“Global Anti-Aging Services and Surgical market is anticipated to reach $40.76bn by 2029”, says Visiongain report
04 September 2019
Visiongain has launched a new pharma report Anti-aging Services & Surgical Market Report 2019-2029: By Product (Anti-stretch Mark Products, Anti-Wrinkle Products, Botox, Dermal Fillers, Hair Color, UV Absorbers), Services (Anti Pigmentation Therapy, Adult Acne Therapy, Breast Augmentation, Liposuction Services, Abdominoplasty, Chemical Peel, Eye-Lid Surgery, Hair Restoration Services, Sclerotherapy), Device (Anti-Cellulite Treatment, Micoderm Abrasion, Laser Aesthetic, Radiofrequency) and Geography
Global Anti-aging services and surgical market is anticipated to grow on account of rapidly ageing, increasing beauty and health awareness among generation X and Y, and affluent baby boomer population. The global Anti-aging services and surgical market is anticipated to grow at a lucrative CAGR of 5.6% and anticipated to reach USD 40.76 Million by 2029.
Significant increase in worldwide demand for anti-aging products, services and processes is directly linked to the increasing incidence of women's skin cancer. The American Plastic Surgeons Society observed that each of five American females is at danger of developing skin cancer, increasing rapidly over the past three decades. Most skin cancers grow on the body, such as basal cell carcinoma and squamous cell carcinoma, and can be quite disfiguring. This fuel the demand for appropriate reconstructive anti-aging processes. Nose is the main region impacted in the anti-aging industry, followed by cheeks, ears and forehead.
North America holds majority of market share followed by Europe and will continue to dominate in the future as a result of surging incidences of sedentary lifestyle, rising concerns regarding signs of aging, and technological advancements among other prominent factors to boost the growth of the market in this region. Asia Pacific region is expected to experience the highest growth in terms of CAGR over the forecast period owing to growing awareness in developing regions such as Japan, China and India.
Ageing is a worldwide problem, especially in South Korea, Japan, and China –nations most impacted by a fast-growing population. It makes sense, therefore, that these North Asian markets are at the forefront of Asia Pacific's anti-aging beauty. The increasing silver generation of the region is opening up possibilities for anti-aging surgery to capitalize on the' gray wave.'
Currently, key players are forming various strategies such as acquisitions, mergers, partnerships, collaborations and launching new products in order to strengthen their position in the global anti-aging services and surgical market. Companies are also expanding their R&D, distribution, and management facilities in order to expand their business and to hold a competitive edge in the market. For instance, Ellipse A / S was acquired by Syneron Medical Ltd. in September 2018 which would help company to strengthen its position and provide a comprehensive portfolio for skin aesthetic treatments.
The comprehensive market report features companies such as Alma Laser, Beiersdorf AG, Cynosure, Inc., L'Oréal SA, Lumenis Ltd, Nu Skin Enterprises, Peptron, Personal Microderm (PMD), Photomedex, Solta Medical Inc. (Valeant Pharmaceuticals), and SomaDex among other prominent players.
Also the research study offers market estimation and forecast for the period ranging 2019–2029 for global markets such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and MEA along with regional sub-markets as U.S., Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Nordic, Benelux, Russia, Poland, India, Japan, China, Australia, ASEAN, GCC, South Africa and North Africa.
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