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According to the estimates by IMARC Group, the global anti-aging market is expected to reach a value of US$ 88.30 Billion by 2026, exhibiting a CAGR of 7.10% during 2021-2026.
The growing geriatric population, in confluence with the increasing focus on physical appearance, represents one of the key factors spurring the market growth.
Leading manufacturers are introducing safer and more efficient anti-aging products that provide instant results, which is acting as a major trend in the market.
Due to the outbreak of the coronavirus disease (COVID-19), several elective and non-essential anti-aging surgical procedures have been postponed around the world, which, in turn, is negatively impacting the growth of the market.
The global anti-aging market reached a value of US$ 58.5 Billion in 2020.
Based on the demography, the market has been divided into age group, gender and income.
On the basis of the industry, the market has been classified into skin, hair and dental care segments.
The market has been analyzed based on the product type into anti-wrinkle products (anti-wrinkle cream, botulinum toxin A injections and dermal fillers); anti-pigmentation products (anti-pigmentation creams and chemical peels); hair care products (hair color products, anti-hair fall products and hair gain products); and sunscreen products.
On the basis of the devices and technology, the market has been divided into microdermabrasion devices and aesthetic energy devices (laser, intense pulsed light, radio frequency and ultrasound).
Country-wise, the market has been segmented into the United Kingdom, France, Germany, Italy, Russia, Spain, Brazil, Japan, South Korea, China, Thailand, India and the United States.
Leading industry players are Unilever Plc, L’Oréal S.A., Beiersdorf AG, The Estée Lauder Companies Inc., Allergan plc, The Procter & Gamble Company and Shiseido Cosmetics.
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