Opportunity for new products, services or devices are high as the market consists of established players and their brands but market is still in search of minimally invasive services, highly efficient products and portable and technologically advanced devices.
The main cause of rise in ageing population is that reduction in mortality, and, declining fertility. The increase in ageing population all over the region is in itself a market driver for more demand of anti-ageing products and services. The success of public health policies, socio-economic development has led to a good part of people aged over 60 and loner life expectancy. The future growth of products is observed to depend on the innovation and technological development with increase in the efficacy and safety of anti-ageing products.
The Middle-East and Africa Anti-Aging market is segmented on the basis of demographics into Baby Boomers, Generation X and Generation Y. On the basis of products the market is divided among UV Absorbers, Anti-Wrinkle Products, Anti-Stretch Marks Products, Natural Products and Hair Colour. Based on services the market is bifurcated into Anti-Pigmentation Therapy, Adult Acne Therapy, Breast Augmentation, Liposuction Services, Abdominoplasty, Chemical Peel, Eye-Lid Surgery, Hair Restoration and Sclerotherapy. By devices, the segmentation is among Anti-Cellulite Treatment Devices, Microderm Abrasion Devices, Laser Aesthetic Devices and Radiofrequency Devices. Baby boomer and generation X are considered as the majority informed and cost-effective customer group for anti-aging market.
Based on geography the market is analysed under various countries namely, Middle-East and Africa. Africa is leading the market and Middle-East is likely to grow at highest rate in the forecast period.
The key players dominating the anti-aging market include Coty Inc., Personal Microderm, Beiersdorf AG, Photomedex Inc., Lumenis Ltd, Alma Lasers Ltd, Solta Medical Inc., Cynosure Inc., L’Oreal, SA, and Allergan Inc. Opportunity for new products, services or devices are high as the market consists of recognized players and their brands.
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