Med Spa Wellness Boom
Ryan Nguyen@nguyen
+0.7%
since Oct 9
The idea
I believe people will keep paying out of pocket for premium wellness, from weight-loss drugs to Botox, fillers, and skin-tightening treatments. This basket owns the companies behind those treatments rather than the med spas themselves: brand-name GLP-1 makers, the Botox and filler leaders, device makers for skin and body treatments, and a smaller slice of online wellness sellers. It's concentrated for a one-to-two-year window, with some cash held back to add if prices drop.
What it owns
- As regulatory pressure shuts down compounded weight-loss drugs, patients move to brand-name medications from established pharmaceutical companies. · Eli Lilly and CompanyIt makes Zepbound and an approved weight-loss pill, capturing patients whether they choose injections or tablets as compounded alternatives disappear., Novo Nordisk A/SIt makes Wegovy with a recently approved pill form, offering med spas and online clinics a second branded option as compounded semaglutide fades., Amgen Inc.It is developing a next-generation obesity drug, providing exposure to the weight-loss trend without the risks of smaller biotechnology companies., Viking Therapeutics, Inc.Its value centers on an obesity drug candidate with an oral formulation entering trials, offering a higher-risk position in emerging weight-loss treatments.40%
- Rapid weight loss often leaves skin that needs filling and smoothing, driving demand for the injectables that med spas rely on most. · AbbVie Inc.It owns Botox and Juvederm, the two products med spas sell most, and benefits as weight-loss patients seek facial rejuvenation., Evolus, Inc.It makes Jeuveau, a Botox alternative priced for med spas, and grows directly from increased visits as more people seek aesthetic treatments.22%
- Med spas invest in equipment to treat loose skin and reshape bodies after significant weight loss, a growing need as more patients use weight-loss drugs. · InMode Ltd.It sells skin-tightening and body-contouring machines that med spas purchase to treat loose skin left behind after fast weight loss., Apyx Medical CorporationIt makes Renuvion for skin tightening, addressing a growing need as patients experience loose skin following rapid weight loss., Establishment Labs Holdings Inc.It produces breast implants and body-reshaping products that patients often consider after significant weight changes, supported by recent FDA clearance expansion.17%
- These platforms reach the same cash-paying customers who visit med spas, offering weight-loss and wellness treatments through a digital channel. · Hims & Hers Health, Inc.It delivers weight-loss care online for cash payments, competing in the same market med spas serve through a digital model., LifeMD, Inc.It operates an online clinic prescribing GLP-1s and wellness treatments for cash, reaching patients who prefer digital alternatives to in-person med spa visits.12%
- Cash10%