Anti-Aging Drugs and Devices Market Size, Industry
Analysis Report, Regional Outlook from 2017 to 2024.:
Global Market Insights Inc.
Anti-Aging Drugs and Devices Market will exhibit a considerable growth owing to the
rise in geriatric population and technological advancements leading to the development
of better and faster methods of treating aging signs.
Global population is aging rapidly and population above age 65 accounts for more than
7% of total world population. Increasing concern about looks and appearances among
geriatric population should drive the industry growth over the forecast period. High
disposable income among baby boomers further increases the affordability of the
products.
Technological advancements in the anti-aging drugs and devices has reduced the time
and complexity of the treatments. For instance, Exilis EliteTM’s advanced
radiofrequency (RF) technology can reduce wrinkles and sagging of skin in just two 45
minutes’ treatment. Moreover, advanced laser treatments allow better results for fat
removal. New technologies like illuMask (La Lumiere), a wearable LED light mask with
affordable cost will further fuel the product demand.
High cost associated with products and lack of reimbursement may hamper the anti-
aging drugs and devices market growth in the coming years. Side effects associated with
the products and fake products can further impede the demand. For instance, anti-aging
creams containing chemicals like TEA, DEA and MEA may cause kidney and liver cancer
if used for prolonged period.
Skin-care related products are predicted to dominate the anti-aging products segment.
Botox, a purified form of botulinum toxin A, is used to get rid of wrinkles and tightening
of skin without invasions. Treatment of Botox eliminates need of invasion and effect
lasts for 2-6 months. The treatment has shown very minute side effects. For instance, in
less than 1% cases, side effects like pain at the site of injection, bruising, and headaches
may appear.
Anti-aging radiofrequency devices are predicted to account for major industry share
and used for skin tightening and wrinkles removal. FDA has sanctioned the use of
monopolar radio frequency devices to treat periorbital wrinkles.
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