(MENAFN- EIN Presswire) EINPresswire/ -- What Is The Forecast For The Anti-Aging Drugs Market From 2024 To 2029?
The market size for anti-aging drugs has seen impressive growth in recent years. It is set to increase from $57.18 billion in 2024 to $60.81 billion in 2025 with a compound annual growth rate (CAGR) of 6.3%. The previous period of growth is linked to an uptick in chronic illnesses related to aging, heightened awareness about health problems related to aging, governmental backing for aging research, and a consumer emphasis on wellbeing and longevity.

The market for anti-aging drugs is anticipated to surge notably in the coming years, with an estimated valuation of ""$83.29 billion in 2029"", witnessing an 8.2% compound annual growth rate. Factors contributing to this increase across the projected period could be linked to the advent of precision medicine methodologies, the rise of senolytic medicines, enhanced collaborative research efforts, aging therapeutic regulatory paths, and an upswing in customer acceptance of anti-aging interventions. Looking more closely, the trending sectors in the forecast period could include personalized and targeted therapies, cellular senescence senolytic medicines, gene therapy integrated with Crispr methodologies, a greater emphasis on maintaining mitochondrial health, and the modulation of the microbiome for longevity.

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What Are The Core Growth Drivers Shaping The Future Of The Anti-Aging Drugs Market?
The surge in the elderly population is anticipated to fuel the expansion of the anti-aging drugs market. The surge in the elderly population indicates a greater percentage of senior citizens aged 60 years and over, relative to other age cohorts within a population. This demographic change originates from healthcare advancements resulting in prolonged life, decreased birth rates, and evolution in social and economic constructs. Anti-aging drugs are utilized to enhance the healthy lifetime of individuals who continue to show signs of youthfulness. For example, in October 2022, the World Health Organization, a Switzerland-based international public health body, predicted that by 2030, one in every six individuals worldwide would be over 60 years of age, and by 2020, the number of senior citizens would grow from 1 billion to 1.4 billion. Furthermore, as per the Eurostat database, a statistical department of the European Union, senior citizens (aged 65 and above) constituted 21.1% of the population, increasing by 0.3% point (pp) from the previous year and by 3.1% pp from a decade before. Consequently, the escalation in the elderly population is stimulating the growth of the anti-aging drugs market.

Which Companies Are Currently Leading In The Anti-Aging Drugs Market?
Major players in the Anti-Aging Drugs include:
. L'Oréal S.A.
. Galderma S.A.
. Merz Pharma GmbH & Co. KGaA
. Sanofi S.A.
. Elysium Health Inc.
. Estée Lauder Companies Inc.
. AbbVie Inc.
. La Roche-Posay
. Nu Skin Enterprises Inc.
. Dermafix Biotech Private Limited

What Are The Top Trends In The Anti-Aging Drugs Industry?
The introduction of innovative products is a leading trend gaining traction in the anti-aging drugs market. To maintain their market position, companies in the anti-aging drug market are embracing innovative products. To illustrate, SkinCeuticals, a skincare company based in the U.S., rolled out a new corrective cream called A.G.E Interrupter Advanced in April 2023. The product enhances the integrity of collagen matrix. The cream features wild fruit flavonoids, glycyrrhetinic acid, and a higher concentration of proxy lane (20% more than the original A.G.E Interrupter). A.G.E Interrupter Advanced surpasses conventional anti-aging products by targeting all phases of the glycation process, rectifying existing signs of aging, and safeguarding against both new and recurring damage due to A.G.E formation.

Comparative Analysis Of Leading Anti-Aging Drugs Market Segments
The anti-aging drugs market covered in this report is segmented –
1) By Product: Serums, Creams, Gels, Other Products
2) By Drug Class: Hormonal Therapy, Antioxidants, Enzymes, Stem Cells
3) By Type: Injectable, Oral, Topical
4) By Ingredient: Retinoid, Hyaluronic Acid, Alpha Hydroxy Acid, Other Ingredients
5) By Drug Application: Skin And Hair, Skeletal And Muscles, Age Related Disorders, Other Applications

Subsegments:
1) By Serums: Anti-Aging Vitamin C Serums, Retinol Serums, Peptide Serums
2) By Creams: Moisturizing Anti-Aging Creams, Night Creams, Eye Creams
3) By Gels: Hydrating Anti-Aging Gels, Firming Gels, Exfoliating Gels
4) By Other Products: Masks, Supplements, Treatments

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Which Regions Are Dominating The Anti-Aging Drugs Market Landscape?
In 2024, North America led the anti-aging drugs market as the largest region. The report on the anti-aging drugs market includes regions like Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.

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