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The tattoo removal market size is estimated to grow at a CAGR of 7.58% between 2022 and 2027. The market size is forecast to increase by USD 117.09 million. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.
Growing tattoo regret and dissatisfaction is a significant drivers shaping the global tattoo removal market. The tattoo removal device market is expected to grow due to the very high rate of tattoo regret among millennials. Visible tattoos in the workplace can hinder career advancement or limit job opportunities in companies with conservative policies on appearance. In such cases, individuals may seek tattoo removal to tailor their appearance to their career aspirations, reduce the risk of tattoo-related discrimination, and improve their ability to employability. Hence, the growing regret and dissatisfaction with tattoos is one of the key drivers that will fuel the growth of the global tattoo removal market during the forecast period
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Manufacturers and researchers are constantly working to improve laser technology, develop new lasers, and optimize processing parameters. For example, in March 2022, the Delete method was introduced by Delete Tattoo Removal and Medical Salon. The common negative effects of conventional laser tattoo removal methods, such as scarring, skin whitening, burns, and tanning, are minimized with this specific laser. As a result, the global tattoo removal market is changing rapidly, driven by a combination of technological advancements, research results, and growing consumer interest. Market players that remain at the forefront of these developments are capable of providing innovative and effective tattoo removal solutions, attracting more customers, and supporting the growth of the global tattoo removal market during the forecast period.
While laser tattoo removal is generally considered safe when performed by trained professionals, it is not without risks. One of the most common side effects is temporary skin redness and mild swelling at the treatment site immediately after the procedure. However, for some people with sensitive skin, these side effects may last a little longer. Another potential side effect of laser tattoo removal is blistering. In addition, in some cases, especially when treatment is not correct or when the patient does not follow aftercare instructions, scarring may occur. Therefore, some risks associated with tattoo removal could become major challenges that will impede the growth of the global tattoo removal market during the forecast period.
The market share growth by the dermatology clinics segment will be significant during the forecast period. A dermatology clinic is a specialized medical facility that focuses on the diagnosis and treatment of various skin conditions. These clinics are equipped with advanced laser and energy equipment, and they employ trained dermatologists and medical professionals to perform tattoo removal procedures.
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The dermatology clinics segment was valued at USD 113.09 million in 2017 and continued to grow until 2021. Dermatology clinics are preferred by those seeking tattoo removal services due to the expertise and medical knowledge of their doctors, which can ensure safe and effective treatments. Dermatologists have the necessary medical skills to ensure that scarring, skin texture changes, burns, and other injuries are avoided before or after therapy, improving procedure safety and promoting segment growth. Therefore, the presence of skilled dermatologists is expected to fuel the growth of the dermatology clinics segment in the market during the forecast period.
Laser tattoo removal is the most common and widely accepted method of removing unwanted tattoos from the skin. This procedure uses an intense laser beam to break up tattoo ink particles present in the dermal layer of the skin. Furthermore, the procedure is relatively safe and minimally invasive, reducing the risk of scarring compared with other removal methods, such as surgical excision or dermabrasion. The Q-switched Nd-YAG laser, the Q-switched ruby laser, and the Q-switched Alexandrite laser are just a few of the many types of lasers available in the market. Accordingly, it is expected that the use of laser systems in tattoo removal treatment will be expanded over time. Therefore, such factors will drive the growth of the segment during the forecast period
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Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Factors such as the well-established healthcare system, the presence of well-known market players, and increased investment in R&D activities drive the tattoo removal market growth in North America. Demand for advanced tattoo removal techniques is expected to increase in the region due to technological developments in countries in the region. To increase their market share, market players in the US are taking various approaches including partnerships, collaborations, and mergers. In addition, the growing presence in the region is another factor influencing the growth of the market. Hence, such factors will drive the growth of the market in this region during the forecast period.
In 2020, the outbreak of COVID-19 severely affected the growth of the tattoo removal market in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the pent-up demand for tattoo removal services. Moreover, those who have delayed tattoo removal during the pandemic can now seek treatment as the situation improves. So as economic conditions improve and a sense of normalcy returns, consumer confidence may increase. This could lead to increased spending on discretionary services such as tattoo removal, which will drive the growth of the North American tattoo removal market during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Tattoo Removal Market Scope |
|
Report Coverage |
Details |
Page number |
148 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.58% |
Market growth 2023-2027 |
USD 117.09 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
7.42 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 39% |
Key countries |
US, Canada, China, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AbbVie Inc., Alma Lasers Ltd., Astanza Laser, Bausch Health Companies Inc., BISON Medical, Candela Corp., Cutera Inc., Cynosure LLC, DEKA M.E.L.A. S.r.l., Dimyth, EBOS Medical Devices Australia Pty Ltd., El.En. S.p.A., Fotona d.o.o, Jeisys Medical Inc., LINLINE Medical Systems, Lumenis Be Ltd., Lutronic Inc., Lynton Lasers Ltd., Quanta System S.p.A., and Venus Concept Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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