The anti-aging
market size is set to cross $219.0 billion by 2025, growing at a CAGR of
8.0% between 2017-2025. Technological advancements, increase in volume of
anti-aging procedures, growing aging population and increase in disposable
income have been driving the anti-aging industry. The market is further
expected to gain revenue due to increase in anti-aging awareness campaigns. For
instance, EuroMediCom organized the 15th Aesthetic & Anti-Aging Medicine
World Congress from 6th April to 8th April, 2017, in Monaco.
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In terms of the type of device, the anti-aging market is classified into radiofrequency devices,
laser devices, anti-cellulite devices, and microdermabrasion devices. Radiofrequency
(RF) devices are expected to be the largest segment in the global market in
2025. Many advantages of RF devices, which include skin tightening, aesthetic
enhancement, cellulite, and body contouring are driving the growth of the
market.
In terms of demography, the anti-aging market is classified
into generation X, baby boomer, and generation Y. Generation X is expected to
be the largest segment in the global market in 2025. Increase in the volume of
aesthetic procedures on generation X is going to drive the growth of the
market.
The major players in the anti-aging market are launching new
products to improve their position in the market. For instance, in November
2016, Cynosure, Inc. received the clearance of its next-gen platform
technology, Icon Aesthetic system from China Food and Drug
Administration(CFDA). This technology platform is going to provide various
treatments including facial vessel and pigment clearance, wrinkle reduction,
scar and stretch mark treatment through a single system.
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Some of the key players in the anti-aging market
include The Proctor & Gamble Company, Beiersdorf AG, Allergan Plc., The
Estee Lauder Companies Inc., Nu Skin Enterprises, Inc., Coty Inc., Cynosure,
Inc., Lumenis Ltd., Syneron Medical Ltd., Photomedex Inc., Orlane, Personal
Microderm and Alma Lasers Ltd.
Source: P&S Intelligence
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