The anti-aging services market is driven by increase in the trend among the population, to maintain aesthetic appearance, rise in the technological advancements in the aesthetic procedures and increase in geriatric population. Moreover, increase in adoption of non-invasive aesthetic procedure such as dermal fillers, and botulinum toxin, and rise in the number of anti-aging services providers such as clinics, and private aesthetic centers boost the growth of anti-aging services market. For instance, according to International Society of Aesthetic and Plastic Surgery (ISAPS), in 2020, it was reported that 6,213,859 botulinum toxin procedures were performed across the globe. As per the same source, it was also reported that approximately 1,343,436 botulinum toxin procedures were performed among the age group of 51-64 years. Moreover, according to, American Society of Plastic Surgeons (ASPS), in 2019, it was reported that 1,087,887 laser skin resurfacing procedures were performed in the U.S. In addition, the demand for anti-aging treatments and devices has been fueled by customers' rising self-awareness of their physical appearance, both young and old. Moreover, technological advancement in the field of aesthetic product market fuels the market growth. For instance, In May 2020, Galderma, a dermatology and pharmaceutical company, announced the U.S Food & Drug Administration (FDA) approval for restylane kysse. It is a hyaluronic acid filler specifically designed and indicated to smoothen the wrinkles. This technology used in Aesthetic solution Inc. clinic in the U.S. In addition, increase in the number of product approval and product launch of different aesthetic devices, and rise in number of clinics for anti-aging procedure fuels the growth of anti-aging services market. For instance, in January 2021, Candela Syneron, a healthcare equipment manufacturing company, announced the launch of the frax pro system which is skin resurfacing device. On the other hand, high cost of anti-aging services is anticipated to hinder the market growth. Moreover, risk associated after anti-aging services procedure such as skin irritation, temporary discomfort, redness and swelling and pigment changes hamper the growth of anti-aging services market.
The global anti-aging services market is segmented on the basis of type, gender, application, service provider and region. On the basis of type, the market is segmented into dermal fillers, botulinum toxin, chemical peels and others. Dermal fillers segment includes hyaluronic acid (HA), calcium hydroxylapatite (CaHA), poly-l-lactic acid and polymethyl-methacrylate microspheres (PMMA). The others segment includes microdermabrasion and laser resurfacing anti-aging skin treatments. On the basis of gender, the market is bifurcated into male and female. On the basis of application the market is divided into fine line and wrinkle, aged hand, sagging skin and others. The others include uneven skin ton, volume loss, aged neck. On the basis of service providers, it is divided into specialty & dermatology clinics, hospitals and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global anti-aging services market include Aesthetic Solutions, Anti-Aging Medical & Laser Clinic, Anti-aging Clinic Toronto, ClinicalPRO , Cutis skin, Derma Magnetica Clinic, Elan aesthetics , Estiqueclinic, Evolus, Glow Anti-Aging Clinic, Hairline International Hair & Skin Clinic, Oliva Skin and hair clinic, Pure Luxe, Pure Luxe Medica, Sinclair Pharma, Venus treatments, and Viva Aesthetic Clinic.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the anti-aging services market analysis from 2021 to 2031 to identify the prevailing anti-aging services market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the anti-aging services market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global anti-aging services market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Dermal Fillers
- Botulinum Toxin
- Chemical Peels
- Others
By Gender
- Male
- Female
By Application
- Fine line and wrinkle
- Aged hand
- Sagging skin
- Others
By Service Provider
- Specialty and Dermatology Clinics
- Hospitals
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- Colombia
- Rest of LAMEA
Key Market Players
- Aesthetic Solutions Inc
- Anti Aging Medical and Laser Clinic
- Anti aging Toronto clinic
- Clinical Skincare
- Cutis Dermatology
- Dermamagnetica Clinic
- Elan aesthetics Inc
- Estique clinic
- Evolus Incorporated
- Glow Anti Aging Clinic
- Hairline International Hair and Skin Clinic
- Oliva Skin and hair clinic
- Pure Luxe
- Pure Luxe Medical
- Sinclair Pharma
- Venus treatment
- Viva Aesthetic Clinic
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Table of Contents
Executive Summary
According to the report, titled, “Anti-Aging Services Market," the anti-aging service market size was valued at $12.30 billion in 2021, and is estimated to reach $22.17 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031. Anti-aging procedures are non-invasive aesthetic procedures that aim to improve a person’s physical appearance. It is the unique discipline of medicine focused on enhancing the physical appearance through medical technique. Wrinkles, volume loss, fine lines, sagging, open pores, dull skin, and a patchy complexion are some of the common symptoms of premature skin ageing. Anti-aging services are used to treat the skin issues. Anti-aging services include botulinum toxin, chemical peeling, microdermabrasion, laser resurfacing anti-aging skin treatments and dermal fillers.Factors that drive the growth of the anti-aging service market size include increase in number of anti-aging services provider, rise in demand for anti-aging treatment by female population, rise in number of anti-aging service industry and increase in number of private aesthetic clinics for anti-aging treatment. Moreover, technological advancement in the field of non-invasive aesthetic procedure is anticipated to propel the anti-aging service market trends. In addition, increase in number of product launch by anti-aging service industry is anticipated to fuel the growth of market. For instance, in February 2022, Merz Aesthetics, a medical aesthetics company announced the launch of Radiesse (+) Lidocaine injectable implant for deep injection to improve moderate to severe loss of jawline contour in adults. Moreover, rise in geriatric population anticipated to propel the market growth. For instance, according to the World Health Organization (WHO), in October 2021, it was reported that 1 in 6 people in the world will be aged 60 years or over by 2030. In addition, increase in number of anti-aging procedures in geriatric population boost the anti-aging service market analysis. For instance, according to International Society of Aesthetics and Plastic Surgery (ISAPS), in 2020, it was reported that in 2020, 208,786 botulinum toxin procedures were performed in the age group of 65 and above over the globe. In addition, rise in number of dermal filler procedure fuels the anti-aging service market forecast period. For instance, according to International Society of Aesthetics and Plastic Surgery (ISAPS), it was reported that in 2020, 4,053,016 hyaluronic acid procedures were performed over the globe.
Increase in number of licensed medical centers to conduct anti-aging services fuels the growth of anti-aging services market. The reason behind increasing number of medical centers is attributed to increase in number of professionals. The increasing number of botulinum toxin, chemical peeling, microdermabrasion, laser resurfacing anti-aging skin treatments and dermal fillers in clinics and hospitals drive the growth of the market. Moreover, increase in demand for anti-aging procedure in female population due to fine lines and wrinkles anticipated to fuel the market growth. Moreover, rise in self-awareness among old age people about the aesthetic appearance and increase in the awareness regarding availability of different anti-aging procedure among geriatric population anticipated to propel the growth of the anti-aging service market.
The anti-aging service market is segmented type, gender, application, service provider and region.
On the basis of type, the market is classified into dermal fillers, botulinum toxin, chemical peels and others. The botulinum toxin segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in R&D activity in the healthcare sector, and increase in number of botulinum toxin procedure.
On the basis of gender, it is classified into male and female. The female segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in demand for aesthetic procedures, rapidly growing emphasis on personal aesthetics among females, and increase in number of female populations conducting anti-aging services procedure.
On the basis of application, the market is classified into fine line and wrinkle, aged hand, sagging skin and others. The fine line and wrinkles segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to, rise in geriatric population and increase in urge to improve physical appearance in old age people. On the basis of service provider, the market is classified into specialty & dermatology clinics, hospitals and others. The hospitals segment dominated the market in 2021, and is expected to continue this trend during the forecast period, owing to increase in number of hospitals and rise in expenditure by government to develop healthcare sector.
North America accounted for a majority of the anti-aging service market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to rise in number of anti-aging procedures, increase in number of approvals for anti-aging services products, increase in number of anti-aging clinics, and advancements in medical aesthetic sector in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to rise in awareness among geriatric population regarding aesthetics appearance, increase in disposable income and growth in healthcare expenditures.
Key Findings of the Study
- By type, the botulinum toxin segment was the highest contributor to the market in 2021.
- By gender, the female segment was the highest contributor to the market in 2021.
- By application, the fine line and wrinkles segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
- By service provider, the hospitals segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
- By region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- Aesthetic Solutions Inc
- Anti Aging Medical and Laser Clinic
- Anti Aging Toronto Clinic
- Clinical Skincare
- Cutis Dermatology
- Dermamagnetica Clinic
- Elan Aesthetics Inc
- Estique Clinic
- Evolus Incorporated
- Glow Anti Aging Clinic
- Hairline International Hair and Skin Clinic
- Oliva Skin and Hair Clinic
- Pure Luxe
- Pure Luxe Medical
- Sinclair Pharma
- Venus Treatment
- Viva Aesthetic Clinic
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 350 |
Published | July 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 12300.3 million |
Forecasted Market Value ( USD | $ 22167.3 million |
Compound Annual Growth Rate | 6.1% |
Regions Covered | Global |
No. of Companies Mentioned | 17 |