The size of the Middle East & Africa Anti-Aging Market was worth USD 0.54 Billion in 2022 and estimated to be growing at a CAGR of 5.29%, to reach USD 0.69 Billion by 2027.
The leading cause of the rise in the aging population is the reduction in mortality and declining fertility. The increase in the aging population all over the region is in itself a market driver for more demand for anti-aging products and services. The success of public health policies, socio-economic development has led to a good part of people aged over 60 and loner life expectancy. The future growth of products depends on innovation and technological development with an increase in the efficacy and safety of anti-aging products.
Opportunity for new products, services, or devices is high as the market consists of established players and brands. However, the market is still searching for minimally invasive services, highly efficient products, and portable and technologically advanced devices.
This research report on the MEA Anti-Aging Market has been segmented and sub-segmented into the following categories:
Based on region, Africa is leading the market, and Middle-East is likely to grow at the highest rate in the forecast period. MEA is a promising primary market, with significant demand from the UAE and South Africa. Increasing disposable income in these regions is also contributing to regional expansion. In addition, the growing elderly population and increasing awareness of skincare systems are contributing to market growth. Along with this, growing investments in the development of new products by both public and private organizations are boosting up the demand of the market.
The anti-aging market in Saudi Arabia is also expected to achieve the fastest growth in the MEA region. It is likely due to the growing awareness of innovation and advanced applications in anti-aging products and equipment in Saudi Arabia, an increase in the number of beauty treatments, and a growing elderly population.
KEY MARKET PLAYERS:
Companies such as Coty Inc., Personal Microderm, Beiersdorf AG, Photomedex Inc., Lumenis Ltd, Alma Lasers Ltd., Solta Medical Inc., Cynosure Inc., L’Oreal, SA, and Allergan Inc. are some of the noteworthy companies in the MEA Anti-aging market.
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