Indian Anti-Aging Drugs market size stood at USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of 12% during the forecast period.
India has the fastest-growing market Anti-aging Market. Owing to changes in the lifestyle, advanced innovation in cosmetics and escalating healthcare expenditures are majorly elevating the market growth in India. Serum and Cream products are the top- selling anti-ageing products in India. The Indian market has been shaped by constantly changing customer demands. Since most of the customer base has become social media savvy, awareness about anti-aging solutions has increased. Hence, providing innovative and compelling products & services has become imperative for market players. Surging demand for anti-aging skincare solutions is one of the primary growth stimulants for the market. It will continue to increase as the millennial population ages. Additionally, technological advancements in such devices have decreased the side-effects as well, making its youthful effect last longer on the skin. These factors are resulting in the increasing adoption of anti-aging solutions in India.
The advancements in technology and massive investments in research and development activities have led to the introduction of new anti-aging treatments and products, such as plastic surgeries, breast implants, botulinum toxin injection therapies, etc. offer long-term results. Population aging is poised to become one of the most significant social transformations of the twenty-first century, with implications for nearly all sectors of society. Therefore, demand for the betterment of themselves is also increasing. Strict rules and regulations have encouraged the manufacturers to introduce safer and more efficient anti-aging products that provide quick results to the consumers, widening the market’s growth prospects. The easy availability of a wide variety of portable, easy-to-use, and convenient at-home anti-aging devices for wrinkle reduction, skin rejuvenation, cellulite reduction, and microdermabrasion has increased the inclination of consumers toward them. These products are more enhanced and protect the skin from sun damage. The adult generation is concentrating on preventive measures to keep the signs of aging at minimal, and the aged population is trying to maintain a youthful appearance via the adoption of these products.