Anti-Aging Services Market

Anti-Aging Services Market Research, 2031

The global anti-aging service market size was valued at $12.30 billion in 2021, and is projected to reach $22.17 billion by 2031, growing at a CAGR of 6.1% from 2022 to 2031.Aging causes degeneration of body over time, which impacts on health fitness and physical appearance. Anti-aging services are non-invasive aesthetic procedures specifically designed to reduce aging signs that include file lines, wrinkles, uneven skin tone, open pores, facial volume loss. Anti-aging services are applicable in both gender male and female. Hospitals, dermatology clinics and beauty salon offer anti-aging services such as botulinum toxin injection, dermal fillers, chemical peel, facial rejuvenation, laser skin resurfacing, Full Field Ablative, Micro-Ablative Resurfacing and others. Dermal fillers include hyaluronic acid (HA), calcium hydroxylapatite (CaHA), poly-L-lactic acid, polymethyl-methacrylate microspheres (PMMA). Along with facial wrinkles, anti-aging services also treat aged hands, sagging skin and aged neck.

The COVID-19 outbreak is anticipated to have a negative impact on growth of the global anti-aging services market. Implementation of lockdown, owing to COVID-19 outbreak resulted in decline in number of patient visits for anti-aging services during the pandemic. Moreover, cancellation of non-emergency aesthetic procedures such as dermal filler, botulinum toxin, chemical peels and facial rejuvenation hamper the market growth. In addition, decreased disposable income among population due to pandemic hinder the growth of the anti-aging services market.

Growth of the global anti-aging service market size is majorly driven by increase in number of anti-aging services, rise in number of product launches and product approvals in the field of anti-aging treatment and rise in self-awareness among geriatric population regarding physical appearance. Moreover, increased urge to look beautiful cause rise in adoption of anti-aging services treatment in the female population, and drive the growth of the anti-aging service market. Thus, this factor is anticipated to fuel the growth of market. For instance, according to International Society of Aesthetic Plastic Surgery (ISAPS), in 2020, 14,400,347 non-invasive aesthetic procedures were performed worldwide. As per the same source, it was also reported that around 6,213,859 botulinum toxin procedures were performed over the globe. Moreover, according to American Society of Plastic Surgeons (ASPS), in 2019, 5,043,057 botulinum toxin procedures were performed in the U.S. As per the same source, 3,816,274 dermal fillers procedures were performed over the globe.

Increase in self-awareness in geriatric population regarding availability of anti-aging services and effectiveness of these services propels the demand for anti-aging services treatment. Moreover, global anti-aging service market trends is being fueled by factors such as increase in sedentary lifestyles, greater concern for physical appearance, rise in number of celebrity and professional women, and rise in disposable income. In addition, rise in the number of anti-aging service industry for product launch in anti-aging services sector fuels the anti-aging service market analysis. For instance, in February 2021, Merz Aesthetics a medical aesthetics company announced the launch of Belotero Balance (+) which is hyaluronic acid dermal filler and used to treat facial lines and wrinkles in the lower face. The Belotero Balance are used in various clinics such as The Laser and Skin Clinic (UK), and Samara MedSpa CT (U.S). Thus, this factor propels the growth of the market. Moreover, increase in geriatric population boosts the market growth. For instance, according to the United Nation, in 2019, it was reported there were 703 million individuals aged 65 years or above across the world. The number of aging people is projected to double to 1.5 billion by 2050. Moreover, increase in adoption of non-invasive aesthetic procedures by geriatric population is anticipated to fuel the market growth. For instance, according to American Society of Plastic Surgery, in 2020, it was reported that around 3,241,608 non-invasive cosmetic procedures were performed in the age group of 55-69 years in the U.S.  

On the other hand, high cost of anti-aging services anticipated to hinder the anti-aging service market growth. Moreover, risk associated after anti-aging services procedure such as skin irritation, temporary discomfort, redness and swelling and pigment changes hamper the growth of anti-aging services market.

Anti-Aging Services Market Segmentation

The anti-aging services market is segmented into type, gender, application and service provider. On the basis of type, the market is segmented into dermal fillers, botulinum toxin, chemical peels and others. Dermal fillers segment includes hyaluronic acid (HA), calcium hydroxylapatite (CaHA), poly-l-lactic acid and polymethyl-methacrylate microspheres (PMMA). Others includes microdermabrasion, laser resurfacing anti-aging skin treatments. On the basis of gender, the market is bifurcated into male and female. On the basis of application market is divided into fine line and wrinkle, aged hand, sagging skin and others. Others includes uneven skin ton, volume loss, aged neck. On the basis of service providers market is divided into specialty & dermatology clinics, hospitals and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Segment Review

The botulinum toxin segment dominated the market in 2021, and is expected to continue this trend throughout the forecast period, owing to increase in R&D activity in the healthcare sector, and increase in number of botulinum toxin procedure. On the other hand, the dermal fillers segment is expected to witness considerable market growth during the forecast period, owing to rise in effectiveness of dermal fillers and technological advancement in the field of anti-aging treatment.

The female segment dominated the market in 2021, and is expected to continue this trend throughout the forecast period, owing to increase in urge to look beautiful among female population and rise in disposable income.  On the hand, male segment is expected to witness considerable market growth during the forecast period, owing to increase in the awareness regarding availability of anti-aging services in male population and change in lifestyle, increased media influence and rise in disposable income.

The fine lines and wrinkles segment dominated the market in 2021, and is expected to continue this trend throughout the forecast period, owing to rise in geriatric population and increase in urge to improve physical appearance in old age people. However, the others segment is expected to witness considerable growth during the forecast period, owing to rise in incidence of old age skin, uneven skin texture and skin pigmentation and increase in the number of anti-aging treatment options.

The hospitals segment dominated the market in 2021, and is expected to continue this trend throughout the anti-aging service market forecast period, owing to increase in number of hospitals and rise in the expenditure by government to develop healthcare sector. However, the specialty & dermatology clinics segment is expected to witness considerable growth during the forecast period, owing to increase in number of professionals who perform anti-aging services and rise in awareness in population regarding availability of anti-aging treatment in dermatology clinics.

The North America market was dominant, in terms of revenue among other regions in 2021, owing to rise in number of anti-aging services procedures, increase in number of approvals for anti-aging services products, presence of anti-aging service industry, and advancements in medical aesthetic sector in the region. On the other hand, Asia-Pacific was the second-largest contributor in the market in 2021, and is expected to register fastest CAGR during the forecast period, owing to rise in awareness among geriatric population regarding aesthetics appearance and growth in healthcare expenditures.

Some of the major companies that operate in the global anti-aging service market share include Aesthetic Solutions Inc., Anti-Aging Medical & Laser Clinic, Anti-aging Toronto clinic, Clinical Skincare, Cutis Dermatology, Dermamagnetica Clinic, Elan aesthetics Inc., Estique clinic, Evolus, Glow Anti-Aging Clinic, Hairline International Hair & Skin Clinic, Oliva Skin and hair clinic, Pure Luxe, Pure Luxe Medica, Sinclair Pharma, Venus treatment, Viva Aesthetic Clinic.        

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the anti-aging services market analysis from 2021 to 2031 to identify the prevailing anti-aging service market opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the anti-aging services market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global anti-aging services market trends, key players, market segments, application areas, and market growth strategies.

 Anti-Aging Services Market Report Highlights