Tattoo Removal Market is set to reach $27,317 million by 2023, with a growing CAGR of 12.7%.
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Increase in number of people who wish to remove tattoos owing to personal reasons and ethical issues against tattooing have boosted the growth of the global tattoo removal market. However, high cost of tattoo removal procedures hampers the market growth. On the contrary, rapid technological developments in tattoo removal procedures such as intense pulsed light therapy expected to create lucrative opportunities for the market players in the coming future.
The leading players profiled in the global tattoo removal market report include
Asclepion Laser Technologies GmbH
LUMENIS and Fotona d.o.o.
Eclipse Lasers Ltd.
These market players adopted several market strategies such as partnerships, mergers & acquisitions, and new product launch to maintain their foothold in the market.
According to tattoo removal procedures, the report splits into laser, surgical, creams, and others. The laser procedure segment held the largest share in the market, contributing more than half of the total market revenue, owing to various advantages offered by laser machines making the procedures safer and reliable. The other segments are also expected to portray gradual growth during the forecast period.
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Based on end user, the report is bifurcated into hospitals, clinics, and others. The tattoo removal clinics segment is expected to garner largest market share and portray the fastest growth rate, owing to better service quality and skilled personals to remove tattoo available in the clinics.
On the basis of region, the report is divided into North America, Europe, Asia-pacific, and LAMEA. In 2016, North America and Europe together garnered about half of the total market share. In fact, the U.S. has held the largest market share and manifested the fastest growth rate during the forecast period, owing to high disposable income and rapid technological advancements. The global tattoo removal market report analyzes other regions including Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA).
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