Tattoo Removal Market will grow at CAGR of 16.4% to hit USD 14,113 Million by 2030
Research Reports
May 25, 2022
The Tattoo Removal Market is expected to grow at a CAGR of 16.4% and reach USD 14,113 Million by 2030. The rise of the laser tattoo removal market, in light of an increasing number of aesthetic operations and a rising desire for non-invasive procedures, is boosting the tattoo removal industry. Also, nowadays tattoo regret has become quite common among millennials, prompting them to seek tattoo removal techniques. Various companies around the world refuse to hire people with tattoos, visible ones, such as above the collar, on the face, or below the wrist. These businesses believe that visible tattoos make them appear unprofessional. Such social difficulties are expected to increase the demand for tattoo removal. Other variables contributing to market growth include changing tattoo trends, personal preferences, and inadequate artwork or design.
Pulsed light treatment, Dermabrasion, chemical peels, and plastic surgery are the most effective tattoo removal lasers. Because most of these procedures are safe, non-invasive, and successful, they are gaining favor around the world. In addition, as the global market for facial tattoo removal grows, non-invasive techniques are gaining popularity among consumers. Face tattoo removal necessitates non-invasive treatments with more minor scars and pain.
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Market Segmentation
Based on the Treatment Methods, the global Tattoo Removal Market has been segmented into Laser Therapy, Surgical methods, Topical Creams, and others.
Based on the End-Users, the global Tattoo Removal Market has been segmented into Laser Centers, Dermatology Clinics, and Others.
Based on the Region, the global Tattoo Removal Market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Regional Classification
In the worldwide tattoo removal market, North America is most likely to take the lead. North America’s outstanding market performance is due to a large number of well-equipped tattoo parlors. The North American market benefits from the average person’s high spending power in the region, as well as the growing sales and use of novel tattoo removal solutions. Moving forward, the tattoo removal market in South America has grown dramatically over the years, owing to the increased popularity of medical spas and beauty centers, which are conveniently positioned near famous clubs, coffee shops, and other young attractions.
Companies in the APAC tattoo removal market are constantly pursuing acquisition and merger strategies, which could result in significant growth in the next years. The growing popularity of tattoos in Japan and China, as well as rising per capita disposable income, can be credited for the region’s market growth. According to experts, dragons are quite prominent in Chinese culture, and tattoos based on them have become very popular in the country. In light of changing art and design trends, an increasing number of people are replacing existing tattoos with new ones. With an increasing number of young people opting for trendy tattoo designs and being aware of alternative tattoo removal techniques, India is another major contender in the region.
Industry News
The major key players in the market are Cynosures (the US), Cutera Inc. (the US), Dimyth (China), Syneron Medical Ltd. (the US), Astanza (the US), and Quanta System SpA (Italy), and Lutronic (the US).
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