WASHINGTON, June 13, 2022 (GLOBE NEWSWIRE) -- Vantage Market Research’s recent analysis of the Global Anti Aging Market finds that the increasing demand for the anti-stretch mark and anti-wrinkle products is expediting market growth. Primarily driven by growing emphasis on promotional strategies, the total Global Anti Aging Market is estimated to reach USD 88.1 Billion by the year 2028.
The Global Market revenue stood at a value USD 59.1 Billion in the year 2021 and is expected to grow exhibiting a Compound Annual Growth Rate (CAGR) of 6.9% during the forecast period.
Furthermore, the growing lifestyle standards and income is also anticipated to augment the growth of the Global Anti Aging Market, states Vantage Market Research, in a report, titled “Anti Aging Market Size, Share & Trends Analysis Report by Product (Anti-Wrinkle, Hair Color, Ultraviolet (UV) Absorption, Anti-Stretch Mark), by Treatment (Hair Restoration, Anti-Pigmentation, Adult Acne Therapy, Breast Augmentation), by Demography (Generation X, Baby Boomers, Generation Y, Generation Z), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)”.
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Rising Demand for the Anti-stretch Mark and Anti-wrinkle Products to Drive the Market Growth
Stretch marks are generated when the skin stretches or shrinks quickly. The sudden changes lead in collagen and elastin to split which supports the skin. The growing demand for anti-stretch mark products is owing to the increasing rate of obesity, particularly among the aging population. Further, the growing inclination of major key players on the launch of advanced devices and products for the treatment of stretch marks are anticipated to fuel the growth of the market in the years to come. On the other hand, the anti-wrinkle products are also anticipated to witness a notable growth rate owing to the growing awareness regarding the availability of products and the increasing older population. Thus, owing to the aforementioned factors, the market is expected to grow significantly over the forecast period.
Growing Emphasis on Promotional Strategies to Stimulate Market Growth
Owing to the presence of many competitors in the Global Anti Aging Market, competition has increased, resulting in the use of enhanced marketing and promotion techniques. The main aim of marketing and promotions is to create an image in the mind of potential consumers and reach many consumers to increase the customer base. Each company is working toward capturing more market share and attracting customers to its brand. Also, the advancements in technology, as well as huge investments in research and development activities, have led to the introduction of new anti-aging treatments and products, such as plastic surgeries, breast implants, botulinum toxin injection therapies, etc. which offer long-term results. Strict rules and regulations have encouraged the manufacturers to introduce safer and more efficient anti-aging products which provide quick results to the consumers, in turn, increasing the growth prospects of the market.
Key Insights & Findings from the Report:
According to our primary respondents’ research, the Anti Aging market is predicted to grow at a CAGR of roughly 6.9% during the forecast period.
The Anti Aging market was estimated to be worth roughly USD 59.1 Billion in 2021 and is expected to reach USD 88.1 Billion by 2028; based on primary research.
On the basis of region, Asia Pacific is projected to dominate the worldwide Anti Aging market.
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Segmentation of the Global Anti Aging Market:
Ultraviolet (UV) Absorption
Adult Acne Therapy
Middle East & Africa
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments across the world implemented strict lockdown measures and social distancing norms in order to restrict the swift spread of the pandemic. Manufacturing facilities around the world were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pandemic might lead to a significant delay in the commercial roll-out of the healthcare industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
Impact Assessment of COVID-19 Pandemic
Middle East & Africa
Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
Key Strategies Undertaken by Companies to Tackle COVID-19
Long Term Dynamics
Short Term Dynamics
The report on Anti Aging Market highlights:
Assessment of the market
COVID Impact Analysis
Historic Data, Estimates and Forecast
Global and Regional Dynamics
North America Dominated the Global Anti Aging Market
North America dominated the Global Anti Aging Market in 2021 and is likely to continue the same trend during the forecast period. China, South Korea, Japan, and India are observed to be the most attractive destinations for cosmetic surgeries, and governments of these countries are promoting medical tourism for cosmetic surgeries which is believed to be one of the market drivers for this region.
Browse market data Tables and Figures spread through 147 Pages and in-depth TOC on "Anti Aging Market Size, Share & Trends Analysis Report by Product (Anti-Wrinkle, Hair Color, Ultraviolet (UV) Absorption, Anti-Stretch Mark), by Treatment (Hair Restoration, Anti-Pigmentation, Adult Acne Therapy, Breast Augmentation), by Demography (Generation X, Baby Boomers, Generation Y, Generation Z), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)" View detailed Research Report here - https://www.vantagemarketresearch.com/press-release/anti-aging-market-021769
List of Prominent Players in Anti Aging Market:
The Procter & Gamble (P&G) Company
Nu Skin Enterprises Inc.
Pierre Fabre S.A.
Shiseido Company Limited
Home Skin ovations Ltd.
The Estée Lauder Companies Inc.
Spectrum Brands Holdings Inc.
Project E Beauty
Jeisys Medical Inc.
Koninklijke Philips N.V.
Amore pacific Corporation
Beauty Bioscience Inc.
April 2020: Galderma SA received approvals from the National Medical Products Administration (NMPA) of China for three products, namely Restylane Vital, Restylane Lidocaine, and Restylane Lyft Lidocaine, which helped in the expansion of the Restylane portfolio in China. These products were developed to improve skin appearance and act as a skin booster.
October 2019: The Cynosure division of Hologic Inc. launched a non-invasive electromagnetic technology, called Stim Sure, in Europe and the Middle East. The technology helps strengthen and tighten muscles in the abdominal, gluteal, and thigh areas by stimulating or contracting the muscles. It delivers up to 24,000 muscle contractions in 20–30 minutes, for natural-looking results.
Key questions answered in the report:
Which regional market will show the highest and rapid growth?
Which are the top five players of the Anti Aging Market?
How will the Anti Aging Market change in the upcoming six years?
Which application and product will take a lion’s share of the Anti Aging Market?
What is the Anti Aging market drivers and restrictions?
What will be the CAGR and size of the Anti Aging Market throughout the forecast period?
This market titled “Anti Aging Market” will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years
Region & Counties Covered
• North America
• The Procter & Gamble (P&G) Company
Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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