Growing Awareness about Aging Signs Drives Anti-aging Market in Asia, Europe, and South America

The demand for restoring younger looks by repairing aging skin has given the world of beauty a new avenue for growth. For several cosmetologists and health care professionals, developing anti-aging solutions has become a mission in terms of delivering effective products and earning massive revenues. The proliferating industry has been constantly introducing products to serve a huge clientele, which is perpetually looking for these solutions to enhance looks.

Innovations to Deliver Better Products Expected in Coming Years

Several luxury brands are working with scientists and research institutes to experiment with various plant and animal extracts, minerals, and chemicals to develop products that will aggressively defy aging signs. For instance, Chanel is working with Harvard scientists to identify a plant compound that has the capability of restoring tensin levels. However, researchers are still working to be sure that the compound shows the same results on human skin as it shows on cells in the lab.  
 

Anti-aging Products, Services, and Devices market to Reach US$30.9 bn by 2020

With such innovations and high-tech research, the anti-aging products, services, and devices market in Europe, South America, and Asia is set to reach a figure of US$30.9 bn by 2020, rising from close to US$15.3 bn in 2012. The market is expected to register a CAGR of 9.3% from 2014 to 2020. The growing awareness amongst the overall population to retain younger looking skin, aggressive marketing campaigns, and growing interest in a health and beauty regimen are driving the anti-aging products, services, and devices market in Europe, South America, and Asia. This market is also being supported by the increasing pool of geriatrics and high awareness of aging signs amongst generation X and generation Y.

The anti-aging products, services, and devices market in Europe, South America, and Asia is segmented on the basis of product, service, device, and country. The products available in this market are anti-stretchmark products, dermal fillers, UV absorbers, botox, hair color, and anti-wrinkle products. The services offered in this market are anti-pigmentation therapy, anti-adult acne therapy, liposuction, sclerotherapy, abdominoplasty, breast augmentation, chemical peel, hair restoration therapy, and eye lid surgery. The devices in this market are anti-cellulite treatment devices, microdermabrasion devices, laser aesthetic devices, and radio frequency devices. The anti-aging products, services, and devices market in Europe, South America, and Asia is divided into countries such as India, China, Japan, Germany, South Korea, the U.K., Italy, Spain, France, and Brazil.

Asia to Lead the Market due to Significant Base of Aging Population

Some of the top players in the anti-aging products, services and devices market in Europe, South America, and Asia are Allergan, Inc., Beiersdorf AG, Alma Lasers Ltd., Cynosure, Inc., L'Oreal SA, Coty, Inc., Solta Medical, Inc, Lumenis Ltd., Personal Microderm (PMD) (Age Sciences, Inc.), and PhotoMedex, Inc. Of all the product segments, anti-wrinkle products held a dominant share in the Asia market in 2013. Furthermore, 40% of Asians show the most common signs of aging such as gray hair and wrinkles, which will propel this market in the region.

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