A Medspa business is supported by economic and lifestyle trends in America.
Demographic and Economic Trends
The MedSpa revolution has been closely linked to the growing baby boomer generation in the US. Baby boomers are generally considered to be persons born during the post-World War II birth rate boom, lasting from 1946 through about 1964. As a group, they are well educated, with 87 percent being high school graduates and one in four a college graduate. They are the wealthiest, most sophisticated purchasers. At approximately 75 million, baby boomers are the single largest buying group in the US today.
• The baby-boomers now make up 51% of the total U.S. population and they control 75% of the country’s wealth!
• 12,000 Americans turn 50 every day (1 every 8 seconds) and this will continue for the next 20 years.
• Americans over 55 will grow by 60% in the next 20 years and their buying power will exceed $2 trillion by 2007
However, while baby boomers are largely considered the main target medspa consumers, the variety of treatments and services available in medspas expand this consumer base even further. Procedures like Laser Hair Removal, Acne Programs, Deep Tissue Facials and non-surgical Cellulite Treatments attract men and women well outside the baby boomer bracket.
Spas are the fourth-largest leisure industry in the United States, according to the International Spa Association. The number of spas has grown 35 percent in just the past two years; as of the August 2006 count, there were 13,757 U.S. spas. Day spas make up the majority (80 percent), followed by those in hotels or resorts (9 percent), medical spas (7 percent), club spas (4 percent), mineral springs spas (0.6 percent) and destination spas (0.5 percent).
Today’s spas are selling wellness, health and relaxation. The International Spa Association recently noted that 31 percent of spa-goers are men. Spas have responded with products and dcor for the male market.
MedSpa is capitalizing in this trend in a way that makes Spa sense!
More on this target rich company.
MedSpa of America
400 Perimeter Center Terraces, NE
Suite 900
Atlanta, GA 30346
Telephone: 770-804-6410
Investor Relations:
500 Australian Avenue S., Suite 700
West Palm Beach, FL 33401
Telephone: 561-514-0194
Email: info@dpmartin.com
This release contains forward-looking statements, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties and other factors as may be discussed from time to time in the Company’s public filings with the U.S. Securities and Exchange Commission (”Commission”), press releases and verbal statements that may be made by officers, directors or employees acting on Medspa’s behalf which could cause actual results to differ materially from those discussed in the forward-looking statements and from historical results of operations. In addition to statements, which explicitly describe such risks and uncertainties, statements with the terms “believes,” “belief,” “expects,” “plans,” “anticipates” and similar statements should be considered uncertain and forward looking. Factors that might cause such a difference include, without limitation: the uncertainty of the Company’s ability to meet capital needs and as further set forth in MedSpa public filings filed with the Commission and our releases.
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