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Anti-Aging Services Market Research Report – Forecast till 2027

Anti-Aging Services Market Research Report: Information by Type of Service (Microdermabrasion, Liposuction, Sclerotherapy, Chemical Peel, and Others), Service Provider (Hospitals, Dermatology Clinics, and Others), and Region Forecast till 2027

ID: MRFR/HC/6110-HCR | February 2021 | Region: Global | 130 pages

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Anti-Aging Services Market Scenario


The anti-aging services market is expected to grow significantly over the forecast period. The market held a market value of USD 21.39 billion in 2017 and is projected to grow at a CAGR of 5.47% over the forecast period.


Aging is damage to the body’s macromolecules, cells, tissues, caused by genomic instability, epigenetic alterations, loss of proteostasis, mitochondrial dysfunction, cellular senescence, stem cell exhaustion, oxidation damage by free radicals etc.


Increasing elderly population, growing desire to stay young is one of the most important factors that drive the growth of the anti-aging services market. According to the world health organization (WHO), the proportion of the world's population over 60 years between 2015 and 2050 will nearly double from 12% to 22%. Further, as per WHO estimates by 2020, the number of people aged 60 years and older will outnumber children younger than 5 years and by 2050, 80% of older people will be living in low- and middle-income countries. Besides that, factors such as growing demand for anti-aging drugs and services, the influence of media and fashion industry, increasing disposable income, growing awareness about the aesthetical industry are driving the market for anti-aging services.


On the other hand, the high cost of some of the procedures, and potential side effects of the anti-aging treatments are some of the factors that thwart the growth of the anti-aging services market to an extent.


Segmentation


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. 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 and 


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. 


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.


Regional Market Summary


Anti-aging Services Market Share (%), by Region, 2017


Anti-aging Services Market


Source: White Papers, Company Presentations, Annual Reports


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. 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.


Market Of Anti-Aging Services, by Type of Service



  • Microdermabrasion

  • Breast Augmentation

  • Liposuction

  • Chemical Peel

  • Sclerotherapy

  • Intense Pulsed Light

  • Botox Treatment

  • Dermal Fillers

  • Others


Market Of Anti-Aging Services, by Service Provider



  • Hospitals

  • Dermatology Clinics

  • Salons

  • Others


Market Of Anti-Aging Services, by Region



  • Americas


    • North America


      • US

      • Canada


    • Latin America


  • Europe


    • Western Europe


      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe


    • Eastern Europe


  • Asia-Pacific


    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific


  •  Middle East & Africa


    • Middle East

    • Africa



Market Of Anti-Aging Services, by Key Players



  • Allergan Inc.

  • Alma Lasers 

  • Beiersdorf AG

  • Cutera Inc.

  • Cynosure Inc.

  • Elizabeth Arden

  • Estee Lauder Inc.

  • Lumenis

  • Procter & Gamble

  • Solta Medical Inc.

  • Others


Intended Audience



  • Device Manufacturers and Distributors

  • Aesthetical Care Providers

  • Hospitals and Specialty Dermatology Clinics

  • Medical Device Companies

  • Contract Research Organizations

  • Academic and Research Institutes

  • Government Associations



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Frequently Asked Questions (FAQ) :

The global anti-aging services market was valued at USD 21.39 billion in 2017.

The market is expected to exhibit a strong 5.47% CAGR over the forecast period from 2018 to 2023. q

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.