THE WHAT? Buy now, pay later deals are proving attractive to UK shoppers, according to a report published by The Guardian, with outstanding debt for the year to date pegged at £4 billion.
THE DETAILS Some 7.7 million Brits have ‘significant’ amounts due, according to figures from Credit Karma, per The Guardian, with an average debt of £538 per account holder.
The use of these instalment payment-style deals has soared since the advent of the pandemic, with BNPL use almost quadrupling in 2020, reaching a transaction value of £2.7 billion.
THE WHY? With the boom in online shopping, more and more shoppers have been tempted to sign up to BNPL deals, which are available at almost every checkout. The Financial Conduct Authority has moved to regulate this burgeoning service although it could be another year or two until the framework comes into force.
Aesthetic medicine products are developed and regulated to meet stringent safety and efficacy standards. They are typically administered by trained healthcare professionals such as dermatologists, plastic surgeons, and specialized nurses in clinical settings. These products aim to provide effective solutions for cosmetic enhancement, skin rejuvenation, and overall aesthetic improvement, contributing to both physical appearance and self-confidence.
Key categories of aesthetic medicine products include:
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Injectables: This category includes products such as dermal fillers, botulinum toxins (e.g., Botox), and collagen stimulators. These injectables are used to smooth wrinkles, add volume, and improve facial contours.
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Skin Rejuvenation Treatments: Products like chemical peels, microdermabrasion systems, and laser devices are used to improve skin texture, reduce pigmentation irregularities, and enhance overall skin tone.
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Skincare Products: These include medical-grade cleansers, moisturizers, serums, and topical treatments containing active ingredients like retinoids, antioxidants, and growth factors. They are formulated to address specific skin concerns such as acne, aging, and hyperpigmentation.
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Hair Restoration Products: Medical treatments and products designed to promote hair growth and treat conditions such as male and female pattern baldness.
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Body Contouring and Fat Reduction: Devices and products used for non-surgical body sculpting, such as cryolipolysis (cool sculpting) devices and injectable lipolytics.
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Cosmeceuticals: High-performance skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing potent ingredients with proven clinical benefits.
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Wound Care and Scar Management: Products like silicone sheets, gels, and advanced wound dressings used to improve healing and reduce the appearance of scars.
