Anti-aging Services Market By Type (Microdermabrasion, Liposuction, Breast Augmentation, Chemical Peel, Sclerotherapy, Botox, Dermal Fillers and Others), By Demographics (Baby Boomers, Generation X and Generation Y) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

The anti-aging services market is set to reach from US$ 22,518.8 Mn in 2017 to US$ 35,597.9 Mn by 2026 at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2018 to 2026. Aging is a biological process of becoming older, characterized by changes in physical appearance such as greying hair, wrinkles on the face, saggy skin, and decreased skin tone and texture. In addition, oxidative stress and unhealthy eating habits stimulate the formation of free radical species, which promotes cellular aging. Rising external appearance consciousness and the availability of a diverse range of anti-aging products drive the anti-aging services market growth. 

Market Synopsis

"Increasing obesity and technological advancement have led to the market growth for liposuction procedures."

Liposuction procedures are reigning the type segment for the anti-aging services market. The key attributes responsible for its increasing demand are the rising prevalence of obesity due to an unhealthy lifestyle and craving for junk food. In addition, technological advancement in surgical procedures related to liposuction of abdominal fat and proactive marketing via social media consolidates the liposuction procedure market growth. Botox is gaining tremendous attraction from the baby boomer population, and the recent announcement of positive clinical trial studies of botox's high dose tolerance in patients suffering from glabellar lines.

"Increasing aging process due to stressful lifestyle and active participation on social media bolster generation X market growth for anti-aging services."

Generation X is dominating the demographics segment for the anti-aging services market. The generation born between 1965 to 1980 is called generation X. Currently, they are being exposed to immense stress at the workplace and are highly active on the social media platform, hence increasing anti-aging products brand awareness among their population base. On the other hand, generation Y is set to enjoy rampant growth during the forecast period owing to increasing demand for popular luxury skincare brands such as Elizabeth Arden and Estee Lauder. It comprises millennial consumers who actively follow the latest fashion trends, and growing consciousness for external appearance consolidates the anti-aging services market growth.

"Rising aged population and increasing demand for physical aesthetics and wellness drive the market growth in North America."

North America is the supreme leader in the regional segment of the anti-aging services market. It holds a market share of 33% due to key factors such as the rising aged population and increasing demand for physical appearance and wellness. Domiciles of major players providing anti-aging services, such as Allergan, Inc., Procter & Gamble, and Lumenis, Ltd., bolster the market growth in the North American region. Europe is accountable for 30% market share and is the second largest regional market. Large disposable income and increasing brand awareness for luxury and beauty products propel the European anti-aging services market. The Asia Pacific currently holds a 20% share and is set to register impressive growth in the near future owing to the proactive utilization of social media platforms to promote anti-aging business propaganda and a rise in per capita income.

Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. In addition, compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The market segmentation comprises type, demographics, and geography.

ATTRIBUTE DETAILS

Research Period  2017-2027

Base Year            2018

Forecast Period   2019-2027

Historical Year     2017

Unit                      USD Million

Segmentation By Type (2016–2026; US$ Mn)

• Microdermabrasion
• Liposuction
• Breast Augmentation
• Chemical Peel
• Sclerotherapy
• Botox
• Dermal Fillers
• Others

 By Demographics (2016–2026; US$ Mn)

• Baby Boomers
• Generation X
• Generation Y

Geography Segment (2016–2026; US$ Mn)

• North America (U.S., Canada)
• Europe (U.K., Germany, Rest of Europe)
• Asia Pacific (China, Japan, Rest of Asia Pacific)
• Latin America (Brazil, Mexico, Rest of Latin America)
• the Middle East and Africa (GCC, Rest of MEA)

Pharmaceutical companies providing anti-aging services are Allergan, Inc., Elizabeth Arden, Procter & Gamble, L'Oreal SA, Cynosure SA, Age Sciences, Inc., Estee Lauder, Inc., Solta Medical, Inc., Beiersdorf AG, Lumenis, Ltd. 

Key questions answered in this report.

• Which pharmaceutical companies are providing anti-aging services?
• What are the latest mergers, acquisitions, and strategic collaborations among key players in the anti-aging services market?
• What are the factors engaged in the biological process of aging?
• What are the reasons for the increasing demand for liposuction surgical procedures in the anti-aging services market?
• What are generation X and generation Y, and how do they influence the anti-aging services market growth?

Frequently Asked Questions :