With the holidays quickly approaching, you may be purchasing spa gift cards as holiday presents. In our latest installment of interesting stats on payments and technology from popular industries, we’re focusing on the medspa space.
There were 5,431 total medical spas in the U.S. in 2016. The spa industry registers 155.8 million visits every year, and the US medical spa industry is projected to reach approximately $6 billion by 2022.
Fifty-two percent of medspa clients are between 35 and 54 years old, and more than 85% of a medspa’s clientele is female.
83% of medical spas offer esthetician services - which are the second highest driver of spa revenues. The top 5 revenue-generating medspa procedures in the US in 2018 were:
Laser Hair Removal
Body Contouring (Body Sculpting)