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2020
Tattoo Removal Market

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

Report Code: A03197
Pages: 164
Oct 2020 | 29344 Views
Author(s) : Sagar M, Sushant T , Onkar S
Tables: 91
Charts: 24
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Tattoo Removal Market Overview:

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.

Laser procedure segment is expected to witness a decline. This is due to a drop in number of tattoo removal procedures conducted as the lockdowns lead closure of clinics that perform laser tattoo removal procedures as it comes under elective procedure.

Tattoos are temporary or permanent markings on the skin. Majority people who are getting their skin tattooed are aged 18 to 24 years. Tattoo removal is a procedure of removing permanent tattoos from skin. Tattoo removal procedure is undertaken by using surgical, laser, creams, and other procedures. Other procedures include intense pulsed light (IPL) therapy, deep chemical peels, and Rejuvi. There are different types of lasers such as Q-Switched Nd-YAG laser, Q-Switched Alexandrite laser, and Q-switched ruby laser used to remove black as well as colored tattoos.

Tattoo-Removal-Market,-2020-2027

Increase in number of tattoo removal procedure, rise in adoption of laser tattoo removal procedures, surge in preferences for minimally invasive techniques, and increase in public awareness toward tattoo removal procedures are the major factors that drive growth of the tattoo removal market. In addition, change in lifestyle and constantly changing fashion trends has raised the demand for tattoo removal in the market. Moreover, wide availability of tattoo removal creams and introduction of multicolor tattoo removal equipment are some other factors that contribute toward growth of the market. However, high cost associated with tattoo removal procedures is expected to restrain the market growth. Moreover, technological advancements in tattoo removal methods such as intense pulsed light therapy are anticipated to offer high growth potential for the tattoo removal market during the forecast period.

The World Health Organization (WHO) on January 30, 2020 declared COVID-19 outbreak a public health emergency of international concern. COVID-19 has affected around 210 countries across the globe. The COVID-19 pandemic has affected tattoo removal clinics, tattoo studios, medical spas, and parlors, owing to shutdowns in various COVID-19 affected countries and rise in number of healthcare workers falling ill in the pandemic. Decrease in number of tattoo removal procedures was observed, owing to COVID-19 pandemic. Presently, non-urgent visits of people are discouraged in clinics and elective tattoo removal procedures are being postponed. Thus, a negative impact of COVID-19 on tattoo removal market is observed.

Tattoo Removal Market Segmentation  

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 other procedures. By end user, it is classified into hospitals, clinics, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Tattoo Removal Market
By Procedure

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Laser Procedure segment holds a dominant position in 2019 and would continue to maintain the lead over the forecast period.

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Segment review 

Presently, on the basis of procedure, the laser procedure is the major revenue contributor, and is projected to grow significantly during the forecast period. Rise in public awareness toward tattoo removal lasers, faster recovery, easy treatment with new tattoo removal lasers, less side effects as compared to surgeries, and rise in number of laser tattoo removal procedures boost the demand for laser technology over other procedures available for tattoo removals. Moreover, laser tattoo removal procedure completely eliminates tattoos, without leaving scars.

Depending on end user, the clinics segment is the major shareholder in the global tattoo removal market, owing to rise in preference among individuals for clinics, owing to availability of advanced equipment for tattoo removal as compared to hospitals and other end users. Moreover, large number of tattoo removal procedures performed in clinics and rise in demand for tattoo removal devices in aesthetics or dermatology clinics are anticipated to drive the tattoo removal market growth. Moreover, tattoo removal procedures in clinics provide 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. Thus, rise in demand for safe and effective procedures facilitate growth of the segment.

Tattoo Removal Market
By End User

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Clinics segment is projected as one of the most lucrative segment.

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Snapshot of Asia-Pacific tattoo removal market  

Asia-Pacific presents lucrative opportunities for key players operating in the tattoo removal market, owing to rise in number of tattoo removal procedures, surge in adoption of Q-Switched laser system, availability of advanced healthcare facilities with trained medical professionals, rise in number of R&D activities to develop novel laser systems, rise in demand for non-invasive procedures, high consumer preference for laser treatment, and increase in number of tattoo removal clinics. Moreover, tattoo removals owing to personal and professional reasons also boost the market growth. Moreover, surge in focus of leading manufacturers on expanding their geographical presence in emerging Asia-Pacific countries to capture high market share is expected to drive growth of the tattoo removal market in the region.

The key players profiled in this report include Agic Capital (Fotona D.O.O.), Bison Medical, Candela Corporation, Cryomed Aesthetics, Cutera, Inc., Cynosure, Inc., Fosun Pharma (Alma Lasers), Lumenis Ltd., Lutronic Corporation, and The Global Beauty Group.

Tattoo Removal Market
By Region

2027
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific region would exhibit the highest CAGR of 20.3% during 2019-2026.

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Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the tattoo removal market size along with the current trends and future estimations to elucidate the imminent investment pockets.
  • It offers tattoo removal market analysis from 2019 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
  • A comprehensive analysis of four regions is provided to determine the prevailing opportunities.
  • The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook and global tattoo removal market growth.

Tattoo Removal Market Report Highlights

Aspects Details
By Procedures
  • Laser Procedure
  • Surgical Procedure
  • Creams
  • Other Procedures
By End User
  • Hospitals
  • Clinics
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Spain, Rest of Europe)
  • Asia-Pacific  (Japan, China, Australia, India, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Key Market Players AGIC CAPITAL (FOTONA D.O.O.), BISON MEDICAL, CANDELA CORPORATION, CRYOMED AESTHETICS, CUTERA, INC., CYNOSURE, INC., FOSUN PHARMA (ALMA LASERS), LUMENIS LTD., LUTRONIC CORPORATION, THE GLOBAL BEAUTY GROUP
 

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Tattoo is a permanent or temporary mark made on body, which is inked by inserting ink under the skin. People tend to get rid of their tattoos, owing to many reasons such as social environment, career purposes, change in lifestyle, and personal situations. Thus, people pursue for a reliable way to remove their tattoos. Colored tattoos require extra efforts for removal, while black-inked designs are easily removed. Laser procedure is the most common tattoo removal procedure adopted to remove tattoos, and it is anticipated to grow at the highest rate during the forecast period. Rise in government support for R&D of novel tattoo removal lasers, increase in adoption of non-invasive tattoo removal procedures, and surge in demand for tattoo removal techniques in aesthetic or dermatology clinics are expected to drive growth of the tattoo removal market

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FREQUENTLY ASKED QUESTIONS?

A. The total market value of Tattoo Removal market is $477.81 million in 2019.

A. The forcast period for Tattoo Removal market is 2020 to 2027

A. The market value of Tattoo Removal market in 2020 is $230.64 million.

A. The base year is 2019 in Tattoo Removal market

A. Top companies such as Agic Capital (Fotona d.o.o.), Candela Corporation, Bison Medical, Fosun Pharma (Alma Lasers), Lutronic Corporation, and Cryomed Aesthetics held a high market position in 2019. These key players held a high market postion owing to the strong geographical foothold in different regions.

A. Laser procedures segment is the most influencing segment owing to rise in public awareness toward tattoo removal lasers, faster recovery, easy treatment with new tattoo removal lasers, less side effects as compared to surgeries, and rise in number of laser tattoo removal procedures boost the demand for laser technology over other procedures available for tattoo removals

A. Increase in trend of tattooing among young population and introduction of effective tattoo removal treatments. In addition, change in preferences and lifestyles of tattooed people, owing to various social and personal situations, has increased tattoo removal procedures across the globe. Moreover, increase in public awareness toward tattoo removal lasers, surge in number of laser tattoo removal procedures, and wide availability of tattoo removal creams also drive growth of the tattoo removal market

A. Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the following emerging countries such as India with a CAGR of 21.4%. This is due to rise in number of people getting tattoos, growth in need for tattoo removal, and increase in adoption of tattoo removal equipment in dermatology clinics. In addition, surge in focus of leading manufacturers on expanding their geographical presence in emerging Asia-Pacific countries to capture high growth opportunities also boost growth of the market.

A. Tattoo is a permanent or temporary mark made on body, which is inked by inserting ink under the skin

A. Tattoo removal is a procedure used to get rid of unwanted tattoos through surgery, laser, creams, and others

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