Anti-Ageing Products Services and Devices Market

Key Points Covered in Anti-ageing Products Services and Devices Market Study

• Market estimates and forecast 2021-2031
• Key drivers and restraints impacting market growth
• Segment-wise, Country-wise, and Region-wise Analysis
• Competition Mapping and Benchmarking
• Brand share and Market Share Analysis
• Key Product Innovations and Regulatory Climate
• COVID-19 Impact on Anti-ageing Products Services And Devices Market and How to Navigate
• Recommendation on Key Winning Strategies

Anti-Ageing Products Services and Devices Market Register Historic Sales Compared to 2021-2031 Forecast Outlook

Growth in demand for anti-ageing products, services, and devices can be attributed to the rapidly ageing and affluent baby boomer population and increasing beauty and health awareness among generation X and Y.

Alongside this the increasing cases of skin cancer and other skin diseases have improved the adoption of such procedures. Growing penetration of social media and relentless urge to have younger looking skin have increased the number of people undergoing anti-wrinkle and anti-cellulite treatment & procedures.

According to the American Society of Plastic Surgery and International Society of Plastic Surgery (ISPS) 2019, around 2.68 million people underwent soft tissue filler procedure and around 709,413 procedure of microdermabrasion were recorded in 2017.

Several advanced techniques have been introduced by key players in the anti-ageing market, which are fueling market revenues. Increasing demand for clinically-advanced solutions are boosting non-surgical-medical anti-ageing cosmetic procedures, creating lucrative growth opportunities especially across the U.S, UK, India and Germany.

As per Future Market Insights (FMI), global revenue is predicted to reach approximately US$ 369.76 Bn, expanding at a CAGR of over 5.20% during the forecast period.

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Demand for Non-Surgical Anti-Ageing Procedures Pushing Sales

Non-surgical and minimally invasive anti-ageing treatments are gaining wider adoption despite being costlier in certain cases as compared to invasive procedures. The ISAPS statistics reveal that globally highest number of non-surgical anti-ageing procedures were adopted by the U.S., followed by Brazil, Japan, Italy, Turkey, India and Mexico.

Top non-surgical anti-ageing procedures adopted include photo-rejuvenation, chemical peel, microdermabrasion, dermabrasion, & skin tightening. Also, with the quest of looking young, consumers are increasing the adoption of minimally invasive cosmetic procedures such as liposuction, tummy tuck, cellulite reduction and others.

These procedures have improved the manufacturing of anti-ageing devices, widening growth opportunities for key players.

As per the data of American Society of Plastic Surgeons (ASPS) 2019, around 7.44 million procedures were recorded for botulinum toxin type-A, while chemical peel procedure was recorded around for 1.38 million people in 2017.

Demand for non-invasive and non-surgical procedure is expected to increase over the coming years, fostering the sales of anti-ageing products and devices.

Country-wise Insights

How is Anti-Ageing Products, Services and Devices Market Faring in the U.S?

Significant rise in demand for anti-ageing products and devices is directly related to growing prevalence of skin cancer among women in the U.S. As per Skin Care Foundation, 1 in 5 Americans develops skin cancer by the age of 70 and 48 people die every day due to skin cancer.

Most skin cancers such as melanoma skin cancer, basal cell carcinoma and squamous cell carcinoma requires proper anti-ageing reconstructive procedures, which is fuelling the demand for such procedures across the U.S.

Also, according to the International Society of Aesthetic Plastic Surgery (ISAPS), non-surgical anti-ageing procedures across the U.S. are gaining wider adoption over invasive treatments.

With growing demand for anti-ageing surgical and non-surgical procedures across the U.S., dermatology clinics and facilities will witness massive boom over the forecast period.

Also, increasing prevalence of skin cancer and rising awareness about skin care have improved the adoption of anti-ageing products and devices across the U.S.

American Academy of Dermatology Association stated, every day around 9.500 people in the U.S. are diagnosed with skin cancer. Research states that non-melanoma skin cancer, basal cell carcinoma affects 3 million Americans every year.

As per FMI’s analysis, the U.S. is expected to witness high remunerative growth in terms of revenue during the forecast period.

Why will the UK lead the Europe’s Anti-Ageing Products, Services & Devices Market?

Burgeoning adoption of retinols and anti-wrinkle creams across the UK have significantly bolstered the growth of anti-ageing products & devices. With growing ageing population and early adoption of anti-ageing procedures, industry is witnessing massive growth.

Increasing incidence of skin cancer and millions of people undergoing anti-wrinkle and anti-cellulite procedures across the UK have improved the demand. With the UK leading the Europe market, it is expected to remain the largest hotspot for anti-ageing products & devices manufacturers.

According to Cancer Research UK, around 16,200 melanoma and non-melanoma skin cancer cases are recorded every year in the UK. Increasing cases of skin cancer have propelled the adoption of invasive as well as non-invasive anti-ageing procedures across the UK.

Several new and advanced techniques have been introduced to curb the skin cancer cases in the UK and reduce the cost of treatment and procedures. Also, with constant growing demand for new products, leading brands are investing heavily to cater the demand.

For instance, in November 2020, Sof Wave Medical, leading player, secured CE Mark for its next-generation Sofwave anti-ageing system, approved for use for the treatment of fine lines and wrinkles in the European Union.

Based on these aforementioned factors, the UK’s anti-ageing products, services and devices market is anticipated to witness highest growth across Europe.

Why is India a Key Player in the Field of Anti-Aging Products, Services & Devices?

Asia Pacific is anticipated to be the leading market, holding major share of anti-ageing products, services and devices market. Demand for plant-based anti-ageing skin products in India have boosted the adoption of anti-wrinkle and anti-cellulite treatments.

Maintaining youthful femininity and masculinity despite the ageing have bolstered the consumption of retinol based creams and products in India. Also, demand for topical and peel-based anti-ageing treatments have increased in the country, especially among women.

Patients in this country also are resorting to use large amounts of over-the-counter anti-ageing products in the anti-ageing market. These products are widely adopted as they are much cheaper than botulinum toxin injections and laser therapies.

Anti-ageing treatments that are easily available and affordable outside of dermatology clinic settings, however, have limited documented data on efficacy, which is anticipated to limit the growth of the market.

Costly procedures and treatments for anti-ageing might also impede the growth as organic and natural alternatives are gaining precedence in the youth of the country.

What are the Factors Driving Anti-Ageing Products, Services, and Devices Sales in Brazil?

Increasing cases of skin condition such as atopic dermatitis, hair loss and skin cancer across Brazil have amped up the adoption of anti-ageing products in the country.

Brazil is a country of continental dimensions with high UV radiation incidence increases the risk of melanoma and non-melanoma skin cancer.

Data from the Brazilian National Cancer Institute for the year 2020 reported that around 4.03 new cases per 100,000 for men and 3.94 new cases per 100,000 for women in Brazil were diagnosed with melanoma skin cancer.

With increasing rates of skin condition and Brazil being a low-income country, people are adopting treatments that costs low and have efficiency rates. Hence, adoption of peel-based anti-ageing treatment is gaining traction across the country.

This treatment is widely adopted as it is much cheaper than anti-wrinkle treatment or botulinum toxin products, which is improving the revenue generation of market players manufacturing chemical peels.

Category-wise Insights

Which Distribution Channel is More Preferred?

Dermatology clinics are anticipated to generate highest demand owing to the increasing non-surgical and surgical cosmetic procedures across the globe. Rising awareness about the skin care and growing demand for anti-wrinkle and other anti-ageing procedures will elevate the demand of anti-ageing products, services and devices.

Rejuvenation centers, pharmacies and drugstores are expected to register steady growth over the forecast period owing to the increasing demand for anti-ageing products.

Emergence of online retail pharmacies and drugstores have propelled the segment growth and will continue to do so in the upcoming years.

Which Product Type is Gaining Traction in Anti-Ageing Services, Products & Devices Market?

Increasing awareness about having a proper skin care routine to make skin more healthy and younger looking have improved the adoption of various anti-ageing skin care products.

According to International Society of Plastic Surgery (ISPS), total of 1,582,296 adults underwent anti-ageing procedures such as botulinum toxin procedure, wrinkle treatment and others in 2020.

With increasing urbanization and growing influence of social media have furthered the adoption of skin care products such as retinols, moisturizers, dermal fillers and others among consumers in their skincare regimen.

As per FMI analysis, cellulite treatment and botulinum toxin are anticipated to lead the segment, followed by retinols and chemical peels over the forecast period.

Population in low-and middle-class income countries such as India, and Brazil are promoting the adoption of topical and peel-based anti-ageing treatments, which will improve the growth of chemical peels and creams in the upcoming years.

Which Application Holds the Crown in Anti-Ageing Products Services & Devices Market?

In terms of application, the market is segmented into anti-pigmentation therapy, anti-cellulite treatment, anti-wrinkle treatment, acne management, scar treatment and others. As per FMI, cellulite reduction is one of the most popularly adopted anti-ageing procedure.

Quest to remain beautiful and have younger looking skin have fuelled the demand for anti-cellulite and anti-wrinkle treatment across the globe.

FMI opines that anti-wrinkle products will undoubtedly be the largest segment drawing the maximum revenue, contributing around approx. US$ 79.7 Bn to global revenue in 2021.

Data revealed by American Society of Plastic Surgeon (ASPS) shows that patients aged between 35 years and 50 years, followed by anti-ageing patents of age 51-64 years undergo cellulite treatment.

Around 90% of the female population is affected by cellulite problem and around 130,081 tummy-tuck and cellulite procedures were performed in the U.S., as per ASPS.

Apart from this, around 17.7 million surgical and minimally invasive cosmetic procedures were performed in the U.S. in 2018 that included anti-wrinkle reduction, acne management and other fat reduction procedures.

Top non-surgical anti-ageing procedures include wrinkle reduction by injecting botulinum toxin type A; volume restoration with the help of hyaluronic acid-based dermal fillers; non-surgical fat reduction; hair removal and chemical peeling.

Growing inclination among the people to look youthful and slow the ageing process have increased the demand for such procedures and as per FMI, the demand will continue to increase with increasing influence of social media across the globe.

Competitive Landscape

Relentless urge to look youthful and have unblemished skin have significantly propelled the market growth along with the competition in the industry.

With increasing competition, key players are introducing new and effective products to maintain their lead. Product innovation and combination therapeutics are the key strategies market players have adopted to stay ahead in the competition.

Alongside product innovation, manufacturers are also collaboration and building partnerships with top brands to expand their customer base and have an extended reach to the global audience.

Increasing social media penetration and hyper-awareness about skincare have urged the key players to come up with new & effective devices and products catering the booming demand, to gain remunerative revenue over the forecast period.

For instance:

• In January 2021, Amorepacific-owned South Korean brand, ‘Innisfree’ announced the launch of a new anti-ageing line, ‘Black Tea Youth Enhancing’, in Singapore after witnessing a huge success in South Korea.
• Crescita Therapeutics Inc, another leading player and a commercial dermatology, announced the new certification from Laboratories FILLMED, in January 2021, for its new ART FILLER range products and New Cellular Treatment Factor in Canada.
• In December 2020, Bare Minerals announced a new product line of its anti-ageing collection for dry winter skin with a plant based alternative to retinol.
• Aesthetics Biomedical Inc., a regenerative aesthetics medical device and top skin care company, in September 2021, announced new scientific finding through its research & development initiatives for its radio frequency micro-needing device (RFMN), Vivace, adhering to the booming demand for minimally invasive devices to address anti-ageing and skin care procedures.

Scope of Report

Key Questions Answered in the Report

• What is the current anti-ageing products services and devices market value?

  The anti-ageing products services and devices market is expected to surpass a valuation of approx. US$ 222.11 Bn in 2021

• At what rate did the Anti-ageing products services and devices market grow between 2016 and 2020?

  The anti-ageing products services and devices market witnessed moderate growth at around 6.50% CAGR between 2016 and 2020.

• What are the key trends driving anti-ageing products services and devices sales?

  Growing ageing population worldwide, strict regulations led to introduction of safe and efficient anti-ageing products and services and increase in awareness about ageing signs in younger generations are the key trends driving sales.

• Who are the leading players of anti-ageing products services and devices?

  Allergan, Inc., Beiersdorf, AG, L’Oreal, SA, Coty, Inc., and Cynosure, Inc. are the top players leading the anti-ageing products services and devices market.

• What will be the demand outlook for North America Anti-ageing products services and devices market?

  Sales in North America for anti-ageing products services and devices market are set to grow at a healthy rate, reaching a valuation of approx. US$ 53,987.4 Mn by 2021.

• Which country in Europe will lead the anti-ageing products, services and devices market?

  Germany is expected to spearhead the market growth across Europe, contributing over 15% of global market share in anti-ageing products, services, and devices market

• Which are the top countries leading the anti-ageing products services and devices market demand?

  The U.S., UK, Germany, China, and France are the top countries driving the anti-ageing products services and devices market.

• What is the market share of leading players in anti-ageing products services and devices market?

  Top tier-1 players operating in anti-ageing products services and devices market contribute around 25-30% of global market share.

• What is the current market share of Japan in the global anti-ageing products, services and devices market?

  Currently, Japan accounts for over 1.5% of global market share in the global anti-ageing products, services and devices market.

Anti-Ageing Products Services and Devices Market by Category

By Application:

• Anti-Pigmentation Therapy
• Anti-Cellulite Treatment
• Anti-Wrinkle Treatment
• Acne Management
• Scar Treatment
• Others

By Product Type:

• Creams
• Moisturizers
• Retinols
• Dermal Fillers
• Botulinum Toxin
• Chemical Peels
• Cellulite Treatment
• Non-Surgical Fat Reduction
• Others

By Distribution Channel:

• Dermatology Clinics
• Hospitals, Pharmacies, Drugstores
• Rejuvenation Centers
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• China
• Japan
• Asia Pacific excluding Japan (APEJ)
• Middle East & Africa (MEA)