Tattoo Removal Market Industry Outlook and Future Scenarios
The increase in the number of people requiring tattoos due to numerous personal and social reasons is the major factor driving the growth of the tattoo removal market. Moreover, lifestyle changes and taste for better moral preferences of tattooed people also drive the global tattoo removal market. However, the high cost associated with the tattoo removal process hinders the growth of the market.
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Asia-Pacific accounted for the largest share of the global tattoo removal market in 2019 and is expected to witness the highest growth during the forecast period, mainly due to an increase in the number of tattooists as people remove their tattoos, demand for non-invasive procedures, and consumer preference for laser treatments.
According to Allied Market Research, the global tattoo removal market was valued at $478 million in 2019 and will register a CAGR of 19.3% from 2020 to 2027, It is estimated to reach $795 million.
Tattoo removal is a process that is used to get rid of unwanted tattoos through surgery, lasers, creams and others. The laser beam works to remove the tattoo ink particles. However, the surgical procedure involves cutting away the tattooed skin using a scalpel and then suturing the wound. Surgical procedures are primarily used for small tattoos and are generally not considered for larger tattoos.
Cream tattoo removal is a slow and painless process to clean the area of ink from the skin. Among these procedures, the most used technique for tattoo removal is the laser procedure, due to its efficiency, in terms of safety, removal of scars, fading of tattoos and relatively less pain than surgical procedures.
Key Findings:
· The laser processing segment accounted for 59.08% of the global market in 2019.
· The clinic segment accounted for the largest market share of tattoo removal in 2019 and is expected to remain dominant throughout the forecast period.
· Asia-Pacific is expected to grow at the highest rate, registering a CAGR of 20.3% during the forecast period.
