The anti-aging services market is at a compound annual growth rate (CAGR) of 5.3% during the forecast period from 2025 to 2033. Aging is a biological process of becoming older which is characterized by changes in physical appearances such as greying of hair, wrinkles on face, saggy skin and decreased skin tone and texture. Oxidative stress and unhealthy eating habits stimulates the formation of free radical species which promotes cellular aging. Rising external appearance consciousness and availability of diverse range anti-aging products drive the anti-aging services market growth.
"Increasing obesity and technological advancement has led to the market growth for liposuction procedures"
Liposuction procedures are reigning the type segment for anti-aging services market. The key attributes responsible for its increasing demand are rising prevalence of obesity due to unhealthy lifestyle and craving for junk food. Technological advancement in the surgical procedures related to liposuction of abdominal fat and proactive marketing via social media consolidates the liposuction procedure market growth. Botox are gaining tremendous attraction from baby boomer population and recent announcement of positive clinical trial studies of botox high dose tolerance in patients suffering with glabellar lines.
"Increasing aging process due to stressful lifestyle and active participation on social media bolster generation X market growth for anti-aging services"
Generation X is dominating the demographics segment for anti-aging services market. The generation born between 1965 to 1980 are called as generation X. Currently they are being exposed to immense stress at workplace and are highly active on social media platform, hence increasing anti-aging products brand awareness among their population base. Generation Y is set to enjoy rampant growth during the forecast period owing to increasing demand for popular luxury skincare brand such as Elizabeth Arden and Estee Lauder. It comprises of millennial consumers which actively follow latest fashion trend, and growing consciousness for external appearance consolidates the anti-aging services market growth.
"Rising aged population and increasing demand for physical aesthetics and wellness drive the market growth in North America"
North America is the supreme leader in the regional segment for anti-aging services market. It holds a market share of 33% due to key factors such as rising aged population and increasing demand for physical appearance and wellness. Domicile of major players providing anti-aging services such as Allergan, Inc., Procter & Gamble, Lumenis, Ltd. etc. bolster the market growth in North America region. Europe is accountable for 30% market share and is the second largest regional market. Large disposable income and increasing brand awareness for luxury and beauty products propel the anti-aging services market in Europe. Asia Pacific currently holds 20% share and is set to register impressive growth in the near future owing to proactive utilization of social media platform to promote anti-aging business propaganda and rise in per capita income.
Pharmaceutical companies providing anti-aging services market are Allergan, Inc., Elizabeth Arden, Procter & Gamble, L’Oreal SA, Cynosure SA, Age Sciences, Inc., Estee Lauder, Inc., Solta Medical, Inc., Beiersdorf AG and Lumenis, Ltd.
Historical & Forecast Period
This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Anti-aging Services market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2023-2033 |
Base Year | 2024 |
Forecast Period | 2025-2033 |
Historical Year | 2023 |
Unit | USD Million |
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Demographics
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Region Segment (2023-2033; US$ Million)
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Key questions answered in this report