Anti-Aging Services Market Overview
The global anti-aging services market has been likely to expand substantially during the forecast period. In 2017, the market held a worth of USD 21.39 billion in 2017. It has been estimated to develop at a 5.47% CAGR over the forecast period.
Increasing urge to remain young coupled with the growing geriatric population, are the key factors driving the development of the anti-aging services market. World Health Organization (WHO) reported that between 2015 and 2050, the proportion of the global populace above 60 years will almost double from 12% to 22%. Additionally, World Health Organization anticipated that by 2020, the number of individuals aged 60 years and above will outnumber kids younger than 5 years. Also, by 2050, 80% of older people will be residing in middle- and low-income nations. Besides, the impact of media and fashion industry, surging need for anti-aging services and drugs, soaring cognizance about the aesthetical industry, and increasing disposable income are propelling the market for anti-aging services.
However, the probable risks associated with anti-aging cures along with the rising cost of some of the procedures are the key factors that hinder the development of the anti-aging services market to some extent.
Anti-Aging Services Market Segmentation
The worldwide anti-aging services market has been segmented into service provider and type of service.
By type of service, the market has been segmented into breast augmentation, microdermabrasion, liposuction, chemical peel, sclerotherapy, intense pulsed light, Botox treatment, dermal fillers, and others. In 2017, the microdermabrasion segment has been estimated to register the largest share in the worldwide anti-aging services market. The large share has been widely credited to the surging acceptance in various regions, greater acceptance of the procedure, enhanced outcomes as compared to other services, and improved patient compliance. During the forecast period of 2018 to 2023, the liposuction segment has been anticipated to represent the second largest market.
By service providers, the market has been segmented into salons, dermatology clinics, hospitals, and others. In 2017, dermatology clinics segment recorded the biggest share in the worldwide anti-aging services market followed by hospitals segment. The key share of the dermatology clinics is mostly credited to the extended range of anti-aging services offered by such specialty clinics.
Anti-Aging Services Market Regional Analysis
Region wise, the Americas has been estimated to lead the worldwide anti-aging services market on account of the surging disposable income, flourished healthcare infrastructure, rising adoption of the anti-aging services by the residents of the US, and improved cognizance about the body aesthetics. Additionally, the huge impact of the film and fashion sector in the US has caused augmented demand generation for the aesthetic and beauty services including the anti-aging services. The sum of all the above-mentioned factors have been playing substantial roles in encouraging the market growth in the Americas. Europe has been estimated to represent the second largest market share in the worldwide anti-aging services market. Factors like increasing demand for aesthetic cure, acceptance of anti-aging treatments, and expanding geriatric population in the region, can be considered responsible for propelling the anti-aging services market growth. The Middle East & Africa region has been estimated to reflect minor growth potential in the anti-aging services market over the forecast period. The Asia-Pacific region has witnessed an exponential growth in the anti-aging services market due to the demand for cost-effective anti-aging services coupled with soaring disposable income. Besides, swiftly progressing medical tourism sector along with growing beauty consciousness in developing economies are estimated to increase growth opportunities in the lucrative markets of the Asia-Pacific region.
Browse Full Report with TOC at: https://www.marketresearchfuture.com/reports/anti-aging-services-market-7579
Anti-Aging Services Market Key Players
The global anti-aging services market has been dominated by key players such as Alma Lasers, Allergan Inc., Cynosure Inc., Beiersdorf AG, Elizabeth Arden, Cutera Inc., Estee Lauder Inc., Procter & Gamble, Lumenis, Solta Medical Inc., and others