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 drugs market report forecasts the anti aging drugs market size to grow to $71.55 Billion by 2027, with a CAGR (compound annual growth rate) of more than 7%.

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Anti Aging Drugs Market Size Forecast
The global anti aging drugs market is expected to grow from $49.91 billion in 2022 to $53.76 billion in 2023 at a compound annual growth rate (CAGR) of 7.7%. 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 global anti-aging drugs market size is expected to reach $71.55 billion in 2027 at a CAGR of 7.4%.

North America held the largest anti aging drugs market share.

Key Anti Aging Drugs Market Driver ­– Rise In The Aging Population
According to the World Health Organisation, a Swiss-based international public health organisation, by 2030, one out of every six people on the planet will be over 60, and by 2020, the number of elderly people will have increased by 1 billion to 1.4 billion. Furthermore, according to Eurostat, the European Union’s statistical office, elderly people (aged 65 and above) made up 21.1% of the population (a 0.3% point (pp) increase from the previous year and a 3.1% pp increase from ten years prior). As a result, the ageing population is propelling the anti-aging medications market forward.

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Key Anti Aging Drugs Market Trend – Product Innovations
Companies in the anti-aging drug sector are embracing new creative products to maintain their market position. SkinCeuticals, a US-based advanced skincare firm, for example, developed a new correction cream A.G.E Interrupter Advanced in April 2023. The product strengthens the collagen matrix. Wild fruit flavonoids, glycyrrhetinic acid, and concentrated proxy lane (20% more than the original A.G.E Interrupter) are included in the mix. A.G.E. Interrupter Advanced goes above and beyond ordinary anti-aging products by targeting all phases of the glycation process, correcting current ageing indications, and guarding against new and recurring A.G.E. damage.

Anti Aging Drugs Market Segment
1) By Product: Serums, Creams, Gels, Other Products
2) By Drug Class: Hormonal Therapy, Antioxidants, Enzymes, Stem Cells
3) By Type: Injectable, Oral, Topical
4) By Ingredient: Retinoid, Hyaluronic Acid, Alpha Hydroxy Acid, Other Ingredients
5) By Drug Application: Skin And Hair, Skeletal And Muscles, Age Related Disorders, Other Applications

Anti Aging Drugs Market Major Players and Strategies
Major players in the anti aging drugs market are L’Oréal, Galderma, Merz Pharma, Sanofi, Elysium Health Inc., Estée Lauder Companies Inc., AbbVie Inc., La Roche- Posay, Nu Skin Enterprises Inc., Dermafix Biotech Private Limited, Procter & Gamble, Johnson & Johnson Services Inc., Sun Pharmaceutical Industries Ltd., BioTime Inc., and Daewoong Pharmaceutical Co Ltd.

AbbVie Inc., a US-based pharmaceutical firm that discovers and delivers new medicines, paid $63 billion for Allergan plc in July 2021. This acquisition is intended to boost AbbVie’s position as a well-diversified leader in key therapeutic categories. Allergan plc is a pharmaceutical firm established in the United Kingdom that manufactures medical aesthetics medications and medical equipment, including anti-aging skin care products.

The Anti Aging Drugs Global Market Report 2023 covers regional data on anti aging drugs market size, anti aging drugs market trends and drivers, opportunities, strategies, and anti aging drugs market competitor analysis. The countries covered in the anti aging drugs 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 drugs are medications or supplements that are intended to halt or reverse the ageing process. It tries to repair any age-related ailment by addressing the core causes of ageing.

View More Reports Related To The Anti Aging Drugs Market –
AntiHypertensive Drugs Global Market Report 2023
Antivirals Global Market Report 2023
Antifungals Global Market Report 2023

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