Press release
Tattoo Removal Market Eyes $4.0 Billion by 2035, Growing at 19.1% CAGR
The global tattoo removal market size was valued at $487.91 million in 2023, and is projected to reach $3,985.73 million by 2035, registering a CAGR of 19.1% from 2024 to 2035. Rising number of individuals seeking tattoo modifications or complete removal due to personal, professional, or social reasons as well as technological advancements in laser removal systems and the growing demand for non-invasive aesthetic procedures are the other factors that contribute to the growth of the market.Tattoo removal is a cosmetic procedure designed to eliminate or fade unwanted tattoos. Employing diverse technologies like lasers, intense pulsed light (IPL), or surgical methods, it functions by breaking down ink particles within the skin, facilitating their gradual absorption and removal by the body's natural processes. The efficacy of tattoo removal is influenced by various factors including tattoo size, color, depth, and individual skin attributes, necessitating multiple sessions spaced over weeks or months for optimal results.
This procedure provides individuals with the chance to alter or erase tattoos for personal, professional, or aesthetic motives. Whether rectifying tattoo regrets, accommodating career requirements, or seeking aesthetic enhancements, tattoo removal offers a customizable solution catering to diverse needs and preferences, contributing to its growing popularity in the cosmetic industry.
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Prime determinants of growth
Growing advancements in tattoo removal technologies and presence of key players are the factors that drive the growth of the global tattoo removal market. However, high cost of tattoo removal procedures is anticipated to hinder market growth. On the contrary, a rise in healthcare expansion is expected to offer remunerative opportunities for the tattoo removal market during the forecast period.
Report coverage & details
Forecast Period : 2024-2035
Market Size In 2023 : $0.5 Billion
Market Size In 2035 : $4.0 Billion
CAGR : 19.10 %
Regional Scope : North America, Europe, Asia-Pacific, LAMEA
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Covid-19 Scenario:
◽ Owing to lockdown imposed by governments, tattoo parlors, hospitals, and clinics were closed to avoid cross-contamination. Moreover, many surgical & laser procedures were postponed.
◽ Medical staff conducting tattoo removal procedures was reallocated to take care of patients with Covid-19 as the number of cases increased drastically, which in turn, increased the need for workforce.
◽ Tattoo removal procedures began as lockdown restrictions were lifted off, and tattoo parlors and clinics reopened. Moreover, medical staff was assigned to their respective departments in hospitals.
The dermatology clinics segment to maintain its lead position during the forecast period
Based on end user, the dermatology clinics segment accounted for the largest share in 2023, accounting for four-fifths of the global tattoo removal market revenue and is projected to register highest CAGR of 19.2% during the forecast period. This is attributed to preference among individuals for clinics, owing to availability of advanced equipment for tattoo removal as compared to hospitals and other end users and rise in number of tattoo removal clinics across the globe. Moreover, tattoo removal procedures in clinics offer 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.
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Asia-Pacific to maintain its dominance by 2035
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2023, accounting for two-fifths of the global tattoo removal market revenue and is projected to register highest CAGR of 19.7% during the forecast period. This growth is fueled by increasing disposable income, rising awareness of aesthetic procedures, and the availability of advanced technologies. Additionally, cultural shifts and changing beauty standards in the region contribute to heightened demand for aesthetic treatments, including tattoo removal services.
Region-wise, the tattoo removal market analysis is carried out across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific acquired the largest tattoo removal market size in terms of revenue in 2023 and is expected to exhibit the fastest growth during the forecast period. This growth is fueled by increasing disposable income, rising awareness of aesthetic procedures, and the availability of advanced technologies. Additionally, cultural shifts and changing beauty standards in the region contribute to heightened demand for aesthetic treatments, including tattoo removal services.
Key Findings of the Study
By procedures, the laser procedure segment were the major revenue contributor in tattoo removal market size in 2023 and is anticipated to register the fastest CAGR during the forecast period.
On the basis of end user, the clinics segment accounted for the highest revenue in 2023 and is anticipated to grow at the fastest CAGR during the tattoo removal market forecast period.
Region-wise, Asia-Pacific generated the largest revenue in 2023 and is anticipated to grow at the highest CAGR during the forecast period.
Leading Market Players
Sisram Medical (Alma Lasers)
Cipher Pharmaceuticals Inc.
Soliton, Inc.
Cynosure
Candela Corporation.
Lumenis Ltd.
Fotona
Berry Global Group, Inc
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of 'Market Research Reports' and 'Business Intelligence Solutions'. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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