Factors contributing to the growth of anti-aging services market size include increase in number of anti-aging services providers, increase in demand for anti-aging treatments by female population, increase in number of anti-aging services industry and no. Increase in private beauty clinics for anti-aging treatments.
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Technological advancements in the field of non-invasive aesthetic procedures are expected to fuel the trends of the anti-aging services market. Additionally, an increase in the number of product launches by the anti-aging services industry is expected to fuel the market growth. For example, in February 2022, Merz Aesthetics, a medical aesthetics company, announced the launch of the Radiesse (+) Lidocaine injectable implant for deep injection to correct moderate to severe jaw contour loss in adults.
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The increase in the number of medical centers licensed to conduct anti-aging services is driving the growth of the anti-aging services market. The reason behind the increase in the number of medical centers is the increasing number of professionals. Botulinum toxin, chemical peeling, microdermabrasion, laser resurfacing anti-aging skin treatments and increasing number of dermal fillers in clinics and hospitals drive the market growth.
North America accounted for the majority of the anti-aging services market in 2021 and is expected to remain dominant during the forecast period. This is due to the increase in the number of anti-aging procedures, the increase in the number of approvals of anti-aging service products, the number of anti-aging clinics and advances in the field of medical aesthetics.
Key Findings of The Study
- By type, the botulinum toxin segment was the highest contributor to the market in 2021.
- By gender, the female segment was the highest contributor to the market in 2021.
- By application, the fine line and wrinkles segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
- By service provider, the hospitals segment dominated the market in 2021, and is expected to continue this trend during the forecast period.
- By region, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
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