Personal Care Services Market Scope
Personal Care Services are defined as a type of human assistance provided to people with disabilities and medical conditions in order for them to perform tasks required for everyday living or instrumental routine tasks. These services may be provided by an independent or agency-based personal care attendant (PCA). Type of services are Diet and weight reducing canters, Beauty salons, Spas and massage parlour, other personal care services. Owing to Increase in demand of these type of service and other factors such as increasing geriatric population, personal care services market is expected to grow at a significant rate during the forecast period
|Unit||Value (USD Million)|
|Key Companies Profiled||Fantastic sams (United States), WW international Inc. (United States), Tivity health (United States), Regis Corporation (United States), Jenny craig inc (United States), bosley inc (california), Hair cuttery (United States), Bijin salon & spa (United States), Norwegian cruise line holdings (United States) and Best buy (United States)|
Personal Care Services is a fragmented market due to the presence of various players. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain high market share and establish their position in the market. Further, companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Fantastic sams (United States), WW international Inc. (United States), Tivity health (United States), Regis Corporation (United States), Jenny craig inc (United States), bosley inc (california), Hair cuttery (United States), Bijin salon & spa (United States), Norwegian cruise line holdings (United States) and Best buy (United States) are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of global Personal Care Services market by Type , by Application (Body Beauty Salons, Hair Salon, Nail Salon, Tattoo Parlour and Hair Care Services) and Region with country level break-up.
On the basis of geography, the market of Personal Care Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). region held largest market share in the year 2022.
Influencing Trend:Increasing Demand of Healthy Lifestyle and Increasing Use of Organic Base Product by Beauty Salons
Market Growth Drivers:Increasing Demand for Personal Care Services by Growing Geriatric Population
Challenges:International war caused inflation in products and services and had an impact on several markets throughout the world. It also resulted in economic penalties against several nations, a rise in commodity prices, and supply chain disruptions.
Restraints:Outbreak of Contact Transmitted Diseases
Opportunities:Rising Demand of Beauty and Home and Online and Virtual Events
Key Target AudiencePersonal Care Services provider, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries