DUBLIN, July 26, 2023 /PRNewswire/ — The “Anti-Aging Services – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Anti-Aging Services Market Expected to Reach $92 Billion by 2030
In the transformed post-COVID-19 business landscape, the global market for anti-aging services, which was valued at US$42.4 billion in 2022, is projected to experience substantial growth and reach a revised size of US$92 billion by 2030. This growth is anticipated at a healthy Compound Annual Growth Rate (CAGR) of 10.2% during the analysis period from 2022 to 2030. Among the segments analyzed in the report, the Botox segment is expected to perform particularly well, with a projected CAGR of 11.8% and an estimated value of US$32.5 billion by the end of the analysis period. Additionally, considering the ongoing post-pandemic recovery, growth in the dermal fillers segment is readjusted to a revised 10.4% CAGR for the next eight-year period.
The U.S. Anti-Aging Services Market Estimated at $11.5 Billion, while China to Grow at 15.7% CAGR
The anti-aging services market in the U.S. is estimated to be valued at US$11.5 billion in 2022. On the other hand, China, the world’s second-largest economy, is forecasted to reach a projected market size of US$22.9 billion by the year 2030, experiencing a CAGR of 15.7% over the analysis period from 2022 to 2030. Other noteworthy geographic markets include Japan and Canada, each expected to grow at 6.1% and 8.4% CAGR, respectively, over the period from 2022 to 2030. Within Europe, Germany is forecasted to experience growth at an approximate CAGR of 7.5%.
What’s New for 2023?
- Special coverage on Russia–Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Looking Ahead to 2023
Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slowdown and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand.
With slower growth and high inflation, developed markets seem primed to enter into a recession. Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
Volatile financial markets, growing trade tensions, stricter regulatory environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. The year 2023 is expected to be a tough year for most markets, investors and consumers. Nevertheless, there is always the opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.
Select Competitors (Total 34 Featured)
- Allergan, Inc.
- Alma Lasers Ltd.
- Beiersdorf
- Cynosure
- Elizabeth Arden
- Estee Lauder, Inc.
- Lumenis
- Procter & Gamble
- Solta Medical
- Syneron Medical Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/jwar7m
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SOURCE Research and Markets
