What the Current Medical Spa Market Analysis Shows…
It is really surprising that most people open a medical spa without doing the proper research and a medical spa market analysis.
“My dream is to open my own med spa.”
We’ve heard this many times before. To open a medical spa this year or in the near future, these are the questions to ask:
- Do I have enough time to run a business?
- What services do I want to offer?
- Is the market right to open a med spa?
While we can’t answer the first question for you, we’ve the answer on the last two. Here’s a brief medical spa market analysis to show what’s happening in the industry:
The Market is Growing
If you have ever considered opening a med spa, there’s no time like the present. Why? The industry is just continuing to grow, grow, grow! The numbers don’t lie: According to a report published by Allied Market Research, the global medical spa market is projected to grow at a CAGR of 12.2% from 2018 to 2025.
And, while the U.S. currently dominates the North American med spa market, the global market is growing as well. The medical spa markets in India and Brazil are registering a CAGR of 14.2% and 13.9% during the forecast period, respectively.
In terms of most popular services, start thinking about facial treatments and tattoo removal. According to Allied Market Research, in 2017, the facial treatment segment made up one-third of global market revenue. And tattoo removal? That segment accounted for one-seventh of total market revenue share in 2017 and is expected to see a CAGR of 11.8% from 2018 to 2025.
So, the med spa market is growing! It’s a great time to open a medical spa. And, you even know what services you might want to offer to your clients.
Now, the next question might be, “How do I get the word out about my med spa so I can achieve success?”
If you’ve followed our Blog Posts, then you know 2 very important things about us:
- We’re incredibly good at what we do — generating steady, predictable leads.
- We put emphasis on empathy.
In other words, with our help you’ll learn to market your medical spa and connect with potential clients in a way that others can’t. So, this begs an obvious question: How do we know which clients to connect with on an empathetic, emotional level? This is where Right Brain meets Left Brain… Nerd meets Artist…
In order to know who to connect with, we have to have Data.
The data must be precise, calculated, detailed. Data is the key to knowing exactly who to connect to. And, truth be told, we do Data far better than other Marketing Agencies.
How Do We Get Better Data?
Most Marketing Agencies apply the same logic, same analysis, and same data points across different verticals. Which means they’re treating medical spa analysis the exact same way they treat car dealership analysis. Med Spa Growth & Profitability, on the other hand, practices medical spa market analysis.
This current data is not only focused solely within the medical spa industry, but it’s also focused on a per-spa, per-market basis.
No two medical spas are the same, nor is their medical spa market analysis the same. We look into what your spa does better than others, what potential clients in the area are searching for, and combine them to bake a delicious, beautiful cake of consistent, predictable leads.
If empathy brings clients in, Med Spa Growth & Profitability’s medical spa market analysis finds those clients! Just like the industry numbers don’t lie, our numbers don’t lie, either. We’ve helped many clients achieve success… click below to find out how!
Discover the Power of Medical Spa Market Analysis HERE