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Anti-Aging Services Market Size Is Projected to Grow at a CAGR of 5.47% By 2023 | COVID-19 Impact, Share Analysis and Indystry Trends

Jul 22, 2020 6:40 PM ET

iCrowd Newswire – Jul 22, 2020

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 — Global Forecast till 2023

Anti-Aging Services Market Analysis

The Anti-Aging Services Market size was valued at USD 21.39 billion in 2017 and is likely to grow at a 5.47% CAGR between 2018- 2023, according to the new anti-aging research report by Market Research Future (MRFR). Anti-aging services are used to slow down or stop the aging process. It is used to keep the skin look young and healthy. Such services help to brighten the skin, make the skin hydrated, and decrease wrinkles.

Various factors are adding to the anti-aging services market growth. According to the new MRFR report, such factors include increasing elderly population, desire to look beautiful and young, the rising influence of the film industry or media in daily life, and heightened awareness that has led to the burgeoning demand for premium luxury products. Additional factors adding to the anti-aging target market growth include changing lifestyles, rising consumer incomes, technological innovations in the beauty industry, and growing demand for anti-aging skin care solutions.

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On the contrary, the risk of potential side effects coupled with the high price of surgical treatments or procedures, will limit the anti-aging services market growth over the forecast period.

The report offers an analysis of the different parameters of the global anti-aging services market. The market has been segmented based on service provider and type of service. It also sheds light on the regional segmentation, market share, market size, and market trends.

Anti-Aging Services Market Segmentation

The MRFR report gives an inclusive segmental analysis of the global anti-aging services market report based on service provider and type of service.

By type of service, the anti-aging services market is segmented into dermal fillers, Botox treatment, intense pulsed light, sclerotherapy, chemical peel, liposuction, breast augmentation, microdermabrasion, and others. Of these, the microdermabrasion segment will lead the market over the forecast period. Better results, better patient compliance, and increasing acceptance in various regions are adding to the growth of the segment. This will be followed by the liposuction segment that is predicted to hold the second-largest share.

By service providers, the anti-aging services market is segmented into salons, dermatology clinics, hospitals, and others. Of these, the dermatology clinics will dominate the market over the forecast period for the wide-range of anti-aging services offered by such clinics. This will be followed by the hospitals segment.

Anti-Aging Services Market Regional Analysis 

Based on the region, the global anti-aging services market report covers the growth opportunities and recent trends across the Americas, Europe, the Asia Pacific (APAC), and the Middle East and Africa (MEA). Of these, the Americas will lead the market over the forecast period. Increasing adoption in the US, growing awareness about body aesthetics, high disposable income, and the presence of well-developed healthcare infrastructure are adding to the anti-aging services market growth in the region. The US anti-aging market size is the biggest for the immense influence of the film and fashion industry that plays a crucial role in generating demand for aesthetic and beauty services such as anti-aging.

The global anti-aging services market in Europe is predicted to hold the second-largest share over the forecast period. Increasing acceptance of these services, rising number of old age population, and the growing popularity of aesthetic treatments are adding to the anti-aging services market growth in the region.

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The global anti-aging services market in the APAC region is predicted to grow at a fast pace over the forecast period. The booming medical tourism industry, rising beauty consciousness, especially in developing counties, demand for cost-effective anti-aging services, and growing disposable income are adding to the anti-aging services market in the region.

The global anti-aging services market in the MEA is predicted to have a small share over the forecast period.

Anti-Aging Services Market Key Players

Leading players profiled in the global anti-aging services market report include Solta Medical Inc., Lumenis, Procter & Gamble, Estee Lauder Inc., Elizabeth Arden, Cynosure Inc., Cutera Inc., Beiersdorf AG, Alma Lasers, and Allergan Inc.

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Keywords:    Anti-Aging Services Market Size, Anti-Aging Services Market Trends, Anti-Aging Services Market Growth, Anti-Aging Services Market Share, Anti-Aging Services Market Insights