The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s anti aging market report forecasts the anti aging market size to grow to $72.06 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

Learn More On The Anti Aging Market Report 2023 – https://www.thebusinessresearchcompany.com/report/anti-aging-global-market-report

Anti Aging Market Size Forecast
The global anti aging market is expected to grow from $50.1 billion in 2022 to $54.5 billion in 2023 at a compound annual growth rate (CAGR) of 8.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The anti-aging market size is expected to grow to $72.06 billion in 2027 at a CAGR of 7.2%.

North America held the largest anti aging market share, and Asia-Pacific was the fastest-growing region in 2022.

Key Anti Aging Market Driver ­– Increase In Demand For Cosmetic Products
For instance, according to Cosmetics Europe, a European trade association for cosmetics, the cosmetics and personal care industry contribute at least €29 billion (USD 33.14 billion) to the European economy each year, and the number of people who use cosmetics is rapidly increasing, with the number of people using cosmetics in Europe exceeding 500 million by 2020. Hence, the growing demand for cosmetic products is expected to propel the growth of the anti-aging market going forward.

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Key Anti Aging Market Trend – Technological Advancement
Major companies operating in the anti-aging sector are focused on developing new technological solutions to meet consumer demand and strengthen their position. For instance, in March 2021, Laboratoires Pierre Fabre, a France based pharmaceutical and cosmetics company, launched the TRIASORB sun protection product based on its patented technology. TRIASORB is the first organic filter having a special capacity to absorb and reflect damaging sun radiation, such as UVB, short UVA, and long UVA rays, as well as intense visible blue light.

Anti Aging Market Segment
1) By Product Type: UV Absorbers, Anti-Wrinkle Products, Dermal Fillers, Botox, Anti-Stretch Mark Products
2) By Treatment: Hair Restoration, Adult Acne Therapy, Breast Augmentation, Liposuction, Chemical Peel, Other Treatments
3) By Demographic: Generation X, Baby Boomers, Generation Y, Generation Z
4) By Application: Anti-Wrinkle Treatment, Anti-Pigmentation, Skin Resurfacing, Other Applications
5) By End-User: Hospitals, Clinics, Home Healthcare

Anti Aging Market Major Players and Strategies
Major players in the anti aging market are Allergan plc, L’Oréal S.A., Beiersdorf, The Estée Lauder Companies Inc., The Procter & Gamble Company, Shiseido Cosmetics., Unilever PLC, Lumenis, Home Skinovations Ltd., Nu Skin Enterprises Inc., Galderma SA, Koninklijke Philips NV, Alma Lasers, PhotoMedex, Candela Corporation, Hologic Inc., Pierre Fabre S.A., and Galderma SA.

In September 2020, Grifols, S.A., a Spain-based pharmaceutical and chemical manufacturer, acquired Alkahest, Inc., for $146 million. Through this acquisition, Grifols will increase its discovery research and development based on knowledge of the human plasma proteome to find novel treatments for age-related disorders. Grifols and Alkahest will be able to develop new plasma proteins, new uses for presently licensed plasma proteins, biomarkers for diagnostics, recombinant proteins and antibodies, as well as small-molecule medications, thanks to this special proteomic platform of targets. Alkahest is a US-based clinical stage biopharmaceutical company committed to fully comprehending the human plasma proteome and specializing in plasma proteins and their recombinant equivalents that have been identified as potential medicinal drugs.

The Anti Aging Global Market Report 2023 covers regional data on anti aging market size, anti aging market trends and drivers, opportunities, strategies, and anti aging market competitor analysis. The countries covered in the anti aging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Anti-aging refers to a term used to describe substances meant to slow down or stop the ageing process. It is described as a method for halting, delaying, or reversing the ageing process in humans.

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