Due to rise in aging populations in several developed and developing countries, the anti-aging products and therapies market will grow robustly over the forecasted period. In addition to this, the rising number of medical tourism for cosmetic procedures, as well as technological advancement in the field of anti-aging will further escalate the demand for anti-aging treatments and ultimately anti-aging products. Moreover, the growing adoption of minimally invasive anti-aging treatments and introduction to non-invasive laser treatments will attract global population. However, some of the severe side effects for the skin treatments might stagnate the demand for anti-aging products and treatments. Aging relates to maturing or growing old in terms of endurance, agility, strength, basal metabolism, speed of reaction, hearing acuity and many others. In case of geriatric population, the skin drier & less elastic; bones are comparatively brittle, and the teeth are shed.
This growth is primarily driven by Increasing Geriatric Population across the Globe will boost the Demand and Rising Health Consciousness Among Consumers.
Globally, a noticeable market trend is evident Introduction to Highly Advanced Skin Treatments such as Neuromodulators For Tauter Skin
. The Diseases & Therapeutic Areas sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Allergan plc (Ireland), Ipsen (France), Lanzhou Institute of Chemical Physics, Chinese Academy of Sciences (China), Estee Lauder Companies Inc. (United States), Avon Products, Inc. (United Kingdom), Galderma S.A. (Switzerland), LG Life Sciences, Ltd. (South Korea), Bohus Biotech AB (Sweden), Imeik Technology Development Co Ltd (China), Merck & Co., Inc. (United States) and Gaoxin Zhangtong Co. Ltd. (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2019, a private equity firm, "Gryphon" has acquired RoC Skincare, This acquisition is beneficial in providing innovative products and complete skincare solution. It’s also useful for the company to expand its business portfolio in different regions.
On January 23, 2018, Estee Lauder introduced an Instant Wrinkle Filler Tri-Polymer Blend, which is beneficial in delivers filling spheres to decrease the look of fine lines and with repeated use, also helps the skin increase collagen production and promote cell turnover.
“According to Food and Drug Administration (FDA), it’s denoted that, cosmetics must be safe when consumers use them according to product labeling, or the way in which the products are customarily used. But the law does not require cosmetics to be approved by FDA before they go on the market. Drugs, however, must have FDA approval for both safety and effectiveness before they go on the market. Similarly, medical devices must go through FDA’s clearance process”.
- Increasing Geriatric Population across the Globe will boost the Demand
- Rising Health Consciousness Among Consumers
- Introduction to Highly Advanced Skin Treatments such as Neuromodulators For Tauter Skin
- Adoption of New Age Fillers like Hyaluronic acid and Calcium Hydroxyapatite Fillers
- Significant Side-Effects of the Dermal Treatments for instance; Chemicals Available in Cosmetic Products are Found in Biopsies from Breast Tumors
- Excessive Use might Disturb the Hormone Function of Consumer
Growing Use of Botox injections and Ongoing Research and Developments in Developing Highly Advanced Treatments and Introduction to EmsculptTM From BTL Aesthetics which can tone Muscles in the Abdomen and Buttocks
Stringent Government Regulations in Drug Development and Healthcare Industry
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AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
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Against this Challenging Backdrop, Anti-Aging Products and Therapies Study Sheds Light on
The Anti-Aging Products and Therapies Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Anti-Aging Products and Therapies industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Anti-Aging Products and Therapies industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.