According to the study, the global anti aging market is expected to witness 7.7% CAGR during 2017 – 2025. Technological advancements, increase in volume of anti-aging procedures, growing aging population and increase in disposable income have been driving the global anti-aging market. The market is further expected to gain revenue due to increase in anti-aging awareness campaigns. For instance, EuroMediCom plans to organize the 15th Aesthetic & Anti-Aging Medicine World Congress from 6th April to 8th April, 2017, in Monaco. Furthermore, EuroMediCom is also going to organize the 4th AMWC Latin America- Aesthetic & Anti-Aging Medicine World Congress from 16th November to 18th November, 2017, in Colombia, South America. EuroMediCom promotes future medical sciences, particularly those related to aging and aesthetics.
Geographically, North America has been the largest anti-aging market, with the U.S. being the largest contributor to the regional market. Increasing volume of plastic surgeries and growing geriatric population in the region are the key growth drivers for the North American anti-aging market. As reported by the American Society for Aesthetic Plastic Surgery (ASAPS), American spent more than $13.5 billion on cosmetic procedures in 2015. It further reported that 1,912,468 surgical procedures and 10,879,909 non-surgical procedures were performed. It was also reported that liposuction was the most popular surgical procedure in 2015 with about 396,048 procedures performed.
Europe is also a key market for anti-aging products and it is anticipated to witness considerable growth during the forecast period. Increase in product approvals and aging population are driving the European market. According to International Society of Aesthetic Plastic Surgery (ISAPS), some of the popular surgical anti-aging surgical procedures in European countries in 2015 included breast augmentation, liposuction, eyelid surgery, and abdominoplasty.
Some of the other key players in the market include The Proctor & Gamble Company, Beiersdorf AG, Allergan Plc., The Estee Lauder Companies Inc., Nu Skin Enterprises, Inc., Coty Inc., Cynosure, Inc., Lumenis Ltd., Syneron Medical Ltd., Photomedex Inc., Orlane, Personal Microderm and Alma Lasers Ltd.
News Courtesy : P&S Market Research