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.

NORTH AMERICAN ANTI-AGING MARKET OUTLOOK

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.

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NORTH AMERICAN ANTI-AGING MARKET SEGMENTAL OVERVIEW

The North American Anti-Aging market is segmented based on service, device, product, demographic, end user and geography.

NORTH AMERICAN ANTI-AGING MARKET BY SERVICE

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.

NORTH AMERICAN ANTI-AGING MARKET BY DEVICE

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 MARKET BY PRODUCT

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.

NORTH AMERICAN ANTI-AGING MARKET BY DEMOGRAPHIC

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.

NORTH AMERICAN ANTI-AGING MARKET BY END USER

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.

NORTH AMERICAN ANTI-AGING MARKET BY COUNTRY

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.

NORTH AMERICAN ANTI-AGING MARKET KEY PLAYERS

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.

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