Anti-Aging Services and Devices Market is expected to grow at over 5.20% CAGR from 2021 to 2031

[96 Pages Report] Future Market Insights, an ESOMAR certified consulting firm, has planned market for anti-aging products, services and devices achieve a valuation of $369.79 billion over the forecast period of 2021 and 2031.

Rising demand for anti-wrinkle treatment and anti-cellulite treatment in the US, India, UK, and Germany has propelled the growth of the market. The growing demand for clinically proven ingredients is driving non-invasive anti-aging cosmetic procedures.

According to IMF analysis, the market for anti-aging products, services and devices in the US and UK is expected to grow at an impressive rate over the forecast period. The increasing prevalence of skin conditions such as atopic dermatitis, melanoma and non-melanoma skin cancer will improve the uptake of anti-aging treatments.

With the growing awareness of skincare routine and the growing urgency to have younger looking skin, sales of retinol-rich products, moisturizers and dermal fillers reducing wrinkles among women increased.

Another key factor responsible for revenue growth in the anti-aging market is promotion and advertisements featuring celebrities to endorse products and treatments. As such, major players are adopting different strategies to increase their revenue generation, fueling the growth of the market.

Based on the above-mentioned factors, the market for anti-aging products, services and devices is expected to expand at a moderate rate of more than 5.20% CAGR during the assessment period of 2021 and 2031.

“Rising research and development initiatives aimed at developing advanced products, meeting the growing demand for retinol-rich and anti-acne creams among consumers, creates wide opportunities for key players,” says the analyst of the IMF.

Prominent players:

  • Allergan Inc.
  • Beiersdorf AG
  • L’Oreal SA
  • Coty Inc.
  • Cynosure Inc.
  • Personal Microderm (PMD)
  • Age Sciences Inc.
  • Lumenis Ltd.
  • Solta Medical Inc.
  • Nestle

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Key Insights from FMI’s Anti-Aging Products, Services and Devices Market Research

  • In terms of application, anti-wrinkle treatment is expected to be the largest segment in terms of revenue
  • Cellulite treatment will experience robust growth due to the growing number of people undergoing this procedure in the US and UK
  • The United States is expected to register strong demand, leading the North American market during the forecast period
  • The UK and France will experience steady growth due to aging populations and the growing prevalence of skin disorders in the region
  • Driven by a growing demand for anti-aging products among the aging population, Germany saw notable growth, accounting for 15% global market share
  • India is expected to become a lucrative market supported by the high demand for cellulite treatment and chemical peels in the country.

“Rising research and development initiatives aimed at developing advanced products, meeting the growing demand for retinol-rich and anti-acne creams among consumers, creates wide opportunities for key players,” says the analyst of the IMF.

Key Points Covered in the Anti-Aging Services and Devices Market Study

  • Anti-Aging Services and Devices Market Estimates and Forecasts 2021-2031
  • Key drivers and restraints impacting market growth
  • Analysis by segment, by country and by region
  • Competitive Mapping and Benchmarking
  • Brand share and market share analysis
  • Main product innovations and regulatory climate
  • Impact of COVID-19 on the Anti-Aging Services and Devices Market and How to Navigate
  • Recommendation on the main winning strategies

Competitive landscape

Major players in the market are focusing on strategic mergers and collaboration to expand their global footprint in the market.

New product launches coupled with increased research and development activities for the development of advanced anti-aging products and devices will also be one of the key strategies to enhance their customer base for market players.

For example, in December 2020, Devonian Health Group, a global clinical-stage botanical pharmaceutical company, announced the launch of global sales and marketing partnerships for R-Spinasome anti-aging technology.

Also, in January 2021, Aptar Beauty, announced the development of its first airless roll-on capsule for LightinDerm Skincare Device.

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Anti-Aging Product Services and Devices Market by Category

Per 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

For detailed information, download a PDF brochure: https://www.futuremarketinsights.com/reports/brochure/rep-gb-1661

By region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • China
  • Japan
  • Asia Pacific excluding Japan (APEJ)
  • Middle East and Africa (MEA)

About Future Market Insights (IMF)
Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.

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