An Overview on Medical Spas
By Jacqueline Clarke Wellness Research Director, Diagonal Reports | October 28, 2008
This new "medspa" category is growing - strongly. In the USA, the most developed medspa market, the numbers more than doubled between 2004 and 2006. And in barely more than a decade medspa dollars went from zero to over one billion dollars a year. (There is as much conflict about market sizes as there is about definitions.)
The medspas are themselves but one segment of a relatively new category, the day spa. Currently in the USA, revenues in 14,000 "spas" are over $12 billion a year. The spa market is growing faster than wider professional beauty services market. Indeed spa revenues compare to the $60 billion revenues in about 313,000 hair salons/beauty salons in the USA.
The growth drivers of the medspa market are much the same in different market around the world. The chief of these would include:
For example many managers of medspas stress the "ordinariness" of their clients: "We are seeing more and more very ordinary people."
Medspa business categories / revenue generators
The medspa range of treatments can be very wide ranging - from A to Z, that is, from Aromatherapy to Zen. However, despite the "medical" in their title, the leading treatments in medspas are cosmetic. They are:--
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