Anti-Aging Market Size, Share, Growth, Trends, and Global Industry Analysis: By Product Type (UV Absorbers, Anti-wrinkle Products, Dermal Fillers, Botox, and Anti-stretch Mark Products), By Devices (Anti-Cellulite Treatment, Laser Aesthetic Devices, Microdermabrasion Devices, Radiofrequency Devices, and Others), By End-user (Hospitals, Clinics, and Home Healthcare), and Region

Anti-Aging Market size was valued at US$ 67.2 billion in 2023 and is poised to grow at a CAGR of 7.7% from 2024-2030. The main factors driving the growth of the market are the growing number of anti-aging seminars and conferences, growing consumer disposable incomes, the rising geriatric population, continued technical developments in anti-aging products, the expansion of the medical tourism industry, and the increasing amount of cosmetic anti-aging processes. However, as a result of the current COVID-19 pandemic, governments in many countries are taking steps to curb the spread of the disease by restricting activity. Countries are currently concentrating on COVID-19's economic and health challenges.

In such a situation, the global manufacturers of anti-aging products have suffered a negative impact due to this crisis, which, in turn, is temporarily hampering the growth. Furthermore, technological developments and increased investment in research and development by leading players for the creation of extremely safe and effective skin-care solutions are likely to boost the market. As a result, there is a potential market for anti-aging gadgets and cosmetic plastic surgery operations over the projection period, thanks to rising awareness and adoption of anti-aging remedies. However, over the projected period, the market is expected to be hampered by strict regulatory standards for devices and societal stigma in particular populations.

Key Developments

• In March 2020, Lumenis Ltd. launched Stellar M22, which is the next generation of its multi-application platforms for skincare. The platform includes an improved user interface with a larger screen that enables faster treatment and a more comfortable consultation process from a distance.
• In January 2020, Revlon Inc. launched NEW Total Color, a high-performance, vegan, and clean permanent hair color that offers almost complete coverage of grey hair.
• In November 2019, Hope Smith, a U.S. model launched her own skincare brand MUTHA, with two products that help pregnant women treat their stretch marks.