Global Anti-aging Product Service and Device Market Set to Soar Beyond USD 101,843.40 Million by 2034

The global anti-aging product service and device market is poised for tremendous growth, projected to reach a valuation of USD 101,843.40 million by 2034, up from USD 60,764.40 million in 2024, according to the latest market insights. This remarkable expansion represents a compound annual growth rate (CAGR) of 5.30% over the forecast period from 2024 to 2034.

Presently, as more people are paying attention to how men and women of all ages look, there is an amplifying demand for anti-aging product services and devices. Demand escalates, as consumers are aware of age-related skin problems like dull skin, fine lines, and wrinkles, and spend money on products aiding them to look their best.

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A major impediment to the anti-aging product device market is the high cost of the products. While some consumers are willing to pay a high price for accurate anti-aging treatments. The high cost makes it unobtainable for many people. This hinders market growth and constrains anti-aging product device manufacturers from acquiring a wider audience. The high-cost results in consumers’ suspicion, they sometimes ponder if the benefits are even worth the spend or not.

North America garners a significant anti-aging product service market share because of the intensifying cognizance regarding personal care, booming pollution, stress, and unhealthy ways of living. The spurring disposable income, together with the soaring importance of appearance ushers the global anti-aging product service and device market.

“The anti-aging product service market exhibits an optimistic growth opportunity, thrusted by amplifying customer awareness, technological innovations, and the aging population demographic. The surged concentration on wellness evolves anti-aging product service and device market expansion upwards, with varied opportunities for progressions and entry into the market.”, comments an analyst at FMI.

Key Takeaways 

• The anti-wrinkle treatment segment in the application category to possess a share of 24.70% in 2024.
• In the product type category, the moisturizers segment to gain a share of 18.80% in 2024.
• Between 2024 and 2034, India anti-aging product service and device industry imply growth at a CAGR of 7.80%.
• From 2024 to 2034, Thailand anti-aging product device market equates at a CAGR of 5.70%.
• Malaysia anti-aging product service and device market implies escalation at a CAGR of 5.30% through 2034.
• Indonesia anti-aging product market signifies a CAGR of 4.80% between 2024 and 2034.
• Through 2034, France anti-aging product service and device industry show escalation at a CAGR of 4.750%.
• Spain anti-aging product service market exhibit an upsurge at a CAGR of 4.530% between 2024 and 2034.
• Italy anti-aging product service and device market reflects expansion between 2024 and 2034 at a CAGR of 4.310%.
• Germany anti-aging product service market indicates a CAGR of 3.80% from 2024 to 2034.
• The United Kingdom sales of anti-aging product services and devices indicate a CAGR of 3.20% through 2034.
• Canada anti-aging product service and device market signifies a CAGR of 2.60% through 2034.
• The United States anti-aging product service and device industry implies augmentation at a CAGR of 1.80% between 2024 and 2034.

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Competitive Landscape

Owing to the presence of an array of domestic and foreign anti-aging product service and device vendors, there is intense competition in the market. To maintain their position in the market, the majority of anti-aging product service and device manufacturers are embracing an assortment of expansion procedures, including collaboration, acquisitions, mergers, and product launches.

Contemporary Evolutions

• In September 2021, Aesthetics Biomedical Inc., a regenerative aesthetics medical equipment and eminent skin care firm rooted in the United States, launched scientific findings through its research and development schemes for its radio frequency micro-needing device (RFMN), Vivace, obeying the amplifying demand for minimally invasive systems to address anti-aging and skin care techniques.
• In January 2021, a South Korean brand owned by Amorepacific, ‘Innisfree’ launched an anti-aging line known as ‘Black Tea Youth Enhancing’ in Singapore after experiencing significant success in South Korea.

Pivotal Anti-aging Product Service and Device Producers

• Allergan Inc.
• Beiersdorf AG
• Coty Inc.
• Cynosure Inc.
• Personal Microderm (PMD)
• Age Sciences Inc.
• Lumenis Ltd.
• Solta Medical Inc.
• Nestle

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Key Segments

By Application:

• Anti-pigmentation Therapy
• Anti-cellulite Treatment
• Anti-wrinkle Treatment
• Acne Management
• Scar Treatment
• Others

By Product Type:

• Creams
• Moisturizers
• Retinols
• Dermal Fillers
• Botulinum Toxin
• Chemical Peels
• Cellulite Treatment
• Non-surgical Fat Reduction
• Others

By Distribution Channel:

• Dermatology Clinics
• Hospitals, Pharmacies, Drugstores
• Rejuvenation Centers
• Others

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• China
• Japan
• Asia Pacific
• Middle East and Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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