US market for Anti Aging Products

Today's mature adults control more than $7 trillion in wealth in the United States [Harvard Business Review, March 2004], or 70% of all US wealth. Further, they bring in $2 trillion in annual income and account for 50% of all discretionary spending." [Associated Press, March 7, 2004]. At the co-located Chicago Anti-Aging Exposition, more than 300 corporate booths displayed the latest technologies from the medical and biotech market aimed at improving and/or extending the human lifespan. The United States market for anti-aging products and services exceeds $45.5 billion (2004). Growing at an average annual growth rate of 9.5%, this market will reach nearly $72 billion by 2009. [Business Communications Company, Inc., February 2005.] Companies with products and services in the $7.7 billion appearance products and services market also were represented.