MEDICAL SPAS REVIEW by Medical Spas Review

EDITORIAL & ADVISORY BOARD

medical spas business review the medicine environment of the future –TODAY

ROBERT M. GOLDMAN, MD, PhD, DO, FAASP World Chairman-International Medical Commission Co-Founder & Chairman of the Board-A4M Founder & Chairman-International Sports Hall of Fame Co-Founder & Chairman-World Academy of Anti-Aging Medicine President Emeritus-National Academy of Sports Medicine (NASM) DR. RONALD KLATZ, MD, DO, is the physician founder and President of the American Academy of Anti-Aging Medicine. In 1984, Dr. Klatz was a pioneer in the clinical specialty of preventative medicine: as a principal founder of the National Academy of Sports Medicine and researcher into elite human performance and physiology. Dr. Klatz is a best-selling author, and is columnist or Senior Medical Editor to several international medical journals. He is the inventor, developer, or administrator of 100-plus scientific patents, including those for technologies for brain resuscitation, trauma and emergency medicine, organ transplant and blood preservation. DAVID B. MANDELL, JD, MBA, is a former attorney and author of ten books for clients, including For Doctors Only: A Guide to Working Less & Building More, as well a number of state books. He is a principal of the financial consulting firm OJM Group He has co-authored the Category I CME Monograph Risk Management for the Practicing Physician which has gone through 5 editions since 1998 & is certified for 5-hour business of medicine CME MANON PILON, Speaker, International Educator, SPA & Medical SPA Specialist – Mrs. Manon Pilon’s background spans over twenty-seven years of professional experience in SPA and MEDICAL SPA operation and management, marketing strategies, Medical Spa concept and development, and motivation methods. She is holding senior management positions in companies such as Europe Cosmétiques, CurAge Med, CurAge Spa, and Europelab. Founder of a private Aesthetics Professional School in Montreal, Canada.

ANNE BOLDUC Group Publisher & President EDITOR IN CHIEF Guy J. Jonkman SENIOR EDITOR Bernard Burt SEND EDITORIAL INFORMATION info@MedicalSpasReview.com or P.O. Box 2699 Champlain NY 12919-2699

SUBSCRIPTIONS Yearly subscriptions prices in the United States are US $87 for 1 year, US $127 for 2 years, US $157 for 3 years. Canada are CDN $118 for 1 year, CDN $178 for 2 years, CDN $218 for 3 years. International US $199 for 1 year US $279 for 2 years, US $359 for 3 years. Send payment to: P.O. Box 2699, Champlain, NY, 12919-2699 6-12 WEEKS FOR FIRST ISSUE MEDICAL SPAS REVIEW Chief Operating Officer, ANNE BOLDUC Systems Manager, DANIEL DOREY Director Human Resources, ESTHER AMAR Treasurer, STARR WYLKIE Group Publisher, ANNE BOLDUC Chief Editor, GUY J. JONKMAN MEMBER American Academy of Anti-Aging Medicine American Med Spa Association

e-mail: info@MedicalSpasReview.com

This issue is published by Publicom Inc. Postage paid in

MONTE ZWANG is a principal of Wellness Capital Management, providing cash flow and financial strategies to businesses in the cannabis &wellness industry. Monte has been a consultant for more than 25 years, teaching entrepreneurs and company leaders in health care, real estate, food and beverage, day spa, resorts and hotels, and retail dispensary industries the strategies of cash flow management. Monte is driven to the wellness industry because of a personal passion for healthy lifestyle choices, and a professional passion to work with cannabis wellness entrepreneurs as they achieve their business goals by helping people live a healthy lifestyle.

Montreal, QC and Plattsburgh, NY. POSTMASTER: PLEASE SEND ADDRESS CHANGES TO MEDICAL SPAS REVIEW, P.O. BOX 2699, CHAMPLAIN NY 12919. Nothing contained in this publication shall constitute an endorsement by Medical Spas Review of any information contained in this publication. The publication and/or owner-shareholders directors, disclaim any liability with respect to the use of reliance of any such information. The information contained in this publication is in no way to be construed as a recommendation or approval by Medical Spas Review of any industry standard, or as a recommendation of

BRENT A. BAUER, M.D. as director of the Mayo Clinic Complementary and Integrative Medicine Program, Brent A. Bauer, M.D., has broad and varied research interests. Dr. Bauer's personal goal is to ensure that research conducted under the auspices of the Complementary and Integrative Medicine Program is always held to the same high standards as all other research at Mayo Clinic. He brought real, evidence-based knowledge to patients and physicians trying to incorporate the best of conventional and complementary medicine practices.

any kind to be adopted by or binding upon any spa owner. Reproduction of any portion of this issue by any means (facsimile or electronically, for example) is strictly forbidden. The publisher assumes no responsibility for return of unsolicited photographs or manuscripts. Subscriber: Send subscription inquiries and address changes to: Circulation Department, Medical Spas Review, P.O. Box 2699, Champlain NY 12919. Give old and new address, including postal code and the address label from most recent issue. Allow six weeks for change. Printed in Canada. Legal deposit number 500073-D. US

ALEX R. THIERSCH Founder and director of the American Med Spa Association (AmSpa), an organization created for the express purpose of providing comprehensive, relevant and timely legal and business resources for the medical aesthetic industry throughout the United States.

POSTAGE PERIODICALS PAID AT PLATTSBURGH NY 12903. ISSN #1199-0600. MEDICAL SPAS REVIEW reserves the right to accept or reject advertisers and/or advertising material. Medical Spas Review is not responsible for the advertising contents in this magazine.

Printed in Canada on recycled paper Printed on certified sustainably forested paper

CHERYL WHITMAN, is a published author, a popular speaker and a beauty-industry consultant with more than 30 years experience, including 15 years as the owner of Face Fantasie Day Spa in Fort Lee, New Jersey. As founder and CEO of Beautiful Forever, Cheryl spearheads a successful team of medical spa consultants and business professionals. In addition, Cheryl developed the Medical Spa Success System, a revolutionary program that provides a turnkey educational success system and consulting services package to help clients jumpstart brilliantly successful medical spa businesses.

PUBLISHED SIMULTANEOUSLY in United States and Canada www.MedicalSpasReview.com Phone: 727-522-5833

Welcome to The Grand Resort Med Spa C

A World-Class Destination for Physician-Directed, Non-Surgical treatments to attain the Ultimate in Beauty and Wellness.

reated a brand-new, world-class Med Spa on the first floor of the Avalon Lakes/Corporate Building and Business Center on The Grand Resort campus that features new exam rooms, treatment areas, patient consultation rooms, and much more. The outstanding team of providers including a medical director along with a group of physician assistants and nurse practitioners all with extensive experience in medical rejuvenation procedures. Fulfilling the desire to maintain a younger appearance is easily attainable with the many services offered. The most advanced technology in the world to maintain and enhance your image utilizing non-surgical procedures that require minimal recovery. Beauty is uniquely personal, and our staff will work with each individual to create a unique treatment plan to embrace and manage the aging process.

What do you desire? Services and Treatments:

Medical Grade Peels, Lasers and Skin Treatments

Hollywood Spectra Peel If you follow the Hollywood stars and influencers, you have heard of this exciting, no downtime laser treatment called the “Hollywood Laser Peel.” Get that dewy glow and a brighter complexion without any downtime. DiamondGlow™ Combining a precision diamond tip to match your skin’s needs, targeted SkinMedica® Pro-Infusion Serums to make your skin glow! Ultra Glo™ Facial Using the Lutronic LaseMD Ultra, this service provides gentle, global improvement for all skin types, all year round. The Perfect Derma™ Chemical Peel The Perfect Derma™ Peel is a safe, effective medium depth peel for All Skin Types & Ethnicities. This product is virtually painless, with no pre-peel skin preparation and little downtime. The Perfect Derma™ Peel is the only peel that includes the powerful anti-oxidant Glutathione, which lightens and brightens the skin, slows down the aging process, helps prevent wrinkles and treats active acne. Skin Resurfacing The Lutronic LaseMD Ultra rebuilds glowing, healthy skin through gentle, non-ablative fractionated treatments. Advanced Acne Treatments Consult with our experienced experts for your individualized skin assessment. Our treatment strategies focus on using the best in laser acne treatments, medical grade medium-depth chemical peels, and ZO Skin Health programs. TotalSkin Solution™ Our premier solution for aging skin, this unique combination of our best-in-class devices, the Lutronic Genius delivers RF microneedling energy to stimulate the production of collagen while the Lutronic LaseMD Ultra helps target unwanted pigment. Sun & Age Spot Removal Using the Clarity II laser, we are able to treat unwanted pigment. Vein Removal Using the powerful Clarity II laser, you can say goodbye to unwanted spider veins and small vascular lesions. Tattoo Removal Using the Hollywood Spectra laser, tattoo removal is made easy. PRFM Platelet-Rich-Fibrin-Matrix Therapy “Next Gen PRP (Platelet-Rich-Plasma)” is an advanced therapy that utilizes the body’s own blood concentrate to help promote healing and achieve a hydrated youthful appearance.

Courtesy of Lutronic

ZO Skincare – Medical Grade Skincare Products

Botox and Dermal Fillers BOTOX®/Dysport These injectables are FDA approved to temporarily treat the appearance of fine lines. Dermal Fillers Whether you are looking to restore age related volume loss or simply balance and enhance your natural facial features, we offer Juvederm’s and Restylane’s line of hyaluronic acid products. Lutronic LaseMD Ultra

Lutronic Genius

Prevent and Correct Package Better together! By combining our TotalSkin Solution™ treatment with BOTOX®, combat fine lines, crow’s feet, and unwanted pigment and slow down the aging process.

Body Sculpting - Fat Removal and Muscle Toning CoolSculpting® Elite Experience the most advanced CoolSculpting system yet with CoolSculpting Elite. This FDA cleared treatment freezes away stubborn fat. With over 8 million treatments performed all around the world, CoolSculpting Elite is the #1 in freezing technology. CoolSculpting Elite

Accufit Muscle toning made easy—achieve the equivalent results of doing 20,000 sit-ups in 30 minutes! Our Lutronic Accufit device is intelligently designed to deliver direct muscle activation treatments for improved definition and functionality. Package of 4 The Ultimate Body Package It’s a perfect match! To achieve your body contouring goals, CoolSculpting® pairs perfectly with Accufit to provide both fat reduction and muscle building. CoolSculpting® treatments will freeze away unwanted fat while Accufit focuses on strengthening and toning. EvolveX: Body As we get older, aging skin inevitably wrinkles, folds and sags. With EvolveX, reverse the signs of aging and restore skin’s elasticity. EvolveX is a non-surgical, total body remodeling system designed to tighten skin, treat fat, sculpt abdomens, lift buttocks and tone hips.

Lutronic Accufit

Evoke: Face and Neck A two-in-one solution for aging skin on the face and neck, Evoke by InMode is designed to reduce submental fat and provide skin tightening to make sagging skin more toned and firm. Evoke’s facial applicators deliver bipolar radiofrequency (RF) energy to the cheeks, neck and jawline. With its ability to maintain a constant temperature, Evoke remodels the dermis and subdermal tissues to promote neocollagenesis.

Lutronic Hollywood Spectra

Zimmer Chiller

Hair Treatments KeraLase™ Hair Restoration Using our Lutronic LaseMD Ultra, we create microchannels in the scalp that allows precise application of KeraFactor® serum. KeraFactor® serum has seven proprietary biomimetic synthetic versions of growth factors and proteins which provide a new, multifaceted topical formulation to achieve thicker and fuller hair where it once was thinning. Package of 6 Hair Removal Save time shaving each day, throw away the razor, forget the waxing, and feel more confident. Our Clarity II laser is top of the line in permanent hair reduction/removal.

Lutronic Clarity ll

Health and Wellness

IV Therapy IV Therapy is the most efficient way to deliver vitamins, amino acids, antioxidants, and other vital nutrients to your circulatory system.

Reboot - The Hangover Cure Replenish your body and combat hangover-related symptoms like dehydration, headache, and nausea with our Reboot IV Kit. This kit helps hydrate your body, detox your system, restore essential vitamins, and fights fatigue. Dr. John Scullin, MD, Medical Director With more than 52 years of experience in the medical field, Dr. Scullin brings a wealth of medical expertise and knowledge to our practice. Dr. Scullin received his medical education from St. Louis University School of Medicine, completed his residency at the Cleveland Clinic Foundation, and was one of the founding partners of Edgewood Surgical Hospital in Transfer, PA where he currently serves as a member of its Board of Directors. Dr. Scullin is extremely excited to be a part of the newest expansion at The Grand Resort and contributing to the safety and effectiveness of the services provided in the new Med Spa.

Brainstorm Combining folic acid, B12, L-taurine and alpha-lipoic acid, this IV kit helps improve overall brain function, increase memory recall, and enhance certain aspects of learning. Get-Up-And-Go Designed to help kick-start your metabolism and feel more energized, this IV kit helps burn fat, boost metabolism and provide the nutrients needed for optimal wellness. Immunity Designed to help your immune system, prevent illnesses and make you feel better faster after getting sick, this IV kit helps improve immunity, protects against infection and reduces duration of illnesses. Quench Rehydrate your body and combat fatigue caused from dehydration. This kit is designed to replenish the fluids needed to detox your system, restore essential vitamins, reduce inflammation, and improve circulation.

The Grand S

Recovery and Performance Designed to help shorten the time of recovery after an injury and potentially improve athletic ability, this kit helps decrease recovery time, enhance athletic performance, replenish essential nutrients, and reduce inflammation.

Bio-identical Hormone Replacement Therapy HRT Bio-identical hormone replacement therapy (HRT) is the use of hormones to help resolve symptoms related to hormonal imbalance or decline in women and men. Bio-identical means identical to our natural hormones. There is a natural decline in hormone production with age. Production declines by 50% by age 50. As we age, we start to experience a multitude of symptoms that are a result of natural imbalance of hormone levels.

Salon and Spa

Rejuvenate Your Mind, Body, & Spirit Experience relaxation and rejuvenation at its finest, where world-class architecture and the highest level of service unite to provide our guests with the best Salon and Spa Experience available anywhere. The Grand Resort offers a full complement of therapeutic and rejuvenating facial and body care treatments as well as the very best in beauty services including manicures and pedicures.

he premier destination resort in the Northeast and Midwestern United States. Guests of The Grand Resort enjoy a true year-round resort with the finest in hotel accommodations and amenities, PLUS are members of Avalon Golf and Country Club during their stay, with full access to the many first-class services available at Avalon’s five locations–free shuttle service available.

Welcome to 132 Luxurious Guest Rooms and Suites - The Grand Resort boasts

a wide variety of beautiful, well-appointed guest rooms and suites, including pet-friendly options.

The Grand Resort Golf - Play Our Four Legendary Courses

Guests of The Grand Resort can choose from four championship courses: Avalon Lakes, Avalon at Squaw Creek, Avalon at Buhl Park, and Avalon Field Club at New Castle – all designed by renowned course architects and played by some of the world’s greatest golfers.

Avalon Lakes - Our Premier Course - Avalon Lakes is one of the

premier golf courses in the world designed by legendary golf course architect, Pete Dye. The Lakes offers 5 sets of tees that range from 4904 yards to 7551 yards. Offering a variety for all skill levels, this par 72 golf course features undulating greens, beautiful terrain, and plenty of “lakes”. Our signature hole is number 8, a majestic peninsula par 3 that plays from 128 yards to 244 yards. The usual pin placement is located only steps from the water’s edge.

The Grand Resort Conferences and Events - Choose from 24 Conference and Meeting Rooms - The Grand

Resort is the perfect place for your next conference or company retreat. Ideally located between Cleveland and Pittsburgh, whether it is a one day trip for four or a multi-day event for hundreds we have meeting spaces at The Grand Resort to serve your every need.

The Grand Resort Weddings - Design Your Dream Wedding

Our breathtaking venues, delicious catering, and dedicated staff are here to help create an unforgettable wedding experience for you and your guests.

The Grand Resort Pools - Enjoy Swimming in Six Pools

Our outdoor pools include our stunning Resort pool along with the breathtaking Roman Bath, which is open year-round and heated to a therapeutic 90 degrees. Guests can also enjoy our 25-meter indoor Olympic pool with designated lanes for adult lap swimming.

The Grand Resort The Grand Resort Restaurants and Bars - Delight Your Senses and Relax in 26 Restaurants, 21 Bars, and 6 Lounges

Guests of The Grand Resort have their choice of 8 restaurants and 8 bars (5 outdoors) along with 2 lounges right here on The Grand Resort campus. Plus our guests have access to an additional 18 restaurants, 13, bars, and 4 lounges through the affiliated Avalon Golf and Country Club properties providing unlimited possibilities for fine or casual dining and relaxation.

The Grand Resort Wine - No One Does Wine Better

Try the best wines from around the world in our Wine Cellar and Lounge.

The Grand Lounge and Cigar Store - Enjoy your favorite cigar from

our selection of more than 150 of the best brands in the world. Relax in an atmosphere of distinction with a rich mahogany interior, leather chairs, large televisions, and private humidors.

The Grand Resort Fitness - Total Body Workouts in Three Fitness Centers - The Grand Resort’s comprehensive fitness center offers all the equipment needed for total body fitness! From premier Hoist equipment featuring a variety of free weights to state-of-the-art cardio units including Precor treadmills, ellipticals, adaptive motion trainers, and a Concept 2 rower.

The Grand Resort Recreation - Endless Recreational Opportunities – all FREE for our resort guests.

The Grand Resort Tennis - 21 Tennis Courts Plus Other Racquet Sports - Guests of The Grand Resort enjoy free tennis,

pickleball, and racquetball indoors and out. Lessons from our PTR-certified instructional staff are also available.

The Grand Resort Packages - Enjoy One of Our Special Packages - The Grand Resort has a number of unique offers and packages

designed to give our guests a special experience with value-added amenities.

TheGrandResort.com

MEDI CAL SPAS

MED SPA EXPERIENCES HELP PEOPLE FEEL BEAUTIFUL

Trends

Trends Shaping the Med Spa Industry Outlook in 2022

THE

MED SPA INDUSTRY IS ONE OF THE FASTEST- GROWING

SECTORS IN THE

AMERICAN

ECONOMY.

IN 2019, THE INDUSTRY WAS VALUED AT $13.82 BILLION, AND IT’S PROJECTED TO GROW TO $47.14 BILLION BY 2030. UNDERSTANDING THE MARKET TRENDS ALLOWS MED SPA COMPANIES TO SERVE MORE CLIENTELE AND INCREASE THEIR REVENUE.

Positive Outlook for the Med Spa Industry During a time when people spend more time at home than ever before, certain industries suffered. Businesses that offered in-person services saw dramatic decreases in revenue, and many had to permanently close their doors. And although the med spa industry should have suffered due to the COVID-19 pandemic, it didn’t. On the contrary, med spas across the nation not only survived, but they thrived. www.medicalspasreview.com

Med spas provide soothing spa treatments as well as cosmetic medical procedures, focusing on the holistic health and well-being of their clients. Combining a national increase in stress levels, regular video calls for work-from-home professionals, more free time, and more disposable income, many Americans have opted to choose med spa services as an outlet for stress relief and self-care. Following, we’ll share the top five trends shaping the growing med spa industry and how you can take advantage of these trends to grow your business. • MEDI CAL SPAS REVIEW

MEDI CAL SPAS

Trends

DEMAND IS GROWING FOR NON-INVASIVE MED SPA TREATMENTS 1. MED SPA MEMBERSHIPS Med Spa experiences help people feel beautiful and to love their skin and bodies. Many med spa regulars choose these treatments because they reduce stress and contribute to a person’s total wellness. For these reasons (and more), many med spas have incorporated subscription and membership models in their marketing strategies.

2. FACIAL TREATMENTS ARE MORE POPULAR THAN EVER Video calls have replaced in-person office meetings, family gatherings, and even classrooms. People are using screens to connect, which means they’re staring at their faces more than ever. With an increased focus on how they present themselves, Americans of all ages are seeking out ways to improve their appearance. Med spas are in prime position to meet these needs and market to clients looking for facial services. Many of today’s popular med spa treatments target the face and neck, which is exactly what clients are seeking out. Thanks to the COVID-19 pandemic, many people have experienced irritation from constantly wearing face masks. Additionally, video-calling is at an all-time high, which means people are focusing on how their faces and necks appear on-screen. As a result, med spas have seen a significant uptick in the number of face and neck treatments their clients are purchasing. Take note of this surge in demand and promote your facial services. Clients want treatments that help them look fresh on-screen, and you can meet those needs with your med spa services.

Membership models encourage members to commit to your med spa services. This model provides consistent, stable streams of income for your business. Memberships also foster long-term relationships, which boost loyalty and increase the sales of your goods and services. You can customize the membership to fit your business’s needs. Memberships could include monthly specials, discounts, or exclusive scheduling benefits. Create scaled memberships that allow members to choose the benefits they want at prices that fit their budgets. Dream of the perks your clientele would love and include them in your packages. Med Spa memberships encourage consistent business from your clients, and they enjoy the total-health benefits of regular med spa treatments. MEDI CAL SPAS REVIEW •

www.medicalspasreview.com

MEDI CAL SPAS

MED SPAS SHOULD HEED “NATURAL” DATA TO BEST SERVE ITS CLIENTS 3. MINIMALLY INVASIVE TREATMENTS ARE ON THE RISE The demand for minimally and non-invasive med spa treatments continues to grow. Non-invasive procedures provide several benefits over invasive surgeries: • Lower cost • Fast results • Little or no recovery time Unlike cosmetic surgeries, med spa treatments can be done in as little as a few minutes. Clients enjoy a calming atmosphere and avoid the stresses associated with outpatient cosmetic surgery procedures. Non-invasive procedures provide significant results with much less financial and emotional investment than plastic surgery or other cosmetic procedures. According to the International Association for Physicians in Aesthetic Medicine, the top five non-invasive treatments are as follows: 12345-

Botox Hyaluronic Acid Hair Removal Nonsurgical Fat Reduction Photorejuvenation

Minimally invasive and non-invasive treatments make the med spa experience accessible to more people than ever before. Now a client can decide on a treatment on one day and have it done the same day or the next. Non-invasive procedures help men and women alike feel great about themselves without significantly interrupting their schedules. Med spas provide a service, then the client can run errands or even return to work immediately after it’s done. Minimally invasive treatments can provide near-instant results to people looking for a boost in their appearance, making these procedures attractive to med spas and clients alike. www.medicalspasreview.com

• MEDI CAL SPAS REVIEW

Trends

MEDI CAL SPAS

Trends

MED SPAS MAKE AESTHETIC ENHANCEMENTS MORE ACCESSIBLE

5. MED SPA CLIENTS WANT FINANCING OPTIONS As we noted above, med spas make aesthetic enhancement more accessible than ever, especially when compared to cosmetic surgery centers. But for some clients, a lack of cash on hand inhibits their ability to enjoy the stress-reducing, self-esteemboosting benefits of med spa treatments.

4. INCREASED FOCUS ON NATURALLOOKING RESULTS In one beauty industry study, women across all age brackets describe beauty with the word “natural.” In fact, it was the most popular term among those surveyed. The med spa industry should heed this data to best serve its clientele. Med spa clients want treatments that enhance their beauty with natural-looking results. Botox has long been a popular med spa treatment, and now younger clients utilize the injection to stave off fine lines and wrinkles. Preventative Botox injections are mainstream for women between the ages of 20 and 39 largely because the results are so natural looking. Social media usage is at its highest point, and there’s no denying the link between social media and selfworth and body image. When users post on their socials, they want to put their best foot –– and face –– forward. Med spas provide beauty enhancement that doesn’t look fake or unnatural, making these offices ideal destinations for anyone looking to love their reflection and want a natural-looking boost. MEDI CAL SPAS REVIEW •

Consumer financing options enable med spas to provide services to a wider breadth of clients regardless of the client’s ability to pay in advance, in full. United Consumer Financial Services offers decades of financing experience to med spas seeking out point-of-sale financing.

www.medicalspasreview.com

MEDI CAL SPAS

STAY ON TOP OF THE LATEST TRENDS TO MEET CLIENT NEEDS

Your med spa business will immediately benefit from working with a professional financing firm like UCFS with the following advantages: • Additional payment methods that offer greater access and convenience for your clients with low monthly payments • Financing in amounts of $1,000 to $10,000 • Quick approval to streamline scheduling or provide immediate treatment • Pay only when you use the financing. No registration CONCLUSION The med spa industry is growing with no signs of fees, no setup fees, no monthly fees. slowing down. Staying on top of the latest trends These benefits and more draw businesses like yours to prepares you to meet client needs. Offering consumer utilize UCFS’s med spa consumer financing services. financing gives you a competitive advantage that And your clients will benefit as well. With affordable draws clients to your center and empowers them to monthly payments and friendly customer service, your choose the services they want on the same day. When med spa clientele can confidently choose their you’re ready to take advantage of all that consumer treatments and love their reflection without dipping financing can do for your med spa business, contact into their savings account or charging their credit card. the team at UCFS. n

www.medicalspasreview.com

• MEDI CAL SPAS REVIEW

Trends

MEDI CAL SPAS

Medical & Spas

MEDICAL SPA IS A HEALING TREATMENT

THE GLOBAL MEDICAL SPA MARKET SIZE WAS VALUED AT USD 13.82 BILLION IN 2019 AND IS PREDICTED TO REACH USD 47.14 BILLION BY 2030 WITH A CAGR OF 11.8% FROM 2022-2030. Medical Spa is an amalgamation of medical clinics and traditional spas, offering soothing, relaxing, therapeutic, and luxurious spa experience along with specialized medical treatments.

t involves skin care, nutrition, exercising advice, cosmetic procedures, facial treatments, light & laser treatments, and chemical peels among many other services. This is a unique form of treatment and care therapy that involves healthcare professionals from different fields. Medical spa is a healing treatment that aids in the improvement and preservation of health, along with fortifying development in immune system. The upsurge in the demand for minimally invasive medical treatments such as body sculpting, injectables like Restalyne, Juvederm, and Botox, chemical peels, tattoo removal and others; supplements the growth of medical spa market.

Market Share by Services (%)

Facial Treatment Body Shaping & Contouring Hair Removal Scar Revision Tattoo Removal Others

MEDI CAL SPAS REVIEW •

MARKET DYNAMICS AND TRENDS The rising pollution levels, stressful lifestyles, adulteration of food products, maleficent farming techniques, use of hormones and biological substrates in dairy products, as well as exposure of skin to harmful chemicals; are leading humans to the modern-age problems like premature hair-loss, early aging, skin problems, obesity, hormonal issues, and other such physical, mental, and emotional ordeals. Consequently, the growing trend of health & fitness culture, changing lifestyles, as well as higher adoption of skin care solutions and facial treatments, are expected to proliferate the growth of global medical spa market.

www.medicalspasreview.com

MEDI CAL SPAS

MEDICAL SPA TOURISM CREATES A LUCRATIVE OPORTUNITY

Furthermore, rising level of stress, difficult work-life balance, and machine-like lifestyles of individuals, generates a need for vacations, in-order to rejuvenate the body & mind, and bounce back to normal. This scenario, coupled with wellness packages offered by hotels & resorts, tend to propel the growth of global medical spa market.

Furthermore, factors such as presence of developed healthcare infrastructure, increased awareness regarding the benefits of medical spa treatments, as well as expansion and development of new medical spa centers by the prominent market players are expected to supplement the growth of medical spa market in this region.

However, high cost associated with the procedure and lack of skilled healthcare professionals in this field is expected to impede the growth of medical spa market.

Asia Pacific is expected to demonstrate a substantial growth in global medical spa market, holding the highest CAGR values throughout the forecast period. Factors driving the growth of the medical spa market are, growing demand of cosmetic & beauty enhancement procedures, increasing fitness trend, higher inclination towards healthy lifestyles and increasing medical tourism in this region.

Moreover, factors such as upsurge in medical tourism, increase in per-capita disposable income, and expansion of present infrastructures by the major market players, are anticipated to create several lucrative opportunities for growth in the global medical spa market. GEOGRAPHICAL ANALYSIS North America is expected to hold the major market share maintaining its dominance in the global medical spa market throughout the forecast period, owing to higher adoption of medical spa treatments in this region.

www.medicalspasreview.com

• MEDI CAL SPAS REVIEW

Medical & Spas

MEDI CAL SPAS

Medical & Spas

NORTH AMERICA DOMINATES GLOBAL MEDICAL SPA MARKET

COMPETITIVE LANDSCAPE The medical spa market is highly competitive and consists of various market players. Some of the major market players include Biovital Medspa, Allure Medspa, Chiva Som, Canyon Ranch, Inc., Hyatt Corporation, Clinique La Prairie, True Skin Care Center, Sciton, Inc., Westchase Medspa, Vilalara Longevity Thalassa & Medical Spa, Lumenis Ltd., Cynosure, Inc., Spa Vitoria, Lanserhof and Syneron Medical Ltd., among others.

For instance, in January 2020, Hyatt Hotels Corporation, the ruling player of the medical spa market, announced a collaboration between Hyatt and Headspace, with an objective to bring mindfulness exercises, guided meditations and sleep content to millions of employees, corporate customers and guests.

The prominent players have adopted product launches and collaborations as their key strategies to gain substantial share in the medical spa market.

Furthermore, in March 2020, the giants of medical spa market, Hyatt Hotels Corporation, Terra Group, and Turnberry, announced a collaboration with a plan to open a new 800-rooms Grand Hyatt hotel on the Miami Beach, by 2023. Managed by Hyatt, this 17-story hotel located in the heart of the city shall enhance Miami Beach Convention Center with luxurious aesthetics, new public spaces, privately funded infrastructures, improved connectivity, and resiliency upgrades. n MEDI CAL SPAS REVIEW •

www.medicalspasreview.com

Printed in Canada