The U.S. Medical Spas Industry
This groundbreaking new report by Marketdata LLC examines the booming $17.5 billion business of medical spas. Industry revenues have more than tripled since 2012. There are now 8,800 medical spas operating in the United States—an interesting hybrid niche healthcare/cosmetic facility that straddles the medical and business fields. Many nurses and clinicians entering the field don’t have adequate business skills. That’s why they sell to private equity investors, who can handle marketing better.
As primary care MDs seek to replace lost income, and as Baby Boomers and Millennials age, demand is growing for non-invasive cosmetic procedures for women and men, made possible by new laser equipment.
This new study examines the med spas’ industry structure and history, revenues/growth, 13 major market trends and issues, effects of the pandemic, consumer demand factors and demographics, extensive med spa operating metrics, why franchising has grown so slowly, investment by private equity firms, and more. National $ revenues (2002-2022, with 2027 forecasts).
The following are new analyses, most not found elsewhere:
2022 operating metrics
Market potential, by STATE
Market potential, by type of service (injectables, hair removal, etc.)
Financial/operations data from 2022 Company Franchise Disclosure Documents
Industry Profit & Loss Statement, profit margins
Esthetician, other staff salaries
Interviews with industry consultants
The top surgical & non-surgical cosmetic procedures, average costs.
Marketdata has performed a thorough search of data, member surveys, podcasts and articles from AMSPA, ISPA, Aesthetic Plastic Surgery Assn., Medical Spa Physician Report and other sources to create the most comprehensive analysis of the industry to date.