Geriatric Population Using Anti-Aging Products to Manage Aging Signs

Additionally, the increasing customer awareness on the available products through conferences and seminars will drive the anti-aging market at a CAGR of 8.6% during the forecast period (2021–2030).
 
ALAMO, Calif. - Jan. 17, 2022 - PRLog -- The United Nations Population Fund (UNFPA) estimates that by 2045–2050, newborns are expected to have a life expectancy of 74 years in developing countries and 83 years in developed countries. The UNFPA forecasts that the global population of people aged 60 years and above will reach around 2 billion by 2050. As old age is related to the reduction of skin stem cells and fibrous tissues, the aging population creates a huge requirement for anti-aging products. Aging-related issues include dryness, skin sagging, wrinkles, and pigmentary alteration, which can be treated or managed through anti-aging products.

The market was valued at $194.4 billion in 2020, and it is projected to generate $422.8 billion revenue by 2030. Market players across the world are increasingly organizing exhibitions, seminars, and conferences to impart knowledge on the advancements in anti-aging treatments among the general public, students, and plastic surgeons.

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Nowadays, anti-wrinkle products are being consumed in the highest quantity owing to the mounting customer awareness about their aesthetic impact and the rising disposable income of people. Botox, dermal fillers, and topical products are some of the most widely used for reducing wrinkles. These products are manufactured by Beauty Bioscience Inc., Home Skinovations Ltd., Koninklijke Philips N.V., Shiseido Company Ltd., Cyden Ltd., Pierre Fabre S.A, Project E Beauty, Hologic Inc., LightStim, and The Procter & Gamble Company (P&G), which also produce anti-stretchmark and ultraviolet (UV) absorption products and hair colors.

Whereas, the Asia-Pacific (APAC) anti-aging market is expected to showcase the fastest growth during the forecast period due to the soaring aging population and increasing number of cosmetic procedures being performed in the region. The UNFPA forecasts that the population of individuals aged 60 years and more in the APAC region will reach around 1.3 billion by 2050. Additionally, the surging number of seminars and conferences aimed at raising awareness on anti-aging products will fuel the advance of the market in the region.

Therefore, the growing geriatric population and escalating public awareness on skin and hair treatments will fuel the adoption of anti-aging products globally.

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