The hair and beauty industries innovate through tech and science
Implications - The hair and beauty industries are lucrative and persistent, prompting those within seemingly unrelated industries, such as tech and science, to get involved in innovation in this space. As a result, consumers can enjoy much more accurate, streamlined approaches to self care than in the past. This is mutually beneficial to the industry at large, and consumers who are seeking ways to more carefully curate a personal aesthetic.
Workshop Question - What outside industry is gaining a lot of traction with your consumer and how can you converge to revolutionize your brand?
Trend Themes
1. Integration of Wearable Technology in Haircare - As seen with Hairware's smart hair extensions, businesses can integrate wearable technology into nontraditional industries for improved personalization and innovation opportunities.
2. Customization Through 3D Printing - Transitions Hair Solutions' use of 3D printing to customize its scalp and hair prosthetics highlights the disruptive potential of this technology in the haircare industry.
3. At-home Beauty Technology - Panasonic's Premium Beauty Steamer caters to consumers seeking natural skincare and at-home spa experiences, pushing for innovation in the beauty industry beyond traditional products.
Industry Implications
1. Wearable Technology - Innovators can explore opportunities to integrate wearable technology beyond the typical industries, as seen with Hairware's hair extensions.
2. 3D Printing - The haircare industry can explore using 3D printing to create custom prosthetics that cater to consumers' unique hair attributes, as exemplified by Transitions Hair Solutions.
3. At-home Beauty Technology - Developing at-home beauty technology, such as the Panasonic Premium Beauty Steamer, may be a game-changer for the industry by providing spa-like experiences in the comfort of consumers' homes.
