Australia Anti Aging Therapeutics Market Analysis

Australia Anti Aging Therapeutics Market Analysis


$ 3999

Australia's anti-ageing therapeutics market is projected to grow from $7 Mn in 2022 to $27 Mn in 2030 with a CAGR of 18.03% for the year 2022-2030. The increasing elderly population and innovative technological advancements in Australia are responsible for the growth of the market. The Australian anti-ageing therapeutics market is segmented by product, treatment, target group, type of ageing, type of molecules, mechanism of action, ingredient, and by distribution channel. Clinuvel Pharmaceuticals, EZZ Life Science, and PharmatrophiX are the major competitors in the market.

ID: IN10AUPH030 CATEGORY: Pharmaceuticals GEOGRAPHY: Australia AUTHOR: Parul Choudhary

Buy Now

Australia Anti-Aging Therapeutics Market Executive Summary

Australia's anti-ageing therapeutics market is projected to grow from $7 Mn in 2022 to $27 Mn in 2030 with a CAGR of 18.03% for the year 2022-2030. A total of $105.8 Bn, or 16.8% of total government expenditures in Australia, is projected to be spent on health in 2022–23. Realistically, it is anticipated that overall spending will fall by 8.3% between 2021–22 and 2022–23 and by 4.4% between 2022–23 and 2025–26, mainly as a result of the cessation of COVID–19-related payments. In 2022–23, the Australian Government's Pharmaceutical Benefits Scheme (PBS) medicine payments will account for the majority of the $17.2 Bn, or 16.3%, in pharmaceutical benefits and services. In 2022–23, the general administration will account for $4.2 Bn, or 4.0% of total health expenditures, consisting of administrative costs, investments in workforce development programs, and support for rural health projects.

An example of how "mediascapes" function is the anti-ageing industry in Australia, which aims to imitate the American model while developing a more regionalized practice that takes into account regional needs, cultural orientations, and legal frameworks. Some of the goods have been around for a while in the complementary and alternative medicine (CAM) sector, but they were only recently rebranded as "anti-ageing." Vitamins, antioxidants, dietary additives like beta-carotene, selenium, and coenzyme Q10, homoeopathic goods, exercise routines, and diet plans are some examples. It also includes hormone therapies, testosterone, melatonin, human growth hormone (HGH), and dehydroepiandrosterone (DHEA), which have lately been marketed as anti-ageing products.

Australian scientists have recently concentrated their efforts on developing potent antiaging medications that have significantly increased the average lifespan of people. An extended lifespan has been demonstrated in numerous studies using animal models to examine genetics, dietary, and pharmacological treatments. Other studies have examined antiaging strategies, such as enhancement of autophagy, elimination of senescent cells, transfusion of young blood, intermittent fasting, stem cell therapy, physical exercise, adult neurogenesis boost, and antioxidant and herbal intakes, which have emerged in recent years. There is growing proof that certain lifestyle choices may prolong a person's life. 

Australia Anti Aging Therapeutics Market

Market Dynamics

Market Growth Drivers Analysis

With a sizable proportion of its population being 65 or older, Australia has an aging population. As people look for methods to maintain their health and vitality as they age, this demographic change is increasing the demand for anti-aging therapies. Significant progress has been made in developing a variety of anti-aging technologies, including gene editing and stem cell therapy, which have the potential to completely change the market and offer patients new treatment choices. The Australian government has made sizeable expenditures in the medical field, including investigating and developing a number of anti-aging treatments. This assistance is anticipated to stimulate the Australia anti-aging therapeutics market expansion and innovation.

Market Restraints

Many anti-aging therapies are not covered by public health insurance in Australia, where access to healthcare is mainly through the public health system. This may restrict patients' access to novel treatments and dissuade market investment. Consumer spending is influenced by economic factors, and a downturn in the economy might result in a decline in the Australia anti-aging therapeutics market.

Competitive Landscape

Key Players

  • Loam Bio (AUS)
  • Nutromics (AUS)
  • OccuRx (AUS)
  • Clinuvel Pharmaceuticals (AUS)
  • EZZ Life Science (AUS)
  • PharmatrophiX
  • Proteostasis Therapeutics
  • Retrotope
  • Stealth Biotherapeutics
  • TA Sciences
  • Unity Biotechnology Younger Phenotype

Healthcare Policies and Regulatory Landscape

The Therapeutic Goods Administration (TGA), which is a division of the Australian Government Department of Health, is the regulatory body in charge of regulating and supervising the licensing of anti-aging medications in Australia. The Department of Health in the Australian government houses the TGA. It primarily funds itself and runs on an expense recovery model. The TGA levies a yearly charge on the industry as well as fees for services (like evaluating new products). The Therapeutic Goods Administration Account, a particular account created in accordance with section 45 of the Act, is where all funds collected by the TGA are credited. These funds are used to support foreign regulatory activities for therapeutic goods as well as Australian regulatory activities. An individual or organization must request market authorization from the TGA in order to supply a therapeutic good in Australia. If a market authorization is given, the TGA evaluates the application, and the therapeutic good is then added to the Australian Register of Therapeutic Goods (ARTG). Therapeutic products are typically required to be registered on the ARTG in order to be legally imported, provided, or exported from Australia.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Anti-Aging Therapeutics Market Segmentation

By Product (Revenue, USD Billion):

  • Anti-Wrinkle
  • Hair Color
  • Ultraviolet (UV) Absorption
  • Anti-Stretch Mark
  • Others

By Treatment (Revenue, USD Billion):

  • Hair Restoration
  • Anti-Pigmentation
  • Adult Acne Therapy
  • Breast Augmentation
  • Liposuction
  • Chemical Peel
  • Others

By Target Group (Revenue, USD Billion):

  • Male
  • Female

By Type of Aging (Revenue, USD Billion):

  • Cellular Aging
  • Immune Aging
  • Metabolic Aging
  • Others

By Type of Molecules (Revenue, USD Billion):

  • Biologics
  • Small Molecules

By Mechanism of Action (Revenue, USD Billion):

  • Senolytic
  • Cell Regeneration
  • mTOR inhibitor/Modulator
  • AMP-kinase/AMP Activator
  • Mitochondria Inhibitor/Modulator
  • Others

By Ingredient (Revenue, USD Billion):

  • Retinoid
  • Hyaluronic Acid
  • Alpha Hydroxy Acid
  • Others

By Distribution Channel (Revenue, USD Billion):

  • Pharmacies
  • Stores
  • Online Stores

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

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of 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

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

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

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the 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 Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. 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.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

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

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

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

To request a free sample copy of this report, please complete the form below.


We value your inquiry and offer free customization with every report to fulfil your exact research needs.


This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue
Last updated on: 15 June 2023
Updated by: Shivam Zalke

Related reports (by category)


Related reports (by geography)


subscribe to our newsletter
up