Anti-aging Devices Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Industry Outlook

Anti-aging devices market accounted for a market value of US$ 25637.1 Mn in 2020 and projected to grow at a CAGR of 8.6% during the forecast period from 2021 to 2029. Anti-aging devices industry is changing gradually mainly assisted by increasing public awareness through promotional media and product accessibility through online sales channel. The technological evolution of anti-aging devices is very interesting as early commercially used bulky devices were manufactured that usually focussed on invasive or minimally invasive treatment. However, over last decade the size of devices has been reduced to handheld or portable size and these devices now focus on non-invasive treatments. Overall anti-aging devices market is shifting towards non-invasive treatments due to advantages such as minimal side-effects, and prolonged results.

Skin treatment devices expected to maintain its dominance throughout the forecast period

Skin treatment devices comprises injectable, microdermabrasion devices, laser devices, intense pulse light devices, radio frequency (RF) devices, ultrasound devices, massaging & toning devices, RF+ other technologies, nano-current & micro-current devices, and microneedling devices. Thus, this sub-segment nearly covers all the major devices available in the market, as most of the aging signs observed on skin that makes skin treatments the most frequently used procedures. The key factors driving the skin treatment devices segment are the increasing awareness related to skin aging treatments, incessant development in the skin treatment devices, devices specific to home applications are increasing, and wide variety of devices are present in this segment. A few trending skincare treatment devices are PMD Personal Microderm, Riiviva Basic Cellulite, Tria Age-Defying Laser, Baby Quasar Clear Rayz, NuFace Trinity, and NuFace Trinity.

Online sales is the most trending sales channel in anti-aging devices market and expected to dominate the market by end of forecast year

Rising internet penetration has assisted the significant growth of online sales channel globally; online sales provide consumers an easy access to price discounts, product reviews, wide product options, and doorstep delivery of the products. According to data published by eMarketer, the overall percentage of Ecommerce retail sales is growing at sustained growth rate of around 2.4% every year globally. The Centre of Retail research suggested that online retail sector is the major market driver in Europe anti-aging devices market accounting 18.2% (2018), 15.6% (2019), and expected to reach 14.2% in 2020 and 13.8% in 2021 making it one of the fastest growing distribution channel in retail.

Asia Pacific observed as the fastest growing anti-aging devices market due to rising awareness & demand for skin, hair and eye treatments in developing countries

The most attractive e-Commerce retail markets in Asia Pacific are India, China, South Korea, Indonesia, Singapore, & Malaysia. Asia Pacific is growing significantly throughout the forecast period due to swift economic development, high awareness related to anti-aging devices, rising demand and awareness related to e-Commerce retail. The factors responsible for growth of online sales channel in Asia Pacific are rising penetration of mobiles & internet, doorstep delivery, swift & secured transactions, and extensive range of device options.

Historical & Forecast Period

The anti-aging devices market analyzed considering current market trends for base year 2020 and based on future trends CAGRs calculated for the forecast period from 2021 to 2029.

The key players present in the market analyzed based on product portfolio, financial information, recent market updates, and key market strategies. This report also include attractive investment proposition carried out with the help of extensive geographical research based on PESTEL analysis. Key players profiled in the report include Lumenis Ltd., Hologic Inc., Estée Lauder Companies Inc., Solta Medical, Inc., Syneron Medical Ltd., Palomar Medical Technologies, Alma Lasers GMBH, Photomedex, Cutera, Inc., Valeant Pharmaceuticals International, Inc., and Personal Microderm (PMD) among others.

Key questions answered in this report

• Which is the trending anti-aging device in the market & Why?
• What are the recent market strategies & competitive landscape specific to anti-aging devices market?
• Which are the key geographical markets (regions and countries) dominating and significantly growing in anti-aging devices market?
• Which is the largest and fastest growing anti-aging devices sales channel globally?
• How is the competition in anti-aging devices market and strategies of key players functioning in this industry?

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