19 February 2019
According to a forecast by ResearchAndMarkets.com, the global anti-ageing market will generate a revenue of $303.2 billion by 2025, driven by a growing geriatric population, a rise in technological advancements, growing medical tourism industry, and an increasing volume of anti-ageing cosmetic procedures.
The ResearchAndMarkets.com report ("Anti-Aging Market by Product - Global Market Size, Share, Development, Growth, and Demand Forecast, 2014-2025") identifies different types of products available in the anti-ageing market as being: anti-wrinkle, hair colour, UV absorbers, anti-stretch marks and other products. It states: “The demand for anti-wrinkle products is expected to observe fastest growth, witnessing a CAGR of 8.4% during the forecast period. This growth is mainly driven by the increasing adoption of different types of dermal fillers and botulinum toxin injections for the treatment of wrinkles.”
It further states: “On the basis of device, the anti-ageing market is segmented into radiofrequency, laser, anti-cellulite, microdermabrasion and other devices. Radiofrequency devices held the largest share (of ]40.5%) in the global market in 2017.”
The report notes that among the various treatments, anti-ageing products and devices were most commonly used for hair restoration treatments, with 27.4% share in 2017, demonstrating a CAGR of 8.6% during the forecast period. Rising prevalence of hair loss and androgenetic alopecia; and growing appearance consciousness are the major factors contributing to the largest share of this category.
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