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(USA, NY, New York City) Market Research Future (MRFR) projects the Tattoo Removal Market to be valued at USD 4,794.9 Million by 2027. 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. The B&T Magazine has revealed that close to 30.6?males and roughly 28.7% males opt for tattoo removal while over 40.0% of those aged between 18 and 21 with tattoos regret their decisions.
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.
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 study.
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The global tattoo removal market is studied across five major regions: North America, South America, Asia-Pacific, Europe, and Middle East Africa.
The North American regional market for tattoo removal is anticipated to dominate the global market with the largest market share over the years. The region contributes to approximately 39.6% of the net global market share. The growth of the regional market is mainly being driven by the soaring number of well-resourced tattoos parlours. The U.S. is the most dominant country among the rest in the regional market. Additionally, factors like the use of innovative tattoo removal products, the escalating sales, and the high purchasing power of an average person are also likely to fuel the market’s growth over the review timeframe.
The tattoo removal market for the South American region is growing quite evidently due to the increasing popularity of medical spas and beauty centres. They are situated around well-frequented coffee shops, clubs, and various youth attractions.
The Asia-Pacific regional market for tattoo removal is projected to record robust growth over the coming years, owing mainly to adopting several new strategies such as mergers and acquisitions. Additionally, the increasing importance of tattoos in China and Japan coupled with the enhancing capita disposable income of the mass is also expected to positively impact market growth. However, an expanding pool of people is substituting existing tattoos with new ones with new trends and evolving art, which is likely to accelerate market growth over the review period.
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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 of 66% 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. As a result, the laser centers section touched USD 895.2 Million in 2016 and will remain in the lead all through the appraisal period.
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