Global Anti-Aging Services Market to Witness Robust Growth Due to Rising Demand for Minimally Invasive Treatments - UnivDatos

According to a new report by UnivDatos Market Insights, the Anti-Aging Services Market is expected to reach USD 14.5 Billion in 2023 by growing at a CAGR of ~7%. As the population ages, there is a developing need for medication that targets or affects health problems associated with aging. As per the United Nations World Population Ageing 2023 report, there are now over 10 million older people in the nation, placing a significant financial strain on the social security and healthcare systems. Even though the proportion of older people was just 7% in 2023. Furthermore, the trends in male grooming and the growing propensity for men to opt for cosmetic products also contribute to the overall market growth.

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Moreover, innovations in non-invasive and minimally invasive procedures are available, making anti-aging treatments more appealing because of short recovery than performing general surgeries. For instance, in January 2023, Seragon Biosciences, Inc. introduced a new product called RESTORIN, a superior class of nutraceuticals for healthy aging. RESTORIN incorporates several patented innovations from Harvard University, Mayo Clinic, and Scripps Research to increase the amount of cellular nicotinamide adenine dinucleotide (NAD+) and promote the stimulation of senolytics.

The ability to tailor treatments to individual needs and desired outcomes enhances patient satisfaction and drives market demand. Some of the most performed anti-aging services include:

·???????? In April 2024, Beiersdorf and Rubedo Life Science entered a multi-year strategic partnership to develop a breakthrough anti-aging solution for the global face care market. This partnership represents a fusion of Beiersdorf’s leadership in skin care innovation with Rubedo’s complementary expertise in targeting cellular senescence.

·???????? In January 2023, Seragon Biosciences, Inc. introduced a new product called RESTORIN, a superior class of nutraceuticals for healthy aging. RESTORIN incorporates several patented innovations from Harvard University, Mayo Clinic, and Scripps Research to increase the amount of cellular nicotinamide adenine dinucleotide (NAD+) and promote the stimulation of senolytics.

·???????? In September 2022, L’Oréal signed an agreement to acquire Skinbetter Science, a physician-dispensed American skincare brand backed by cutting-edge dermatological science, combining patented efficacious ingredients with luxurious sensorial textures.

According to the report, the impact of anti-aging services resources has been identified to be high for the North American area. Some of how this impact has been felt include:

Asia-Pacific is expected to grow with a significant CAGR in the forecast period (2024-2024) due to cultural emphasis on youthful appearance and beauty standards in many Asian societies, which fuels the demand for anti-aging services. As per the United Nations Economic and Social Commission for Asia and the Pacific, in 2023, an estimated 697 million older persons (60 years or over) are residing in Asia and the Pacific, representing about 60 percent of all older persons worldwide. Additionally, skincare and cosmetic companies' increased awareness and marketing efforts are educating consumers about the benefits of anti-aging treatments, thus driving market growth. Moreover, technological advancements and the availability of cutting-edge methods in the region further boost the market. South Korea, for instance, is renowned for its advanced cosmetic surgery techniques and skincare innovations, attracting domestic and international clients.

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Conclusion

The Anti-Aging Services Market is expected to have high growth in the future based on demographic factors, changes in the perception of society, and technological development. This can be attributed to the fact that as the global population expands, the aging population is rapidly rising. As such, the need for the best anti-aging solutions will always be high. Recent advancements in surgical techniques and developments in regenerative medicine, genetic treatments, and customized solutions for consumers’ aging problems have worked wonders in changing the industry. Overall, the future of anti-aging services is bright, and the market holds great potential for further expansion and improvement.