Tattoo Removal Market will register a 12.7% CAGR to reach USD 27,317 million by 2023
May 22, 2019 10:01 PM ET
The global tattoo removal market was valued at $11,614 million in 2016 and is projected to reach $27,317 million by 2023, growing at a CAGR of 12.7% from 2017 to 2023. Tattoo removal is a process of removing a permanent tattoo from the skin. The removal process is undertaken by using laser, surgical, creams, and various other processes. The use of laser techniques for tattoo removal is the predominant tattoo removal process in the industry.
Different type of lasers such as Q-switched ruby laser, Q-Switched Nd-YAG laser, and Q-Switched Alexandrite laser is used to remove black as well as colored tattoos. The other options available for tattoo removal include surgical excision, tattoo removal creams, dermabrasion, plastic surgery, and others. Creams are less painful than laser and surgical procedures to remove tattoos, but, it is time taking and relatively less efficient.
With the increase in the number of people getting inked, the chances for tattoo removal also increases, thus, majorly driving the tattoo removal market. Furthermore, change in preferences and lifestyles of the tattooed people owing to various social and personal situations has surged the tattoo removal process. However, the high cost associated with tattoo removal is anticipated to hinder the market growth. Moreover, with the advancement in technology, a new technique such as intense pulsed light therapy has come into existence and made the new opportunity of market growth.
The tattoo removal market is segmented on the basis of type and geography. By procedure, the market is classified into laser (passive and active (Q-switched) laser), surgical excision (dermabrasion and plastic surgery), creams, and others. By end user, the market is divided into tattoo parlors and skin & dermatology clinics. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Comprehensive competitive analysis and profiles of major market players provided in the report are as follows:
Alma Lasers
Asclepion Laser Technologies GmbH
BISON MEDICAL
Cutera, Inc.
Cynosure, Inc.
Cryomed Aesthetics
Eclipse Lasers Ltd.
LUMENIS
Syneron Inc.
Fotona d.o.o.
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Key Market Segments
By Procedure
Laser
Active Laser
Passive Laser
Surgical Excision
Dermabrasion
Surgical Excision
Creams
Others (Intense Pulsed Light Therapy, Saline, Deep Chemical Peels, and Rejuvi)
By End User
Hospitals
Clinics
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Turkey
South Africa
Egypt
Rest of LAMEA
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