USD 12.3 billion
Anti-aging Services Market Size, Share, Growth Analysis, By Type(Surgical Procedures, Non - Surgical Procedures, and Others.), By Application(Hospitals, Specialty Clinics, Medical Spas, and Home-based Services.), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35D2128 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Anti-aging Services Market Insights
Anti-aging Services Market size was valued at USD 13.05 billion in 2022 and is poised to grow from USD 13.84 billion in 2023 to USD 22.23 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024-2031).
The global anti-aging market is driven by the increasing demand for effective solutions to combat the signs of aging and improve overall appearance. As people age, they become more conscious of the visible signs of aging, such as wrinkles, fine lines, and age spots. This has led to a surge in the demand for anti-aging products and treatments, including skincare creams, serums, and cosmetic procedures. Another significant factor fueling market growth is the rising disposable income and changing lifestyle patterns of consumers. With higher disposable incomes, individuals are more willing to invest in premium anti-aging products and treatments that promise visible and long-lasting results. Additionally, changing lifestyle patterns, including increased urbanisation and a focus on personal grooming, have further propelled the demand for anti-aging solutions.
Advancements in technology and product innovation have also played a crucial role in the expansion of the anti-aging market. Companies are investing in research and development to introduce novel and more effective products. These include advanced skincare ingredients, such as peptides, retinol, and hyaluronic acid, which are known for their anti-aging properties. Furthermore, the development of non-invasive cosmetic procedures, such as laser therapy, chemical peels, and injectables, has gained popularity due to their ability to provide quick results with minimal downtime.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Non - Surgical Procedures
Fastest Growth
Growth Rate
6.1% CAGR
Global Anti-aging Services Market ($ Bn)
Country Share for North America Region (%)
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Anti-aging Services Market Segmental Analysis
The global anti - aging services market is segmented based on type, application, and region. Based on type, the market can be segmented into Surgical procedures, Non - surgical procedures and others. Based on application, the market is segmented into Hospitals, Specialty Clinics, Medical Spas and Home-based Services. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Type
Non-surgical procedures have gained significant popularity due to their minimally invasive nature, shorter recovery times, and lower risk compared to surgical alternatives. These procedures include injectables (such as Botox and dermal fillers), chemical peels, microdermabrasion, laser treatments, and non-invasive skin tightening procedures. Non-surgical procedures are favoured by a wide range of individuals seeking anti-aging solutions, including those who are looking for subtle improvements or who prefer non-permanent options.
On the other hand, surgical procedures offer more extensive and long-lasting results, which has contributed to their rapid growth in the anti-aging services market. Surgical procedures include facelifts, eyelid surgery, brow lifts, neck lifts, and various body contouring procedures. These interventions involve surgical techniques, anaesthesia, and longer recovery periods. They are typically chosen by individuals who desire more significant transformations and are willing to undergo a surgical procedure to achieve their desired anti-aging outcomes.
Analysis by Application
Medical Spas, also known as medspas, have emerged as the dominant segment in the anti-aging services market. These facilities combine medical expertise with a spa-like environment, offering a wide range of anti-aging treatments and procedures. Medical spas provide non-invasive and minimally invasive treatments such as cosmetic injectables, laser therapies, skin rejuvenation, and body contouring. The popularity of medical spas can be attributed to the increasing consumer preference for a holistic approach to anti-aging, combining medical expertise and relaxation in a luxurious setting.
On the other hand, Home-based Services are experiencing the fastest growth in the market. With advancements in technology and the increasing demand for convenience, home-based anti-aging services have gained traction. These services include home-delivered skincare products, telemedicine consultations, and at-home treatments for skin rejuvenation and maintenance. The COVID-19 pandemic has further accelerated the adoption of home-based services as consumers sought safe alternatives to in-person treatments. The convenience, privacy, and personalised nature of home-based anti-aging services have contributed to their rapid growth.
Global Anti - aging Services Market By Type
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Anti-aging Services Market Regional Insights
North America has traditionally held a significant share in the anti-aging services market. Factors contributing to its dominance include a well-developed healthcare infrastructure, high disposable income, and a strong focus on personal wellness and appearance. The region has a large market for anti-aging products and services, with a considerable number of specialised clinics and wellness centres offering a wide range of treatments and procedures. Additionally, the presence of key market players and advanced research and development activities further solidify North America's leading position in the market.
The Asia Pacific region is witnessing the fastest growth in the global anti-aging services market. This growth can be attributed to several factors, including a large population base, rising disposable incomes, changing lifestyles, and increasing awareness of aesthetic treatments. As countries in the Asia Pacific region experience economic growth and urbanisation, there is a growing demand for anti-aging services and products. Moreover, advancements in medical tourism and the availability of cost-effective treatments in countries like India, Thailand, and South Korea have contributed to the rapid growth in this region.
Global Anti - aging Services By Geography
- Largest
- Fastest
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Anti-aging Services Market Dynamics
Drivers
Growing Beauty and Wellness Industry
- The beauty and wellness industry has witnessed notable expansion due to evolving lifestyles, heightened emphasis on beauty, and enhanced awareness of self-care practices. Within this industry, anti-aging services have become an integral component, encompassing skincare treatments, spa services, and cosmetic procedures. The demand for these services has grown as individuals strive to maintain a youthful appearance and enhance their overall well-being.
Restraints
Social Stigma
- Despite the increasing popularity of anti-aging services, certain societal stigmas and preconceived notions surrounding cosmetic procedures and aesthetic treatments still persist. Such negative perceptions and judgments from society can discourage individuals from seeking these services, fearing potential criticism or ostracization. These social barriers may act as restraints in the adoption of anti-aging services.
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Anti-aging Services Market Competitive Landscape
The competitive landscape is characterised by constant innovation and technological advancements as players continue to strive for the dominant position. Market players strive to develop novel treatment modalities and products that offer superior results with minimal downtime and fewer side effects. Advanced technologies such as lasers, radiofrequency, ultrasound, and stem cell therapy have gained significant attention and have become integral components of many anti-aging services.
Top Player’s Company Profiles
- Allergan plc (Ireland)
- L'Oreal S.A. (France)
- Estée Lauder Companies Inc. (US)
- Johnson & Johnson (US)
- Procter & Gamble Co. (US)
- Unilever PLC (UK/Netherlands)
- Shiseido Co., Ltd. (Japan)
- Beiersdorf AG (Germany)
- Amway Corporation (US)
- Clarins Group (France)
- Mary Kay Inc. (US)
- Coty Inc. (US)
- Nu Skin Enterprises, Inc. (US)
- Avon Products, Inc. (UK)
- Oriflame Holding AG (Switzerland)
- Kao Corporation (Japan)
- Revlon, Inc. (US)
- Chanel S.A. (France)
- Colgate-Palmolive Company (US)
- The Body Shop International Limited (UK)
Recent Developments
- In July 2023, Allergan announced the launch of its new anti-aging treatment, Juvéderm Voluma. This injectable filler is designed to restore volume to the cheeks and midface, which can help to reduce the appearance of aging.
- In June 2023, Galderma announced the acquisition of Merz Aesthetics. This acquisition will give Galderma a strong portfolio of anti-aging products, including Botox, Dysport, and Kybella.
- In May 2023, Johnson & Johnson announced the launch of its new anti-aging skincare line, Neutrogena Ageless Essentials. This line of products is designed to help reduce the appearance of fine lines, wrinkles, and age spots.
- In April 2023, Revance Therapeutics received FDA approval for its new anti-wrinkle treatment, DaxibotulinumtoxinA. This treatment is a more potent version of Botox and is designed to provide longer-lasting results.
- In March 2023, Cynosure announced the launch of its new laser treatment, PicoSure. This treatment is designed to remove wrinkles, age spots, and other signs of aging.
Anti-aging Services Key Market Trends
- Growing Demand for Personalized and Holistic Approaches to Aging: Consumers are increasingly seeking comprehensive solutions that address not only their physical appearance but also their overall well-being and quality of life as they age. This trend reflects a shift from solely focusing on superficial beauty treatments to a more comprehensive and integrative approach that encompasses skincare, nutrition, exercise, stress management, and mental health. Companies in the anti-aging services market are responding to this trend by offering personalised treatment plans, customised skincare regimens, and lifestyle interventions that promote healthy aging from the inside out.
Anti-aging Services Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global anti-aging services market analysis, the market is driven by a growing aging population, increasing awareness about age-related skin concerns, and advancements in anti-aging technologies. Anti-aging services encompass a wide range of treatments and therapies that aim to rejuvenate and enhance the appearance of individuals, providing a youthful and refreshed look. The rising aging population is a significant driver of market growth. With increasing life expectancy and advancements in healthcare, the number of elderly individuals seeking anti-aging services has been on the rise. The desire to maintain a youthful appearance and improve self-confidence has led to a surge in demand for various anti-aging treatments and procedures. Innovations in dermatology, cosmetic surgery, and minimally invasive procedures have made anti-aging services more accessible and effective.
Non-invasive treatments such as laser therapy, radiofrequency treatments, and chemical peels have gained popularity due to their ability to provide noticeable results with minimal downtime. Moreover, there is a growing awareness about age-related skin concerns and the availability of anti-aging solutions. Factors such as pollution, stress, and lifestyle choices can accelerate the aging process, resulting in skin issues such as wrinkles, fine lines, and age spots. Increased awareness about these concerns, coupled with the availability of diverse treatment options, has propelled the demand for anti-aging services.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 13.05 billion |
| Market size value in 2031 | USD 22.23 billion |
| Growth Rate | 6.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Anti-aging Services Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Anti-aging Services Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Anti-aging Services Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Anti-aging Services Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Anti-aging Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Anti-aging Services Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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