Dermatology Business Success Stories [2024]
The beauty and wellness industry is booming all across the globe. Not only has the demand for skin care, nail care, hair care, and face care products increased, but also people are conscious of the benefits of consulting experts.
If you are enthusiastic about beauty and wellness and want to start a business, you may consider starting a dermatology business. Dermatologists specialize in skin, hair, and nails. They help patients who suffer cosmetic disorders like hair loss and scars.
Cases of skin disorders among the elderly and the need for skin care and beauty solutions among younger and middle-aged people are reasons services of dermatologists are in high demand. To start the dermatologist business, research the market and choose a niche that you may specialize in.
In this list, you'll find real-world dermatology business success stories and very profitable examples of starting a dermatology business that makes money.
1. ProMD Health ($12M/year)
Dr. Gavrila and Scott Melamed came up with the idea for ProMD Health when they met at a conference. Dr. Gavrila had a vision to bring Aesthetic Dermatology to a wider audience and give power back to physicians, while Scott had concerns about his current partnership and saw an opportunity to join forces. They designed the business from the ground up, implemented sound business practices, and developed close relationships with vendors to secure access to the best pricing and improve their bottom line. They also utilized data analysis and targeted specific consumer bases to drive their growth.
How much money it makes: $12M/year
How much did it cost to start: $250K
How many people on the team: 28
ProMD Health is a rapidly expanding aesthetic dermatology business, boasting a CAGR of over 40%, with four offices, a franchise, a philanthropic initiative, a tattoo removal business, a telemedicine company, and more, all while giving power to their physicians through ProMD Development Group.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
