The anti-aging devices market was worth US$ 20,379.3 million in 2017 and is expected to grow at an 8.6% CAGR from 2018 to 2026. The anti-aging devices industry is changing gradually, mainly due to increasing public awareness through promotional media and product accessibility through online sales channels. The technological evolution of anti-aging devices is fascinating, as early commercially used bulky devices focused on invasive or minimally invasive treatment. However, over the last decade, the size of devices has been reduced to a handheld or portable size, and these devices now focus on non-invasive treatments. Overall, the market for anti-aging devices is shifting towards non-invasive treatments due to advantages such as minimal side effects and prolonged results.
Market Synopsis
Skin treatment devices are expected to maintain their dominance throughout the forecast period.
Injectables, microdermabrasion devices, laser devices, intense pulse light devices, radio frequency (RF) devices, ultrasound devices, massaging and toning devices, RF+ other technologies, nano-, and micro-current devices, and microneedling devices are examples of skin treatment devices. Thus, this sub-segment nearly covers all the major devices available in the market, as most of the aging signs observed on the skin make skin treatments the most frequently used procedures. The increasing awareness of skin aging treatments, the constant development of skin treatment devices, the increase in devices specific to home applications, and the wide variety of devices present in this segment are the key factors driving the skin treatment devices segment. A few trending skincare treatment devices are PMD Personal Microderm, Riiviva Basic Cellulite, Tria Age-Defying Laser, Baby Quasar Clear Rayz, NuFace Trinity, and NuFace Trinity.
Online sales are the most trending sales channel in the anti-aging devices market and are expected to dominate the market by the end of the forecast year.
Rising internet penetration has assisted in the significant growth of the online sales channel globally; online sales provide consumers with easy access to price discounts, product reviews, wide product options, and doorstep delivery of the products. According to data published by eMarketer, the overall percentage of e-commerce retail sales is growing at a sustained rate of around 2.4% every year globally. The Center for Retail Research suggested that the online retail sector is the major market driver in Europe's anti-aging devices market, accounting for 18.2% in 2015, 15.6% in 2016, and expected to reach 14.2% in 2017, and 13.8% in 2018, making it one of the fastest-growing distribution channels in retail.
Asia Pacific is observed as the fastest-growing anti-aging devices market due to rising awareness and demand for skin, hair, and eye treatments in developing countries.
The most attractive e-commerce retail markets in the Asia Pacific are India, China, South Korea, Indonesia, Singapore, and Malaysia. Asia Pacific is growing significantly throughout the forecast period due to swift economic development, high awareness related to anti-aging devices, rising demand, and awareness related to e-Commerce retail. The factors responsible for the growth of the online sales channel in Asia Pacific are the rising penetration of mobiles and the internet, doorstep delivery, swift and secure transactions, and an extensive range of device options.
Periods of History and Forecast
The anti-aging devices market was analyzed considering current market trends for the base year of 2017, and based on future trends, CAGRs were calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
Our report covers an exhaustive study of anti-aging devices, including qualitative and quantitative analysis, along with the key drivers, opportunities, and restraints affecting or assisting the market. The market dynamics are also included for regional and country-specific markets in the respective segments. This report covers in-depth information associated with the global anti-aging devices market with segments such as device type, sales channel, and geography. The report covers the competitive landscape of the key players operating in the anti-aging devices market and provides detailed information related to the competitive scenario of the market and the current strategies and product launches affecting the market.
The key players present in the market were analyzed based on their product portfolios, financial information, recent market updates, and key market strategies. This report also includes an attractive investment proposition carried out with the help of extensive geographical research based on PESTEL analysis. Key players profiled in the report include Lumenis Ltd., Hologic Inc., Estée Lauder Companies Inc., Solta Medical, Inc., Syneron Medical Ltd., Palomar Medical Technologies, Alma Lasers GMBH, Photomedex, Cutera, Inc., Valeant Pharmaceuticals International, Inc., and Personal Microderm (PMD), among others.
Key questions are answered in this report.
Which is the trending anti-aging device in the market and why?
What are the recent market strategies and competitive landscape specific to the anti-aging devices market?
Which are the key geographical markets (regions and countries) dominating and significantly growing in the anti-aging devices market?
Which is the largest and fastest-growing anti-aging device sales channel globally?
How are the competition and strategy of key players in the anti-aging device market working in this industry?
Frequently Asked Questions:
The market for Antimicrobial Susceptibility Test is expected to reach US$ 4,159.2 Mn in 2026.
The Antimicrobial Susceptibility Test market is expected to see significant CAGR growth over the coming years, at 4.7%.
The report is forecasted from 2018-2026.
The base year of this report is 2017.
Alifax Holding S.p.A.,Bio-Rad Laboratories, Inc.,bioMerieux,Biotron Healthcare,Becton Dickinson & Company are some of the major players in the global market.
