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(MoneyNewsWire.Net, March 01, 2018 ) The Latin America Anti-Aging Market was worth USD 2,607.2 million in 2016 and estimated to be growing at a CAGR of 5.54%, to reach USD 3,608.8 million by 2022.
Restoring the younger looks and thus finding solutions next to signs of aging has been a mission for cosmetologists and health care providers for centuries. As a result, market for anti-aging products is experiencing constant growth since decades. A variety of products and services are continuously entering into the market to serve the agenda of restoring younger looks.
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Major growth factors comprise of a general increase in the incidence of conditions and changes experienced by aging consumers. The amount of people looking for cosmetic services also shows large growth due to several factors such as a population of seniors growing at a pace higher than the general population. Though, normal aging does not imply disease, the occurrence of chronic diseases rises with advancing age. High cost of beauty or anti-aging products is likely to hamper this market.
Latin America Anti-Aging Market: Segmentation
Demographics
Baby Boomers
Generation X
Generation Y
Products
UV Absorbers
Anti-Wrinkle Products
Anti-Stretch Marks Products
Natural Products
Hair Colour
Services
Anti-Pigmentation Therapy
Adult Acne Therapy
Breast Augmentation
Liposuction Services
Abdominoplasty
Chemical Peel
Eye-Lid Surgery
Hair Restoration
Sclerotherapy
Devices
Anti-Cellulite Treatment Devices
Microderm Abrasion Devices
Laser Aesthetic Devices
Radiofrequency Devices
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Based on geography the market is analysed under various countries namely, Mexico, Brazil and Argentina. Mexico is leading the market and expected to continue its dominance over the forecast period.
The key players dominating the anti-aging market include Coty Inc., Personal Microderm, Beiersdorf AG, Photomedex Inc., Lumenis Ltd, Alma Lasers Ltd, Solta Medical Inc., Cynosure Inc., LOreal, SA, and Allergan Inc. Opportunity for new products, services or devices are high as the market consists of recognized players and their brands.
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