Anti-Aging Services Market Size was valued at USD 8.59 Billion in 2023. The Global Anti-Aging Services industry is projected to grow from USD 9.08 Billion in 2024 to USD 14.30 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.84% during the forecast period (2024 - 2032).
Anti-ageing is used to fight the signs of ageing. It can be skin ageing, wrinkles and sagging skin. However, most of these services used for treatment are of ageing symptoms. However, people use it to reduce the signs of ageing. The most common causes of skin ageing are sun damage and rigorous exposure to free radicals. It is natural that with time the skin naturally ages, and people may notice the signs when they start entering the age of thirty-five to fifty. As most anti-ageing procedures and services are for cosmetic regions, they are not covered by insurance.
Some anti-ageing benefits are microdermabrasion, liposuction, chemical peeling of the skin, and breast augmentation. Anti-ageing targets a lot of things. It is not only for those who want to decrease the signs of ageing but also for young people who want to delay the ageing process. Many people are exposed to the environment, and the ageing process is decreasing for other reasons. The rise in the ageing population is one of the major driving factors. In the forecast period, it will hold the required growth.
In November 2022, the Caviar Anti-Aging Restructuring Bond Repair Collection was launched by Alterna in Canada.
LR Health and Beauty launched the ZEITGARD PRO cosmetic device for home use with interchangeable beauty tools in October 2022. Each tool has a different function, such as anti-aging. Â
Sofwave launched Synchronous Ultrasound Parallel Beam – a technology utilizing ultrasound rays approved by the FDA for firming facial and neck skin as well as lifting eyebrows and chins during the International Congress on Medical Aesthetics and Anti-Aging held in Tel Aviv in October 2022.Â
The Derma E also introduced an anti-wrinkle line at Walmart stores across USA Natural face care section in September 2022.In addition, increasing mid-aged population (30-55 years old) globally will help boost demand for anti-wrinkles and anti-stretch thereby encouraging growth within the studied segment.Â
Furthermore, Revelle Aesthetics introduced a revolutionary cellulite device known as Aveli in May 2022. It is an FDA-approved launch that provides visible results from a single office visit for women with cellulite.
The anti-aging services market has been segmented into type of service and service provider.
Based on type of service, the anti-aging services market has been segmented into microdermabrasion, breast augmentation, liposuction, chemical peel, sclerotherapy, intense pulsed light, Botox treatment, dermal fillers, and others. The microdermabrasion segment is expected to account for the largest share in the anti-aging services market in 2017.Â
This large share is majorly attributed to the wider acceptance of the procedure, increasing acceptance in different regions, better patient compliance and better results as compared to other services. The liposuction segment is projected to hold the second largest market during the forecast period of 2018 to 2023.
Based on service providers, the anti-aging services market has been segmented into hospitals, dermatology clinics, salons, and others. The dermatology clinics segment is expected to account for the largest share in the anti-aging services market in 2017 followed by hospitals segment. The major share of the dermatology clinics is mainly attributed to the wide range of anti-aging services provided by these specialty clinics andÂ
Based on the regions, the market for hair removal devices is segmented into, the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The anti-aging services market in the Americas region has further been segmented into North America and Latin America, where-in the North American market is further divided into the US and Canada.
European Anti-aging Services Market has been segmented into Western Europe and Eastern Europe where-in Western Europe region is further divided into Germany, France, the UK, Italy, Spain, and the rest of Western Europe.Â
The Market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The Market in the Middle East & Africa has been segmented into regions such as the Middle East and Africa.
Geographically, the Americas is anticipated to dominate the anti-aging services market owing to the well-developed healthcare infrastructure, high disposable income, high awareness about the body aesthetics, and increasing adoption of the anti-aging services by people in the US. Moreover, the huge influence of the fashion and film industry in the US has played an important role in generating demand for the beauty and aesthetic services including anti-aging. All these factors are responsible for the growth in the region.
Europe is expected to hold the second largest market share in the anti-aging services market. The anti-aging services market growth in this region is majorly attributed to the growing popularity of aesthetic treatments, a high number of old age people, and increasing acceptance of anti-aging treatments in the region.Â
Similarly, the Asia-Pacific region has observed a rapid growth in the market owing to the growing disposable income and demand for cost-effective anti-aging service. Besides, increasing beauty consciousness in developing countries and rapidly growing medical tourism industry is also expected to generate growth opportunities in the untapped markets of the Asia-Pacific region. The Middle East & Africa region is anticipated to show minor growth opportunities in the market during the forecast period.
Intended Audience
| Report Attribute/Metric | Details |
| Â Â Market Size 2023 | Â USD 8.59 Billion |
| Â Â Market Size 2024 | Â USD 9.08 Billion |
| Â Â Market Size 2032 | Â USD 14.3 Billion |
| Â Â CAGR | 5.84% |
| Â Â Base Year | 2023 |
| Â Â Forecast Period | 2024-2032 |
| Â Â Historical Data | 2021 |
| Â Â Forecast Units | Value (USD Billion) |
| Â Â Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Â Â Segments Covered | Type of Service, Service Provider And Region |
| Â Â Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Â Â Key Vendors | Allergan Inc., Alma Lasers , Beiersdorf AG, Cutera Inc., Cynosure Inc., Elizabeth Arden, Estee Lauder Inc., Lumenis, Procter & Gamble, Solta Medical Inc |
| Â Â Key Market Opportunities | People use it to reduce the signs of ageing |
| Â Â Key Market Drivers | Rise in the ageing population |
Anti-Aging Services Market Highlights:
Frequently Asked Questions (FAQ):
The global anti-aging services market was valued at USD 14.30 Billion in 2032.
The market is expected to exhibit a strong 5.84% CAGR over the forecast period.
The increasing geriatric population is likely to be the major driver for the global anti-aging services market.
The high cost of some procedures and the risk of adverse side effects are the major restraints on the global anti-aging services market.
The Americas and Europe dominate the global anti-aging services market due to the growing geriatric population in the region and the high disposable income of the same.
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Research Analyst Level I He is an extremely curious individual currently working in healthcare and medical devices domain. kinjoll is comfortably versed in data centric research backed by healthcare educational background. he leverages extensive data mining and analytics tools such as primary and secondary research, statistical analysis, machine learning, data modelling. his key role also involves technical sales support, client interaction and project management within the healthcare team. lastly, he showcases extensive affinity towards learning new skills and remain fascinated in implementing them.
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