Anti-Aging Market 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, Radio frequency devices, and others), By End user (Hospitals, Clinics, and Home healthcare), and Geography  

Anti-Aging Market size was valued at USD 67.2 billion in 2022 and is poised to grow at a CAGR of 7.7% from 2023-29. The main factors driving the growth of the anti-aging 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 of the anti-aging market. 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 worldwide anti-aging 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.

Anti-Aging Market 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 a faster treatment and 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 had launched her own skincare brand MUTHA, with two products that help pregnant women treat their stretch marks.