Global Tattoo Removal Market Growth, Share and Size Analysis By Treatment (Laser Therapy, Surgical Method, Topical Creams), End-User (Laser Center and Dermatology Clinic), Forecast till 2023
The tattoo removal market is anticipated to grow by USD 4,794.9 Million at a CAGR of 15.6% during the forecast period. The global tattoo removal market is driven by the rising trend of tattooing and increasing per capita disposable income.
The growing adoption of laser treatments to boost aesthetic appeal is expected to be a significant factor that can augment the tattoo removal business. The rising demand for non-invasive methods to remove tattoos can increase the demand for the same, which is anticipated to actuate the market during the review period. In addition, the increasing prevalence of ‘tattoo regret’ is likely to fuel the demand for efficient tattoo removal technologies that can strengthen the market.
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These factors have helped shape the tattoo removal market and are expected to boost the growth. Companies in the tattoo removal market could also face challenges such as high costs of laser therapies and concerns regarding scar and pain-related issues. The details covered in the tattoo removal market report cover all the aspects of the industry. tattoo removal market analysts have also shared growth projections in the report and have suggested tattoo removal market players to plan growth strategies accordingly.
The global tattoo removal market has been segmented based on end-users and treatment. On the basis of end users, the market for tattoo removal is segmented based on laser center and dermatology clinic. Additionally, the market on the basis of treatment, is segmented into surgical method, topical creams and others, laser therapy.
Factors like high spending power and growing acceptance for body art support the tattoo removal market growth. The performance of the tattoo removal market has also been studied for the past and current years. Additionally, the tattoo removal market report provides analysis of these segments. The tattoo removal market segmental analysis provided in the report offers major details about the tattoo removal market performance and future.
Based on the region, the global tattoo removal market is segmented into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).
As per the assessment, the global market for tattoo removal is anticipated to be dominated by North America by procuring the largest market share of 39.6% during the forecast period. The presence of renowned key players in the region is expected to be a salient cause that can grow the regional market during the forecast period. Furthermore, the rising demand for tattoo removal owing to ‘tattoo regret’ is likely to augment the regional market in the coming period.
The APAC region is anticipated to be the fastest-growing regional market, expanding at a CAGR of 16.2% during the review period. The growing demand to remove tattoos from the body owing to the rising disposable income. The presence of emerging economies like India and China are predicted to play a crucial role in developing the regional market. Furthermore, the social stigma associated with tattoos among conservative societies is another important factor, which can strengthen the regional market in the forthcoming period.
Europe is likely to acquire significant market value during the forecast period owing to the rising awareness about tattoo removal methods. The application of laser technologies is another factor that is expected to grow the regional market. Furthermore, the rise in disposable income is anticipated to be another salient cause that can propel the regional market during the review period.
The MEA region is projected to acquire a small market share during the forecast period owing to the lack of awareness. The presence of underdeveloped African nations is likely to pose as a hindrance to the market expansion in the coming period.
The tattoo removal market is supported by strict corporate policies. The population growth around the world and increasing demand of tattoo removal market based services and products also support the market growth. However, the tattoo removal market growth can be affected due to safety and health concerns. The report covers all such details which will help companies in the tattoo removal market to strengthen their business plan and improve their product portfolio. The tattoo removal market research report also provides company profiles of major companies. The company profiles of many organizations operating in the tattoo removal market report highlights crucial details like company size, revenue growth, and details of mergers and acquisitions taking place in the tattoo removal market. New companies and established businesses can plan their strategies based on this data provided in the tattoo removal market research report.
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A Houston-based organization recruited a new boss with expertise in selling medical equipment prior to the expected commercial launch next year. Soliton Inc. (Nasdaq: SOLY), a medical device corporation focusing on the aesthetics market, headquartered in Houston, hired Brad Hauser effective Nov. 2 as its new president and CEO. In 2018, Hauser, who is based in the San Francisco Bay Area, joined the board of directors of Soliton. Hauser took over leadership roles at Soliton from Dr. Chris Capelli, who, after the firm went public in February 2019, became CEO and chief scientific officer. Capelli will move on to become vice chairman of the board and will continue to direct the research and development activities of Soliton.
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