Personal Care Services Market Trends That Will Shape the Next Decade: Insights from Innovative Home Health Care Services Drive Growth In The Personal Care Market

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How Large Will the Personal Care Services Market Size By 2025?
The market size of personal care services has experienced significant growth in the recent past. The market, which is projected to increase from $416.86 billion in 2024 to $455.13 billion in 2025, will see a compound annual growth rate (CAGR) of 9.2%. Factors such as speedy urbanization, development of economies in emerging markets, and the surge in wellness tourism are attributed to the growth observed in the historic period.

How Big Is the Personal Care Services Market Size Expected to Grow by 2029?
It's anticipated that the personal care services market will experience significant expansion in the upcoming years, with projections indicating a growth to $652.9 billion in 2029 at a compound annual growth rate (CAGR) of 9.4%. This anticipated increase during the forecast period can be traced back to factors such as an aging population, wider internet access, the boom in wellness tourism, an uptick in obesity, and the sway of social media. The market trends predicted for this period consist of a move towards organic salon offerings, the embrace of online personal care services, the application of artificial intelligence to meet customer demands, the provision of more men's care services and spiritually-driven offerings, expansion into children's salon and spa services, the availability of more bespoke products and services, and the advent of specialist services.

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Which Key Market Drivers Powering Personal Care Services Market Expansion and Growth?
The personal care services market is set to experience significant growth due to the increasing number of older individuals in the population. This trend, referred to as aging population, occurs when the percentage of elderly people in a population increases over time due to factors such as longer lifespans and falling birth rates. Consequently, there's a higher demand for services aimed at aiding older individuals with everyday tasks, helping them maintain independence and improve their quality of life. In fact, the United Nations, a US-based intergovernmental organization, predicts that by 2050, the global population of those aged 65 and over will have more than doubled, rising from 761 million in 2021 to 1.6 billion. Moreover, the population segment aged 80 and over is growing even more quickly. Hence, the increasing aging population is catalyzing the expansion of the personal care services market.

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Which Fast-Growing Trends Are Poised to Disrupt the Personal Care Services Market?
Leading enterprises in the personal care services sector are centering on the creation of new solutions like home healthcare services, in an attempt to broaden their service scope and cater to the increasing preference of consumers for convenient and personalized care. Home healthcare represents a variety of medical and non-medical assistance offered within the home of the patient. For example, Star Health, a health insurance firm based in India, debuted its Home Health Care services in over 50 Indian cities in July 2024. This service aims to bring easy-to-access and comfortable medical care directly to people's homes. As part of this initiative, cooperative measures have been taken with Care24 and Portea, enabling treatments for various diseases, including fever and gastroenteritis. The service provides for all expenses relating to nursing, medications, and lab tests with a 100% cashless system, eliminating any extra costs for patients. The reachable nature of the services via a toll-free number or the Star Health Mobile App ensures immediate connectivity to medical professionals.

What Are the Emerging Segments in the Personal Care Services Market?
The personal care servicesmarket covered in this report is segmented -

1) By Type: Beauty Salons, Diet And Weight Reducing Centers, Spas & Massage Parlors, Other Personal Care Services
2) By Gender: Male, Female
3) By Age Group: Below 15, 15-40, Above 40-65, Above 65
4) By Type of Premise: On-Premise, Off-Premise

Subsegments:
1) By Beauty Salons: Hair Salons, Nail Salons, Makeup Studios
2) By Diet And Weight Reducing Centers: Weight Loss Clinics, Nutrition Counseling Centers, Meal Prep And Delivery Services
3) By Spas And Massage Parlors: Day Spas, Medical Spas, Massage Therapy Centers
4) By Other Personal Care Services: Personal Grooming Services, Skincare Clinics, Personal Training And Fitness Services

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Who Are the Global Leaders in the Personal Care Services Market?
Major companies operating in the personal care services market include Weight Watchers International, Inc., Regis Corporation, Great Clips, Inc., Sport Clips, Inc., Ratner Companies, L.C., Jenny Craig, Inc., Lakme Lever Private Limited, Bijin Salon & Spa, Naturals, Jawed Habibs Hair and Beauty Salon, Shahnaz Husain, VLCC, Affinity Salon, Catherine De France Hair & Beauty Salon, MetodoRossano Ferretti, Eric Paris Salon, Enoshima Island Spa, Elana Jade Beauty Spa, Aman Tokyo Spa, Trumps Spa, Chuan Spa, Bosley Inc, Tivity Health, Hair Cuttery, BistroMD, Muse Salon & Spa, Salon U, Badano-Guzmán, Cerini, Spa Yaten, Termas Villa Elisa, Faena Spa, Spa Holistico Alex Lisboa, Namaste Terapias Corporais, Venus' Spa, Retrô Hair, Le Due Salone, Sólo para Muñecas, Lanserhof, Ritz Carlton, Clarins, Fonteverde, Lefay Resort & Spa Lago di Garda, Chelsea Day Spa, Nirvana Spa, Four Seasons Spa, The Bvlgari Spa, Thermae Bath Spa, Terme di Saturnia, The Massage Company, ChioChio, Alto Senso, Amoveo Spa, Karuna Spa, Expat Salon, Carolline Thai Spa, Oasis Beauty Day Spa, Isla Masaż & Spa, Beauty Partners, Re Salons Spas, Maria Dowling, JetSet, Belle Femme, Toni&Guy, Cambridge Weight Plan, The Armani/Spa, Timeless Spa, Moksha Spa, Mandara Spa, Capelli Salon and Beauty Parlour Ltd, Oloreo Beauty Company, Family Affair, BeautyAddict

Which are the Top Profitable Regional Markets for the Personal Care Services Industry?
Asia-Pacific was the largest region in the personal care services market in 2024. North America was the second-largest region in the personal care services market. The regions covered in the personal care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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