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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Anti-aging products, services, and devices are products used to reduce the masking and prevent the sign of skin aging. These products are used in acne treatment, skin resurfacing, and anti-pigmentation. These products help to treat the aging of the skin and also other skin related problems such as acne and wrinkles.

The Global Anti-Aging Products, Services and Devices Market is projected to surpass US$ 379,015.3 million by the end of 2028, in terms of revenue, growing at CAGR of 7.8% during the forecast period (2021 to 2028).

Drivers

The growing aging population is a prime factor fueling the market growth of the anti-aging products, services, and devices. The aging population is getting more aware of anti-aging products. According to the World Health Organization, by 2050, the world’s population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. Moreover, by 2050, 80% of all older people will live in low- and middle-income countries. Thus, the rise in the aging population is propelling the market growth of the anti-aging products services, and devices.

The increasing launch of safe and efficient anti-aging products and services due to strict rules and regulations is augmenting the market growth. This has compelled manufacturers to focus on the efficacy and quality of the products. This is boosting the investment in the research and development programs and the emergence of advanced products. Strict rules and regulations also minimize the chances of risk and side-effects.

North America held dominant position in the Global Anti-Aging Products, Services and Devices Market in 2020, accounting for 33.7% share in terms of revenue, followed by Europe and Asia Pacific, respectively. As a result of rising aging population, as well as product innovation around the globe.

Figure 1. Global Anti-Aging Products, Services and Devices Market, Revenue Share (%), By Region, 2020

Anti-Ageing Products, Services and Devices  | Coherent Market Insights

Market Restraints

The growing demand for invasive surgeries is restricting the adoption of corrective cosmetic surgeries. Invasive cosmetic procedures offer fast recovery and also have fewer post-surgery side-effects. This is expected to hinder the market growth of anti-aging products, services, and devices.

Social stigma and strict rules & regulations associated with the anti-aging device are expected to hamper the demand for these products. This factor is expected to restrict the market growth of anti-aging products, services, and devices.

Market Opportunities

Increasing spending on anti-aging surgical cosmetic procedures by consumers are projected to offer immense opportunities in the market over the forecast period. According to American Society of Plastic Surgeons (ASPS), Americans spent more than $16.5 billion on cosmetic plastic surgery and minimally invasive procedures in 2018, a four percent increase from the previous year. Thus, increasing spending on cosmetic procedures by consumers is projected to favor the market growth in the near future.

Technological advancement in the anti-aging devices is projected to bring new market opportunities in the near future. For instance, in January 2020, Foreo launched a new ‘Bear’ anti-aging device with Lotte and Hyundai in Korea. Bear and Bear Mini is a combination of microcurrent and T-sonic pulsations, it firms the skin for a more youthful and contoured complexion. The microcurrent tones the skin, while T-sonic pulsations relax the facial muscle tension points and smooth the appearance of fine lines and wrinkles. 

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Anti-Aging Products, Services and Devices Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2021: US$ 208,145.1 Mn
Historical Data for: 2017 to 2020 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 7.8% 2028 Value Projection: US$ 379,015.3 Mn
Geographies covered:
  • North America
  • Europe
  • Asia Pacific
  • Rest of World
Segments covered:
  • By Product Type: UV Absorbers, Anti-wrinkle Products, Dermal Fillers, Botox, Anti-Stretch Mark Products and Hair Color.
  • By Services Type: Anti-Pigmentation Therapy, Anti-adult Acne Therapy, Breast Augmentation, Liposuction, Abdominoplasty, Chemical Peel, Eye Lid Surgery, Hair Restoration Treatment and Sclerotherapy.
  • By Devices Type: Anti-Cellulite Treatment Devices, Microdermabrasion Devices, Laser Asthetic Devices and Radio Frequency Devices.
  • By Demographics: Baby Boomers, Generation X and Generation Y.
Companies covered:

Allergan, Inc., Alma Laser, Coty Inc., Beiersdorf AG, Cynosure, L’Oréal SA, Lumenis, Photomedex, Personal Microderm (PMD), and Solta Medical, Inc

Growth Drivers:
  • Increasing aging population
Restraints & Challenges:
  • Growing demand for minimally invasive cosmetic procedure

Figure 2. Global Anti-Aging Products, Services and Devices Market – Opportunity Analysis

Anti-Ageing Products, Services and Devices  | Coherent Market Insights

Market Trends

  • The growing popularity of liposuction procedures due to the influence of social media is estimated to stimulate the market growth of anti-aging products, services, and devices. Also, the growing focus of the people on enhancing the physical appearance along with the increasing disposable income of the consumers is again expected to supplement the market growth of the anti-aging products, services, and devices. The growing penetration of new brands in the beauty care market is further projected to accelerate the market growth.
  • Increasing consumption of anti-stretch mark products is one of the trends in the market. This is attributed to the increasing obesity coupled with the continuous launch in the innovative anti-stretch mark products. Increasing research and development by key manufacturers to develop more advanced anti-aging products in order to meet the growing demand is again expected to propel the market growth of the anti-aging products, services, and devices over the forecast period

Figure 3. Global Anti-Aging Products, Services and Devices Market, Revenue Share (%), By Demographics, in 2020

Anti-Ageing Products, Services and Devices  | Coherent Market Insights

Key Takeaways of the Graph:

  • The Generation X held dominant position in the market and accounted for 70.39% share in the Global Anti-Aging Products, Services and Devices Market in 2020. The segment is expected to reach US$ 172,842.8 million in 2028.
  • Growing awareness regarding the aging signs in younger generations is expected to foster the market growth of the anti-aging products, services, and devices. The market is not only driven by the old population but also young populations who want to delay the process of aging especially people in their mid-thirties. Moreover, rising awareness regarding the skin, body, and hair care among young populations is again expected to augment the market growth of the anti-aging products, services, and devices.

Global Anti-Aging Products, Services and Devices Market - Impact of Coronavirus (Covid-19) Pandemic

Most aesthetic and cosmetic practises were viewed elective and had been postponed in order to free up hospital assets for the treatment of COVID-19 patients, and to reduce the risk of SARS-CoV2 viral infection among patients receiving anti-aging treatment, so the COVID-19 pandemic is anticipated to have a slight impact on the global anti-aging products, services, and devices market. According to a report published in Aesthetic Plastic Surgery 2020, 17.7 million cosmetic treatments were conducted in 2018, up 2% from 2017, indicating that cosmetic procedures are becoming more popular. As a result, the current pandemic is expected to have a direct and indirect impact on the anti-aging industry.

Competitive Section

Key players are operating in the Global Anti-Aging Products, Services and Devices Market are Allergan, Inc., Alma Laser, Coty Inc., Beiersdorf AG, Cynosure, L’Oréal SA, Lumenis, Photomedex, Personal Microderm (PMD), and Solta Medical, Inc.

Few Recent Developments

  • In May 2021, Lumenis Ltd., the major energy-based medical device manufacturer for cosmetic, surgical, and visual applications, confirmed recently that it has won the MedTech Breakthrough Awards for 'Best Overall Medical Device Company.'
  • In March 2021, Lumenis Ltd, an energy-based medical device manufacturer with applications in aesthetics, surgery, and ophthalmology, has confirmed a formal partnership with AdventHealth Nicholson Center (Orlando, FL) to establish a dedicated Center of Excellence as a medical training programme.
  • In September 2021, At Vision Expo West in Las Vegas, Nevada, Lumenis launched the OptiLight intense pulsed light (IPL) product. The FDA has granted the firm permission to market OptiLight, a device that uses IPL to treat dry eye condition.

Anti-aging products and devices are products and/or services that are used to slow or reverse the normal aging process, for one reason or another. Anti-aging products and devices are very popular with both men (who want to look younger) and women (who want to feel younger). Anti-aging products and devices come in different forms-they can be creams, pills, powders, lotions, facial scrubs, cosmetics, hair dyes, hair transplants and surgery. Most people choose one of the many available Anti-aging products and devices when they are looking to make themselves look or feel better.

Market Dynamics

Increasing aging population and technological advancement in the field of anti-aging products and services is propelling growth of the anti-aging products, services and devices market. For instance, in June 2020, Avon has unveiled its Anew Skin Reset Plumping Shots which claims to reboost the skin in a week.

On the other hand, social stigma and growing demand for minimally invasive cosmetic surgeries is expected to hinder growth of the market

Key features of the study:

  • This report provides in-depth analysis of the anti-aging products, services and devices market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global anti-aging products, services and devices market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
  • Key companies covered as a part of this study include Allergan, Inc., Alma Laser, Coty Inc., Beiersdorf AG, Cynosure, L’Oréal SA, Lumenis, Photomedex, Personal Microderm (PMD), and Solta Medical, Inc
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
  • The global anti-aging products, services and devices market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global anti-aging products, services and devices market

Detailed Segmentation:

  • Global Anti-Aging Products, Services, And Devices Market, By Product, Services & Devices:
    • Product Type
      • UV Absorbers
      • Anti-wrinkle Products
      • Dermal Fillers
      • Botox
      • Anti-Strech Mark Products
      • Hair Color
    • Services Type
      • Anti-Pigmentation Therapy
      • Anti-adult Acne Therapy
      • Breast Augmentation
      • Liposuction
      • Abdominoplasty
      • Chemical Peel
      • Eye Lid Surgery
      • Hair Restoration Treatment
      • Sclerotherapy
    • Devices Type
      • Anti-Cellulite Treatment Devices
      • Microdermabrasion Devices
      • Laser Asthetic Devices
      • Radio Frequency Devices
  • Global Anti-Aging Products, Services, And Devices Market, By Demographics:
    • Baby Boomers
    • Generation X
    • Generation Y
  • Global Anti-Aging Products, Services, and Devices Market, By Region:
    • North America
      • By Product, Services & Devices
        • Product Type
          • UV Absorbers
          • Anti-wrinkle Products
          • Dermal Fillers
          • Botox
          • Anti-Strech Mark Products
          • Hair Color
        • Services Type
          • Anti-Pigmentation Therapy
          • Anti-adult Acne Therapy
          • Breast Augmentation
          • Liposuction
          • Abdominoplasty
          • Chemical Peel
          • Eye Lid Surgery
          • Hair Restoration Treatment
          • Sclerotherapy
        • Devices Type
          • Anti-Cellulite Treatment Devices
          • Microdermabrasion Devices
          • Laser Asthetic Devices
          • Radio Frequency Devices
      • By Demographics
        • Baby Boomers
        • Generation X
        • Generation Y
    • Latin America
      • By Product, Services & Devices
        • Product Type
          • UV Absorbers
          • Anti-wrinkle Products
          • Dermal Fillers
          • Botox
          • Anti-Strech Mark Products
          • Hair Color
        • Services Type
          • Anti-Pigmentation Therapy
          • Anti-adult Acne Therapy
          • Breast Augmentation
          • Liposuction
          • Abdominoplasty
          • Chemical Peel
          • Eye Lid Surgery
          • Hair Restoration Treatment
          • Sclerotherapy
        • Devices Type
          • Anti-Cellulite Treatment Devices
          • Microdermabrasion Devices
          • Laser Asthetic Devices
          • Radio Frequency Devices
      • By Demographics
        • Baby Boomers
        • Generation X
        • Generation Y
    • Europe
      • By Product, Services & Devices
        • Product Type
          • UV Absorbers
          • Anti-wrinkle Products
          • Dermal Fillers
          • Botox
          • Anti-Strech Mark Products
          • Hair Color
        • Services Type
          • Anti-Pigmentation Therapy
          • Anti-adult Acne Therapy
          • Breast Augmentation
          • Liposuction
          • Abdominoplasty
          • Chemical Peel
          • Eye Lid Surgery
          • Hair Restoration Treatment
          • Sclerotherapy
        • Devices Type
          • Anti-Cellulite Treatment Devices
          • Microdermabrasion Devices
          • Laser Asthetic Devices
          • Radio Frequency Devices
      • By Demographics
        • Baby Boomers
        • Generation X
        • Generation Y
    • Asia-Pacific
      • By Product, Services & Devices
        • Product Type
          • UV Absorbers
          • Anti-wrinkle Products
          • Dermal Fillers
          • Botox
          • Anti-Strech Mark Products
          • Hair Color
        • Services Type
          • Anti-Pigmentation Therapy
          • Anti-adult Acne Therapy
          • Breast Augmentation
          • Liposuction
          • Abdominoplasty
          • Chemical Peel
          • Eye Lid Surgery
          • Hair Restoration Treatment
          • Sclerotherapy
        • Devices Type
          • Anti-Cellulite Treatment Devices
          • Microdermabrasion Devices
          • Laser Asthetic Devices
          • Radio Frequency Devices
      • By Demographics
        • Baby Boomers
        • Generation X
        • Generation Y
    • Middle East & Africa
      • By Product, Services & Devices
        • Product Type
          • UV Absorbers
          • Anti-wrinkle Products
          • Dermal Fillers
          • Botox
          • Anti-Strech Mark Products
          • Hair Color
        • Services Type
          • Anti-Pigmentation Therapy
          • Anti-adult Acne Therapy
          • Breast Augmentation
          • Liposuction
          • Abdominoplasty
          • Chemical Peel
          • Eye Lid Surgery
          • Hair Restoration Treatment
          • Sclerotherapy
        • Devices Type
          • Anti-Cellulite Treatment Devices
          • Microdermabrasion Devices
          • Laser Asthetic Devices
          • Radio Frequency Devices
      • By Demographics
        • Baby Boomers
        • Generation X
        • Generation Y
  • Company Profiles
    • Allergan, Inc*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Alma Laser
    • Coty Inc.
    • Beiersdorf AG
    • Cynosure
    • L’Oréal SA
    • Lumenis
    • Photomedex
    • Personal Microderm (PMD)
    • Solta Medical, Inc.

 “*” marked represents similar segmentation in other categories in the respective.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product, Services & Devices
      • Market Snippet, By Demographics
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Anti-Aging Products, Services And Devices Market- Impact of Coronavirus (Covid-19) Pandemic
    • Overview
    • Factors Affecting Global Anti-Aging Products, Services And Devices Market – COVID-19
    • Impact Analysis
  5. Global Anti-Aging Products, Services And Devices Market, By Product, Services & Devices 2017 - 2028(US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 - 2027
      • Segment Trends
    • Product Type
      • UV Absorbers
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 - 2027
      • Anti-wrinkle Products
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 – 2027
      • Dermal Fillers
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 – 2027
      • Botox
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 – 2027
      • Anti-Strech Mark Products
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 – 2027
      • Hair Color
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 – 2027
    • Services Type
      • Anti-Pigmentation Therapy
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 - 2027
      • Anti-adult Acne Therapy
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 - 2027
      • Breast Augmentation
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 - 2027
      • Liposuction
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 - 2027
      • Abdominoplasty
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 - 2027
      • Chemical Peel
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 - 2027
      • Eye Lid Surgery
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 – 2027
      • Hair Restoration Treatment
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 – 2027
      • Sclerotherapy
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 – 2027
    • Devices Type
      • Anti-Cellulite Treatment Devices
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 – 2027
      • Microdermabrasion Devices
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 – 2027
      • Laser Asthetic Devices
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 – 2027
      • Radio Frequency Devices
        • Market Share Analysis, 2017 and 2028(%)
        • Y-o-Y Growth Analysis, 2021 – 2027
  6. Global Anti-Aging Products, Services And Devices Market, By Demographics, 2017 - 2028(US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 - 2027
      • Segment Trends
    • Baby Boomers
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2027
    • Generation X
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2027
    • Generation Y
      • Market Share Analysis, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, 2021 – 2027
  7. Global Anti-Aging Products, Services And Devices Market, By Region, 2017- 2028(US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2028(%)
      • Y-o-Y Growth Analysis, By Region, 2021 - 2027
    • North America
      • Market Size and Forecast, By Product, Services & Devices, 2017- 2028(US$ Million)
      • Market Size and Forecast, By Demographics, 2017- 2028(US$ Million)
    • Latin America
      • Market Size and Forecast, By Product, Services & Devices, 2017- 2028(US$ Million)
      • Market Size and Forecast, By Demographics, 2017- 2028(US$ Million)
    • Europe
      • Market Size and Forecast, By Product, Services & Devices, 2017- 2028(US$ Million)
      • Market Size and Forecast, By Demographics, 2017- 2028(US$ Million)
    • Asia Pacific
      • Market Size and Forecast, By Product, Services & Devices, 2017- 2028(US$ Million)
      • Market Size and Forecast, By Demographics, 2017- 2028(US$ Million)
    • Middle East & Africa
      • Market Size and Forecast, By Product, Services & Devices, 2017- 2028(US$ Million)
      • Market Size and Forecast, By Demographics, 2017- 2028(US$ Million)
  8. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • Allergan, Inc
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Alma Laser
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Coty Inc.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Beiersdorf AG
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Cynosure
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • L’Oréal SA
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Lumenis
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Photomedex
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Personal Microderm (PMD)
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Solta Medical, Inc.
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 50 market data tables* and 45 figures* on "Global Anti-Aging Products, Services and Devices Market” – global forecast to 2028

FAQgrowicon

Frequently Asked Questions

The market for Global Anti-Aging Products, Services and Devices Market is forecast to surpass US$ 379,015.3 million by 2028 witnessing a CAGR of 7.8% between 2021 and 2028.
Increasing ageing population and technological advancement in anti-aging products are the factors fuelling growth of the market.
The Demographics segment is the leading component segment in the market.
Growing demand for invasive cosmetic procedures is expected to hinder growth of the market.
Major players operating in the market include, Allergan, Inc., Alma Laser, Coty Inc., Beiersdorf AG, Cynosure, L’Oréal SA, Lumenis, Photomedex, Personal Microderm (PMD), and Solta Medical, Inc
North America region is expected to hold dominant position in the market over the forecast period. The growth of the market in the region is driven by rising aging population, as well as product innovation.
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