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Tattoo Removal Market Expected to Reach $795 Million by 2027

 

Report Code : A03197

quote The growth of the global tattoo removal market is driven by rise in number of tattoo removal procedures across the globe. Furthermore, surge in demand for laser procedures, wide availability of tattoo removal creams, and rise in public awareness toward tattoo removal procedures are the other factors that contribute to the growth of the market.” quote

Onkar Sumant
Manager, Healthcare at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Tattoo Removal Market by Procedure, and End User: Opportunity Analysis and Industry Forecast, 2020–2027," the global tattoo removal market size was valued at $478 million in 2019, and is projected to reach $795 million by 2027, registering a CAGR of 19.3% from 2020 to 2027.

Tattoo removal is a procedure used to get rid of unwanted tattoos through surgery, laser, creams, and others. Laser beam operates by breaking down ink particles of tattoos to remove the same. However, a surgical procedure involves simply cutting out the skin that is tattooed using scalpel and then stitching the wound. Surgical procedure is mainly used for small tattoos and is generally not considered for large tattoos. In addition, tattoo removal procedure by creams is a slow and painless process to clear inked area of the skin. Among these procedures, the most commonly used technique for tattoo removal is laser procedure, owing to its efficiency, in terms of safety, clearing scar, fading a tattoo, and relatively less pain than surgical procedures.

Rise in number of people who need to remove their tattoos, owing to numerous personal and social reasons is the major factor that boosts the tattoo removal market growth. Moreover, change in lifestyle and taste for better ethical preference of tattooed people also fuel the global tattoo removal market. However, high cost associated with tattoo removal procedures hamper growth of the market. On the contrary, advancements in tattoo removal techniques have resulted in introduction of new procedures such as intense pulsed light (IPL) therapy, representing novel growth opportunities for the tattoo removal market.

Coronavirus (COVID-19) was discovered in late December in Hubei province of Wuhan city in China. The disease is caused by a virus, namely, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), which is transmitted from humans to humans. The COVID-19 pandemic has affected tattoo removal market, as major tattoo removal procedures such as laser and surgical procedures are being postponed, owing to direct contact of physicians to people who want to remove their tattoos. Moreover, decrease in number of tattoo removal procedures may create financial problems for tattoo studios, medical spas, and parlors. Thus, a negative impact of COVID-19 on tattoo removal market is observed.

The global tattoo removal market is segmented into procedure, end user, and region. On the basis of procedure, the market is categorized into laser procedure, surgical procedure, creams, and others. 

The laser procedure segment dominated the global market in 2019, and is anticipated to continue this trend during the forecast period. Key factors such as increase in demand for laser technology, shift in preference of individuals toward laser tattoo removal rather than surgical removals, and various advantages offered by laser procedures have made it a safer and reliable tattoo removal technique.

By end user, it is classified into hospitals, clinics, and others. The clinics segment accounted for maximum market revenue in 2019, and is anticipated to maintain its dominance during the forecast period. This is attributed to preference among individuals for clinics, owing to availability of advanced equipment for tattoo removal as compared to hospitals and other end users and rise in number of tattoo removal clinics across the globe. Moreover, tattoo removal procedures in clinics offer advantages such as presence of skilled professional ensuring minimal scarring, avoidance of wounds, and no loss of skin texture during or after the removal treatment.

Key Findings Of The Study 

  • By procedure, the laser procedure segment held 59.08% share in the global market in 2019.
  • On the basis of end user, the clinics segment held largest tattoo removal market share in 2019, and is expected to remain dominant throughout the forecast period.
  • Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 20.3% during the forecast period. 

Asia-Pacific accounted for the largest share of the global tattoo removal market in 2019, and is expected to experience the highest growth rate during the forecast period, majorly owing to rise in number of people getting tattoos, and subsequently increase in number of people getting their tattoos removed, rise in demand for non-invasive procedures, and high consumer preference for laser treatment.

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quote Tattoo Removal Market by Procedure (Laser Procedure, Surgical Procedure, Creams, and Other Procedures) and End User (Hospitals, Clinics, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

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