This groundbreaking new analysis examines the growing $1.9 billion business of medical spas. These are the about 2,100 “medical spas” or “med spas” now operating in the United States—an interesting hybrid niche healthcare/cosmetic facility that straddles the medical and business fields. 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. http://www.bharatbook.com/
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 an ever-developing generation of laser equipment.
This study examines the med spas market structure and history, revenues/growth, key market trends and issues, effects of the recession, consumer demand factors and demographics, extensive med spa (http://www.bharatbook.com) operating ratios--results of three separate surveys, laser technology and suppliers, why franchising failed, investment, etc. Covers national revenues (2002-2011 estimates, 2012, 2013 & 2016 forecasts).
Headwinds that have limited med spa success in the past have included widely varying state regulations, botched procedures resulting from improper use of laser machines, and a spate of failed franchises. However, most of these issues have been resolved and the business lessons have been learned.
The study contains 13 in-depth profiles of the leading laser equipment makers. This report is also sold by single chapters.
Executive Overview of Major Findings ($300)6-21
Highlights of all study chapters: nature/description of medical spas and market structure, key operating ratios, $ market size/growth (2000-2016 forecast), major trends and factors affecting consumer demand, number and type of cosmetic procedures performed annually/cost/
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