Anti-Aging Products Services, Devices Market Experiencing Significant Growth

New research shows the Anti-Aging Products Services and Devices Market is experiencing significant growth. The surge is fueled by consumers desire to look and feel young. 

The industry’s current valuation is at $60.76 billion in 2024, according to a revised market report by Future Market Insights (FMI). The increase is forecasted to reach $101.84 billion by 2034, with a compound annual growth rate of 5.30%. 

Research found the driving force behind significant growth in the global cosmetic and skincare market is the demand to maintain a youthful appearance and the pursuit of effective solutions. The diverse applications of anti-aging products, services, and devices have spurred demand across the consumer base ranging across various age groups.

The natural physiological process is which is exacerbated by external factors such as air pollution, exposure to harmful UV rays, and alcohol consumption. Anti-aging creams and lotions have emerged as pivotal elements in skincare routines, playing a crucial role in preserving moisture and promoting a radiant, youthful complexion. 

Sunscreens occupy a prominent position to shield the skin from harmful UV radiation to delay the onset of wrinkles and discoloration. Sun care market brands are addressing the escalating demand by offering paraben-free anti-aging skincare products, contributing significantly to the expansion of the sun care sector. 

The growing prevalence of skin disorders such as atopic dermatitis, melanoma, and non-melanoma skin cancer is expected improve the adoption of anti-aging treatments. A rise in awareness regarding skincare routines and growing urgency to have younger-looking skin have amplified the sales of products rich with retinol, moisturizers, and dermal fillers reducing wrinkle lines among women. 

Other key factors responsible for the surge in revenue is promotion and advertisements featuring celebrities endorsing the products and treatments.