Evaluating Aesthetics: MedSpa Growth and Strategic Consolidation
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Evaluating Aesthetics: MedSpa Growth and Strategic Consolidation
The MedSpa industry is experiencing steady growth and ongoing transformation, fueled by evolving consumer preferences, technological advancements, and innovative service offerings. The increasing demand for personalized and non-invasive treatments has broadened the industry’s appeal, particularly among its predominantly female consumer base, which makes up nearly 90% of the market. This trend is reflected in the consistent expansion of MedSpa locations in the U.S., rising from 8,899 in 2022 to 10,488 in 20231.
This report explores the key drivers behind the industry’s sustained growth, recent innovations, and the current M&A landscape and outlook.
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