SOURCE: MarketResearch.com

MarketResearch.com

November 13, 2012 04:08 ET

Market Research Report -- Medical Spas Are a Growing $1.9 Billion Business

ROCKVILLE, MD--(Marketwire - Nov 13, 2012) - MarketResearch.com has announced the addition of "Medical Spas: A Market Analysis," to their collection of market reports.

This groundbreaking new analysis by Marketdata 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.

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 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.

For more information, visit http://www.marketresearch.com/land/product.asp?productid=7195320&progid=84894

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