Cynthia Hine, a vice president for Hylant Group, shared a timeline charting the development of medi-spas at the Professional Liability Underwriting Society international conference in November:
1999: A New York dermatologist first incorporated the term medi-spa in his practice.
2001: The year of the first medi-spa conference.
2002: 200 medi-spas in United States.
2004: 400 medi-spas in United States.
2007: 2,000 medi-spas in United States.
The International Medical Spa Association estimates that growth rate of the medi-spa industry is 15 percent per year, Ms. Hine said, noting that the industry's revenues of $450 million in 2004 were up over $1 billion in 2006.
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