According to an independent study: the US medical spa market will hit $3.6 billion in 2016, it's expected to grow 18% yearly, and average net medspa profits are 14%.
The rest of the world is not covered but if you're outside the US this is still interesting. The study is 127 pages in length, has 32 tables, and costs $1,495 so get ready to open your wallet if you want to read the entire report (or just read the findings here).
Approximately 2,100 “medical spas” or “med spas” are now operating in the United States. Medical spas only emerged ten years ago and exploded in number between 2007 and 2009. However, a major shake-out took place as franchises failed and the recession hit—exposing overoptimistic revenue assumptions and poor management. As primary care MDs seek to replace lost income, and as baby boomers age, demand should grow for minimally or non-invasive cosmetic procedures made possible by new laser equipment.
- Marketdata estimates that revenues of the 2,100 U.S. medical spas reached $1.94 billion in 2012, and will hit $3.6 billion by 2016.
- Average revenues per facility are $924,000—with about 80% coming from procedures and 20% form retail product sales.
- The market is forecast to grow 18% per year. Fully 58% of med spas expected sales to grow more than 5% last year.