Anti Ageing Drugs Market Analysis

In-depth Analysis of Anti Ageing Drugs Market Industry Landscape

The number of older people in the world is increasing, and this is having a positive impact on the market. In 2016, the Population Reference Bureau predicted that by 2060, there will be 98 million Americans aged 65 and older. The United Nations also estimates that by 2050, Asia will be home to around 857,040 older individuals. Globally, in 2018, there were approximately 962 million people aged 60 or over, making up 13% of the total global population. This aging population contributes to the growth of the anti-aging drugs market, as the demand for these drugs increases with age-related skin issues like wrinkles.

The demand for facial aesthetic treatments, products, and services is on the rise worldwide. These products offer benefits to the skin without the need for major surgeries, making them popular among patients. The increasing number of medical aesthetic practices, including medspas, has made these procedures more accessible and contributed to their growing popularity.

Developing regions, particularly in Asia, such as China, India, and South Korea, are witnessing a substantial demand for anti-aging methods. These countries play a significant role in the global anti-aging drugs market and are expected to remain the largest national markets in the region. South Korea, in particular, is experiencing significant growth, driven by widespread acceptance of cosmetic procedures, strong media influence, and affordable product prices. South Korea has also become a major destination for cosmetic tourism.

Corporate agreements are also playing a role in boosting the market in the Australian region. For example, Ipsen and Galderma have entered into a five-year exclusive agreement allowing Galderma to distribute and market Dysport for aesthetic use in Australia. This type of collaboration helps expand the market reach and availability of aesthetic products in different regions.

In summary, the increasing geriatric population is a key factor influencing the growth of the market. The demand for facial aesthetic treatments is also on the rise globally, with developing regions like Asia contributing significantly. Corporate agreements further contribute to market growth by facilitating the distribution and marketing of aesthetic products in various regions. The combination of these factors is driving the expansion of the anti-aging and facial aesthetics market worldwide.