Member - Blog

How the Medical Aesthetic Industry is Dealing with the Ongoing Pandemic

 

The recent developments and the catastrophic consequences surrounding the COVID-19 pandemic have affected most industries, including the medical aesthetic industry. To comply with the social distancing guideline, many skincare clinics have had to shut down for an indefinite period.

The financial impact on businesses has been immense; most practitioners have had to shut down their clinics which has resulted in drastically reduced revenues and reduction in inquiries. This situation will continue as most US states have announced the continuance of restrictions on people’s movements and the indefinite closure of all non-essential businesses.

The staggering impact of the current outbreak has put a question mark on the present and future of the medical aesthetic industry. In this post, we will delve into the areas of this specific industry in terms of dealing with the situation and whether it is resilient enough to make a comeback.
 

The Current and Future Impact of COVID-19 on the Medical Aesthetics Industry


We have put together some scenarios that the medical aesthetic industry may face due to COVID-19.
 

Situation 1:


The impact of the outbreak may force people to change their perspective. When aesthetic clinics resume operations, customers’ priorities will have taken a different direction and undergoing skin treatments will be the last thing on their list. As a result, there could be a sharp drop in aesthetic treatments.
 

Situation 2:


The clients may not cancel their appointments and may instead just postpone them. They may consult the aestheticians online and the aesthetic industry may survive.
 

Situation 3:


All aesthetic treatments will be suspended for an indefinite period. Some clinics may survive, but others may not. Practitioners, who have a second stream of income, are likely to survive if their business has lower overhead expenses. Depending on the situation in the future, due to loss of income, customers may not be able to spend on aesthetic treatment. A large section of people will be relying on government aids and their insurance.
 

Situation 4:


There could be a spike in the aesthetic business after the crisis gets over, as more people could be looking for less expensive and minimally invasive skincare treatment. However, it remains to be seen whether clients will be able to afford even relatively inexpensive treatments because COVID-19 has had a significant impact on their income and lifestyle. Again, it will be a matter of priority.

 

Read Also: Medical Tips on Aesthetic Skincare While Staying Indoors

 

 

What the Future May Have in Store

 


The outbreak of COVID-19 has shown us how fast things can change, from a prosperous situation into a bleak future. In the current situation, the future of businesses will depend on the circumstances, decision-making and adaptability.

Just like most industries, the medical aesthetic industry has a cloud of unpredictability hovering over it. For now, the industry and the practitioners can resort to digital consultations and after-care to survive. Many consultants have shifted to the digital platform and are offering consultations via Skype, FaceTime, Zoom and other video communication apps. We still have to wait and see if future legislative changes will alter the landscape of the aesthetics market.

A recent study by the consulting firm McKinsey shows that the economic impact of the COVID-19 pandemic on various industries will be more far-reaching than any recession. However, there are still signs that the aesthetic industry may claw its way back with resilience. In China, the total sales in the aesthetic industry in February dropped by 80 percent compared with the previous year. In March, the decline was 20 percent, which is a significant comeback under the current scenario.

We fully understand the uncertainty and confusion in this lockdown phase. However, if you are having skin issues, it is best to get it treated. We are open and are offering our services based on appointments. Schedule a consultation by calling us at 408-294-2399. You can also send an email to us at info@raniMD.com, and we will get back to you shortly.

  • Jun 07, 2020
Become a Member to post Articles

Search In blog :

Categories :

Education Services (Schools, Tutors) (43)

Tips For Students To Improve Their Writing This Semester

Benefits of Smart Cities

Best Event Management Institutes Mumbai

You're Losing Grades by Not Using Essay Assistance

4 Tips To Make Yourself Prince2 Certification Ready

5 Skills To Be Pinned In Your DevOps-Engineer Journal

Kindergarten Readiness - What Teachers Can Do

A Sneak Peak To The Learning Carnival - Get Latest Technology Insights

NEET 2020 Exam Details

How to Make Your Students Listen to You

Advance Your Career with an Early Childhood Education Certification

6 Main Differences Between IGCSE And CBSE

What Can You Expect For NEET 2020?

A Guide To Online Learning During The COVID 19 Pandemic

NEET Chapter Wise Weightage For Subjects

Why Is Social Development an Important Part of Early Education?

New JEE And NEET Dates For 2020

Effective ‘Learn From Home’ During The Corona Crisis

Ways to Keep Your Little One Engaged at Home

Sports – An Integral Part of School Life

How to Effectively Home School your children during the Covid-19 Pandemic

Boarding School – Why It Is the Best Option

Simple Strategies to Help You Improve Your Exam Scores

Why ICSE Could Be the Right Option for Your Child

Career Options After an Early Education Program

Online Schooling: A Perspective In The Current Scenario

What Are Your Career Options in the Early Education Field?

Top 10 IBDP Terms Parents Need To Know

Child Care Center Director - Qualification and Responsibilities

How To Stay Focused During The AP Exams 2021

Tips for Effective Online Learning

Are SAT Subject Tests Required For College Admission?

Making Possible Effective Career Advancement as an Educator

Early Childhood Education Program - What You Need to Know

8 Interesting Facts About ACT

Why Students Should Take AP Courses?

Importance of Curriculum Planning in Education

10 Reasons To Choose Cambridge Curriculum For Your Child

What Is The Difference Between AI And AA In IB Math?

ECE Training and School Management

Differences Between IGCSE And IB Curriculum

What Is IGCSE And Is It The Right Choice For My Child?

How Do Early Childhood Educators Impact Children’s Emotional Development?

Health Care Treatment (51)

Ayurvedic treatment of skin diseases

Common Reasons Behind Chronic Abdominal Pain in Adults

Travelling for Surgery – Doing It the Right Way

Treating Cough and Cold with Homeopathy

What causes excessive burping?

Acid Reflux Should Not Be Ignored March 2020

Say Goodbye to Chronic Digestive Problems!

How to make your home safe for Elders

How to achieve Affordable Healthcare in India

The Importance of Regular Health Check-Ups April 2020

Diseases related to Gastroenterology and Hepatology

Do not ignore these signs of a cardiac emergency

Recognize the warning signs of brain tumour, save a life

Holistic Approach to Raising Immunity!

The Effect of Coronavirus on Mental Health

Homeopathy Can Set You on the Path to Holistic Wellness

How to deal with Traumatic Brain Injury

Healthcare in the Post COVID-19 World

Homeopathy’s Role in the History of Epidemics

A South Indian Diet Plan For Heart Patients

Peptic Ulcers: Causes and Prevention

Fever Awareness and Remedies

The Importance of Boosting Your Immunity the Natural Way

Never Ignore Head Injuries

Positive Patient Experience with Kauvery Hospital

Traumatic Brain Injury - Causes, Symptoms and Treatments

Advantages of Treating Childhood Illness with Homeopathy

Congenital Spine Defect Cured After Surgery

Managing Arthritis with Homeopathy

Health Risks While Returning to Work after the Lockdown

Cardiac Surgery During COVID Times – Restoring Hope

Urological Diseases that affect Youngsters and Elders

How to Find the Best Gynecologist

Homeopathy Can Ease Winter Illnesses

Life after COVID19 for Senior Citizens

Orthopaedic Precautions For Seniors In Cold Weather

Health tips for Elderly during COVID-19

Vaccines for New Born Babies

Gastroenteritis

Masterstroke Against Stroke

Tips to take care of the heart

Why is breast self-examination important?

Kauvery Hospital’s excellent liver transplant program

Why is a regular health checkup important?

Save Your Knees

Understanding Chemotherapy

Kidney Stones - Treatment Methods

Knowing When to Go to the Hospital

How are homeopathic medicines prepared?

Tips for Managing Spring Allergies

Ankle Sprain: Causes, Symptoms, and Treatment

Do You Have Questions?

Feel free to contact us by email. We usually respond within 24-48 hours.

Sign In LocalbizNetwork