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Consisting of Services Involving Close Physical Proximity, Aesthetic Services Suffers the Ravages of Physical Distancing as a Key Measure Against COVID-19 Spread
The global market for Aesthetic Services is expected to slump by -8.7% in the year 2020 and thereafter recover and grow to reach US$24.9 billion by the year 2027, trailing a post COVID-19 CAGR of 6.2% over the analysis period 2020 through 2027.
With COVID-19 restricting the type of care to only essential services during the quarantine period, elective surgeries, non-essential medical, surgical, and aesthetic procedures witnessed a significant decline in revenues. A good percentage of these clinics completely halted operations while others resorted to reducing the number of working hours leading to significant reductions in their revenues. Clinics had to follow completely new protocols of working for continuing safe operations which also proved to