With the global medical spa market projected to grow at a compounded annual growth rate of 12.2 percent between 2018 and 2025, the medspa industry is one of the most exciting and rapidly expanding areas in medicine.
Medspas offer medical-grade aesthetic procedures, including botox injections for wrinkles, chemical peels, and laser hair removal.
Additionally, medspas sell medical-grade skincare products to further enhance the benefits of the procedures offered. Owning and operating a medspa can serve as a lucrative source of income for prospective entrepreneurs—but can anyone open a medspa?
Owning a Medspa as a Non-Doctor
In most states, a doctrine known as the corporate practice of medicine is observed. The corporate practice of medicine doctrine dictates that only physicians and physician-owned companies can receive payment for medical services. Because the majority of the treatments offered at medical spas are considered medical treatments, the ownership of medspas is governed by the corporate practice of medicine.
If you’re interested in owning a medspa, enrolling in a medical program can prepare you for a career in the medspa industry. Career training schools like Prism Career Institute offer a wide range of medical programs in multiple fields. Whether you’re interested in specializing in aesthetic medicine or surgery, Prism Career Institute can prepare you for a strong, successful career in medical aesthetics.
