Skin aging is a complex biological process which can be classified in two categories as intrinsic and extrinsic skin aging. Intrinsic skin aging also known as the natural aging is a chronologically emerging and inevitable process accompanied by genetic changes. It is characterized by fine wrinkles, roughness, dryness, sagging and epidermal thinning with seborrheic keratoses benign neoplasms. Extrinsic aging (often referred to as photoaging) is seen due to exposure to environmental factors which cause oxidative damage in skin. Hyperpigmentation is characterized by dry and rough skin as well as deep wrinkles. Environmental factors such as cigarette smoke, air pollution and ozone may contribute to premature skin aging. However, the main cause of extrinsic aging is exposure to ultraviolet radiation (UV). Antiaging creams are predominantly moisturizer based cosmeceutical skin care products marketed with the promise of making the consumer look younger by reducing visible wrinkles, expression lines, blemishes, pigmentation changes, discolorations and other environmentally (especially from the sun) related conditions of the skin.
The major factors driving the North American Anti-Aging market are increased adoption of anti-aging products and services, changing lifestyle and growing disposable income, growing medical tourism in North America and mounting number of men opting for anti-aging products & services. However, high cost associated with anti-aging surgeries and social stigma associated with anti-aging treatments may restrain the growth of the market.
The North American Anti-Aging market is segmented based on service, device, product, demographic, end user and geography.
The North American Anti-Aging market by service is segmented into anti-pigmentation therapy, adult acne therapy, breast augmentation, liposuction services, chemical peel, hair restoration and others (eye lid surgery, abdominoplasty, sclerotherapy, etc.). Hair restoration segment accounted for the largest market share of in 2018. Also, the liposuction services market is anticipated to grow at a fastest CAGR by the end of 2025. The growth of hair restoration services is majorly driven by significant increase in the number of hair transplantation procedures worldwide.
The North American Anti-Aging Products & Services Market is segmented on the basis of device such as anti-cellulite treatment, laser aesthetic devices, microdermabrasion devices, radio frequency devices and others. The radio frequency devices segment accounted for the largest market share of in 2018. Also, anti-cellulite treatment market size estimated grow at a fastest CAGR from 2019 to 2025.
North American Anti-Aging Products & Services Market finds its major product in anti-wrinkle products, Botox & dermal fillers, anti-stretch products and others including UV absorbers and hair color. The anti-wrinkle product segment accounted largest market share in 2018. Also, the Botox & dermal filler product segment is anticipated to grow at a highest rate during the forecast period. The largest market share of the anti-wrinkle product segment is primarily attributed to increasing aging population in North American and increasing concern of people toward look and appearance.
Based on demographic, this market is sectioned into baby boomer, generation X and generation Y. Most baby boomers have an established beauty regime, so encouraging the upgrading routines, the trial of new products and touting product benefits that will fit their lifestyle could be ways to introduce new products. As the U.S. population ages, there’s an opportunity to reach this consumer with messaging that appeals to their values and products that address age-related concerns. Boomer women are most interested in achieving a healthy, natural look. Also, the growth of generation X is majorly driven by increasing popularity of anti-aging products and services among them.
Hospitals, clinics and home healthcare are some of the major end users of the North American Anti-Aging Market. Home healthcare segment accounted for the largest market in 2018, whereas Hospitals segment is projected to grow at a fastest CAGR from until the end of 2025.
The various countries studied in this report include United States, Canada and Mexico. Skin care or prevention of aging in the US has evolved from mainly addressing skin issues, such as acne or wrinkles, to a wider, holistic view of maintaining skin health and ensuring a glowing, wet, moisturised complexion at all ages. Skin care benefited from increased consumer awareness of prevention rather than cure, and the desire for efficacy. Consumers prioritise efficacy above all other features in skin care. The key companies producing anti-aging products responded to the desire for efficacy through the launch of product innovations incorporating effective, trendy ingredients.
Also, the anti-agers category is expected to continue to perform well over the forecast period, with sales driven by the growing ageing population in Canada. In addition, younger consumers are also increasingly looking to incorporate anti-ageing products into their skin care routines for early prevention.
The major players involved in this market are Allergan plc, Alma Laser, Avon Products Inc, Beiersdorf AG, Coty Inc., Cynosure Inc, Estee Lauder Companies Inc., Johnson & Johnson, Kao Corporation, L’Oréal S.A., Lumenis Ltd, Inc., Procter & Gamble Co, Shiseido Company and among others.
The North American Anti-Aging market is segmented by service, device, product, demographic, end user and geography. The various services studied in this report are anti-pigmentation therapy, adult acne therapy, breast augmentation, liposuction services, chemical peel, hair restoration and others (eye lid surgery, abdominoplasty, sclerotherapy, etc.).
The demand for anti-aging products & services has led to an increase in the growth of market. Among baby boomers, especially in developing countries, the anti-aging products are trending as people consider it as a part of a normal health treatment due to their desire to maintain a natural and healthy appearance. Patients not only want to be fit and healthy but also want to minimize the effects of aging. There has been an increase in the number of skilled medical professionals that perform anti-aging surgeries. Various marketing strategies implemented by clinics and vendors also plays a key role in fueling the demand for anti-aging products and services. Based on device, this market is portioned into anti-cellulite treatment, laser aesthetic devices, microdermabrasion devices, radio frequency devices and others.
The various products covered in this report includes anti-wrinkle products, Botox & dermal fillers, anti-stretch products and others including UV absorbers and hair color. Based on demographic, the North American Anti-Aging Market is classified into baby boomer, generation X and generation Y.
This market finds end user applications in hospitals, clinics and home healthcare. Geographically, this market is segmented into United States, Canada and Mexico. The United States dominated the North American Anti-Aging Market in 2018 and the dominance is expected to remain constant until the end of 2025. The growth in North America is majorly driven by the popularity of digital photography, rising demand by consumers to boost self-esteem, introduction of self-monitoring apps, and increasing affordability of cosmetic surgeries in developing countries. The U.S. is a major market in North America, followed by Canada and Mexico.
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