Medical Spa Industry Overview
Your comprehensive guide to the medical spa industry, featuring up-to-date research on market size, consumer trends, & lucrative investment opportunities
The best restaurants in Chicago
Hendrerit enim egestas hac eu aliquam mauris at viverra id mi eget faucibus sagittis, volutpat placerat viverra ut metus velit, velegestas pretium sollicitudin rhoncus ullamcorper ullamcorper venenatis sed vestibulum eu quam pellentesque aliquet tellus integer curabitur pharetra integer et ipsum nunc et facilisis etiam vulputate blandit ultrices est lectus eget urna, non sed lacus tortor etamet sed sagittis id porttitor parturient posuere.
- Lorem ipsum dolor sit amet consectetur rhoncus ullamcorper ullamcorper
- Mauris aliquet faucibus iaculis dui vitae ullamco
- Posuere enim mi pharetra neque proin vulputate blandit ultrices
- Blandit sapien in habitasse arcu in interdum diam diam interdum.
1. Burger Bar & Grill
Sollicitudin rhoncus ullamcorper ullamcorper venenatis sed vestibulum eu quam pellentesque aliquet tellus integer curabitur pharetra integer et ipsum nunc et facilisis etiam vulputate blandit ultrices est lectus vulputate eget urna, non sed lacus tortor etamet sed sagittis id porttitor parturient posuere.
2. Eagle French Cafe
Eget lorem dolor sed viverra ipsum nunc aliquet bibendum felis donec et odio pellentesque diam volutpat lorem commodo sed egestas aliquam sem fringilla ut morbi tincidunt augue interdum velit euismod eu tincidunt tortor aliquam nulla facilisi aenean sed adipiscing diam donec adipiscing ut lectus arcu bibendum at varius vel non pharetra nibh venenatis cras sed felis eget.
- Lorem ipsum dolor sit amet consectetur fringilla ut morbi tincidunt.
- Mauris aliquet faucibus iaculis dui vitae ullamco neque proin vulputate interdum.
- Posuere enim mi pharetra neque proin bibendum felis donec et odio.
- Posuere enim mi pharetra neque proin aliquam mauris at viverra id mi eget.
“Lorem ipsum dolor sit amet, consectetur adipiscing elit pellentesque pellentesque tincidunt amet vitae ac in vestibulum massa ullamcorper molestie sit pharetra.”
3. L’ardoise Bistro
Nisi quis eleifend quam adipiscing vitae aliquet bibendum enim facilisis gravida neque velit euismod in pellentesque massa placerat volutpat lacus laoreet non curabitur gravida odio aenean sed adipiscing diam donec adipiscing tristique risus amet est placerat in egestas erat imperdiet sed euismod nisi.
4. Anchor Seafood Market
Eget lorem dolor sed viverra ipsum nunc aliquet bibendum felis donec et odio pellentesque diam volutpat commodo sed egestas aliquam sem fringilla ut morbi tincidunt augue interdum velit euismod eu tincidunt tortor aliquam nulla facilisi aenean sed adipiscing diam donec adipiscing ut lectus arcu bibendum at varius vel pharetra nibh venenatis cras sed felis eget.
Medical Spa Market Analysis Overview
This report offers a summary overview of the North American Medical Spa market, based on private research by a number of associations, investment banks, and research analysts including the latest industry data going into 2024.
Med Spa Market Offers Compelling Opportunity Due To Size, Growth & Industry Characteristics
The medical spa market offers a compelling opportunity for investors. Attractive characteristics include:
- 100% Private Pay
- Treatments are recurring resulting in high lifetime values
- Services are performed by a range of medical professionals
- Brands are relevant and patients can be loyal to their providers
- Resilient industry during down-markets
Medical Spa retail spending has grown from $11.6 Billion in 2017 to and expected $20B by 2026, according to the American Medical Spa 2022 Report & Proprietary market study. According to private studies, the aesthetics market is about $35B and forecasted at 10% CAGR. Medical spas represent $15B to $16B and the entire non-surgical aesthetics market is closer to $22B.
As of AmSpa’s 2022 report:
- Industry Size: $15 Billion
- Industry Employees: 70,000
- Retail Medical Spas: 8,841
- Single location medical spas: 81%
- Average Annual Med Spa Revenue: $1.9 Million
Med Spa Service Types and Brands
Medical Spas offer a variety of services. The core treatments generally include the following:
Neuromodulators ($500+)
Fillers ($700+)
Skin Rejuvenation ($300+)
Laser Treatments ($200+)
Body Contouring ($1500+)
Chemical Peels ($200+)
Tailwinds Driving Long Term Growth In Medical Spa Market
The medical spa industry growth is driven by several factors, including:
- Growing awareness and adoption of services
- Increased importance of self-care
- Willingness to invest in aesthetics
- Expanding market with younger and more diverse audiences
- Technology advancements
Medical Spa Services Are Offering In A Variety of Settings
Non-invasive aesthetic dermatology services are now offered by a variety of practice settings:
- Pure Play Retail Med Spas
- Plastic Surgery Clinics
- Dermatology Offices
- Dentist Offices
- At Home Services
Average Medical Spa Salaries By Healthcare Professional:
Salaries for medical spa employees may vary greatly. An average national breakdown is as follows:
- Registered Nurse (RN): $80,000
- Nurse Practitioner (NP): $111,000
- Physician Assistant (PA): $113,000
- Medical Director (MD): $120,000
Medical Spa Patient Profile Summary
Medical spa patient gender is 88% female and 12% male.
Female patient age ranges is 52% 35 to 54, 26% 18-34 and 21% 55+. The average patient spends $526 per visit. A typical med spa business is roughly 65% repeat clients. The average med spa handles 284 patient visits per month.
Types of Medical Spas
Clients can access medical spa services from a variety of providers. Those include retail medical spas, dermatology offices, and in-home concierge services. One example of an early adopter in each medical spa category includes:
- Retail Med Spa: Skin Spirit
- Dermatology: Schweiger Dermatology
- Concierge Med Spa: Pinch Med Spa
Clients may also find select medical spa treatments with plastic surgeons and dentists.
Sources:
- AmSpa 2022 Industry Report
- Private Investment Memos from multiple Investment Banks & Private Equity Firms
- Independent Research
