7 Dermatology Business Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Start A Dermatology Business

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.

Here are some real life success stories of starting a dermatology business:

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 they make: $12M/year
How much did it cost to start: $250K
Current team size: 28

How We Started A $700K/Month Aesthetic Dermatology Business

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.

About

Scott started ProMD Health over 5 years ago

Revenue

Scott grew the business to $1M/month

Costs

It cost Scott $250000 to start the business

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Starting A Dermatology Business: Everything You Need To Know

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So... can you actually make money with a dermatology business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

4. Columbia University

The Department of Dermatology encompasses outstanding patient care, academic programs, and research programs aimed at developing new cures and treatments for skin disorders.

Where they're located: Manhattan Community Board 1, New York, USA

5. American Academy of Dermatology

Where they're located: Guarantã do Norte, Mato Grosso, Brazil
Website traffic: 2.95M/month

So... can you actually make money with a dermatology business?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. Galderma

Galderma

Where they're located: In Salah, In Salah, Algeria
Website traffic: 120K/month