Albany, NY, Nov. 18, 2015 (GLOBE NEWSWIRE) -- According to a new market report published by Transparency Market Research "Asia, Europe, and South America Anti-aging Market - Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020", Asia anti-aging market was valued at USD 15.28 billion in 2012 and is expected to grow at a CAGR of 9.3% from 2014 to 2020, to reach an estimated value of USD 30.92 billion in 2020.
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Aging is a natural process of physiological changes in a person that are observed over a period of time. Presently, increasing awareness among the general population to retain youth, health and beauty is the chief factor driving the global anti-aging market. While other factors such as rising geriatric population, and stringent regulations are supporting the growth of anti-aging market. In addition, rising awareness of aging signs in generation X and generation Y are the prime factors supporting the growth of anti-aging market.
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Products segment accounted for the largest market share in the overall anti-aging market in Asia, Europe and South America in 2013. Factors such as wide availability of anti-aging products in the market, affordable prices coupled with high awareness are fueling the growth of the products segment of the anti-aging market in Asia, Europe, and South America. While on the other hand, presence of large number of players operating in the anti-aging products segment is the prime factor in challenging the growth of the market.
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Anti-wrinkle products was observed to be the largest segment of anti-aging products market in Asia in 2013. Factors such as availability of wide variety of anti-wrinkle products and increasing awareness due to rise in promotional campaigns are the key factors fueling the demand for these products in Asia. Moreover, wrinkles and grey hair are the common signs of aging that start appearing prominently at the age of 30 years. It has been estimated that around 40% of the Asian population is in the age group of 25 to 50 years. Thus, demand for anti-wrinkle products is high in Asia. Considering all the above factors, anti-wrinkle products segment accounted for the largest market in the overall anti-aging market in Asia in 2013. Similarly, anti-wrinkle segment was also leading the Europe anti-aging products market in 2013. Dominance of this product segment was majorly due to high awareness and availability of wide variety of anti-wrinkle products at affordable cost in Europe.
Anti-aging services market in South America accounted for USD 1,466.7 million in 2012. Factors such as high accessibility coupled with rising awareness are accentuating the rise of anti-aging services in South America. Hair restoration treatment services segment dominated the South America anti-aging services market in 2013. The dominance of this market segment was majorly due to increasing preference for minimally invasive surgeries and availability of skilled workforce in South America. While on the other hand, stringent regulatory guidelines are some of the factors challenging the growth of the hair restoration treatment market in South America.
Some of the major players contributing to the Europe, Asia and South America Anti-aging market include Allergan, Inc., Alma Lasers Ltd., Beiersdorf AG, Coty, Inc., Cynosure, Inc., L'Oreal SA, Lumenis Ltd., PhotoMedex, Inc., Personal Microderm (PMD) (Age Sciences, Inc.), and Solta Medical, Inc.
Asia, Europe and South America Anti-aging market has been segmented as follows:
Asia, Europe and South America Anti-aging market, by Products Type
- UV Absorbers
- Dermal Fillers
- Botox
- Anti-stretchmark Products
- Hair Color
- Anti-wrinkle Products
Asia, Europe and South America Anti-aging market, by Services
- Anti-pigmentation Therapy,
- Anti-adult Acne Therapy
- Breast Augmentation
- Liposuction
- Abdominoplasty
- Chemical Peel
- Eye Lid Surgery
- Hair Restoration Therapy
- Sclerotherapy
Asia, Europe and South America Anti-aging market, by Devices Type
- Anti-cellulite Treatment Devices
- Microdermabrasion Devices
- Laser Aesthetic Devices
- Radio Frequency Devices
Asia, Europe and South America Anti-aging market, by Country
- China
- India
- Japan
- South Korea
- Germany
- U.K.
- Spain
- Italy
- France
- Brazil
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