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Anti-Aging Drugs Market Size & Share, by Type (Dermal Fillers, Botulinum Toxin); Drug Class (Hormonal Therapy, Antioxidants, Enzymes, Stem Cells); Application (Skincare, Haircare, Age-Related Disorders); Distribution Channel (Retail Pharmacies, Online Pharmacies) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2033

  • Report ID: 375
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2033

Anti-Aging Drugs Market size is poised to cross USD 95 Billion by the end of 2033, growing at a CAGR of 7% during the forecast period, i.e., 2023-2033. In the year 2022, the industry size of anti-aging drugs was over USD 49 Billion. The growth of the market can be attributed primarily to the rising aging population around the world with the rising hope for extending the healthy lifespan of humans having youthful characteristics. According to the World Health Organization, globally, the percentage of people over 60 years of age will nearly double from 12% to 22% between 2015 and 2050.

In the prevention and treatment of age-related disorders and diseases, anti-aging drugs combine advanced biotechnology and clinical prevention medicines. Anti-aging drugs are mostly used by the baby boomer generation, as well as by consumers who care more about their health and appearance. Using these drugs, the body is able to reverse the effects of aging. The aging process is also being delayed through a wide variety of medical technologies.

Anti-Aging-Drugs-Market
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Anti-Aging Drugs Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Prevalence of Photoaging Among People - premature aging of the skin is caused by sun exposure. Skin damage caused by the sun is referred to by a number of names in dermatology, including photoaging. Certainly, UV exposure causes more visible signs of facial aging. Thus, the rising cases of photoaging are expected to propel the demand for anti-aging drugs during the forecast period. It was observed that, approximately 90% of European and North American adults with skin phototypes I, II, and III show clinically detectable photoaging.
  • An Increasing Number of Dermatologists - for instance, nearly 3,700 dermatologists are presently employed in the United States. Women account for over 85% of dermatologists, while men account for 14%.
  • Rising Personal Disposable Income - according to the Bureau of Economic Analysis, in July 2022 disposable personal income (DPI) increased by USD 37.6 billion (0.2%) in United States.
  • Increasing Level of Chronic Stress Among People- it was observed that globally, approximately 33% of people admitted feeling stressed.
  • Excessive Alcohol Consumption – according to the Centers for Diseases Control and Prevention, nearly 16% of adults are excessive alcohol drinkers, and 6% are reported, as heavy drinkers.

Challenges

  • High Cost of Anti-Aging Drugs - medical research and funding is vital and central for the development of aging-related medications. With huge funds invested in the scientific research and development of these drugs, it is still unaffordable for many.
  • Low Awareness of Anti-Aging Drugs in Low-Income Countries
  • Presence of Alternatives in the Market

Anti-Aging Drugs Market: Key Insights

Base Year

2022

Forecast Year

2023-2033

CAGR

7%

Base Year Market Size (2022)

USD 49 Billion

Forecast Year Market Size (2033)

USD 95 Billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
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Anti-Aging Drugs Segmentation

Type (Dermal Fillers, Botulinum Toxin)

The global anti-aging drugs market is segmented and analyzed for demand and supply by type into dermal fillers, botulinum toxin, and others. Among these segments, the dermal fillers segment is anticipated to capture the largest market size in the global anti-aging drugs market owing to the increasing dermal filler injections and higher adoption of derma fillers in treating wrinkles and fine lines. For instance, it was found that in 2018, there were approximately 2.6 million dermal filler injections in America.

Our in-depth analysis of the global anti aging drugs market includes the following segments:

          By Type
  • Dermal Fillers
  • Botulinum Toxin
  • Others

         By Drug Class
  • Hormonal Therapy
  • Antioxidants
  • Enzymes
  • Stem Cells

        By Application
  • Skincare
  • Haircare
  • Age-Related Disorders

        By Distribution Channel
  • Retail Pharmacies
  • Online Pharmacies

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Anti-Aging Drugs Industry - Regional Synopsis

North America Market Forecast

The North America anti-aging drugs market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033, backed by the increasing number of non-invasive cosmetic treatments, the growing demand for anti-aging products, and the rapid expansion of the personal care industry. For instance, in 2020 nearly 13,280,000 cosmetic minimally invasive surgery procedures were carried out in the United States.

Research Nester
Anti-Aging-Drugs-Market-Size
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Companies Dominating the Anti-Aging Drugs Landscape

top-features-companies
    • L’Oreal  SA
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Merz Pharma GmbH & Co.
    • Novartis AG
    • BioTime Inc.
    • ARK Skincare
    • Elysium Health Inc.
    • Estee Lauder Inc.
    • DermaFix
    • Bayer Pharma AG
    • La Roche-Posay

In the News

  • L'Oréal SA has acquired Skinbetter Science, an American skin care brand provided by a doctor, owing to state-of-the-art dermatological science, combining patented effective ingredients with luxurious sensory textures.

  • Merz Pharma GmbH & Co., officially announced the opening of its latest filler plant in BioPharmaPark, Dessau-Rosslau, Germany. 

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 375
  • Published Date: Feb 13, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Rising adoption of anti aging products, desire to look young and healthy among elderly people along with increasing disposable income are the major factors driving the growth of the anti aging drugs market.

The market is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2033.

High cost associated with anti aging products is expected to hinder market growth.

The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Nu Skin Enterprises, Novartis AG, BioTime Inc., ARK Skincare, Elysium Health Inc., Estee Lauder Inc., DermaFix, Bayer Pharma AG, La Roche-Posay, L’Oreal SA, Merz Pharma GmbH & Co.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, drug class, application, distribution channel, and, by region.

The dermal filler segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
Anti-Aging Drugs Market Report Scope
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