Anti-aging is proving
to be a lucrative business with products and services such as anti-wrinkle
treatments and products, hair restoration treatments, hair color, radio
frequency-device based treatments, and breast augmentation becoming much sought
after worldwide. In a new market report published by U.S.-based market
intelligence firm Transparency Market Research, the global market for these
anti-aging treatments and products will grow to USD 191.7 billion by 2019, from
being worth USD 122.3 billion in 2013. This marks a compounded annual growth
rate (CAGR) of 7.8% between 2013 and 2019.
Browse full Report: http://www.transparencymarketresearch.com/anti-aging-market.html
What are the major segments within the anti-aging market?
From the biological
perspective, aging is defined as the deterioration and/or decline of functional
properties at three main levels: cells, tissues and organs. This process is
essentially a cycle of biochemical activities that are brought about in the
body by various factors that work both internally and externally. Arguably, age
affects the beauty, fitness, and health of an individual.
The anti-aging market
comprises a number of technologies and products as well as services and devices
aimed at mitigating or reversing the signs of aging. A number of technological
breakthroughs and advances have shaped the attributes of the anti-aging
industry as well as the way market players’ reach in the market.
As compared to
anti-aging devices and services, the category of anti-aging products
demonstrates easy adoptability.
The anti-aging
services segment is classified as cosmetic surgeries/procedures and non-invasive
treatments, both of which are required to be practiced by certified
practitioners, plastic surgeons, or trained and qualified beauty therapists.
The market for anti-aging services is projected to demonstrate a CAGR of 5%
between 2013 and 2019.
The market for
anti-aging products is the largest in terms of revenue generation. The products
market also holds potential for the introduction of new, safe, and efficient
products.
This is a market that
is still considered to be in its evolutionary stage, and it faces a certain
degree of skepticism among consumers. However, the compliance of manufacturers
with stringent regulatory mandates and the use of cutting-edge technology have
restored faith in these products, services and devices to some extent.
What are the factors fueling the anti-aging market?
The anti-aging market
is of special importance from the standpoint of the generation of Baby Boomers
- a generation that was born between 1946 and 1964. This is a generation that
witnessed a transformational era of revolutions and inventions. The Baby
Boomers-widely regarded as the most successful generation in the 20th century -
is now an aging generation that is nearing the age of retirement.
This makes them a
consumer segment that shows maximum potential for the consumption of anti-aging
products, services, and devices. The awareness among this generation pertaining
to the availability of anti-aging products in the market is growing.
According to reports,
the first Baby Boomers reached the age of retirement in 2012. Figures also
indicate that over the next 18 years, nearly 8000 individuals per day from
this generation will turn 65.
The geographical perspective
Asia-Pacific and Rest
of the World (RoW) are two regions that are projected as being most lucrative
for the anti-aging market. Within this region, countries such as Japan, China,
South Korea and India are expected to emerge as the most sought-after
destinations for anti-aging treatments and cosmetic surgeries.
This aspect is only
bolstered by the fact that the governments of these nations are introducing
various methods to promote medical tourism. In the RoW segment, Mexico and
Brazil are being viewed as companies that will attract a significant share in
the anti-aging market. These countries are witnessing rapid development on the
economic front and there is a simultaneous growth in awareness pertaining to
anti-aging treatments, therapies and products among both men and women. This
has paved the way for Brazil and Mexico to rank among the most attractive
markets in the future.
Browse Full Anti-Aging
Market Report With TOC @ http://www.transparencymarketresearch.com/anti-aging-market.html
About Us:
Transparency Market Research
is a market intelligence company providing global business information reports
and services. Our exclusive blend of quantitative forecasting and trends
analysis provides forward-looking insight for thousands of decision makers.
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highly experienced team of Analysts, Researchers and Consultants, who use
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