Wellesley, Mass—According to a new technical market research report, ANTI-AGING PRODUCTS AND SERVICES: THE GLOBAL MARKET (HLC060A) from BCC Research (www.bccresearch.com), the global market for anti-aging products and services was worth $162.2 billion in 2008. This will increase to $274.5 billion in 2013, for a compound annual growth rate (CAGR) of 11.1%.
The market is broken down into segments for appearance, disease and fitness. The disease treatment segment currently has the largest share of the market, worth $66.0 billion in 2008. This should increase at a CAGR of 12.5% to reach $119.2 billion in 2013.
The appearance segment has the second largest share of the market, worth $64.4 billion in 2008. This segment is expected to generate $105.4 billion in 2013, for a CAGR of 10.4%.
The fitness segment has the third largest market share and was worth $31.8 billion in 2008. This is expected to reach $49.8 billion in 2013, for a CAGR of 9.4%.
The appearance market consists of the facial rejuvenation, skin rejuvenation, hair care and body shaping markets. The disease management market consists of preventive and reactive health care for all the diseases of aging such as joint and bone health, Alzheimer’s, sexual dysfunction, metabolic disorders, eye and cardiovascular diseases. The fitness market consists of gym, spa and massage services.
The global anti-aging market is further categorized by the products market and services market. The majority of the products include facial care, skin care, hair care, drugs and supplements, nutraceuticals, cosmetic equipment and fitness equipment. The majority of the services market includes cosmetic invasive and noninvasive services, complementary and alternative medicine therapies, bioregenerative services, spa treatments and massages, and gym services.
The services market accounts for a major portion of the global anti-aging market, or around 54.2% in 2008, and will increase to 55.6% in 2013, for a CAGR 11.7%. The products market will increase from $73.3 billion in 2008 to $199.9 billion in 2013, for a CAGR 10.4%.