Tattoo Removal Market Overview
Over the years, skin tattoo as fashion trend as grown considerably all over the world. This has also led to an increased demand for tattoo removal procedures. Market Research Future (MRFR) is expected to exhibit a compound annual growth rate (CAGR) of 16.40% between 2022 and 2030. The market is expected to surpass a valuation of USD 4,700 Mn towards the end of forecast period.
Tattoo culture is present all over the world in various forms such as body art, fashion, tradition, etc. It is popular among both young generation and elderly popularly. However, many a times, the tattoos may not give the desired satisfaction which subsequently requires removal procedures. The reasons for tattoo removal can vary from person-to-person. Advances in removal technologies has encouraged more people to opt for such procedures. Emphasis is being placed on developing effective laser technologies that are less painful and cost-effective. The aforementioned factors are propelling the Tattoo Removal Market.
Military laws are continually changing and can make enrollment difficult or impossible without the removal of tattoos. Some tattoo enthusiasts prefer to remove old tattoo pieces so they can replace them with new ones, thus driving growth.The high costs associated with tattoo removal procedure along with the pain and number of sittings required to successfully break the ink down pose challenges to the growth of the tattoo removal market. Moreover, some consumers prefer to alter the original tattoo or tattoo over it as it is significantly cheaper than laser therapy.
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Tattoo Removal Market Market Segmentation
Segmental analysis of the global tattoo market allows a comprehensive view of the market and has been done by treatment method, end-user, and region.
By treatment type, the market has been segregated into laser therapy, surgical method, topical creams and others. The laser therapy segment commanded 66% of the total market share in 2016 and is likely to maintain its dominance in the coming years.
By end-user, the market has been divided to include laser centers, dermatology clinics, and others. Of these, the laser center segment led the market with a share of 60.9% in 2016.
The popularity of laser treatment and centers is due to the high efficiency of the process combined with safety and low incidence of side effects.
By region, the global market has been divided into North America, Europe, the Asia-Pacific and the Middle East and Africa.
Tattoo Removal Market Market Regional Analysis
North America leads the global tattoo removal market due to the existence of a large number of tattoo parlors and the widespread popularity of tattoos in the region. Due to a high rate of tattooed individuals, the rate for tattoo removal is also relatively high compared to other regions. Changing laws, trends and a high unemployment rate have motivated growth of the tattoo removal market in the region.
Europe closely follows North America's lead in the market for tattoo removal. Recent advancements in laser technology have led to increased use of the same for tattoo removal, thus facilitating growth.
Asia Pacific is anticipated to grow at the highest CAGR during the forecast period. Several countries in the region use tattoos for cultural reasons, combined with the demand for tattoos as a form of self-expression, the tattoo market in APAC is a flourishing one, and as a result, the tattoo removal market is growing proportionally.
Tattoo Removal Market Market Players
- Astanza, CynoSure
- Cutera Inc.
- Dimyth Lutronic,
- Quanta System S.p.A.
- Syneron Medical Ltd.
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