The global anti-aging services market is likely to spur at a CAGR of 5.4% during the forecast period and expand from the value of USD 21.39 billion in 2017. This growth is primarily attributable to the increasing elderly population coupled with desire to look young and beautiful. Aging damages to the macromolecules, cells, tissues and may result into epigenetic alterations, genomic instability, loss of proteostasis, cellular senescence, mitochondrial dysfunction, and stem cell exhaustion.
In addition to this, increasing influence of media or film industry in daily life is boosting demand for the anti-aging drugs and services. In order to cater to this demand, the key players are investing heavily for development of more effective and less harmful drugs and treatments are driving growth of the global anti-aging services market. Despite of these factors, the high cost of surgical procedures or treatments and risk of potential side effects of these treatments are some of the factors that may hamper its adoption and resulting to slow growth of the global anti-aging services market to some extent.
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Competitive Analysis:
Some of the major companies in the global anti-aging services market include Allergan Inc., Alma Lasers, Beiersdorf AG, Cutera Inc., Cynosure Inc., Elizabeth Arden, Estee Lauder Inc., Lumenis, Procter & Gamble, Solta Medical Inc.
Segmentation:
The anti-aging services market is segmented on type of service, service provider, and region.
Based on type of service, the market is segmented into breast augmentation, microdermabrasion, liposuction, sclerotherapy, chemical peel, intense pulsed light, dermal fillers, Botox treatment, and others. Among these, the microdermabrasion segment held largest share in the global anti-aging services market in 2017 and is estimated to remain larger share holder in the coming years. This growth is attributable to the wider acceptance of the procedure, better patient compliance, increasing acceptance in different regions. Additionally, the better results are estimated to remain as a trend in coming years, which is likely to benefit the market growth.
By the service providers, the market is segmented into dermatology clinics, hospitals, salons, and others. Of these, the dermatology clinics segment held larger share in the global market for anti-aging services market in 2017 and is anticipated to account remain dominant in the global anti-aging services market during the forecast period.
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