Clinical aesthetics products. Mumbai leapfrogs Beijing to become Asia’s capital of billionaires

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THE WHAT? The healthy competition between India and China just stepped up a gear as Mumbai has been announced as the Asian capital with the highest number of billionaires. The Indian finance center now houses 92 billionaires, compared to Beijing’s 91 and Shanghai’s 87.

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THE DETAILS According to a report published by CNBC, the Hurun Research Institute’s Global Rich List names New York as the global hotpost for billionaires with 119, followed by London with 97; Mumbai places third worldwide. However, China still tops the country ranking with 814 billionaires to its name, versus India’s 271.

THE WHY? China lost 155 billionaires in the last 12 months, presumably a result of the country’s continuing struggle following extended COVID-19 lockdowns combined with hits from subdued real estate and renewables, CNBC reveals. In contrast, India gained 84 billionaires.

Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.

Examples of clinical aesthetics products include:

  • Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.

  • Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.

  • Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.

  • Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.

  • Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.

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