NEW YORK, Feb. 25, 2016 /PRNewswire/ -- This BCC Research report provides an overview of products included in anti aging market and detailed analyses of its competitive environments. Includes information regarding significant products, players, issues, trends and other information affecting the aging industry: both cosmetic and disease treatment markets. Projections are provided through 2020.
Use this report to:
Analyze the aging population, which is the largest user of anti-aging products and services.
Evaluate products and services affecting specifically the aging demographics.
Explore market data, market drivers, trends and opportunities, top-selling products or suppliers, and general market outlook.
The global market for anti-aging products and services is expected to grow from $281.6 billion in 2015 to $331.3 billion in 2020, registering a compound annual growth rate (CAGR) of 3.3%.
The anti-aging products market is projected to reach $273.8 billion in 2020 from $233.6 million in 2015, at a CAGR of 3.2%.
The anti-aging services market reached $47.9 billion in 2015 and should reach $57.5 million by 2020 growing at a CAGR of 3.7%.
STUDY GOAL AND OBJECTIVES
This BCC Research report, Anti-Aging Products and Services: The Global Market, provides an overview of products included in this market and detailed analyses of markets and competitive environments. The study includes information regarding significant products, players, issues, trends and other information affecting the aging industry: both cosmetic and disease treatment markets.
The study is designed:
To define and measure the global anti-aging market, specifically for the population aged 50 and over (sometimes referred to as the 'baby boomers').
To identify opportunities in the anti-aging market, categorized by health maintenance, disease treatment, beauty and personal appearance.
To measure anti-aging markets that could be better understood by stakeholders in terms of their own respective sales offerings.
To strategically analyze individual anti-aging markets, products and services, technology, and regions in context of aging demographics.
To identify market trends, gaps and opportunities.
To strategically analyze the market structure and competitive landscape, profiling in detail the entire top companies in the micromarket of anti-aging.
REASONS FOR DOING THIS STUDY
The anti-aging market is categorized distinctively into boomers (the population born between 1946 and 1965) and the youth anti-aging market. These markets differ in terms of products and service offerings, market structure and positioning. This report is focused on the boomer anti-aging market, which is a more mature market and makes
up 75% of the total anti-aging market. The worldwide population of more than 600 million aging consumers is growing at a rate of 3.2%, compared to the general population, which is growing at a rate of 1.1%, making the population aged 65 and over more attractive for anti-aging companies.
The population aged 65 and over is increasing each decade; for example, in 2000 the population aged 65 and over accounted for just about 6% of the total population, by 2010 it was 7%, in 2020 we can expect it will increase to 10% and by 2050 it will reach 17%. This is something that many companies will find it difficult to overlook.
Anti-aging companies need to adapt different strategies for different markets, depending on race, gender, income level, family status, young and old boomers, insurance status and distribution channels.
The aging market presents one of the largest opportunities today in the world, mainly due its higher disposable income. Therefore, all companies in the cosmetic, pharmaceutical and health care, biotech, medspa and fitness services are strategizing to grab a piece of the lucrative anti-aging market. In the current economic turmoil, the
anti-aging market can help the economy to grow and benefit respective stakeholders.
In this report, full market estimates of the anti-aging market for several segments are provided. The report will focus on three general areas of the market, and provide further analysis of each broad segment.
Anti-aging cosmetic products.
Disease treatment products.
Cosmetic anti-aging services.
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