Do you have concerns about the employment outlook for cosmetic services during a recession? Over the past few years, the medical aesthetics sector has experienced tremendous growth. Both millennials and baby boomers are still interested in non-surgical methods. However, many people could have second thoughts regarding the future of the medical aesthetics industry given the present global epidemic. Continue reading to learn more.
The “Lipstick Effect” and Cosmetic Services Employment During the Recession
Consumers historically still appreciate modest conveniences as diversions from their issues, especially in hard economic times. The lipstick effect is a term used to describe this phenomenon.
Medical aesthetics, which is a subset of the cosmetics industry, is one of the most recession-proof industries in the United States. Non-invasive procedures increased during the previous recession, but surgical procedures decreased.
The Evolution of Cosmetic Services Employment During the Recession
Many patients choose non-invasive cosmetic operations to ensure job security because employers view beauty and youth as assets in the labor market. This is particularly true for women, but in recent years, men have also begun to embrace cosmetic operations.
Non-surgical treatments are cheaper and take less time to recuperate from than surgical ones. Patients benefit from having little to no downtime and medical estheticians benefit from built-in clientele. Medical aestheticians are among the occupations that are most resilient to economic downturns as a result.
Jobs in Cosmetic Services that are Growing During the Recession
Through 2028, the Bureau of Labor Statistics projects an 11% increase in demand for all skin care specialists. This is remarkably quick when measured against the national average for all jobs. Additionally, the need for skincare experts is considerably greater in urban areas.
The global market for medical aesthetics is anticipated to grow to $22.2 billion by 2025, according to analysts. Taking everything into consideration, it is safe to claim that medical aesthetics provides some of the greatest occupations during a recession.
There are numerous methods to enter the medical aesthetics sector. Aesthetics injectors might be medical professionals or even anyone without a college degree.
