The average life span of a person in India has increased due to advancements in the field of medicines. This has led to more people being subjected to the anxiety that comes with the aging process. Consequently, the motivation to look younger among the population has increased, which is fueling the demand for anti-aging products and devices in India.
According to 6Wresearch, India anti-aging device and product market size is projected to grow at a CAGR of 11.3% during 2019-25. Advancement in technology used in anti-aging devices has made it possible to use them as one-stop beauty solution, which in turn is attracting more people towards them. Further, due to these advancements, side-effects of anti-aging devices and products have become negligible and as a result, people are becoming more receptive towards their use.
According to Chhavi Malpani, Senior Research Analyst, Research and Consulting, 6Wresearch, "A social stigma has been created for appearance of light wrinkles and lines on the faces of people. As a result, people have started adopting measures to combat the early occurrence of such symptoms. Therefore, the anti-wrinkle products segment holds the maximum share in the overall anti-aging products market in India. Celebrity endorsements of such products would also aid in the growth of anti-aging products segment in India over the coming years."
According to Sarthak Bansal, Research Associate, Research and Consulting, 6Wresearch, "By regions, the Northern India captured the highest revenue share in the overall India anti-aging device and product market in 2018. Whereas, Western India is expected to witness significant growth during the forecast period due to the increasing migration of people into the urban areas in the region and therefore increase in potential customer base for such products."
Some of the major companies in India anti-aging device and product market include Hindustan Unilever, Lotus Herbals, L’Oréal and Procter & Gamble.
"India Anti-Aging Device and Product Market (2019-2025)" report provides an in-depth analysis with 25 figures and 3 tables covered more than 75 pages. The report estimates and forecast the overall India anti-aging market by types, product types, device types, demography and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.