South Korea Anti-aging Therapeutics Market Analysis


  • Type: Common Disease Area
  • Published : June 2021
  • Region: Asia
  • Country: South Korea
  • Report ID : 4920

  • Format: PPT, PDF

South Korea Anti- Aging Therapeutics Market: Segmented By Drug Class (Serums and Supplements, Antioxidants And Enzymes, Stem Cells, Medication), By Product Type (UV Absorbers, Anti-Wrinkle Products, Anti-Stretch Marks Products, Natural Products and Others), and By Devices (Anti Cellulite Treatment Devices, Microderm Abrasion Devices, Laser Aesthetic Devices, and Radiofrequency Devices)- Growth, Trends and Forecasts (2019 – 2028)

SKU: 4920 Categories: ,

Report Overview

The South Korea anti-aging therapeutics market size stood at around USD xx billion in 2019 and is projected to reach xx billion by 2028, exhibiting a CAGR of around 5.6% during the forecast period.

The aging process in the skin is due to a combination of intrinsic and extrinsic factors, among which ultraviolet (UV) radiation is believed to play an important role. UV radiation facilitates aging by increasing reactive oxidation species and cellular damage, epidermal hypertrophy, hyperpigmentation etc. Skin care products promise anti-aging effects by counteracting these various factors.

South Korea is one of the world’s most innovative and fastest growing beauty markets. Although South Korea has a population of around 51 million compared to the U.S. population of 300 million, the South Korea skin care market is worth $4.4 billion, rivalling the U.S. skin care market at $5 billion. South Korean skin care products focus on anti-aging and skin whitening using natural botanical and animal ingredients such as green tea, ginseng, and snail serum.

Market Drivers

Aging market presents one of the most significant opportunities for market growth. The rise in consumer demand for anti-aging solutions, with increase in lifestyle standards and income is positively impacting the market growth. Innovations in research and development area and the highest investment in R&D are propelling the anti-aging market in south Korea. For instance, Amorepacific R&D Center, together with the Korea Advanced Institute of Science & Technology (KAIST), developed an original technology that reverses the aging process in human dermal fibroblasts. In 2014, Kolmar Korea developed anti-aging materials with native plants. Thus, all companies in the cosmetic industry are strategizing to tap the profitable anti-aging market. Lack of awareness, scepticism, and concern for safety in this region are restraining factors for the market growth.

1. South Korea Anti-Aging Therapeutics Market Overview…………………
A. Market Size
2. Market Growth Drivers………………………………………………….
A. Increasing Geriatric Population
B. High Level Of Disposable Income And Rising Awareness
3. Anti-Aging Therapeutics Market Services………………………………
A. Anti-Pigmentation Therapy
B. Adult Acne Therapy
C. Anti- Wrinkle Treatment
D. Skin Resurfacing
E. Others
4. Anti-Aging Therapeutics Market Segmentation………………………
A. Drug Class
I. Serums and Supplements
II. Antioxidants And Enzymes
III. Stem Cells
IV. Medications
B. Products
I. UV Absorbers
II. Anti-Wrinkle Products
III. Anti-Stretch Marks Products
IV. Natural Products
V. Others
C. Devices
I. Anti-Cellulite Treatment Devices
II. Microderm Abrasion Devices
III. Laser Aesthetic Devices
IV. Radiofrequency Devices
5. Anti-Aging Products Market Share………………………………………………….
A. Market Analysis, Insights and Forecast – By Revenue
6. Competitive Landscape……………………………………………………
A. Major Players
B. Products in Pipeline
7. Key Company Profiles………………………………………….
A. Medytox Inc Company Overview, Product & Services, Strategies & Financials
B. Ildong Pharmaceuticals Company Overview, Product & Services, Strategies & Financials
C. Dongkook Pharmaceuticals Company Overview, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape…………………………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth………………………………………………
A. New Trends and Development of Anti-Aging Therapeutics Market
B. Future Opportunities
10. Conclusion



Market Segmentation

By Drug Class:

On the basis of drug class, the anti-aging therapeutics market is segmented into serums and supplements, antioxidants and enzymes, stem cells and medication.

By Product:

According to products market is segmented into UV absorbers, anti-wrinkle products, anti-stretch marks products, natural products, and hair colour.  Anti-stretch mark and anti-wrinkle products are projected to have significant growth over the forecast period. The growing demand for anti-stretch mark products is mainly due to the increasing incidence of obesity. In 2020, the anti-wrinkle cosmetics market in South Korea was worth approximately USD 1.1 billion.

By Device:

According to type of device used market segments are anti cellulite treatment devices, microderm abrasion devices, laser aesthetic devices, and radiofrequency devices.

Top Players

Domestic key market players in the anti-aging therapeutics market are Medytox Inc, Ildong Pharmaceuticals, Dongkook Pharmaceuticals, Hanmi Pharmaceuticals, Daewoong Pharmaceuticals, Yuhan, Chong Kun Dang.


Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

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Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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