The report published by VynZ Research envisages the Global Anti-Aging Market to hit USD 90.2 billion by 2027, registering a CAGR of 7.2% during 2021-2027.
As the scale of anti-aging cosmetic procedures intensifies and the geriatric population grows, the global anti-aging industry is increasing at a substantial pace. Different products added to the anti-aging market size, such as hair dye, anti-stretch lines, anti-wrinkle, and ultraviolet absorbers. Owing to the growing number of botox and dermal filter processes and the alertness of botox care to enhance skin attractiveness, the industry has experienced strong demand for anti-wrinkle in the coming years.
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The Covid-19 outbreak is wreaking havoc on society and the global economy, disrupting the supply chain. The COVID-19 situation is causing uncertainty in the stock market, a major slowdown in supply chains, a drop in corporate confidence, and an increase in panic among customer segments. The report examines and analyses the impact of COVID-19 crisis on the Global Anti-Aging Market, providing in-depth analysis and expert recommendations on how to deal with the post COVID-19 period.
The key growth factors for the anti-aging industry are rising disposable income, intensifying the number of anti-aging cosmetic treatments, expanding the geriatric population, increased exposure to ageing symptoms, and the increased need for skin care products. Escalating number of campaigns, seminars, and conferences are also facilitating the growth of the market.
The growth of the anti-aging market is also facilitated by technological advancement in anti-aging products, increasing consumer inclination towards easy use of at-home anti-aging devices, increasing awareness of minimal and non-invasive treatment, increasing medical tourism, and increasing use of the e-commerce platform.
In March 2020, Stellar M22, the next version of the multi-application skincare platform, has been launched by Lumenis Ltd.
In January 2020, NEW Total Colour, a high-performance, vegan, and clean permanent hair colour that provides almost full coverage of grey hair, was introduced by Revlon Inc.
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