Global Tattoo Removal Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 8.6% during forecast period.
Global Tattoo Removal Market Overview:
A tattoo is a mark on the body that is inked by introducing pigment or ink under the skin. It can be temporary or permanent. Since ancient times, tattoos have been associated with diverse emotive and ritual beliefs among people. The tattoo market is growing at a faster pace these days.
Global Tattoo Removal Market Dynamics:
Changing lifestyle is the major factor contributing to the market growth.
The global tattoo removal market is growing due to changes in lifestyle, constantly changing trends, the advent of novel designs, and an increase in the number of people regretting tattoos. The tattoo removal market is growing because of an increase in the adoption of laser tattoo removal methods, a surge in preferences for minimally invasive techniques, and an increase in public knowledge of tattoo removal operations. People tend to remove their tattoos for a variety of reasons. Career goals, social conditions, and personal problems are just a few of the factors driving the tattoo removal market.
According to a B&T Magazine article, over 28.6% of females and around 29.7% of males want their tattoos removed, while more than 35.0% of the population in the 18 to 21 age bracket regrets their tattoos. Other factors that contribute to market growth include the wide availability of tattoo removal creams and the launch of multicolor tattoo removal equipment. Most organizations in the United States will not hire people who have tattoos, especially those that are visible in regions such as below the wrist, above the collar, and on the face. According to a Pew Research Centre research, roughly 76% of study participants feel that a visible tattoo diminishes a candidate’s chances of being hired during an interview, while around 42% believe that visible tattoos are undesirable in the workplace. As a result, such social difficulties are expected to drive up demand for tattoo removal.
The high cost of tattoo removal methods is a major impediment to the market’s growth. In addition, the negative impacts of tattoo removal surgeries and procedures will limit the market growth. Tattoo removal is, in most circumstances, a personal choice and is considered cosmetic surgery, hence most reimbursement programmes do not cover the surgeries unless they are medically required.
The report has profiled eighteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Tattoo Removal Market Segment Analysis:
The Global Tattoo Removal Market is segmented on the basis of Technology and End-Users.
Based on Technology, the Laser technology is expected to dominate the global market during the forecast period. Laser therapy has become one of the most popular tattoo removal procedures because it is a low-risk procedure with few adverse effects. To break up the pigment hues of the tattoo, high-intensity laser (Light Amplification by Stimulated Emission of Radiation) beams are used. Q-switched Nd-YAG lasers, Q-switched ruby lasers, and Q-switched Alexandrite lasers are among the lasers employed. These technologies are effective at removing both black and colourful tattoos. The type of laser that is used is usually determined by the pigment colours. For different hues, multiple lasers or different settings of the same laser are required. The industry is also growing due to the introduction of new advanced laser devices by market players. For example, in March 2018, 3D-lipo Ltd released the “3D-NanoSure dual-wavelength laser,” a revolutionary tattoo removal machine that offers an economical alternative for the removal of undesirable tattoos in a wide range of ink colours.
Global Tattoo Removal Market
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Global Tattoo Removal Market Regional Insights:
Global Tattoo Removal Market 1
North America is expected to hold dominant market share throughout the forecast period.
Well-established healthcare systems, the presence of important market competitors, and increased expenditure in research and development activities are among the major factors driving market growth in the North American region. North America dominated the market and is expected to grow at a healthy CAGR throughout the forecast period, thanks to an increase in the number of tattoo parlours and people getting tattooed, as well as the availability of improved treatments. To contribute to the market share, industry participants in the United States are using a variety of techniques such as partnerships, collaborations, and mergers. Soliton Inc., for example, released the Rapid Acoustic Pulse tattoo removal equipment in May 2019, which is meant to remove black ink tattoos of the legs, arms, and chest in persons with Fitzpatrick skin type I-III.
The report also helps in understanding Global Tattoo Removal Market dynamics, structure by analyzing the market segments and project the Global Tattoo Removal Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Tattoo Removal Market make the report investor’s guide.
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Global Tattoo Removal Market 2
Global Tattoo Removal Market, By Region:
• North America
• South America
Global Tattoo Removal Market, Key players:
• Lutronic Corporation
• Hologic (Cynosure, Inc.)
• Alma Lasers, Ltd.
• Syneron candela
• EL.En. S.p.A
• Cutera Inc.
• Lumenis Ltd.
• Agic Capital (Fotona D.O.O.)
• Bison Medical
• Candela Corporation
• Cryomed Aesthetics
• Asclepion Laser Technologies GmbH
• Solta Medical
• Lynton Lasers
• Sciton, Inc.
• DEKA M.E.L.A. srl
• Quanta System
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