Industry Analysis & Industry Trends
Although the recession led to reduced spending on industry services due to high unemployment and low disposable incomes, demand is forecast to pick up as the economy recovers. Industry growth will be driven by improving disposable income, an aging population and an increasing emphasis on outward appearance. Many major operators will seek to expand internationally and launch new brands, products and services. At the same time, they will continue to experience competition from substitutes, such as surgical procedures, pharmaceuticals, herbal remedies and lotions... purchase to read more
Industry Report - Starting a New Business Chapter
The Hair Loss Treatment and Removal industry has low barriers to entry. The industry is highly fragmented with many small firms, making it easy for new entrants to enter the market. Despite high competition, demand is growing sufficiently strong for new firms to attract customers. The vast majority of firms specialize in temporary hair removal, which require minimal startup costs.
Additionally, while technological change has increased over the past five years, it is still relatively moderate compared with other industries. Most technological developments are upgrades one existing laser and electrolysis equipment. Furthermore, industry operators primarily provide a service and only require an initial capital investment... purchase to read more