Tattoo Removal Market Overview
Market Research Future (MRFR)’s Tattoo Removal Market trends report, the industry size was estimated to be USD 4.5 Billion in 2022. Tattoo Removal industry is expected to increase from USD 5.23 Billion in 2023 to USD 17.65 Billion by 2032, at a compound annual growth rate (CAGR) of 16.40% during the forecast period (2023 - 2032).
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.
Market Segmentation
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. As we delve deeper into the tattoo industry market analysis, laser therapy has gained substantial appeal in the tattoo removal market.
Regional Insight
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.
Top Firms
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.
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