Anti-aging Treatment Market Ready to Surpass US$ 34.49 Billion by 2027

 

Anti-aging Treatment Market

The body is more proficient in restoring lost cells in the early stages of human life because it is healthy and robust. The body's ability to mend and replenish such cells declines as it ages, resulting in cell loss and, as a result, ageing. Furthermore, bad lifestyles such as smoking and excessive intake of packaged foods and alcohol contribute to early ageing. The emergence of dark spots on the skin, drooping skin, lines and wrinkles, dullness, and uneven skin are all signs of ageing. Botulinum toxin therapy, chemical peels, microdermabrasion, and the use of anti-wrinkle and anti-aging treatments all help to slow down the ageing process.

Over the projected period, the growing number of individuals choosing for anti-aging treatments such as microdermabrasion, chemical peels, and others is likely to move the anti-aging treatment market forward. In 2017, the International Society of Aesthetic Plastic Surgery reported that 2,051,984 face rejuvenation operations were performed globally, with 357,753 chemical peels and 268,423 microdermabrasion procedures.

Over the projected period, the Anti-aging Treatment Market is likely to rise due to the increasing launch of innovative and sophisticated anti-aging products. Players in the market are focused on expanding their product portfolios by introducing new and sophisticated anti-aging therapy devices, which is projected to fuel market growth during the forecast period. For example, NuFACE, a supplier of microcurrent treatments in homecare settings, introduced the FIX line smoothing serum and the FIX Line Smoothing Device in January 2019. The gadget, when used in conjunction with the serum, is designed to target fine lines and wrinkles around the lips, eyes, and forehead.

According to Coherent Market Insights, The global Anti-aging Treatment Market is estimated to be valued at US$ 21.06 billion in 2020 and is expected to exhibit a CAGR of 7.3% over the forecast period (2020-2027).

Although ageing is a natural process, external variables such as air pollution, alcohol intake, and UV exposure have been shown to contribute to accelerated ageing of skin cells. Anti-aging creams and lotions are essential in a person's life since they help to maintain a young shine and moisturise the skin. According to a poll conducted by Real Self in 2020, 62 percent of Americans utilised anti-aging products on a regular basis.

Consumer awareness of age-related skin concerns such as fine lines, wrinkles, and dullness, along with a growing willingness to pay on products that help them declare their skin's youthfulness, is likely to boost market demand throughout the forecast period. The global market demand for cosmetics, particularly anti-aging products, was diminished as a result of the COVID-19 epidemic. Sales have plummeted in nations including the United States, India, Brazil, Russia, and the United Kingdom, which are among the worst-affected. Many skincare cosmetics firms have historically relied on China for completed products as well as raw ingredients, disrupting the production and distribution of these items.

A recent shift in customer taste for organic and natural products has emerged from a rising predisposition toward plant-based alternatives. Many firms are offering anti-aging solutions made with chemical-free substances in this regard. For example, Alpyn Beauty, a skincare company, sells a chemical-free Plant Genuismelt moisturiser with bakuchiol that brightens skin and protects it from wrinkles and free radicals.

Furthermore, the natural beauty movement has spawned a slew of cross-over goods. These products combine the benefits of cosmetics with wrinkle treatment to help individuals protect their natural skin. For example, Lancôme, which is part of the L'Oreal group, sells anti-aging genifique serum in its makeup and cosmetics.