In recent years, the beauty and aesthetics industry has experienced a transformative boom. With an increasing focus on wellness and self-care, aesthetics businesses are thriving, capturing the interest of entrepreneurs and investors alike.
Over half a million aesthetic procedures were performed in the UK in 2023. 7.7 million people have undertaken an aesthetic treatment – 11% of the UK population – and 13.9 million are considering it in the next 12 months.
With the UK aesthetics market booming, here’s a closer look why now may be the ideal moment to buy an aesthetics business:
Growth Trajectory: The UK’s aesthetics industry is on a remarkable growth trajectory, with its market value estimated at £3.6bn in 2023 and forecasts predicting a rise to £5.4bn by 2026. This surge has been driven by advancements in technology, an expanding demographic of beauty-conscious customers, and a broadening acceptance of aesthetic treatments across a variety of age groups and genders.
Technology: From non-invasive procedures like laser treatments and fillers to advanced skincare solutions, technology is revolutionising how consumers approach aesthetic procedures. This tech-driven evolution not only enhances client satisfaction, but also expands the potential clientele, making procedures safer, more affordable and quicker.
Diversifying Clientele: Today’s aesthetics market is thriving due to an increasingly diverse and demanding client base. The industry now caters to a variety of clients, from young adults seeking preventative treatments to older adults opting for rejuvenating procedures. A larger number of men are now opting for aesthetic treatments, representing potential for expansion and investment.
Flexible Business Models: Investing in an aesthetics business offers a level of flexibility that is rare in other industries. With the right strategy, an aesthetics business owner can adapt to market trends with relative ease. Whether it’s broadening service offerings, leveraging digital marketing or integrating virtual consultations, the market has plenty of space for innovation.
While no investment is without its risks, the aesthetics industry presents a compelling opportunity for those thinking about entering the market. With a growth trajectory that shows no signs of slowing down, cutting-edge technology and a diverse clientele eager for advanced beauty solutions, now is an opportune time to buy an aesthetics business.
As you consider this exciting venture, Redwoods Dowling Kerr are on hand to provide industry-leading support. Get in touch with our expert team to find your ideal aesthetics opportunity.
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