Cosmetology Market Forecast in India
The relevance of research
The desire of people to remain beautiful and young has existed since ancient Greece and Rome. Even then, people invented many ways that, as a result, helped them in caring for their appearance, correcting acquired and congenital defects. The main goal of cosmetology is the full health of a person and its harmonious and normal development in the outside world and all spheres of life. Modern cosmetology has such a high rate of effectiveness only because it manages to properly combine all existing knowledge in this area, drugs developed over thousands of years and modern equipment that helps to use all this successfully.
Purpose of the study
Analysis of the state of the cosmetology market in India, assessment of the market size, analysis of competitors, as well as identification of factors affecting the cosmetology market
Content
Chapter 1. Key components of the cosmetology market
1.1. Market size
1.2. Cosmetology market growth rates
1.3. Cosmetology market trends
1.4. The main problems of the industry
1.5. Stage of the life cycle of the cosmetology market
1.6. Estimation of the number of buyers and their financial capabilities
1.7. Estimated consumption per capita
1.8. Analysis of sectoral indicators of financial and economic activity
1.9. Price analysis
Chapter 2
2.1. Economic components
2.2. Social Components
2.3. Technological components
2.4. Political Components
2.5. STEP-analysis of the cosmetology market
Chapter 3. Assessment of the degree of competition
3.1. Scale of competition (local, regional, national, global)
3.2. Number of competitors and relative market shares of the largest competitors
3.3. Compact location of industry companies in certain regions
Chapter 4 Industry Forecasts
4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
4.2. Analysis of the impact on the state aid industry at the current date
4.3. Assessment of the extent of the impact of the crisis on the analyzed market. Barriers existing in the cosmetology market
4.4. Prospects and growth drivers for the cosmetology market
4.5. Forecast of the development of the cosmetology market in the current economic crisis
Chapter 5 Forecasting Methodology
5.1. Methods for forecasting key industry indicators
5.2. Sources of information for forecasting
5.3. Timing of forecasting
Research excerpt
Chapter 1. Key components of the cosmetology market
1.1. Market size
Cosmetology is a field of medicine that studies the problems of the human body, their etiology, manifestation and method of correction, as well as a set of techniques aimed at correcting the aesthetic problems of a person's appearance.
Cosmetic services require…
Cosmetology services are a special type of medical services aimed at improving ...
...
The provision of cosmetology services is regulated by the Federal Law ...
Therapeutic cosmetology contains in its arsenal:
...
Surgical cosmetology is a combination ...
In 2009, the profession of a cosmetologist was officially approved in India. And in 2015, the profession ""Cosmetologist"" ...
Also, the cosmetology market is characterized by the presence of ... segment. This category includes services, the status of which ...
At the end of 2021, the volume of the cosmetology market in India amounted to … billion rupees, or about … million procedures.
The volume of India's GDP for 2021, according to the first estimate of Rosstat, amounted to … billion rupees in current prices. In value terms, the share of the cosmetology market …% - the industry can be attributed to …
1.2. Cosmetology market growth rates
The growth rate of the market in the period 2017-2021 allows us to state an almost annually growing ...
During 2016-2019, the market volume in monetary terms ... At the end of 2019, the volume of the cosmetology services market in India amounted to … billion Rs., which is …% more than a year earlier. The average annual growth rate of the market volume for 2017-2019 amounted to …%.
The closure of clinics in the spring of 2020 was a test of strength for most cosmetologists: to return to practice ...
Market participants claim that thanks to pent-up demand, the flow of patients is almost …
The period of isolation has become...
According to GidMarket, the market decline in value terms amounted to …% by the end of 2020 compared to 2019. Already in 2021, the market volume reached … billion Rs., which is …% higher than the level of 2020 and …% higher than the level of 2019 pre-crisis year.
Diagram 1. Dynamics of the volume of the cosmetology market in India, 2017–2021, billion Rs.
If we consider the market dynamics in physical terms (or in comparable prices), then the annual growth rate until 2019 was in …%, which is due to the annual ... The drop in the number of procedures in 2020 was …
“Cosmetology has become one of those commercial medicine market niches where the pandemic …
The pandemic has further exacerbated the challenges facing the market. … In 2021, the market recovered by …%, but did not reach the level of 2019 by …%. Thus, in general, the growth of the market for cosmetology services occurs ...
...
1.3. Cosmetology market trends
...
1.4. The main problems of the industry
Based on the results of a comprehensive analysis of the situation in the market of cosmetology services and industry-specific medical products, the participants ... identified the following main problems of the industry:
- 1. Mass ...;
- 2. …;
- 3. Lack of communication...
- ...
During the pandemic, the influence of unscrupulous …
Preliminary data … for 2021 show that the share of cosmetic procedures performed by …%. According to a survey conducted among … specialists, almost …% of respondents who do not work in clinics admitted that …
Currently… the market has revived: all forms of… cosmetic injectable products, even those that almost faded away in the first year of the pandemic, have been recorded again in 2021. …
In value terms, in 2021, unregistered drugs amounted to: …%.
...
The situation with the training of specialists is not uniform across regions. Most of all cosmetologists with qualifications that meet the requirements of the Ministry of Health are in …
...
1.5. Stage of the life cycle of the cosmetology market
The cosmetology industry does not stand still; every year new methods, preparations and devices appear in it. In terms of life cycle, the cosmetology market in India is in the stage of...
This is evidenced by:
- ...;
- the formation of culture ...;
- ...;
- ...
1.6. Estimation of the number of buyers and their financial capabilities
During 2010-2018, there was an increase in the population. The growth of …% in 2015 compared to the previous year 2014 is due, in addition to natural growth and growth due to migration, by joining ... However, at the beginning of 2018, the population growth rate fell to …% compared to the previous year 2017, in 2019 (by 1.01.2019. ) population growth …
According to the forecast for the period up to 2024, the population will increase only if following ... At the same time, according to Rosstat, the population as of January 1, 2022 amounted to ... million people, which is less than ...
Consider also such a value as the real incomes of the population, which determine the level of effective demand.
From 2014 to 2017, there is a trend towards …
According to Rosstat data, in the 1st quarter of 2020, the index of real disposable income of the population amounted to …% compared to the 1st quarter of 2019. But already for the 2nd quarter, the indicator was equal to …% by the 2nd quarter of 2019. Despite the fact that quarantine restrictions were eased in the 3rd quarter, the income of the population continued …
According to the final data for the whole of 2020, the real incomes of the population fell by …%, the index amounted to …% by 2019.
...
Diagram 6. Dynamics of real incomes of the population of India, 2011–2021, % to the previous year
...
1.7. Estimated consumption per capita
...
1.8. Analysis of sectoral indicators of financial and economic activity
Consider the financial and economic indicators of the cosmetology market. The main activity of most clinics providing cosmetology services, according to OKPD2, is ...
The table shows the dynamics of the gross profit margin.
Gross margin is gross profit divided by sales revenue (excluding excise taxes and VAT). Gross margin shows how much gross profit comes from...
Compared to all sectors of the Indian economy, in 2017-2021, the cosmetology industry has … gross margin indicators. At the end of 2021, the gross margin of the industry is … the average for all sectors of the Indian economy.
Chart 8. Profitability before tax (profit of the reporting period) in the cosmetology industry in comparison with all sectors of the Indian economy, 2017–2021, %
The indicator of profitability before tax in the industry as a whole at the end of 2021 is …%, … compared to 2020 by … p.p. Regarding profitability in all industries of India, the indicators of the cosmetology industry in the study period were ... indicators of the Indian economy as a whole, in 2021 - by .. p.p.
Consider the indicators of liquidity in the industry. The indicator of current liquidity is a measure of the solvency of the organization, the ability to repay the current (up to a year) obligations of the organization.
The estimated indicator of current liquidity of a normally operating solvent legal entity should be ...
For the cosmetology industry under consideration, during the period from 2017 to 2021, the dynamics of the total coverage indicator was not stable. The nature of the change in this value ... In 2018 and 2019, …
A more stringent liquidity criterion is the absolute liquidity ratio. It shows what part of short-term liabilities can be repaid immediately, if necessary, at the expense of available cash and marketable securities.
The normal value of the absolute liquidity ratio fluctuates in ... Such a value of the absolute liquidity ratio means that ...
During the period under review, the overall indicator for all sectors of the Indian economy did not fall below …, which indicates …
The indicator in the cosmetology industry fluctuates significantly in the period under review - from ... to ... times, while during the entire period the level of absolute liquidity ...
In general, the analysis of sectoral financial ratios of the industry shows …
1.9. Price analysis
The dynamics of prices for cosmetology services is due to the general level of consumer inflation, rising labor costs, and the level of competition in the market. Prices for services in the field of cosmetology are not always ...
In general, in India, in 2017-2021, prices in the medical services market, including in the cosmetology market, remained unchanged …% annually. In 2020, the consumer price index was by … p.p. higher than the indicator for all services for the population, due to ...
For 2 months of 2022, prices increased by …% compared to the corresponding period of 2021.
In 2021, the average price of 1 service in India was … Rs. The maximum price is recorded in … Union Territories (… Rs., which is …% higher than the average for India), … Union Territories (… Rs., which is …% higher than the average for India), … In other federal districts, prices for injectable cosmetology in 2021 were lower than the average Indian prices, and in the …Union Territories, the difference with the average Indian indicator was the most significant – …%.
Chapter 2
Macroeconomic factors influence the dynamics of all sectors of the Indian economy, including the cosmetology market. The main groups of factors are: economic, political, social and technological.
2.1. Economic components
GDP (gross domestic product) is used to determine the rate of economic development of any state. GDP is a macroeconomic indicator that reflects...
The impact of the crisis, which began in 2008, led to a decrease in GDP by …% in 2009, but then the growth rates were quite high until 2012 inclusive.
Further, until 2014, the growth rate was positive, but constantly …
...
The volume index of gross domestic product in 2020 amounted to …% compared to 2019.
The volume of India's GDP for 2021, according to the first estimate of Rosstat, amounted to … billion rupees in current prices. The index of physical volume of GDP relative to 2020 amounted to …%.
Currently, the GDP recovery in 2021 is having …
2.2. Social Components
...
2.3. Technological components
...
2.4. Political Components
...
2.5. STEP-analysis of the cosmetology market
Table 6. STEP analysis of factors affecting the cosmetology market
Thus, at the moment, the cosmetology market in India is more affected by ... the influence of environmental factors ... forces.
The negative impact is due to...
The following factors positively affect the market: ...
…, as well as some other factors, had both a negative and a positive impact on the market.
Chapter 3. Assessment of the degree of competition
3.1. Scale of competition (local, regional, national, global)
- Global Competition: …
- National Competition: …
- Regional competition: …
- Local competition: ...
Thus, the cosmetology market in India is the most…competitive.
3.2. Number of competitors and relative market shares of the largest competitors
Estimated market shares are based on financial indicators …
The largest operators of the cosmetology market in India are … with a share of …%, LLC “…” with a share of …% of the market, … The total share of other companies is more than …% of the cosmetology market, which indicates its large …
The Herfindahl-Hirschman index for the market under consideration is less than …, the market is extremely …
Diagram 13. Shares of the largest competitors in the cosmetology market in 2021, %
The total revenues of the leading enterprises of the industry during the period under review either ... or increased at ... rates. Estimated in 2021, the indicator amounted to … billion Rs., which is …% higher than the level of 2020 and …% higher than the level of 2017.
3.3. Compact location of industry companies in certain regions
The real demand for cosmetology services by region can be estimated, for example, by the distribution of cosmetologists practicing the provision of such types of services.
Diagram 15. Compactness of location of companies in the industry in certain regions. %
The largest concentration of cosmetologists and, accordingly, the demand for cosmetology procedures was distinguished by ... Union Territories - in total, the region occupies a share of almost ...% in terms of the number of practicing cosmetologists, and only ... has a share of ...%. Next comes … Union Territories – …%, and closes the top three …
Chapter 4 Industry Forecasts
4.1. Analysis of the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014)
Let us analyze data on the impact of recent crises on the industry (the global crisis of 2008 and the currency crisis in India in 2014). The behavior of the market during the crises of 2008-2009 and 2014-2016 makes it possible to assess the sensitivity of the market to changes in the country's economy and determine the trajectory of its development.
Table 8. Assessment of the impact of recent crises on the industry
4.2. Analysis of the impact on the state aid industry at the current date
...
4.3. Assessment of the extent of the impact of the crisis on the analyzed market. Barriers existing in the cosmetology market
Currently, the economic crisis has the greatest negative impact on the cosmetology market, including the instability of exchange rates, …
...
4.4. Prospects and growth drivers for the cosmetology market
Further development of the cosmetology market in India to a certain extent will depend on the general economic condition of the state. According to the forecast for 2022:
...
4.5. Forecast of the development of the cosmetology market in the current economic crisis
...
Chapter 5 Forecasting Methodology
5.1. Methods for forecasting key industry indicators
...
5.2. Sources of information for forecasting
...
5.3. Timing of forecasting
The forecast belongs to the medium-term category - 5 years (2022-2026)
Diagrams
Diagram 1. Dynamics of the volume of the cosmetology market in India, 2017–2021, billion Rs.
Diagram 2. Dynamics of the volume of the cosmetology market in physical terms in India, 2017-2021, million services
Figure 3. Stage of the life cycle of the cosmetology market
Diagram 4. Population dynamics in India as of January 1, 2010-2022, million people, %
Diagram 5. Population forecast in India for the period 2021-2024, million people
Diagram 6. Dynamics of real incomes of the population of India, 2011–2021, % to the previous year
Diagram 7. The volume of consumption in the cosmetology market per capita, 2017–2021, Rs./person
Chart 8. Profitability before tax (profit of the reporting period) in the cosmetology industry in comparison with all sectors of the Indian economy, 2017–2021, %
Diagram 9. Current liquidity (total coverage) in the cosmetology industry for 2017–2021, times
Chart 10. Dynamics of India's GDP, 2012–2021, % to the previous year
Chart 11. Monthly dynamics of the US dollar against the rupee, 2015-2022 (Jan-Mar), Rs. for 1 US dollar
Diagram 12. Dynamics of the share of medical services in the structure of paid services of the population of India, 2013-2020, %
Diagram 13. Shares of the largest competitors in the cosmetology market in 2021, %
Diagram 14. Dynamics of the total revenue of the largest cosmetology market operators (TOP-5) in India, 2017–2021, billion Rs.
Diagram 15. Compactness of location of companies in the industry in certain regions. %
Diagram 16. Cosmetology market size forecast in 2022–2026, billion Rs.
Tables
Table 1. Gross margin of the cosmetology industry in comparison with all sectors of the Indian economy, 2017-2021, %
Table 2. Absolute liquidity of the cosmetology industry in comparison with all sectors of the Indian economy, 2017-2021, times
Table 3. Consumer price indices in the cosmetology market in India in 2017–2022 (Jan.-Feb.), %
Table 4. Average prices in the cosmetology market across the Union Territories in 2017-2021, Rs./conv.
Table 5. Total population and population over the working age in India, the Central Union Territories, and MO in 2012-2021, units rev.
Table 6. STEP analysis of factors affecting the cosmetology market
Table 7. Main companies participating in the cosmetology market in 2021
Table 8. Assessment of the impact of recent crises on the industry
Table 9. Analysis of the impact on the industry of the state aid proposed to date
Table 10. Forecast indicators of the development of the Indian economy in 2022-2024, %
All reports