The local beauty equipment wholesale business where “stability” and “sluggishness” co-exist. Hence, what kind of company can leave a track record gloriously for next generation in this small tropical nation where enjoys own spectacular economic success? Providing the latest industry analysis, this paper aims to narrows to the critical success factors from the business operator’s viewpoint.
This report is structured as follows. The main purpose of this report analyses the value chain in the local aesthetic market in Singapore, starting from the upstream players in the local aesthetic market – the distributors of medical aesthetics equipment and products; followed by the middlemen – the providers of medical aesthetics services; and lastly the downstream end-users – the consumers of medical aesthetics services. Information on some of the major players from all three layers of the value chain will be discussed.
Meanwhile, if you wish to obtain a concrete image to embody actual business expansion into Singapore, we would like you to recommend paying attention to the special section named LEVEL UP FROM THE ‘STABLE YET SLUGGISH’ BUSINESS: How Should a Company Achieve That?,where core business insight are vividly described from the view point of business operator with the use of financial data provided by a medical aesthetics instrument wholesale company (hereafter ”Company S”) in Singapore.
Furthermore, before start reading this report, please note that challenges which this business would face are particularly:
- The limit to a ‘labour-intensive business model’.
- The necessity to expand business overseas for a better profit margin.
- Entry into the cosmetics industry: expanding on product variety is not enough to survive the tough competition there.
It is more than our pleasure if you could enjoy this coming long journey to read through this entire reporting.
Data & Tables
Infographics 1: What makes up the medical aesthetics industry?
Infographics 2: Overview of the global medical aesthetics market revenue
Infographics 3: overview of the Asia medical aesthetics market
Infographics 4: The upstream players: medical aesthetics equipment distributors
Infographics 5: Major distributors of medical aesthetics devices in Singapore
Infographics 6: The most common minimally/non-invasive aesthetics treatments
Infographics 7: Popular medical aesthetics treatments and devices in Singapore
Table 1: List of invasive medical aesthetics procedures
Table 2: List of minimally/non-invasive medical aesthetics procedures
Table 3: List of physician-dispensed cosmeceuticals
Table 4: Major international players in the global medical aesthetic devices market
Table 5: Common technologies used in medical aesthetic treatments
Table 6: Prices of popular treatments in Singapore vs Korea
Table 7: Major hospitals in Singapore
Table 8: Number of hospitals in Singapore
Table 9: Medical aesthetics clinics in Singapore
Table 10: Major medical spas in Singapore
Table 11: Spending patterns of Singaporean women
Table 12: SWOT analysis
Table 13: Categories of medical aesthetics equipment
Table 14: Categories of medical aesthetics equipment
Figure 1: Projected growth of medical aesthetics industry in Asia
Figure 2: Growth in number of private medical aesthetic clinics in Singapore
Figure 3: Growth in medical tourism receipts for Singapore
Figure 4: Invasive procedures popular in the US
Figure 5: Minimally/non-invasive procedures popular in the US
Figure 6: Proportion of the Singapore workforce by age group
Figure 7: Growth in percentage of Singaporean men seeking plastic surgery
Figure 8: Proportion of US citizens who had plastic surgery by age group
Figure 9: Growth of Singapore’s ageing population
Figure 10: Application process to import “Therapeutic Products” into Singapore
Figure 11: Four other types of import license
Figure 12: Labelling requirements
Figure 13: Registering medical devices imported to Singapore
Figure 14: Guidelines on Aesthetic Practices for Doctors
Figure 15: Singaporean Consumer Brand Preference