The State of the U.S. Medical Spa Industry
A current, sourced snapshot of one of the fastest-growing corners of healthcare. Every figure below is attributed to its primary source. Free to reference with attribution.
Last updated: May 2026
A $17B industry compounding in the low-teens
The U.S. medical aesthetics industry generates well over $17 billion a year and has been adding more than $1 billion in revenue annually. Analyst firms differ on the exact figure and scope, but their growth rates cluster tightly.
Projection scopes and end years differ between firms and are shown as published. Treat market-size forecasts as directional; the consistent signal is a 12-15% compound annual growth rate.
The number of medical spas keeps climbing
The U.S. added roughly 1,600 net new medical spas between 2022 and 2023, a 17.9% year-over-year increase. Nearly one in five spas operating in 2023 had opened that same year.
What a single location looks like
The average medical spa is a real small business: seven figures of revenue, a few hundred visits a month, and healthy margins for well-run operators.
Margin figures are directional industry estimates rather than survey data and vary widely with location, service mix and staffing model.
Who visits a medical spa
The medical spa patient is overwhelmingly female, concentrated in midlife, and increasingly loyal, with nearly three in four returning as repeat visitors.
- 54%Age 35-54
- 24%Age 55+
- 22%Age 18-34
Injectables drive the business
Facial injectables are nearly universal and account for the majority of procedure volume. Skin, laser and body treatments fill out the menu.
A small-business, owner-operated industry
Most medical spas are single locations run by their owners. Nurse practitioners are taking on ownership at a fast-rising rate, and multi-location groups are getting larger.
A fragmented market in the early innings of roll-up
With four in five spas operating as single locations and only a sliver under private-equity ownership, the medical spa industry looks much like dentistry or veterinary care did before their consolidation waves.
MedspaSourcing maps and scores medical spa acquisition targets nationwide, from owner-operated single locations to small multi-site groups.
Where these numbers come from
Figures are compiled from publicly reported industry research. When citing a number, attribute it to the named source below. Operating data (spa counts, revenue, demographics, ownership) is drawn from the American Med Spa Association, the industry's primary survey authority. Market-size forecasts come from independent research firms and are presented as a range.
- AmSpa (American Med Spa Association), Medical Spa State of the Industry Report, 2024 edition
- Grand View Research, U.S. Medical Spa Market outlook, 2024
- Mordor Intelligence, Medical Spa Market report, 2025
- Precedence Research, U.S. Medical Spa Market report, 2025
- Expert Market Research, U.S. Medical Spa Market report, 2025
- Levin Associates / Scope Research, medical spa M&A coverage, 2025
“The State of the U.S. Medical Spa Industry,” MedspaSourcing, May 2026. https://medspasourcing.com/industry