The global anti-aging services and devices industry will reach $101.8 billion by 2034 at 5.3% CAGR

The global anti-aging services and devices industry is poised for significant growth, according to a revised market report from Future Market Insights (FMI). Currently, the market is valued at approx $60.8 billion in 2024 and is projected to reach staggering levels $101.8 billion until 2034. This translates into a constant compound annual growth rate (CAGR) by 5.3%reflecting growing consumer interest in preventive and rejuvenating solutions.

Key growth drivers of the global anti-aging products and devices industry:

Focus on safety and effectiveness: The introduction of safe and effective anti-aging products, driven by more stringent regulations, is boosting market expansion. A focus on safety forces anti-aging device manufacturers to prioritize product quality and performance.
Increased investment in research and development: Strict regulations force manufacturers to invest in research and development (R&D) to develop cutting-edge anti-aging solutions. This constant innovation is driving the market development.

Although aging is an internal biological process, the impact of external factors such as air pollution, exposure to harmful UV radiation and alcohol consumption cannot be underestimated due to their role in skin cell damage and premature aging. Anti-aging creams and balms that help maintain skin’s moisture and youthful glow have become essential parts of modern life.

Get a sample copy of the report now.
https://www.futuremarketinsights.com/reports/sample/rep-gb-1661

The increasing incidence of skin diseases such as atopic dermatitis, melanoma and non-melanoma skin cancer will increase the use of anti-aging therapies.

Growing awareness about skin care routines and the growing need for younger-looking skin has increased sales of products rich in retinol, moisturizers and wrinkle-reducing dermal fillers among women.

Another key factor responsible for revenue growth in the anti-aging market is promotion and advertisements featuring celebrities endorsing the products and treatments.

Hence, key players are adopting various strategies to enhance revenue generation, fueling the growth of the market.

Key findings from FMI’s global study of the anti-aging services and devices industry

In terms of application, anti-wrinkle treatments are expected to be the largest revenue segment
Anti-cellulite treatment will expand significantly due to the increasing number of people undergoing this procedure in the US and UK
The United States is expected to see high demand during the forecast period and will lead the North American market
The UK and France will see continued growth due to an aging population and the increasing incidence of skin diseases in the region
Driven by the growing demand for anti-aging products among an aging population, Germany has experienced significant growth, including 15% share in the world market
India is expected to become a lucrative market, supported by the high demand for cellulite treatments and chemical peels in the country

Segments Global anti-aging services and devices industry

By application:

Anti-pigmentation therapy
Anti-cellulite treatment
Anti-wrinkle treatment
Acne management
Scar treatment
Others

By product type:

Creams
Humidifiers
Retinols
Dermal fillers
Botulinum toxin
Chemical skins
Cellulite treatment
Non-surgical fat tissue reduction
Others

By distribution channel:

Dermatology clinics
Hospitals, pharmacies, drugstores
Rejuvenation centers
Others

Competitive environment

Prominent market players are focusing on strategic mergers and collaborations to expand their global reach in the market.

New product launches combined with intensified research and development activities aimed at developing advanced anti-aging products and devices will also be one of the key strategies to increase the customer base for market participants.

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

Additionally, in January 2021, Aptar Beauty announced the development of the first airless roll-on capsule for the LightinDerm skin care device.

Improve your market understanding – Buy now!
https://www.futuremarketinsights.com/checkout/1661

Author

Sabyasachi Ghosh (Assistant Vice President of Future Market Insights, Inc.) has over 12 years of experience in the healthcare, medical device and pharmaceutical industries. His curious and analytical nature helped him shape his scientific career.

Identifying the key challenges clients face and developing robust, hypothesis-driven solutions that empower them to make strategic decisions comes naturally to him. His core expertise includes areas such as go-to-market and expansion strategy, feasibility studies, competitive intelligence and strategic transformation.

With a degree in microbiology, Sabyasachi has authored numerous publications and has been cited in journals including The Journal of mHealth, ITN Online and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award winner and member of the Greater New York Chamber of Commerce) offers in-depth knowledge of the drivers of market demand. FMI is a leading global provider of market information, advisory, consulting and events services for the packaging, food and beverage, consumer technology, healthcare, industrial and chemicals markets. With a massive team of over 400 analysts worldwide, FMI provides global, regional and local expertise in a variety of domains and industry trends in over 110 countries.

Contact us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Apartment 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
Sales inquiries: [email protected]
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | Youtube