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The Global Anti-Aging Products, Services and Devices Market, was valued at US$ 208,145.1 million in 2020, according to Anti-Aging Products, Services and Devices Market Report, by Product, Services & Devices (Product Type(UV Absorbers, Anti-wrinkle Products, Dermal Fillers, Botox, Anti-Strech Mark Products and Hair Color), Service Type (Anti-Pigmentation Therapy, Anti-adult Acne Therapy, Breast Augmentation, Liposuction, Abdominoplasty, Chemical Peel, Eye Lid Surgery, Hair Restoration Treatment and Sclerotherapy), and Device Type (Anti-Cellulite Treatment Devices, Microdermabrasion Devices, Laser Asthetic Devices & Radio Frequency Devices)), by Demographics (Baby Boomers, Generation X & Generation Y), and by Region (North America, Latin America, Europe, Asia-Pacific, Middle East & Africa), published by Coherent Market Insights.

The Global Anti-Aging Products, Services and Devices Market was valued at US$ 208,145.1 million in terms of revenue in 2020 and is predicted to grow at a CAGR of 7.8% during the forecast period (2021 to 2028). Anti-aging products, services, and devices are anti-aging skincare solutions used to prevent the aging of the skin. These solutions help in improving skin appearance and treat various skin related problems. They are classified into hair color, ultraviolet absorption, anti-wrinkle, and anti-stretch mark. Anti-cellulite treatment device, radio-frequency devices, and microdermabrasion device are some of the anti-aging skincare devices.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/anti-ageing-products-services-and-devices-market-4765

Browse 50 market data tables* and 45 figures* on “Anti-Aging Products, Services and Devices Market” - Global Forecast to 2028.

Key Trends and Analysis of the Global Anti-Aging Products, Services and Devices Market:

  • Changing fashion trends coupled with the increased adoption of preventive Botox procedures by millennial customers is fostering the market growth of the anti-aging products, services, and devices. The advent of new anti-aging services due to improving standard of living and changing lifestyle of the consumers is again expected to foster market growth. Moreover, the growing demand for premium luxury products is again accelerating the market growth of anti-aging products, services, and devices over the forecast period.
  • Increasing strategic partnerships and agreements among key manufacturers for business expansion on a regional as well as a global basis is one of the growing trends in the market. For instance, in February 2020, Devonian Health Group Inc. a solution provider of botanical pharmaceutical and cosmeceutical products announced that it has signed an exclusive sales and marketing agreement with SkinSciPac Inc. to market worldwide cosmeceutical products derived from the usage of its proprietary R-Spinasome® technology.

Market Opportunities

  • A growing number of anti-aging seminars, conferences, and campaigns to create awareness regarding the anti-aging treatments is expected to offer bright opportunities in the near future. Increasing adoption of technologically advanced anti-aging devices across clinics, homes, hospitals in order to treat skin related problems such as stretch marks and wrinkles is projected to foster market growth. Hence, increasing adoption of technologically advanced devices across the aforementioned areas is expected to augment the market growth.

Global Anti-Aging Products, Services and Devices Market: Recent Developments

  • In February 2021, the acquisition of the Japanese company Takami Co by L'Oréal has been completed.
  • In January 2021, L'Oréal launched its latest Beauty Tech innovation, L'Oréal Water Saver, a sustainable haircare system for the salon and at-home beauty routine, developed with environmental innovation company Gjosa, at the Consumer Electronics Show, the world's biggest consumer technology exhibition.
  • In July 2020, Alma Laser, a global specialist in energy-based medical and aesthetic solutions, announced that Alma Hybrid, the first laser system to incorporate an ablative 10,600 nm (CO2) laser and a non-ablative 1570 nm laser for skin resurfacing, has received clearance from the US Food and Drug Administration.

Market Restraints

  • Due to the presence of faked and failed anti-aging devices and products in the market the new products, services and devices face difficulty to enter the market. For instance, the most controversial and debated anti-aging agent HGH (human growth hormone) supplement which is claimed to be an anti-aging product and has proved to have many side-effects and irreversible disorders. These scenarios are acting as a challenge and have increased difficulties for many new potential manufacturer to enter in the anti-aging market.

Key Takeaways

  • The Global Anti-Aging Products, Services and Devices Market was valued at US$ 208,145.1 Mn in 2020 and is forecast to reach a value of US$ 379,015.3Mn by 2028 at a CAGR of 7.8% between 2021 and 2028.
  • The Product, Services & Devices segment was valued US$ 208,145.1 Mn in 2020 and is expected to witness a CAGR of 7.8% over the forecast period. (Different Segment should be covered than what is covered in MI file by Research Team )

Key Players

  • 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.
  • These players are constantly engaged in mergers, acquisitions and product launch to gain competitive advantage over other players. For instance, in January 2020, Alma Lasers has launched a distinctive edition of the Harmony XL PRO, a multi-application device aimed at treating common skin issues like vascular lesions, pigmented lesions, hair removal, and acne.

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

  • The Covid-19 outbreak has had an adverse impact on various industries around the globe. Due to the strict rules and regulations undertaken by government to curb the spread of the infection, companies are looking to function remotely. Moreover, various companies are looking to implement strict measures to operate at minimum risks. Additionally, various companies had shutdowns their manufacturing units which had an adverse impact on anti-aging products, services and devices market.

 Market Taxonomy

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

By Region

  • North America
  • Latin America
  • Europe
  • Asia-Pacific
  • Middle East & Africa
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