Considering the Kind of the Growth the Market Perceives Currently; Market Research Future (MRFR) in its Recently Published Analysis Asserts that the Global Tattoo Removal Market will Reach USD 4,794.9 MN by 2023 Registering a Striking Double-Digit CAGR of 15.6% Throughout the Forecast period (2017 to 2023).
Tattoo Removal Market – Overview
The tattoo removal market appears to be a well-established and ever-increasing space since the tattoo market has become mainstream. Factors such as the increasing demand for the tattoo removal procedures led by the prevailing tattoo regret syndrome drive the growth of the market, predominantly. Moreover, the poor artwork & personal makeover are some of the reasons, encouraging a number of people to get the artwork they inked earlier. These factors are commutatively escalating the market on the global platform.
Additional factors contributing to market growth are the growing population and urbanization worldwide. The improving economic conditions, globally, are providing impetus to market growth, increasing consumers’ purchasing power.
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Recent advancements in technology transpired in the field of medical science and devices have offered many novel approaches, techniques & treatments such as cosmetic laser procedures and laser tattoo removal, etc. Laser tattoo removal has garnered significant popularity among the aesthetics community, and these are profitable too. Moreover, the efficacies of these procedures that promise tattoo removal without scarring or burn are fueling the market growth to an extent.
Stringent employment policies in some of the regions don’t expressively taboo the inked body-art; however, tattooed employees are not preferred much due to the differentiating impression they leave, which more often than not is a negative one. This consequently fosters the laser tattoo removal market significantly, hampering the professional life of that person.
Global Tattoo Removal Market – Competitive Landscape
Fiercely competitive, the tattoo removal market appears to be fragmented with the presence of many well-established as well as small players. New technique/technology launch, innovation, and brand reinforcement remain the popular trends of the key players operating in the market. Statistics of the growth of the tattoo market presage the probable heights the market can reach further.
Key players leading the global tattoo removal market include Cutera Inc, Astanza, CynoSure, Lutronic, Dimyth, Quanta System S.p.A., and Syneron Medical Ltd. among others.
April 04, 2019 – Soliton, Inc., (the US), a medical device company with a novel and proprietary platform technology announced that its Acoustic Shockwave Technology – Rapid Pulse Electrohydraulic (Eh) Shockwave Generator Apparatus & Methods for Medical and Cosmetic Treatments has been granted a patent in Europe. The Patent is eligible for validation in 38 European countries.
Clinical trials of uses of RAP device for tattoo removals have demonstrated that RAP in conjunction with a Q-Switched laser, allows multiple passes of laser treatment in a single treatment session. The trending technique of tattoo removal is using a Q-Switched laser to ablate the ink particles into pieces that are small enough for the body’s natural processes to remove them.
March 7, 2019 —- Astanza Laser (the US), a leader in lasers for tattoo removal, hair removal, and additional aesthetic procedures announced the expansion of its product line by adding the latest technology for skin resurfacing and ablative/non-ablative procedures – the Astanza DermaBlate.
Astanza’s DermaBlate has proven itself to be the gold standard for dermatological treatments. As one of the best-performing Erbium: YAG lasers, the DermaBlate is considered as the most versatile, potent, and controllable erbium laser in the world.
Global Tattoo Removal Market – Segments
For ease of understanding, the report has been segmented into three key dynamics: –
By Treatment Method : Including Surgical Method, Laser Therapy, and Topical Creams among other.
By End-user : Dermatology Clinics, and Laser Centers, among other.
By Regions : North America, Europe, Asia Pacific, and the Rest-of-the-World.
Global Tattoo Removal Market – Geographical Analysis
North American region heading with the vast number of tattoo enthusiasts & aficionados populaces accounts for the leading market in the global tattoo removal market.
Factors attributing to the growth of the regional market include the presence of numerous tattoo studios and tattooists. Simultaneously, the changing nature of consumers helps the market in the region to grow further. The tattoo removal market in North America is estimated to reach USD 1,944.4 MN by 2023.
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The tattoo removal market in the European region accounts for the second largest market, globally. Factors such as the recent advancements in laser technology and its massive uptake of this technology for tattoo removal procedures drive the regional market.
The Asia Pacific tattoo removal market is rapidly emerging as a profitable market, globally. Factors that are helping the regional market to boost include the rapid development in technology and medical science mainly in countries like India, China, and Japan. Due to the increasing uptake of laser therapy for tattoo removal, the APAC market is expected to register a CAGR of 16.2% throughout the forecast period.
In the Middle East, a Tattoo is considered as a Taboo; hence the tattoo removal market doesn’t perceive much of scope for the growth. Whereas in Africa, since tattooing is an indigenous art, people are less likely to go for a change once they inked it. Besides affording the cost of the tattoo removal procedure is also an issue. Hence the tattoo removal market in the MEA region is expected to witness a sluggish growth.
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