This sudden prominence of health and our desire to feel well is influencing almost every industry. In the real estate sector, for example, half of consumers say that a property’s wellness features will influence the type of home they buy in future (source: Knight Frank).
With the global wellness market projected to grow at a rate of 5–10% a year, this month we examine innovations driving the industry forward – from the return of hard science to how healthcare might be conducted in the metaverse (source: McKinsey & Co).
Lavinia Fasano
Foresight analyst, The Future Laboratory
As we emerge from the pandemic, consumers are placing greater importance on science than ever before, seeking products that are rooted in research and facts.
This is especially true of the beauty sector, where consumers are more knowledgeable than ever about formulas and ingredients. Since 2020, searches for specific beauty ingredients such as retinol and hyaluronic acid have surged by 700% on luxury e-commerce platform Net-a-Porter, according to Vogue Business.
This is driving skincare and beauty disruptors like Iräye and Augustinus Bader to release science-backed products. Iräye has collaborated with Professor Michael Detmar and Dr Epameinondas Gousopoulos, specialists in the field of lymphatic medicine, to develop the first skincare line that activates the lymphatic system through topical application, helping to cleanse, remove waste and maintain the fluid balance of the skin.
Meanwhile, leading stem cell expert Professor Augustinus Bader continues to draw on his medical background with a new product, the Ultimate Soothing Cream, which uses the cell-renewing TFC8 complex to protect the skin barrier, the outermost layer of the epidermis.
Continue the conversation: With beauty customers more aware of ingredients, consider the opportunity to present or curate selections of Dior Beauty products based on their hero ingredients.
Image: Imaginary Flower Therapy by Angéline Behr
Momo Skin Studio is the first clinic in Paris to offer microcurrent technology, a NASA-approved face restoration procedure. Only practised by a few trained facialists, microcurrent technology is gaining in popularity as a non-invasive way to revitalise and strengthen the skin. It uses low-intensity bio-electric currents to rejuvenate the skin by stimulating its many layers.
While science has informed this cutting-edge technology, the clinic’s founder, Schéhérazade Abdelilah-Parreno, is placing equal importance on the spa’s interior and atmosphere. She is working with Academy Award-winning sound designer Nicolas Becker to create playlists that use autonomous sensory meridian response (ASMR) technology to guide customers into a deep state of relaxation.
Continue the conversation: Consider how site-specific playlists can help elevate the experience your clients have in Dior boutiques and spaces. How can the type of music or time of day that it’s played affect the shopping experience?
Image: Dior and Technogym limited edition
As health becomes a top priority for luxury consumers, traditional sports such as golf, tennis and fencing are gaining fresh popularity among younger generations, something that Dior explored in its recent Technogym collaboration.
Since the start of the pandemic, for example, the average age of golf players in Britain has dropped by five years (source: R&A). More recently, a report found that girls now account for 36% of junior golfers in the US, up from 15% in 2000 (source: National Golf Foundation). In response, youth-facing brands such as PXG Apparel want to capture the recent revival of golf – but with less formality. ‘Golf is becoming cool again, and people don’t want a lot of rules,’ explains Renee Parsons, president and executive creative director of PXG Apparel.
The ski market is also booming among affluent consumers. According to the 2020 China Ski Industry White Paper, the number of skiers in China increased by 98.66% between May 2020 and April 2021, presenting a significant opportunity for luxury brands to create alpine clothing collections (source: Capital Mind ). Last year, German brand Jil Sander collaborated with Chinese-owned outerwear brand Arc’teryx to create skiwear with a high fashion aesthetic. One of Dior’s most recent ski capsule collections took the form of a collaboration with Scottish painter Peter Doig, complete with snowboards and sleds. Meanwhile, Louis Vuitton unveiled its first skiwear collection in November last year, offering a futuristic vision of the heritage sport.
Continue the conversation: How can Dior become the go-to brand for younger luxury consumers interested in sports? Consider which Dior products lend glamour to an active lifestyle.
Across the world, meditation is becoming an increasingly important part of people’s health routines, as apps and platforms make the ancient practice more compatible with modern life.
During the first wave of the pandemic, more than half of the UK population began a daily meditation practice to cope with lockdown restrictions (source: University College London). This is also turning meditation into a more flexible daily activity. According to recent research, 88% of people in the US meditate for 30 minutes or less (source: Mellowed).
Among luxury brands, a series of campaigns are spotlighting mindfulness. Last year, the French fashion house Hermès launched a series of yoga tutorials on WeChat to demonstrate how its scarves and accessories could be incorporated into wellness routines. Building on the rise of Rewilding Lifestyles, as explored last month, brands can also celebrate alternative mindfulness through Flower Therapy, in which floristry and flower arrangement are helping people to slow down and find headspace.
Continue the conversation: Consider how to create more contemplative shop environments, whether through floral arrangements or even through the meditative potential of activities like silk scarf-folding.
Image: Open wellness platform, US
The healthcare industry could find a new home in the metaverse, as virtual realms help to reduce costs and improve access for all people. Health consultations could be transformed, for example, through virtual reality (VR) headsets that allow patients to meet specialists across the world without having to travel.
We’ve already seen the success of VR therapy as a replacement for pain medication. A trial involving Oxford University professor Daniel Freeman demonstrated a 38% reduction in anxiety after six weeks using VR therapy (source: Basis Health).
Dr Arup Paul, clinical director at digital healthcare platform LovedBy, tells The Future Laboratory: ‘Looking to the future, the metaverse also has potential to provide effective healthcare communication to Generation Z. As the most diverse group currently on Earth, Gen Z need personalised healthcare that exists in the places they inhabit. With young people increasingly engaged with virtual environments, the metaverse could be the answer.’
Continue the conversation: As luxury brands become wellness brands, how could Dior use the metaverse to offer mindful or sensory experiences to its clients?
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