As per the FMI’s revised market report, sales of anti-aging product services and devices accumulate a present valuation of USD 60,764.40 million in 2024. Going by this trend, the anti-aging product service market amplifies and equates to a market worth USD 1,01,843.40 million, with a steady CAGR of 5.30% by 2034.
The proliferating debut of safe and efficient anti-aging products owing to stringent regulations augments the anti-aging product service and device market expansion. This urged anti-aging product device manufacturers to concentrate on product efficiency and quality. This intensifies the investment in research and development strategies and the advent of cutting-edge anti-aging products.
| Attributes | Details |
|---|---|
| Market Value for 2024 | USD 60,764.40 million |
| Market Value for 2034 | USD 1,01,843.40 million |
| Market CAGR from 2024 to 2034 | 5.30% |
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The anti-aging product service market has experienced considerable technological advancements, particularly in skin care products and treatments.
This comprises progressions such as laser therapy, microdermabrasion, radiofrequency devices, and LED light therapy systems, which target various signs of aging. In light of this trend, it is reasonable to suggest that an amplification in the anti-aging product market growth is seen.
Combination therapies involving the simultaneous adoption of multiple anti-aging products have gained recognition. This perspective delivers more thorough outcomes by simultaneously targeting various factors of aging. It can be inferred that an escalation in sales of anti-aging product services and devices is experienced.
| Attributes | Details |
|---|---|
| Market Value for 2019 | USD 36100.72 million |
| Market Value for 2023 | USD 60,462.10 million |
| Market CAGR from 2019 to 2023 | 9.80% |
The segmented anti-aging product service and device market analysis is included in the following subsection. Based on inclusive probes, the anti-wrinkle treatment segment is controlling the application category. Likewise, the moisturizers segment is dominating the product type category.
| Segment | Anti-wrinkle Treatment |
|---|---|
| Share (2024) | 24.70% |
An expedition to look beautiful and have younger-looking skin thrusts the demand for anti-wrinkle treatments globally. FMI analysts comment that anti-wrinkle products have the leading sales in the market share, enticing the maximum revenue.
The mounting inclination among people to look young and decelerate the aging process has intensified the demand for anti-wrinkle treatments. The anti-wrinkle treatment demand is likely to be augmented with the advancing influence of social media.
| Segment | Moisturizers |
|---|---|
| Share (2024) | 18.80% |
With a concentration on hydration and skin barrier protection, moisturizers denominate fundamental issues collectively to a vast consumer base, escalating the anti-aging product service demand. The amplifying consumer awareness as per preventive skin care measures magnifies the moisturizer segment.
The versatile adoption of moisturizers proffers to a widespread range of consumer needs, escalating consistent demand. Moisturizers are a foundational product in skincare and serve as an entry point for consumers into anti-aging treatments, ushering sales of anti-aging product services and devices.
The market can be observed in the subsequent tables, which focus on the leading regions in North America, Europe, and Asia Pacific. A comprehensive evaluation demonstrates that Asia Pacific has enormous market opportunities for anti-aging product devices and services.
Anti-Aging Product Services and Devices Sales Analysis in North America
| Countries | CAGR (2024 to 2034) |
|---|---|
| United States | 1.80% |
| Canada | 2.60% |
Technological progress and close attention to beauty and wellness thrust the anti-aging product service and device market upwards in the United States. The escalating perception about the usefulness of skincare and healthy aging elevates the adoption of anti-aging solutions in the United States.
Regulatory laws and rules accentuating safety and efficiency widen the prospect of anti-aging products and services in Canada, facilitating consumer trust. Consumers progressively prioritize precautionary skincare actions, ushering in the demand for anti-aging products and services in Canada.
Potential for Anti-Aging Product Market in Europe
| Countries | CAGR (2024 to 2034) |
|---|---|
| France | 4.750% |
| Spain | 4.530% |
| Italy | 4.310% |
| Germany | 3.800% |
| United Kingdom | 3.200% |
The customers in France reflect an inclination for premium anti-aging products, indicating an eagerness to invest in effective solutions. The anti-aging product service and device market witnesses a positive trend towards customized anti-aging product devices and services, Gratifying diverse skin types and concerns in France.
A desire for organic and eco-friendly products sculpts Italy's anti-aging product service and device market, indicating an evolving eco-consciousness among consumers. The beauty culture in Italy concentrates on timeless elegance, affecting the innovation of anti-aging products that aim to augment natural beauty, which amplifies sales of anti-aging product service and devices.
Impacted by Mediterranean beauty ideals, Spain's market stresses the significance of sun protection and way of life factors in tackling aging. Spanish consumers favor multifunctional anti-aging products that deliver convenience and productivity in skincare routines, intensifying the market growth.
Opportunities in the Asia Pacific Anti-Aging Product Market
| Countries | CAGR (2024 to 2034) |
|---|---|
| India | 7.80% |
| Malaysia | 5.30% |
| Thailand | 5.70% |
| Indonesia | 4.80% |
India's anti-aging product service and device market is thrusted by an elevating size of the middle-class population on the lookout for youthful solutions. The conventional Ayurvedic activities consolidate with modern anti-aging product devices and service trends, amplifying India's anti-aging product market remarkably.
The spurring urbanization and cognizance proliferate the demand for anti-aging products and services in India. India's diverse cultural influences deliver an assorted landscape for anti-aging product innovations. The Indian anti-aging market notices a boom in demand for organic and environment-friendly skincare solutions.
Malaysia's tropical climate stimulates demand for anti-aging products customized for exposure to humidity and sun. Multicultural effects in Malaysia add up to a diverse range of anti-aging preferences, proliferating sales of anti-aging product services and devices.
Malaysia seeks technological progression in anti-aging treatments and devices to intensify the market growth.
Augmenting health awareness among Thai consumers soars the demand for anti-aging products. Thailand's encouragement as a destination for cosmetic procedures advances its anti-aging market. Imaginative spa treatments and comprehensive wellness approaches carve Thailand's market delivery.
The persistent desire to look young and have flawless skin has gained traction in anti-aging product market expansion and competition. To dominate the competition, major anti-aging product service and device vendors are presenting innovative and practical items.
The two main strategies anti-aging product service and device producers have used to compete are combination therapies and product launches. To develop innovative products, anti-aging product service providers are working together and forming partnerships with leading brands to increase their customer base and attract a global audience.
Amplifying adoption of social media and heightened consumer awareness of skincare products force the major anti-aging product service and device producers to generate innovative and efficient equipment to meet the rapidly growing market to earn lucrative income.
Pre-eminent Progressions
| Company | Details |
|---|---|
| Sofwave | Synchronous Ultrasound Parallel Beam, an anti-aging technique developed by Sofwave based in Israel was instigated in October 2022. It received the approval of FDA for the purposes of firming skin on the face and neck and lifting up the chin and eyebrows. This was presented at the International Congress on Medical Aesthetics and Anti-aging in Tel Aviv. |
| LR Health and Beauty | LR Health and Beauty, headquartered in Germany set forward the ZEITGARD PRO, a home cosmetic gadget with replaceable beauty equipment and devices, in October 2022. |
| Crescita Therapeutics Inc. | A significant commercial dermatology competitor based in Canada, Crescita Therapeutics Inc., stated in January 2021 that it received a certification for its New Cellular Treatment Factor and new ART FILLER product line in Canada from Laboratories FILMED. |
| Merck KGaA | A collaborative agreement was signed in August 2021 between Merck KGaA, headquartered in Germany, and Pechoin Group, a Chinese cosmetics company, to devise herbal technology and send to market a new product line named the Pechoin Zhenyan anti-wrinkle repair series. |
| AdventHealth Nicholson Center | A formal joint venture was confirmed in March 2021 between Lumenis Ltd, a manufacturer of energy-based medical devices, and AdventHealth Nicholson Center (rooted in Orlando, Florida), a medical research and training center. The partnership aims to set up a committed Center of Excellence as a medical training initiative. |
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The anti-aging product device market to obtain a worth of USD 60,764.40 million in 2024.
The anti-aging product service market has the flair to accumulate a valuation of USD 1,01,843.40 million by 2034.
The anti-aging product device market denotes a moderate CAGR of 5.30% between 2024 and 2034.
The anti-aging product service market accelerated at an HCAGR of 9.80% between 2019 and 2023.
The anti-wrinkle treatment sector is set to attain a share of 24.70% in 2024.
The moisturizers segment to procure a share of 18.80% in 2024.
| Projected (2024) Market Size | USD 10,922.2 Million |
|---|---|
| Forecasted (2034) Market Size | USD 20,502.5 Million |
| Value CAGR (2024 to 2034) | ~6.5% |
| Estimated Size, 2024 | USD 6,984.7 million |
|---|---|
| Projected Size, 2034 | USD 15,398.7 million |
| Value-based CAGR (2024 to 2034) | 8.2% |
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