Tattoo Removal Devices Market Resets Expectations, May See Boost in Revenue Cycle | Alma Lasers, Lutronic, Candela

Tattoo Removal Devices Market is expected to grow at a significant rate of around 9% during the forecast period. This is mainly due to the increasing popularity of various types of tattoos, and the demand for various tattoo removal devices is increasing.

Additionally, numerous regulatory bodies have approved the use of numerous tattoo removal devices, increasing their market share during the analysis period. Moreover, Product launches are another factor in the market growth. For instance, in March 2020, Lumenis Ltd launched its newest, innovative platform, the Stellar M22.

The Stellar M22 is built and based on the gold standard treatment capabilities for the treatment of vascular lesions, skin texture, tone, and hair removal, and it is used for tattoo removal. In addition, Tattoo regret has become quite common among millennials, prompting them to seek tattoo removal techniques. As per Astanza Laser, Of the 30% of Americans who have tattoos, it's estimated nearly 23% of that population experience tattoo regret. The 2020 U.S. census states our population is 329.5 million people.
Therefore, the growing focus and investment of key stakeholders in the research and development of technologically advanced tattoo removal devices is further expected to support market growth.
Lutronic Corp., Hologic Inc., Alma Lasers Ltd., Candela Corporation, Astanza Laser, Cutera Inc., Lumenis Be Ltd., El.En. S.p.A, Cynosure LLC., and Cryomed Aesthetics are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
The global Lease Accounting Software market was valued at 158.7 million in 2021 and is projected to reach US$ 649.7 million by 2028, at a CAGR of 10.4% during the forecast period.

Definition:
Tattoo removal devices are specialized tools or machines designed to remove tattoos from the skin. These devices use various methods and technologies to break down and eliminate the ink pigments that have been permanently injected into the skin during the tattooing process. The primary goal of tattoo removal devices is to fade or completely eliminate the appearance of a tattoo, allowing individuals to either remove an unwanted tattoo or prepare the skin for a new tattoo.

Market Trend:
These laser systems gained prominence for their ability to remove tattoos more effectively and with fewer sessions compared to older technologies. They are particularly effective for removing stubborn ink colors like blues and greens.

Market DRIVERS:
Patients increasingly prioritize safety and comfort during tattoo removal procedures. Modern devices aim to minimize discomfort and side effects, making the process more tolerable for individuals undergoing treatment.

Market Opportunities:
Ongoing advancements in laser technology offer opportunities for more efficient and effective tattoo removal devices.
Developers can focus on creating lasers with improved precision, shorter treatment times, and minimal discomfort for patients.

Insights Presented in the Report
"Amongst product, laser-based devices category to witness significant CAGR during the forecast period"
Based on product, the market is segmented into laser-based devices, radiofrequency devices, ultrasound-based devices, and others. Laser-based devices category to witness higher CAGR during the forecast period owing to factors such as the increasing number of people choosing to go for laser therapy in order to get rid of tattoos is further fueling the growth of the tattoo removal device market. In March 2022, Delete Tattoo Removal & Medical Salon launched a new method called the Delete Method. This special laser minimizes common side effects of other laser tattoo removal technology, like scarring, skin lightening, burns, and skin darkening.

"Amongst end user, the dermatology clinics to hold a significant share in the market in 2020"
On the basis of end user, the market is categorized into dermatology clinics, medical spas and beauty centers, tattoo studios, and others. Among these, dermatology clinics to hold a significant share in the market in 2020. This can be attributed to the presence of skilled and certified professionals in clinics. Dermatologists have proper medical training to ensure avoidance of scarring, changes in the skin's texture, burns, and other wounds during or after the removal treatment, thus increasing the procedure's safety and facilitating segment growth.
"North America to hold a significant share in the market"
In 2020, North America held a significant share of the global tattoo removal devices market. This is mainly due to the increasing adoption of laser technology and rising innovation in tattoo removal devices. In addition, With the technological advancement in these countries, the demand for innovative tattoo removal procedures is expected to increase in the region. For instance, in May 2021,
Cynosure launched its new Cynosure Experience Centre, equipped with new research and training facilities, in the city of London. The center is set to serve as a collaborative workspace for the company and its partners, customers, and employees across the globe. Moreover, North America leads the market due to the presence of a large number of tattoo parlors, availability of advanced devices, and presence of a large number of tattooed individuals. With the rising popularity of tattoos in western culture, so has the regret of getting them. In the United States, 45 million people have one or more tattoos on their bodies. Of those 30% are college graduates, 36% are between 18-25 years old, and 40% are between 26-40 years old.
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