Anti-Aging Market Size, Share, Trends and Forecast till 2023

Posted by Yashi on February 25th, 2022

Anti-ageing drugs Market Overview

According to Market Research Future (MRFR)’s assessment, the global anti-ageing drugs market size is expected to strike a CAGR of 13.3 % during the forecast period 2017 to 2023. Its valuation has been estimated to touch USD 124,896.6 Mn towards the end of 2023. The high beauty standards set by the media industry has its influence over all age groups. It has paved the way for the proliferation of anti-ageing drugs market. Furthermore, the key players are also emphasizing on catering to the needs of the male population. This, in turn, is projected to have a positive impact on the growth of the market.

The market is at its nascent stage which makes it lucrative for the new entrants. Investments in research and development activities are poised to grow in the upcoming years. The constant addition of new products to the portfolios coupled with rising awareness is anticipated to aid the proliferation of the anti-ageing drugs market. However, the availability of counterfeit products remains an impediment to market growth.

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Anti-ageing drugs Market Segmentation

On the basis of drug class, the global anti-ageing drugs market size has been segmented into serums and supplements, antioxidants and enzymes, stem cells and drugs.

On the basis of application, the anti-ageing drugs market has been segmented into skin and hair, skeletal and muscles, age-related disorders and others.

Anti-ageing drugs Market Regional Analysis

The global anti-ageing drugs market, by region, has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa. Americas houses developed and influential economies such as the U.S. and Canada. It is projected to favor the market growth in the region. In addition, the influence of Hollywood in setting beauty standards have affected all the age groups alike. This has paved the way for the expansion of the anti-ageing drugs market in the region.

Europe is also a promising market and is likely to exhibit a similar trend as that of the Americas’. It is expected to secure the second spot in the global anti-ageing drugs market.

Asia Pacific is projected to thrive at a comparatively higher CAGR of 15.3% over the assessment period. The growth of the personal care industry in fast-developing economies such as South Korea, Japan, India, and China among others. In addition, the contribution of the male population towards the expansion of the anti-ageing drugs market size is likely to revolutionize its future trajectory.

The Middle Eastern countries such as Saudi Arabia and the U.A.E have emerged as the shopping hubs and attract a massive population of tourists every year. This is poised to aid the proliferation of the anti-ageing drugs market in the region over the next couple of years.

Anti-ageing drugs Market Players

  •          Globus Medical, Inc. (U.S.)
  •          Depuy Synthes Inc. (Johnson & Johnson) (U.S.)
  •          Smith & Nephew plc. (UK)
  •          NuVasive, Inc. (U.S.)
  •          Stryker Corporation (U.S.)
  •          Integra LifeSciences Holdings Corporation (U.S.)
  •          Zimmer Biomet Holdings, Inc. (U.S.)
  •          Medtronic, plc (Ireland)
  •          Wright Medical Group N.V. (Netherlands)
  •          The Orthopedic Implant Company (U.S.)
  •          Aesculap Implant Systems (U.S.)
  •          Conmed Corporation (U.S.)
  •          BioTek Instruments, Inc. (U.S.)
  •          Arthrocare Corporation (U.S.)

among others are some key companies in the global anti-ageing drugs that are listed by MRFR for market research.

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Joined: March 16th, 2021
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