We are in the early innings of a self-care boom that reaches across generations and genders, with no leading distinguished brands. The opportunity is immense to best serve patients while building billion dollar companies. Let's get going.
The signs are all around us. Your partner or girlfriends are raving about their me time and results at their preferred derm or medspa. That decades later catch-up with your football-playing college friend, after a few beers, resulted in you knowing he's on peptides and likes brotox. Your college grad is religious about the skin care routine. And mom has made great progress with the help of semaglutide and loves her refreshed look.
According to McKinsey, the world wide self-care wellness market is $1.8 trillion today, $480 billion in the US, and growing at ~10%. Subcomponents of the US market include the highly fragmented $19 billion medspa market, growing a 15% per year, further complemented by the cosmetic dermatology and plastic surgery market, providing at least a like amount.
But it's a complicated business.
What are the services one should offer. And how is it possible to keep up with the best (costly) equipment and best practice protocols. All while ensuring results are top notch; key staff is recruited, credentialed, trained, and compensated ideally; and new potential patients can differentiate the practice from others.
Not to mention maintaining the right mix of digital, social, and offline presence and engagement. And having the administrative staff to keep up with up the new patient leads and foster conversion and happy customers. Oh, and that definitely includes use of the optimal tech stack, AI, and automation tools to ensure service and follow-on engagement with patients is optimized. And that's also before considering promotions, membership plans, regulatory requirements, key performance indicators, and financial analyses to run the business.
If it's time to think about partnering with a high-value-add capital partner to take your plastic surgery, dermatology or medspa practice to the next level, JSTAR could be a great option.
JSTAR's been a partner in building billion dollar successful companies in the hybrid healthcare/consumer sector (dental). And in other industries. It has been a refreshing, symbiotic partner to its leadership teams in building the sales, marketing, data, analyses, and administrative infrastructure to win - win for customers, win for employees, win for vendors, and win for all stakeholders.
The JSTAR team has a differentiated strategy in the sector, focused on the highest quality providers that understand the importance of building a life long relationships with patients. It also has the EQ to listen and understand a practice owner's needs and has the flexibility, innovation, and creativity to create bespoke transactions and partnerships for each qualified owner.
And know that JSTAR understands business building is a journey full of ups and downs, but people are what truly matter. JSTAR parters with and supports its partners, leadership teams, and all employees. Its celebrates wins together as well as rolls up its sleeves and gets to work - again together - when unexpected challenges arise.
Are you looking for a high value-add capital partner or buyer for your cosmetic plastic surgery, dermatology, or medspa business (or an investment bank representing one)? If so, contact JSTAR. We understand the complexities of business and are ready and motivated to work symbiotically to provide #MarketValue, #SecondEquityBite, #CapitalToGrow, #RefineStrategyAndExecution, #CatalyzeThoughtfulEfficiencies, #FixBottlenecks, and #MakeLifeEasier for owners, leadership, providers, patients, employees, and vendors.
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