Anti-ageing Drugs Market - Global Industry Size, Share, Analysis and Forecast 2023 – 2030
Anti-ageing drugs market is
expected grow USD 90.20 Billion at a CAGR 7.10% during the forecast 2023 - 2030.
Anti-Ageing
drugs are mixture of biochemical process and advanced medicines, it is
basically used for treatment of age related disorders and for those peoples who
are concern for their aesthetic looks. Products that ability reversal of aging
signs that seem on the skin are consider as anti-aging products. In recent
market, anti-aging products are in demand owing to the growing usage of
moisturizer-based cosmeceutical products used for skin care. Increasing income
with changing life style are helping the anti-ageing drug market to drive in
positive ladder. Additionally, rising in aging population fueling the growth of
Anti-ageing Drugs Market. It is not limited to the skin problem, it is for the
entire body. Furthermore, many medical and start-up companies are injecting
capital for better results. According to the World Health Organization (WHO),
the proportion of the world's population over 60 years between 2015 and 2050
will nearly double from 12% to 22%.
Major Key
Players:
Allergan, plc (Ireland), GlaxoSmithKline plc (U.K), Johnson
& Johnson (U.S.), Nu Skin (U.S.), Novartis AG (Switzerland), RGP Life
Sciences (India), The Estée Lauder Companies Inc. (U.S.), Bayer Pharma AG
(Germany), L'Oréal S.A. (France), Elysium Health Inc. (U.S.), BioTime, Inc.
(U.S.), Elysium Health Inc (U.S.) are some of the Anti-ageing Drugs Market Players, globally.
Segmentation Analysis
The global anti-ageing drugs market has been segmented on the
basis of drug class and applications.
On the basis of drug class, the market is segmented into
serums and supplements, antioxidants and
enzymes, stem cells and drugs.
On the basis of application, the market is segmented into skin
and hair, skeletal and muscles, age related disorders and others.
Regional
Analysis
The market of anti-ageing drugs
is much higher in the Americas region. There are several factors for tremendous
growth of the anti aging products market in this region such as high
disposable income, increasing awareness of aesthetic looks, and increasing
awareness about ageing signs. According to U.S. Census Bureau, Around 83.1
million are millennial present in United Nation which represent more than one
quarter of the national population.
Europe is also consider huge
market for anti-aging drugs players, owing to present of huge ageing
population. Moreover, the population within the reason are more aware about the
healthcare in comparison to other region like Asia Pacific and The Middle East
and Africa.
Asia Pacific and the Middle East
and Africa region are considering the big opportunity for the market players
owing to changing life style. Whereas country like India and china of Asia
Pacific region are considering fastest growing region. These countries are open
to adopt new drugs from developed countries in order to improve the quality of
life for their citizen. In 2014, it is expected that anti-ageing drugs market
growth in Japan would be higher in compared to other Asian countries. Japan is
well developed country and have well established healthcare system and
technology, whereas developing countries are still focusing on new technology
which lead to increase in the demand for various anti-ageing drugs. Most of the
countries from these region such as India and China are investing more into
research and development activity for introducing better drugs at nominal
price.
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