DUBLIN--(BUSINESS WIRE)--The "U.S. Medical Spas Industry" report from Marketdata LLC has been added to ResearchAndMarkets.com's offering.
This groundbreaking new report 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.
Key Topics Covered:
Executive Overview of Major Findings
Nature of the Industry
- Market history, medical spa definition, legal guidelines and typical settings
- Number of med spas in operation, industry structure, fragmented market, private pay, single-location operations, avg. revenues, recession-resistant business
- Major trends: Discussions of: aging population, higher demand for non-invasive procedures, mobile med spas, IV therapy, private equity investor interest, laser equipment technology innovation, entry into weight loss services, membership models, patient financing,
- Liability issues and staff qualifications
- Industry regulation: ethical dilemmas
- Types of non-surgical aesthetic procedures for improving skin appearance: hair removal, leg and facial veins, skin rejuvenation - in-depth descriptions
- Medical spa practitioners - training, number, typical procedures performed: estheticians, laser technicians, cosmetic surgeons, dermatologists.
Consumer Demand: The Top Cosmetic Procedures
- Summary of number of procedures performed: data from American Society for Aesthetic Plastic Surgery (2022), surge in non-surgical procedures in 2021.
- Discussion of top 5 procedures surgical & non-surgical procedures for women, men (breast augmentation, liposuction, eyelid surgery, abdominoplasty, breast reduction) and top 5 minimally-invasive procedures (botox, laser hair removal, laser skin resurfacing, chemical peel, hyaluronic acid) - number of procedures and spending
- Highlights of ASAPS 2022 survey on cosmetic surgery: men vs. women, by age, top procedures. Comparison to historical surveys in 2005 and 2000
- Procedure descriptions, costs
Industry Structure & Operating Ratios
- AMSPA - Major Findings of 2022 member survey: patient demographics (by sex, age), patient visits per month, no. of med spas, avg. annual revenues per med spa, avg. spend per visit, ownership, repeat patients, percent single location operations, staff avg. salaries)
- ISPA Surveys: data, major findings of 2023 U.S. Spa Industry Study: total no. of spas, total spa visits, Avg. visits per establishment
- Medical spas: revenue per visit, per sq. ft., per staff person, visits per spa, sq. footage per spa, employees per spa
- Discussion of Key Financial Formulas for Med Spas
- Average cost of new med spa equipment:
- Discussion of Operations Pitfalls - Opinions of Acara Partners
- The Medical Spa Physician Report: major findings of Jan. 2012 survey - not updated (med spa income, % spent on marketing, value of new patients, type marketing used, obstacles to growth, most profitable treatments, etc.)
- Marketdata online Med Spa Survey results (Aug-October 2012)
- Sample income, expense and profit margin statement - market average, estimated by Marketdata - % of sales for variety of expenses
- Acara Partners: med spa operations pitfalls to avoid, Groupon deals, marketing, budgets, etc.
- Geographic Analysis - Market Potential, By State
- Staffing - The Estheticians Outlook: average yearly salaries, projected job growth, regional demand, demographic profile
- Medical Spa Nurse Jobs: avg. salaries, U.S. and regional
-
Average Salaries for:
- Injection Specialist
- Skin Care Consultant
- Beauty Therapist
- Skin Therapist
- Licensed Esthetician
- Spa Therapist
- Master Esthetician
- Lead Esthetician
- Hair Removal Specialist
- Wax Specialist
- Medical Esthetician
Industry Size and Growth
- Summary: Discussion of market history and reasons for recent growth
- Factors affecting demand for med spa services: aging of population, state regulations, broader range of treatments available, broader customer base, technology-driven market
- Current market status: Effects of the Covid-19 Pandemic, how consumer attitudes have changed
- Effects of the Great Recession of 2008
- Sources of market estimates: limitations and benefits, lack of government Census data, AMSPA, ISPA, primary research
- ISPA surveys: 2023 Spa Industry Report findings
- Discussion: 2020-2021: Performance During and After The Pandemic
- Discussion: 2022- 2023 Performance
- 2027 Forecast: Key growth drivers over the next 5 years, rationale,
- Growth markets:
- Analysis of the Tattoo Removal Market - Reasons for growth, mkt. $ size estimates
- Analysis of Facial Treatments Market, injectables - Reasons for growth, mkt. $ size estimates
- laser Hair Removal Market - Reasons for growth, mkt. $ size estimates
Franchising In The Industry: Company Profiles
- Radiance Medspa
- Sona Med Spa
- Dermani Med Spa
- VIO Med Spa
- MedSpa810 Franchising
- Face To Face
- Ideal Image Development Corp.
- American Laser Skincare
- KALOLOGIE 360 SPA
- Venus Med Spa
For more information about this report visit https://www.researchandmarkets.com/r/12ijwb
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