The strongest anti-aging market drivers are the booming population of the elderly, increasing awareness about the devices and drugs that can be used to lessen the effects of aging, surging disposable income, escalating consciousness regarding appearance, and technical advancements. Resultingly, the revenue generated by the sale of such products will increase from $194.4 billion in 2020 to $422.8 billion by 2030, at an 8.6% CAGR between 2021 and 2030 (forecast period). Though aging cannot be reversed, its visible effects can be made less severe.

The most-prominent trend in the industry currently is easy-to-use products. With the increasing appearance consciousness of the elderly, a number of home-use devices for wrinkle reduction, cellulite reduction, skin rejuvenation, microdermabrasion, and other anti-aging treatments have been launched. They require no technical expertise to use, and they are cost-effective and easily available online, which is propelling their sales around the world. Thus, the growth of the e-commerce sector is playing a key role in making such home-use devices popular.

During the forecast period, the fastest growth in the anti-aging market will be observed in Asia-Pacific (APAC). This will primarily be due to the surging geriatric population, increasing disposable income of people, and rising number of conferences and seminars, which is leading to the surging awareness of residents on these products. As per UN-DESA, the geriatric population of Asia will grow rapidly, to touch 954.7 million by 2050. This, coupled with the increasing appearance consciousness, will drive the demand for anti-aging treatments.

Hence, the market will continue to grow as the geriatric population booms and people’s focus on appearance strengthens.

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