Anti-Aging Market Analysis and Forecast 2021-2027, Syneron Medical Ltd., Nu Skin Enterprises Inc.


Posted November 23, 2021 by industryno1

VynZ Research is a global market intelligence company providing research reports.

 
Ant-aging is the method to limit or retard the changes of the body with regard to the health, fitness, and physical appearance of an individual via products and services such as plastic surgeries, breast implants, etc. Factors attributing to the growth of the global anti-aging market at a 7.2% CAGR include increasing consciousness among the young and aging population about their physical appearance, a growing number of anti-aging cosmetic procedures, technological development, massive investment in R&D activities, increasing awareness about associated devices through seminars and conferences have propelled the growth of the global anti-aging market.

Hologic Inc.'s Cynosure division has introduced a non-invasive electromagnetic technology called StimSure in Europe and the Middle East. This technology helps strengthen and tone the muscles of the abdomen, buttocks, and thighs by stimulating or contracting the muscles. It results in up to 24,000 muscle contractions in 20-30 minutes for natural-looking results.

The COVID-19 pandemic has had an adverse impact on the anti-aging market as the number of cosmetic procedures in 2020 was minimal. Moreover, governments of various countries have imposed lockdowns, limited manufacturing operations, restrictions on domestic and international trade, disruption in the supply of raw material and the final product has led to a negative impact on the global anti-aging market. However, research published in Aging 2020 suggested that anti-aging drugs like Rapamycin and Doxycycline can treat COVID-19 infection because these drugs can inhibit protein synthesis by blocking viral replication.

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Anti-stretch market and anti-wrinkle products are anticipated to have a substantial share in the anti-aging market product category. The rising demand for the anti-stretch market product owing to the growing prevalence of obesity, specifically in the aging population, and the rising focus of key industry players o launch technologically developed products and devices for treatment of stretch marks will propel the growth in the segment. Moreover, anti-wrinkle products will also have notable growth owing to the rising awareness and growing old-age population. For instance, SofWave Medical has obtained the CE mark for the next generation Sofwave system. It is approved by the European Union for the treatment of fine lines and wrinkles.

North America dominates the anti-aging market owing to the presence of established infrastructure and industry players, rising average life expectancy and the median age, favorable reimbursement policies, companies strengthening their position via R&D and product launch, thereby propelling the growth in the region.
The prominent players in the anti-aging industry include Procter & Gamble Company, Coty Inc., Syneron Medical Ltd., Nu Skin Enterprises Inc., L’Oréal S.A, Allergan plc, The Estée Lauder Companies Inc., Hologic Inc., and Home Skinovations Ltd.

Source: VynZ Research
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Last Updated November 23, 2021