The future of anti-ageing is looking very challenging and there is presently no permanent medical method/technology that reverses the ageing process. As per the recent Asia Pacific Anti-Ageing Market Research Report 2021, India is the fastest growing market and is predicted to grow at a compound annual growth rate (CAGR) of 12-15 per cent in upcoming years.
The anti-ageing market in India is on par with global market trends because of accelerating factors like globalisation, lifestyle changes, and advanced innovations in cosmeceuticals.
The rise in consumer demands for anti-ageing solutions, with the increase in income and lifestyle standards among the population across India, is the key factor driving the growth of this market, aside from the fact that a large population in India has also become very savvy and prioritise the way they look and present themselves more now, than ever before. A lot of growth in this trend can also be attributed to the easy access of information about the evolving anti-ageing solutions available.
According to the United Nations World Population Prospects 2019 report, the total population within the range of 40-59 years of age was approximately 17,83,309 in 2019, and it is predicted to reach 20,46,991 by 2030, leading to an upwards trend in the rise of anti-ageing solutions hitting the market. Cosmetic methods are expected to grow at a CAGR of 8.1 per cent from $191.5 billion in 2019 to $421.4 billion by 2030.
Similarly, there has been an increase in the number of patients opting for Botox treatments globally since 2019, as stated by the International Society of Plastic Surgery. On the other hand, method innovation, advancement in technology, increasing investment in research and development by the plastic / cosmetic surgeons and scientists towards the innovation of extremely safe and highly efficient skin care solutions are expected to accelerate the anti-ageing market worldwide in the same manner and India is no different, keeping their current growth status in mind.
What's the 'In Thing'?
Institutes/Companies involved in ‘anti-ageing’ endeavour in India
●Indian Institute of Science (IISc), Bengaluru
● Centre for Cellular and Molecular Biology (CCMB), Hyderabad
● St. John’s Geriatric Centre, Bengaluru
● Indian Institute of Technology-Guwahati (IIT-G)
● Indian Institute of Science Education and Research (IISER) Bhopal
● Institute of Himalayan Bioresource Technology (IHBT), Palampur
● National Institute of Immunology, New Delhi
● Manipal School of Life Sciences, Bengaluru
● Central Drug Research Institute (CDRI), Lucknow
● Stempeutics Research, Bangalore
● StemRx Bioscience Solutions, Navi Mumbai
● Advancells, Noida
● Reliance Life Sciences, Mumbai
● Smart Metabolic Anti-Ageing Centre, New Delhi
Source – https://www.biospectrumindia.com/views/59/20489/the-business-of-looking-good-soars-.html
