The anti-aging drugs market has been segmented by therapy into homeopathy and allopathic and by treatment into skin, hair and others. Among these segments, both skin and hair are the major segments that are driving the growth of anti-aging drugs market. Factors such as rising concerns about appearance and increasing baldness due to stress and eating habits in day to day life are driving consumers to opt for anti-aging drugs. These factors are anticipated to drive the growth of anti-aging drugs market by noteworthy revenue by the end of 2024.
The global market for anti-aging drugs is expected to reach at a market valuation of USD 87.2 Billion by the end of 2024 by expanding at a robust compound annual growth rate of 6.9% over the period 2017-2024. Factors such as rising health consciousness combined with advancement in medical science are anticipated to foster the growth of anti-aging drugs market over the forecast period.
In the regional segment, North America represented the largest market share for anti-aging drugs in 2016 and is anticipated to flourish at a significant pace during the forecast period. This can be attributed to increasing obesity among people and rising spending on healthcare. Further, the rising consciousness towards signs of aging is one of the major concerns that are driving the growth of anti-aging drugs market in North America region. Europe region is expected to be the second largest market of anti-aging drugs owing to increasing disposable income and rising consciousness towards looks and healthcare among people and is expected to witness satisfactory growth over the forecast period. On the other hand, India and China are expected to be the key countries propelling the growth of anti-aging drugs market in Asia Pacific region.
Growing Demand for Attractive Appearance
Advancement in medical science and development of new anti-aging drugs are some of the major factors which are expected to benefit the expansion of anti-aging drugs market. Factors such as rising awareness toward age related problems and increasing concerns about looks and public appearance among people across the globe are believed to supplement the growth of anti-aging drugs market in near future.
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However, high cost and lack of awareness about anti-aging drugs might deter the growth of the market.
The report titled “Anti-Aging Drugs Market: Global Demand Analysis & Opportunity Outlook 2024”delivers detailed overview of the anti-aging drugs market in terms of market segmentation by generation, by therapy, by treatment, by drug class and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the anti-aging drugs market which includes company profiling of Nu Skin Enterprises, Novartis AG, BioTime Inc., ARK Skincare, Elysium Health Inc., Estee Lauder Inc., DermaFix, Bayer Pharma AG, La Roche-Posay and L’Oreal SA.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the anti-aging drugs market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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