Tattoo Removal Market Overview
Market Research Future (MRFR)’s Tattoo Removal Market insights 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.
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.
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.
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 outlook study.
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)