The Global Anti-Ageing Drugs Market is expected to reach US$ 124,896.6 million by 2023, and the market is projected to grow at a CAGR of ~ 13.3 % during the forecast period 2017-2023
Anti-aging drugs are used to slow down or reverse the processes of aging to extend the lifespan. Aging, is that damage to the body’s macromolecules, cells, tissues, which is facilitated by genomic instability, epigenetic alterations, loss of proteostasis, mitochondrial dysfunction, cellular senescence, stem cell exhaustion, oxidation damage by free radicals etc. Anti-aging drugs market is currently in the developmental stage and scepticism is the most critical market restraint. Advancement in technologies and cellular understanding is the key to unravel the mysteries of ageing.
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The global anti-ageing drugs market is driven by factors such as the rising number of ageing population, growing demand for anti-aging drugs, influence of media and fashion industry, and growing demand to be young and healthy. The market constraints are scepticism, concerns of safety, stringent regulations and definition ambiguity etc. As many nutritional products with dubious claims are easily available on the web, there has occurred a flood of self-proclaimed experts proposing growth hormones, skin-care products, beta glucan, and a variety of dietary and nutritional supplements with claims that are difficult to validate. This concern has been expressed in many citizen bodies and media. Numerous cosmetics have been included or claimed to have anti-aging effects and have been termed as cosmeceuticals. The Food and Drug Administration has repeatedly warned many producers of anti-ageing medicines of such claims.
The key to development of the global anti-ageing drugs market is product development through greater research and development. The calorific restriction strategy of research is expected to be the most promising. Launch of any novel anti-ageing drug even with a meagre anti-ageing effect will be welcomed by the market as there is no drug at present. Thus, any novel drug will be a market leader with minimum marketing cost and efforts.
Global Anti-Ageing Drugs Market Players
Key players profiled in the report are Nu Skin, BIOTIME, INC., Elysium Health Inc., La Roche-Posay, DermaFix, L’ORÉAL, and others.
Taste the market data and market information presented through more than 50 market data tables and figures spread over 80 pages of the project report. Avail the in-depth table of content (TOC) & market synopsis on “Global Anti-ageing drugs market” Research Report – Forecast till 2023.
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Segmentation
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 applications, the market is segmented into skin and hair, skeletal and muscles, age related disorders and others.
Regional Analysis
The Americas holds a significant market share followed by Europe. The high per capita income of the US, the presence of large innovative players in healthcare of the US regions drive the anti-ageing drugs market. The ageing population of baby boomers is expected to propel the market in the US. North America lead the global anti-ageing drugs market with revenue of $ 42,470.5 million in 2016.
Europe is the second largest market in the globe due to a high healthcare expenditure and influence of media industry.
Asia Pacific region is expected to grow rapidly; Japan, China, and India are likely to lead the market due to unmet needs during the forecasted period. APAC is expected to grow at a higher CAGR of 15.3 % than the other regions because of increasing ageing population in this region.
Gulf nations such as Saudi Arabia and the UAE drive the Middle East & African market. The African region is expected to witness a moderate growth owing to poor economic and political conditions and poor healthcare development.
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