Global Tattoo Removal Market To Be Driven By The Growing Popularity Of Laser Surgeries In The Forecast Period Of 2023-2028
The new report by Expert Market Research titled, ‘Global Tattoo Removal Market Share, Size, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global tattoo removal market, assessing the market based on its segments like procedures, end users, and regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2020): USD 19.1 billion
- Forecast CAGR (2023-2028): 12.1%
- Forecast Market Size (2026): USD 39.1 billion
The tattoo removal market is being driven by the growing popularity of laser surgeries, which help in the removal of tattoos with various colours, including red, black, blue, and green, among others. Different types of lasers used in the laser surgery, including QS ruby laser (694 nm), QS Nd: YAG laser (532 nm, 1064 nm) and the QS alexandrite laser (755 nm), are known to be effective in dermatology practices and are less painful to the patients.
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Over the forecast period, the easy availability of tattoo removal services in hospitals and clinics is likely to aid the market growth. In terms of region, the Asia Pacific accounts for a significant share and is anticipated to attain a considerable growth in the forecast period as well. This can be attributed to the rapid development of hospitals and clinics in the region, which is enhancing the availability of dermatologists and tattoo removal specialists.
Tattoo Removal Industry Definition and Major Segments
Tattoo removal is defined as a set of procedures aimed towards removing the permanent tattoos on any part of the body. The removal can be carried out using various methods including laser surgeries, surgical removal, and dermabrasion.
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On the basis of procedure, the market is segmented into:
- Laser Procedure
- Surgical Procedure
- Creams
- Others
The significant end users include:
- Hospitals
- Clinics
- Others
The regional markets for tattoo removal include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Tattoo Removal Market Trends
The growing research and development activities aimed towards the development of non-invasive tattoo removal procedures is likely to be a key trend in the market. Over the forecast period, the market is estimated to be aided by the growing efforts by dermatologists and doctors specialising in tattoo removal towards reducing the side-effects of the associated procedures.
The technological advancements in the healthcare infrastructure in emerging economies of the world, which is also leading to an increased awareness regarding the availability of tattoo removal procedures, are likely to be another factor propelling the market.
Key Market Players
The major players in the market are AGIC Capital (FOTONA D.O.O.), Bison Medical., Candela Corporation, CryoMed Aesthetics, Cutera, INC., and Cynosure, INC., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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