medical, Inc.
- Procter & Gamble
- Estee Lauder, Inc.
- Elizabeth Arden
Competitive Landscape
Key players competing in the anti-aging services market include/are Allergan, Inc.; Beiersdorf AG; Cynosure; Lumenis; Solta Medical, Inc.; Procter & Gamble; Estee Lauder, Inc.; and Elizabeth Arden.
The market is very fragmented and competitive. Customer tastes and industry trends vary swiftly, causing market dynamics to shift quickly. Brand strength, pricing structure, product assortments, availability, product efficacy, perceived value, value-added customer services, social media presence, advertising, new product introductions, and other promotional activities are all factors that drive fierce competition between companies in this market. Some of the firms are far larger, more diverse, and have more marketing and financial resources than others. Some of the key business strategies employed by companies includes mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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