According to the latest report by IMARC Group, titled “Anti-Aging Market: Global Industry Trends, Size, Share, Growth, Opportunity and Forecast 2022-2027”, the global anti-aging market size reached US$ 62.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 93.1 Billion by 2027, exhibiting a growth rate (CAGR) of 6.74% during 2022-2027.
Industry Overview and Application:
Aging occurs as a result of a cycle of biochemical processes that cause the body to degenerate over a period of time, affecting the health, fitness, and physical appearance of a person. Anti-aging represents the process of limiting or slowing down these changes by utilizing various products and services. It ensures a relatively good physical appearance, which has become a necessity and can determine the success of an individual in several areas of life.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The global Process spectroscopy industry is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
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Anti-Aging Market Trends and Drivers:
The growing beauty consciousness among both young and old consumers is primarily driving the global anti-aging market. Moreover, numerous technological advancements and the rising investments in research and development (R&D) activities are leading to the introduction of novel anti-aging treatments, including plastic surgeries, botulinum toxin injection therapies, breast implants, etc., which offer long-term results. This, in turn, is further catalyzing the market growth. Besides this, the launch of safer and more efficient anti-aging products, which provide quick results to the consumers, is acting as another significant growth-inducing factor. Furthermore, the increasing accessibility and availability of these products, owing to the expansion of specialty stores, is also augmenting the global market. In line with this, anti-aging products are widely sold via online stores, salons, spas, specialist retail shops, direct response television, such as infomercials and home shopping channels, etc. This is expected to bolster the anti-aging market over the forecasted period. Looking forward, IMARC Group expects the global market to reach a value of US$ 88.30 Billion by 2026, exhibiting a CAGR of 7.10% during 2021-2026.
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Anti-Aging Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
- Estee Lauder
- Procter & Gamble
The report has segmented the global anti-aging market on the basis of demography, industry, product types, devices and technology and country.
Breakup by Demography:
- Age Group
Breakup by Industry:
- Skin Care Industry
- Hair Care Industry
- Dental Care Industry
Breakup by Product Types:
- Anti-Wrinkle Products
- Anti-Pigmentation Products
- Sunscreen Products
- Hair Care Products
Breakup by Devices and Technology:
- Microdermabrasion Devices
- Aesthetic Energy Devices
- Competitive Landscape
Breakup by Country:
- United Kingdom
- United States
- South Korea
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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