According to the report titled ‘Global Anti-Aging Market Size study, by Products (Anti-wrinkle Product, Anti-stretch Mark Product, Hair Color Products, and Other Products) and Devices (Radio-frequency Devices, Anti-cellulite Treatment Devices, Microdermabrasion Devices, and Other Devices)), Application (Anti-wrinkle Treatment, Anti-pigmentation, Skin Resurfacing, and Other Applications) and Regional Forecasts 2021-2027’, available with Market Study Report, global anti-aging market was valued at UD$ 58.5 billion in 2020 and is expected to grow at 5.5% CAGR during 2021-2027, thereby accumulating US$ 85.10 billion by the end of forecast period.
 

Lifestyle enhancement with rising discretionary income of consumers is the primary factor propelling the growth of global anti-aging market.
 

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For the unversed, anti-aging procedures mainly refers to treatments and usage of products to reduce aging effects like wrinkles and fine lines. These products not only cater to the need of aging women, but also offers anti-aging solutions for men.
 

Additionally, medical & technological advancements leading to the introduction of plastic surgery, implant, and the likes, alongside investment in research & development to ensure long term effects of anti-aging procedures & products are adding substantial traction to the market development.
 

On the contrary, presence of duplicate anti-aging products containing harmful chemicals, and pricey treatments and products are restraining the growth of the market.
 

By product type, worldwide anti-aging market is segmented into anti-stretchmark product, anti-wrinkle product, hair color product, and others. Based on devices terrain, the market is classified into microdermabrasion devices, radio-frequency devices, anti-cellulite treatment devices, and others. While various application areas include skin resurfacing, anti-wrinkle treatment, anti-pigmentation, and others.
 

On the regional front North America is currently dominating the global anti-aging market owing to well-established medical infrastructure and presence of key companies in the region.
 

Similarly, Asia Pacific market is poised to witness a significant growth over 2021-2027, due to booming population, and growing awareness about the anti-aging solutions among the masses.
 

The competitive hierarchy of the market is defined by prominent companies including Unilever plc, Revlon Inc., L’Oréal S.A, Shiseido Co. Ltd., The Estee Lauder Companies Inc., Allergan Inc., Wacker Chemie AG, Procter & Gamble Co., Beiersdorf AG, and Oriflame Holding AG.