INDUSTRY TRENDS AND RESEARCH
The Virtual Reality Era Has Arrived
SOURCE : KIPLINGER ’ S https :// www . kiplinger . com / business / the-virtual-reality-era-has-arrived
Virtual reality ( VR ) has emerged as a game-changer in consumer technology , propelled by advancements in hardware . Current VR headsets boast impressive capabilities , but further enhancements are expected to reduce size , weight and costs while enhancing performance . Industry leaders like Apple and Meta are driving innovation , offering highquality headsets tailored for various purposes . Practical applications span diverse sectors including healthcare and wellness in addition to sales , design , real estate and first response training . Despite its current niche status , VR ’ s disruptive potential extends to traditional tech segments and hospitality and entertainment experiences . With content development gaining momentum and significant investments pouring in , the future of VR promises remarkable growth and innovation .
Medspa Industry Forecast
SOURCE : PODIUM https :// www . podium . com / article / medical-spa-industry-trends /
The global medical spa market soared to $ 18.6 billion in 2023 and is anticipated to maintain a robust compound annual growth rate ( CAGR ) exceeding 15 percent from 2024 to 2030 . Currently dominated by single-owned facilities , the industry sees a surge in demand for minimally invasive treatments , anti-aging skincare solutions and wellness packages . Facial treatments lead with over 50 percent revenue share , while body shaping anticipates swift CAGR growth . Women remain primary customers , though men are increasingly seeking medspa treatments , driven by wellness awareness . Adults aged mid-30s to 50s are core cus- tomers , with teenagers influenced by social media . Despite limited innovation due to high investment requirements , ample technologies support medspa business management and growth . This growth is fueled by rising disposable incomes , heightened awareness of anti-aging and self-care and the wellness sector ’ s rapid expansion .
Reduce Hustle , Increase Happiness
SOURCE : FORBES https :// www . forbes . com / sites / tracybrower / 2024 / 05 / 02 / how-to-reduce-hustleculture-and-increase-happiness /
Hustle culture is on the decline , replaced by a focus on wellbeing and work-life fulfillment . Despite the pressure to constantly hustle , the toll on mental , emotional and physical health is significant . However , following a few practical steps will reduce hustle and increase happiness . Employers are recognizing this shift , with a significant increase in job listings promoting balance and well-being . Jobs emphasizing happiness have surged by 356 percent since the pandemic , while those highlighting rush have declined . These data reflect a changing mindset toward work-life balance and prioritizing personal well-being over constant hustle .
40 PULSE n JULY / AUGUST 2024