The Worldwide Tattoo Removal Market is well-established and ever-increasing mainly owing to the Tattoo Market which has become main stream. The demand for the Tattoo Removal procedures backed by the prevailing syndrome of tattoo regret drives the Tattoo Removal market predominantly.
Moreover, the poor art work & personal makeover are some of the reasons, encouraging a number of people to get the artwork they inked earlier. Therefore, the Tattoo Removal market is witnessing an extensive traction all around the world.
Acknowledging kind of the growth the market perceives currently; Market Research Future (MRFR) has recently published a study report giving out the complete market forecast up to 2023. In its analysis MRFR asserts that the global Tattoo Removal market furthering the gains, will register a growth of USD 4,794.9 Million by 2023 with a striking double digit CAGR of 15.6% during 2017 to 2023.
In addition, factors contributing the market growth include growing population & urbanization worldwide. Improving economic conditions, globally, are providing impetus to the market growth, increasing consumers’ affordability. Current employment policies in some of the regions don’t expressively taboo the inked body-art actually. However, the presence of tattoo on an employee can leave a differentiating impression, which is more often a negative one. Which could potentially hamper the professional life of that person. This fact of today’s employment market is fostering the laser tattoo removal market significantly.
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Technical advancements transpired in the field have offered many novel procedures, techniques & treatments such as cosmetic laser procedures & laser tattoo removal, etc. Although, Laser tattoo removal have garnered more popularity among the aesthetics community, cosmetic laser procedures are profitable too. The efficacy of these procedures that promise tattoo removal without burns or scarring fuel the market growth to an extent.
Global Tattoo Removal Market – Competitive Landscape
The rapidly growing market for Tattoo Removal is fiercely competitive and fragmented with many well-established as well small & new entrants forming the competitive edge. Innovation, new technology launch and Brand reinforcement remain the popular trends for the key players in the market. The growth statistics of the tattoo market presage the probable heights the market can reach further.
April 19, 2018 – Astanza Laser (US) a global leader for innovative technology for tattoo removal, announced that it has acquired the official distributorship for the DESCRIBE® PFD Patch, offering safer treatment compared to tattoo removal without the Patch.
April 3, 2018 – Abilene Tattoo Removal Clinic (US) announced the addition of the Astanza Eternity laser to their existing Astanza Duality laser treatments, to be able to offer the Astanza Trinity laser treatments to its clients. Thus, the specialty clinic hopes to treat a larger audience of clients and tattoos with this new technology.
Global Tattoo Removal Market – Segments
For the convenience of the report and enhanced understanding; MRFR has segmented the Tattoo Removal market into three key dynamics: –
By Treatment Methods: Including Surgical Method, Laser Therapy, and Topical Creams among other.
By End Users: Dermatology Clinics, and Laser Centers, among other.
By Regions: North America, Europe, APAC and Rest of the World.
Segment Laser therapy on the basis of Treatment Method, accounted for the largest as in 66% of the market share in 2016.
Segment Laser Centers led the global market with the 60.9% of the total market share in 2016.
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Global Tattoo Removal Market – Geographical Analysis:
Globally North America market dominates the Tattoo Removal market with the largest share. This growth attributes to the presence of numerous tattoo studios, tattooists, and the huge tattoo enthusiasts & aficionados populace. Besides the changing nature of consumers helps the growth of the tattoo removal market in the region. Continuing with the same growth trends North America market is estimated to reach USD 1,944.4 Million by 2023.
Whereas Europe stands second largest market for the Tattoo Removal owing to the recent advancements in the laser technology coupled with the augmenting uptake of the laser technology in the European countries.
While Asia-Pacific market is emerging as the rapidly growing market for Tattoo removal owing to the proceedings of related technologies mainly in the countries like India and China and Japan. Backed by the increasing uptake of the Laser therapy for tattoo removal, APAC market is expected to register a phenomenal double digit CAGR of 16.2% during the forecast period.
On the other hand, in the Middle East Tattoo is a Taboo hence not much of scope for the Tattoo removal market. And in Africa, although it’s an indigenous art, people are less likely to go for changing the art once they inked it. Besides affordability is an issue too. Hence Tattoo Removal market witnesses a sluggish growth in Africa.
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