Tattoo Removal Market Overview
Market
Research Future (MRFR)’s Tattoo Removal Market overview report
projects the industry size to touch USD 14,113.68 Million at a CAGR 16.40%
by 2020-2030. The tattoo removal industry benefits from the escalating demand
for laser therapy, rapid increase in aesthetics procedures, and the emerging
demand for non-invasive procedures.
Growth
Drivers and Challenges
‘Tattoo
regret’ has become a common occurrence among millennials, which should propel
the market demand in the ensuing years.
A
vast range of tattoo removing techniques, including pulsed light therapy, laser
therapy, plastic surgery, chemical peels, and dermabrasion are gaining
prominence among consumers. Most of these techniques are safe, non-invasive,
and effective. As a result, the mounting popularity of the said techniques and
the emerging demand for non-invasive procedures are bound to create a favorable
business scenario for the tattoo removal market in the future.
Tattoo
Removal Market Segmentation
There
are a series of treatment methods available in the market, some of which are
laser therapy, topical creams, surgical method, and many more. Laser therapy
has grabbed the biggest portion in the worldwide industry, resulting from the
emergence of innovative laser devices, and the benefit of precise tattoo
removal with lower invasiveness. Laser therapy is touted to be the future of
tattoo removal, considering the surging trend of minimally invasive procedures.
Major
end-users in the global market for tattoo removal include dermatology clinics,
laser centers, among others. Laser therapy has garnered significant popularity
in the tattoo removal market.
Tattoo
Removal Market Regional Insight
North
America will be covering considerable grounds in the next several years, and
attain the highest position in the global market. At present, the region
accounts for the highest share, thanks to the soaring number of tattoo parlors
that use cutting-edge technologies and products. The high disposable incomes of
the consumers in the region coupled with the booming sales of the latest tattoo
removal products will also favor the regional industry in the coming years. On
the other hand, the South American market for tattoo removal will be quite
lucrative in the years ahead, as a result of the mounting popularity of beauty
centers and medical spa, as these are generally located close to
well-frequented coffee shops, clubs, and several youth attractions.
APAC
can be a promising Tattoo Removal Market size, given the
companies’ rising focus on adopting strategies including partnership, mergers
and acquisition to strengthen their position in the region. The huge demand for
tattoos in Japan and China combined with the improving financial conditions in
these countries can be accredited for the business growth. A burgeoning
population is looking for different designs to replace the existing tattoos, in
the wake of evolving art trends. India happens to be another lucrative market
in the region, due to the mounting number of youths going for modern designs
and the rising awareness about the latest devices. In view of these growth
boosters, it is expected that the Asia Pacific market will be thriving.
Tattoo
Removal Market Top Firms
Quanta
System SpA (Italy), Cutera Inc (US), Dimyth (China), Lutronic (US), Astanza
(US), Cynosures (US), Syneron Medical Ltd (US) are the top tattoo removal
products and solutions developers considered in the MRFR’s Tattoo Removal
Market research study.
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