In the last few years, the Anti-Aging Services Market has registered a positive trend including a high increase in demand which reflects a rising emphasis on health, fitness, and keeping up young looks among society. The vibe of this market is driven by an array of factors including more sophisticated skincare technology, an escalating demographic of aging people and an escalating health consciousness.
Technology-driven capabilities in anti-aging treatments is the leading trend for market changeover. Innovations like laser, radiofrequency or minimally invasive procedures have emerged and have shown to be more effective and acceptable to the consumers than before. In the same vein, this is reflective of the industry's desire to ensure that anti-aging treatments are secure, reliable, and effective.
Also, consumer trends have experienced a revolution worldwide in the way people have shifted interest from conventional to natural and organic anti-aging products. This change is driven by the fact that consumers are more and more completely aware of the possible adverse consequences connected with their artificial ingredients intake. In keeping with the trend of more discriminating consumers, the request for botanical extract, vitamins and plant based formulations that offer anti-aging benefits is not usually dichotomized.
When it comes to type of market influence that the aging population has, it is without doubt that this is a demographic determinant worth mentioning that the demographic trend shows no signs of slowing down. It can be seen that more and more people started to dismiss signs of aging that are visible and this resulted in an increasing demand for anti-aging services. And this movement goes equally for any sphere, and is a global phenomenon — people strive for the ideal of being young and healthy.
The presence of social media channels, is another marker to sales growth on the market as users are getting more connected to videos and posts describing the signs of aging care. The striving for keeping a well-youth-look is taken for granted among current generations being fed with such an idea nowadays that make counseling sector so busy. Celebrities and influencers who are seen advocating for this services on different platforms are amongst the trends and consequently acceptance of these medical procedures increases.
Apart from this, the growing trend of men seeking anti-aging treatments is also becoming common in these markets. Being mostly considered stereotypically as a female-friendly industry, this seemingly formal divide is gradually fading away as men decide to be more involved in aging concerns. Such ever-changing demographic background escalates the chances for entrepreneurs to expand their product and service lines that meet the particular requirements of men in the market.
Anti-Aging Services Market Size was valued at USD 8.59 Billion in 2023. The Global Anti-Aging Services industry is projected to grow from USD 9.08 Billion in 2024 to USD 14.30 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.84% during the forecast period (2024 - 2032). Anti-ageing is used to fight the signs of ageing. It can be skin ageing, wrinkles and sagging skin. However, most of these services used for treatment are of ageing symptoms. However, people use it to reduce the signs of ageing. The most common causes of skin ageing are sun damage and rigorous exposure to free radicals. It is natural that with time the skin naturally ages, and people may notice the signs when they start entering the age of thirty-five to fifty. As most anti-ageing procedures and services are for cosmetic regions, they are not covered by insurance. Some anti-ageing benefits are microdermabrasion, liposuction, chemical peeling of the skin, and breast augmentation. Anti-ageing targets a lot of things. It is not only for those who want to decrease the signs of ageing but also for young people who want to delay the ageing process. Many people are exposed to the environment, and the ageing process is decreasing for other reasons. The rise in the ageing population is one of the major driving factors. In the forecast period, it will hold the required growth.
In November 2022, the Caviar Anti-Aging Restructuring Bond Repair Collection was launched by Alterna in Canada.
LR Health and Beauty launched the ZEITGARD PRO cosmetic device for home use with interchangeable beauty tools in October 2022. Each tool has a different function, such as anti-aging.
Sofwave launched Synchronous Ultrasound Parallel Beam – a technology utilizing ultrasound rays approved by the FDA for firming facial and neck skin as well as lifting eyebrows and chins during the International Congress on Medical Aesthetics and Anti-Aging held in Tel Aviv in October 2022.
The Derma E also introduced an anti-wrinkle line at Walmart stores across USA Natural face care section in September 2022.In addition, increasing mid-aged population (30-55 years old) globally will help boost demand for anti-wrinkles and anti-stretch thereby encouraging growth within the studied segment.
Furthermore, Revelle Aesthetics introduced a revolutionary cellulite device known as Aveli in May 2022. It is an FDA-approved launch that provides visible results from a single office visit for women with cellulite.
The anti-aging services market has been segmented into type of service and service provider.
Based on type of service, the anti-aging services market has been segmented into microdermabrasion, breast augmentation, liposuction, chemical peel, sclerotherapy, intense pulsed light, Botox treatment, dermal fillers, and others. The microdermabrasion segment is expected to account for the largest share in the anti-aging services market in 2017. This large share is majorly attributed to the wider acceptance of the procedure, increasing acceptance in different regions, better patient compliance and better results as compared to other services. The liposuction segment is projected to hold the second largest market during the forecast period of 2018 to 2023.
Based on service providers, the anti-aging services market has been segmented into hospitals, dermatology clinics, salons, and others. The dermatology clinics segment is expected to account for the largest share in the anti-aging services market in 2017 followed by hospitals segment. The major share of the dermatology clinics is mainly attributed to the wide range of anti-aging services provided by these specialty clinics and
Based on the regions, the market for hair removal devices is segmented into, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The anti-aging services market in the Americas region has further been segmented into North America and Latin America, where-in the North American market is further divided into the US and Canada.
European Anti-aging Services Market has been segmented into Western Europe and Eastern Europe where-in Western Europe region is further divided into Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The Market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Market in the Middle East & Africa has been segmented into regions such as the Middle East and Africa.
Regional Market Summary
Geographically, the Americas is anticipated to dominate the anti-aging services market owing to the well-developed healthcare infrastructure, high disposable income, high awareness about the body aesthetics, and increasing adoption of the anti-aging services by people in the US. Moreover, the huge influence of the fashion and film industry in the US has played an important role in generating demand for the beauty and aesthetic services including anti-aging. All these factors are responsible for the growth in the region.
Europe is expected to hold the second largest market share in the anti-aging services market. The anti-aging services market growth in this region is majorly attributed to the growing popularity of aesthetic treatments, a high number of old age people, and increasing acceptance of anti-aging treatments in the region. Similarly, the Asia-Pacific region has observed a rapid growth in the market owing to the growing disposable income and demand for cost-effective anti-aging service. Besides, increasing beauty consciousness in developing countries and rapidly growing medical tourism industry is also expected to generate growth opportunities in the untapped markets of the Asia-Pacific region. The Middle East & Africa region is anticipated to show minor growth opportunities in the market during the forecast period.
Market Of Anti-Aging Services, by Key Players
Recent Development
In May 2022
Eyden Skin is thrilled to announce to the Dallas community that they are opening their new medspa downtown. They are a full-service medspa and offer various spa services, including cosmetic injectables, skin treatments, IV therapy, vitamin injections, and hair restoration.
4Ever Young Anti-Aging Solutions hosted a ribbon-cutting ceremony in Parkland, adding a third corporate location to a heavy-hitting portfolio that includes locations in Ft. Lauderdale and Boca Raton. A brand that began expansion in 2017 has 8 franchises in operation. It is looking to welcome over 50 by the end of the year.Intended Audience
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