29 Apr Medical Spas are Poised for Growth
Scottsdale Medical Spa
Recent figures show that there are about 2,100 “medical spas” or “med spas” operating currently in the United States. This is truly an amazing number considering that med spas only emerged some 10 years ago. Their numbers increase greatly just prior to the recession in 2007-2009. Market data estimates that he medical spa market was worth $1.94 billion in 2010 and forecasts $3.6 billion by 2016. Sales are expected to grow by 18% a year through 2016.
Medical Spa Market + Technology
The market is heavily driven by laser machine technology, which can often achieve results nearly comparable to cosmetic surgery. The advantage is that these technologies are less invasive than traditional surgery. As Baby Boomers age, demand should grow for minimally or non-invasive cosmetic procedures made possible by these new laser advances.
Americans spent $10 billion on cosmetic non-invasive procedures in 2011. 12 million procedures were performed in that year including Botox injections, dermal fillers, laser hair removal, chemical peels, micro-dermabrasion, and skin rejuvenation. Women account for the majority of clients visiting these “spas” making up 83% of all visits. (Med Spa data taken from the American Society for Aesthetic Plastic Surgery)
About Scottsdale Plastic Surgeon Dr. Parson
Dr. Parson is an experienced plastic surgeon chosen multiple times as one of the “Top Docs” highlighted in Phoenix Magazine and is the former Chairman of Plastic Surgery and Chief of Surgery at Scottsdale Healthcare Shea Hospital. Dr. Parson currently serves as the Medical Director at NEOS Med Spa. Neos has multiple locations throughout the valley and is a full service “medical spa”. For more information please contact 480-282-8386