Anti-Aging Drugs Market to Accelerate Based on Breakthrough Decisions

The anti-aging drug market is expected to grow at a tremendous rate in the coming years. With environmental health a concern, everything – from public transport networks, power supply and waste storage to monitoring the ecological balance – is supported by IoT and AI. One could therefore deduce that with “smart cities” will come “intelligent solutions for end users” in the years to come.

Longer life expectancy is a cumulative effect of a healthy lifestyle and favorable environmental conditions. A trend of continuous increase in life expectancy has been observed for a decade, mainly due to advances in medical sciences and the treatment of life-threatening chronic diseases, the availability of drinking water and the environment and other factors.

This trend is set to show an even more exponential growth graph due to anti-aging drugs, stem cell therapies, genetic testing and interventions, and high-tech biomedicine. The American Academy of Anti-Aging Medicine has claimed that anti-aging drugs can add up to 10 to 20 years to a human’s lifespan. Today, a combination of low-calorie diet, regular exercise, and anti-aging drugs is believed to slow the process of senescence and aging.

Various drugs used against the treatment of acute or chronic diseases can be considered as anti-aging drugs, however, to define the anti-aging drugs market, we have only considered drugs directly prescribed and used to delay the effects of aging.

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The ever-increasing demand to look youthful in older people and to stay youthful and youthful in youth is driving the anti-aging market. The influence of aesthetics from the fashion and television industry propels the demand to retain the characteristics and energy of young age in the elderly.

Additionally, the growing number of anti-aging drug manufacturers over the decade has contributed to greater availability of anti-aging drugs, which has resulted in the expansion of the global anti-aging drug market. However, the skeptical approach of anti-aging medicine as an external stimulator of cell cycles is holding back the expansion of the anti-aging medicine market.

Market segmentation

based on product type

hormone replacement therapy
Immune Booster Therapy
Antioxidant therapy

route based

Oral
Injectables
Topical

distribution channel based

Hospital pharmacies
Retail pharmacies
E-commerce
Pharmacies

Region

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

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Rising demand for beauty consciousness among people and desire to stay young is the major factor fueling the growth of anti-aging drugs in the market. Recognized product benefits and affordability along with regional presence drives the demand for anti-aging drugs in the global market. The Hormone Replacement Therapy segment in product type is expected to account for maximum market share in terms of revenue in the global anti-aging drugs market.

However, the Antioxidant Therapy segment in Product Type is expected to grow with the highest CAGR over the forecast years owing to the rising awareness of the plethora of benefits of antioxidants in anti-aging among the public. Based on route of administration, the global anti-aging drugs market is segmented into oral, injectable, and topical, of which the oral segment is expected to generate maximum revenue share during the forecast period.

Based on the distribution channel, the global anti-aging drug market is segmented into hospital pharmacies, retail pharmacies, e-commerce and pharmacies. The e-commerce segment in the distribution channel is expected to grow with the highest CAGR during the forecast period.

Regionally, the global Anti-Aging Drugs market is segmented into five key regions viz. North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. The North American Anti-Aging Drugs Market is expected to account for the largest market share in terms of revenue in the global Anti-Aging Drugs Market due to higher healthcare expenditures and the presence of numerous manufacturers.

Europe is expected to hold the second largest share of the global anti-aging drug market over the forecast period owing to the growing geriatric population and increasing spending on healthcare products and supplements. The MEA anti-aging drug market is expected to grow slowly over the forecast period owing to the limited presence of manufacturers and declining healthcare expenditure.

Asia-Pacific region is expected to grow with the highest CAGR over the forecast years in the global anti-aging drugs market owing to increased end-user demand and regional penetration of key players in the region.

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Some of the players operating in the global anti-aging drugs market are Pfizer, Evolution GmbH, Himalaya Global Holdings Ltd., Cipla Limited, Mylan Laboratories, Novartis, Merck Group, Vitabiotics, William Ransom & Son Holdings Plc, Uni-Vite Healthcare and Health Made Easy Limited among others.

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