Medical spas have quickly become one of the nation’s fastest-growing businesses. According to a 2017 AmSpa survey, 50 percent of medical spa owners believe that their revenues will increase more than 10 percent in 2017. Medspas are known to offer a variety of services aimed to rejuvenate and revitalize the appearance for a variety of audiences. Both older men and women wish to live longer lives, be healthier, and look good while aging. Younger audiences are also eager to find ways to preserve their youthful appearance and proactively fight against signs of aging. In fact, Millennials currently account for nearly 20 percent of medical spa patients. This age group (18-34) is dedicated to wellness and prevention and enjoys the non-clinical environment along with the shortened wait times for appointments that medical spas offer.
Due to the types of services medical spas offer, potential clients view medspas as the one-stop convenience store of laser and aesthetics. While Botox, hair removal, and skin rejuvenation are some of the most commonly asked about services, new services such as laser tattoo removal are also gaining in popularity. In this article, we will discuss how adding new services to your medspa can increase your profitability.