Life expectancy has increased due to advances in medical science but with little progress towards quality of life or the length of disease-free years in the majority of population. Developments in anti-aging drugs might obviously help in extension of the active life of older people and maintenance of their quality of life i.e. to stay healthy and biologically efficient.
Many natural aging mechanisms frequently result in actual diseases. So, fighting with an aging process is bringing an improvement of an age related illness. Thus, anti-ageing drugs treat the underlying causes of aging and aims at alleviating any age related ailment. Aging is a progressive failure of metabolic processes. Human bodies are made of cells, and aging occurs when there is cell death. As an infant, child and young adult, body’s cells are strong, resilient and can make new cells. As the years advance, body’s ability to generate new cells diminishes, cell death occurs, and the aging process ensues.
Future advancements in anti-ageing drugs involve manipulating genes, increasing utilization of stem cells (embryonic and adult) and targeted delivery of nutrients and drugs using nanotechnology. Advanced anti-ageing drug technologies focused on the early detection, prevention, and treatment of aging-related disease. Thus, new drug in development may hold promise for treating a whole range of age-related diseases and increasing efficacy and safety of anti-aging products. This is propelling the anti-ageing drugs market growth. Increased awareness about ageing signs, increase in obesity and sedentary routine are fuelling the market growth making it one of the rising markets in today’s world.
North America is the largest anti-aging drugs market both in terms of volume and revenue in 2023 followed by Europe due to high level of awareness pertaining to the benefits of anti-aging drugs amongst healthcare professionals, high adoption of anti-aging drugs technology, technological advancements in cardiac pacemakers. Asia Pacific is expected to register significant growth over the forecast period due to the high-untapped opportunities, new anti-aging services, products and devices in this region, a large pool of patients, improvement in healthcare facilities, supportive government initiatives and increasing investments by manufacturers especially in China and India.
Anti-Aging Drugs Market : Product Type
Anti-Aging Drugs Market : Application
Anti-Aging Drugs Market : Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Anti-Aging Drugs Market:
Geographical analysis of Anti-Aging Drugs Market:
Global Anti-Aging Drugs Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2023 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2023) |
USD 67477.93 million |
Forecast Value (2030) |
USD 95583.02 million |
CAGR (2022 to 2028) |
5.1 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Anti-Aging Drugs Market was valued at around USD 67477.93 million in 2023 & estimated to reach USD 95583.02 million by 2030.
Anti-Aging Drugs Market is likely to grow at compounded annual growth rate (CAGR) of 5.1% between 2024 to 2030.
Anti-Aging Drugs Market is dominated by the Injections segment and the North America region holds the highest market share in 2023.
Some of the top key players in the Anti-Aging Drugs Market are PrivateLabelSk, Allergan, Johnson and Johnson, Alma Lasers, Photomedex, Est?e Lauder, Lumenis, Solta Medical, Beiersdorf, Cynosure, Procter & Gamble, L'Oreal.
Primary driving factors for the growth of the Anti-Aging Drugs Market include High-untapped opportunities, new anti-aging services, products and devices in this region, a large pool of patients, improvement in healthcare facilities, supportive government initiatives and increasing investments by manufacturers.
Yes, the report includes COVID 19 impact on the market.
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