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LI_173537
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Pages: 180
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Aug 2017 | 3910 Views
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Author's :
Shivangi Singh
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Tables: 73
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Tattoo Removal Market was valued at $11,614 million in 2016, and is projected to reach at $27,317 million by 2023, growing at a CAGR of 12.7% from 2017 to 2023. Tattoo is defined as the temporary or permanent mark made on body part by inserting pigment or ink under the skin. It is associated with various sentimental and ritual values of people, since ancient times. Now-a-days, the tattoos market is growing at a phenomenal rate, leading to upsurge in the tattoo removal market as well. There are several tattoo removal procedures, which include laser, surgical, creams, and others (intense pulsed light therapy, saline, deep chemical peels, and rejuvi). Among these, laser is the widely preferred method owing to its accuracy in removing tattoos and relatively lesser side effects, while surgical procedure such as dermabrasion & surgical excision is a long healing and painful process. Moreover, tattoo removal creams are also available in the market. Usage of these creams is painless, however, time taking, but they have various side effects depending upon the skin type, and the removal is not precise.
People tend to get rid of their tattoos due to various reasons. Some of these include career purposes, social conditions, personal situations, and more, which has been the key driver for tattoo removal market. Moreover, change in the lifestyle and constantly changing trends has increased the demand for tattoo removal in the market. However, high cost and the various side effects associated with tattoo removal procedures hinder the growth of the tattoo removal market. Further, technological advancement of laser methods lead to development of new ways to remove tattoo such as intense pulsed light therapy, which has unlocked new opportunities for the growth of the market.
Segment Review
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The tattoo removal market is segmented on the basis of procedure, end user, and geography. By procedure, the market is categorized into laser (passive & active laser), surgical (dermabrasion & surgical excision), creams, and others (intense pulsed light therapy, saline, deep chemical peels, and rejuvi). By end user, the market is classified into hospitals, clinics, and others (tattoo shops and parlors). By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA as well as among its major countries.
Top Investment Pocket, by Procedure
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The laser procedure of tattoo removal is the most prevalent and attractive segment owing to its effectivity and minimal side effects, while erasing tattoo. The different type of lasers used in the tattoo removal industry include Q-switched ruby laser, Q-Switched Nd-YAG laser, and Q-Switched Alexandrite laser. These are used to remove black as well as colored tattoos in approximate seven or more sessions or visits. Also, this procedure is anticipated to grow at the highest growth rate during the forecast period.
Global Tattoo Removal Market, by Geography
North America dominated the global tattoo removal market occupying nearly half of the share in 2016, registering the highest CAGR of around 13.3% during the forecast period. Europe witnessed the significant CAGR of 12.8% and the second highest share in the global market, owing to rise in regrets for tattoos followed by increase in demand for its removal.
The South Africa tattoo removal market was valued at $87 million in 2016, and is expected to grow at a CAGR of 10.3% during the forecast period.
South Africa Tattoo Removal Market, 2016-2023 ($Million)
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The key players operating in the tattoo removal are Alma Lasers, Asclepion Laser Technologies GmbH, BISON MEDICAL, Cutera, Inc., Cynosure, Inc., Cryomed Aesthetics, Eclipse Lasers Ltd., LUMENIS, Syneron Inc., and Fotona d.o.o.
Other players in the value chain include Advance Medical Systems, Astanza Laser, AYALASERS, Dimyth Beauty Equipment Manufacturer, Light Age Inc., LUTRONIC, Quanta Aesthetic Lasers USA, WONTECH, and Yuwei Laser Technology Co., Ltd.
Key Benefits:
Tattoos are usually permanent marks made through insertion of colored pigments into small & deep holes of the skin. Its removal is a fast-growing market owing to different factors, such as fading of tattoo, change in trends & taste of people, change in environment or profession, and others. The aforementioned factors make people to look for a reliable way to erase their inks. The black-inked designs are easily removed, while colored inks require extra efforts for its removal. Thus, sometimes a complete tattoo removal involves high cost, numerous treatment sessions, and a lot of weeks.
Laser tattoo removal is the most prevalent procedure of erasing tattoos occupying more than half of the market share in the global tattoo removal market. Also, it is the fastest growing segment during the analysis period. Tattoo removal creams and lotions occupy the second highest position in the market owing to ease of availability and application.
North America is the leading region, occupying maximum share in the global tattoo removal market owing to growing tattoo regrets followed by its removal. Technological advancement and high disposable income are the other factors supporting the market growth in the region. Further, Europe is anticipated to grow at a significant CAGR and second highest share in the market.
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