The World over, tattoos are identified as a form of self-expression and in some countries they hold strong cultural significance, making them exceedingly common in the recent times. The popularity of tattoos has proportionally seen growth for the tattoo removal market as many tattoos are often procured at a young age which, with time, may seem distasteful to the concerned individual. According to Market Research Future (MRFR), the Global Tattoo Removal Market is expected to grow at significant CAGR of 15.6% during the assessment period of 2017 to 2023 and grow to value approximately USD 4.79 billion by 2023.
Some employment policies do not allow or hire employees with tattoos that are visibly available, growing unemployment rates have made the job market increasingly competitive which has indirectly fueled the growth of the tattoo removal market. Possession of tattoos can lead to discrimination and affect one’s personal and professional life, stressing the need for well-thought-out ink. However, the reality is that many young consumers get tattoos cheaply and of poor quality or tattoos which lose their significance over time, becoming a source of regret. This has led growth for the tattoo removal market and increased the demand for efficient procedures.
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.
The development of injectable tattoo removal therapy and advancements in laser technology is expected to provide the market with more room to grow and address challenges that the market currently faces.
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Global Tattoo Removal Market – Key Players
The major participants of this market are Astanza, Cutera Inc, CynoSure, Dimyth, Lutronic, Syneron Medical Ltd., and Quanta System S.p.A.
Global Tattoo Removal Market – Latest Industry News
Lumenis Ltd. is expecting to launch PiQo4 in India. The device is an advanced laser tattoo removal machine which allows better dispersion of embedded ink particles while reducing chances of blisters and scarring. Faster treatment, shorter sessions and effective skin toning and rejuvenation are some of the positive effects associated with this advanced machine.
Global Tattoo Removal 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.
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Global Tattoo Removal 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.
Major Table of Content
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope of the Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
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