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Global Tattoo Removal Market to Grow at a CAGR of 13.1% in the Forecast Period of 2020-2025.

According to a new report by EMR titled, ‘Global Tattoo Removal Market Report and Forecast 2020-2025’, the global tattoo removal market attained a value of around USD 13.9 billion in 2019. The industry is further expected to grow at a CAGR of 13.1% in the forecast period of 2020-2025 to reach a value of USD 27.5 billion by 2025.

North America is projected to be a leading region in the overall tattoo removal market over the forecast period. This market growth in the region can be attributed to the presence of a large number of tattoo facilities in the area. Around 21,000 tattoo studios were operating in the United States in 2018. In addition, the high consumer disposable incomes in the region are significantly aiding the market growth. With the changing attitudes towards tattoos and the rising occurrence of ‘tattoo regret’, there has been a rise in tattoo removal procedures in the region, which has aided the growth of the market in the historical period. In the coming years, the market is expected to be aided by the growing development of efficient, non-invasive, and more effective tattoo removal technologies. Furthermore, the advancement of technology in laser treatments is leading to the development of improved methods for tattoo removal, such as extreme pulsed light therapy that opens up new business growth possibilities. Moreover, companies are expanding their businesses by increased mergers and acquisitions, which are likely to promote the industry growth.

In January 2019, Cutera, Inc (NASDAQ: CUTR), a key player in the industry, announced the launch of Enlighten System based on Picosecond Technology that helps in breaking down the ink in tattoos. The solution is highly powered, is easy-to-use, and comes with a user friendly interface. The company also introduced PICO Genesis, which makes a massive difference in terms of skin quality, hypopigmentation, scarring and roughness. This ensures that the patients have healthy skin when compared to the earlier treatments. Thus, such developments are expected to aid the growth of the tattoo removal market in the coming years.

Market Breakup by Procedure, End Use, and Region:

  • The market, on the basis of procedure, can be divided into laser, surgical, creams, and others.
  • Based on its end use, the industry can be divided into laser centres and dermatology clinics, among others.
  • The major regional markets for tattoo removal include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Rapid technological advancements and the growth in the field of medical science, especially in emerging nations, will make it easier for people to remove their tattoos, thus, aiding the industry.
  • Changes in fashion and works of art and strict laws on tattoos for corporate jobs are encouraging people to get rid of tattoos, thus propelling the growth of the tattoo removal industry.
  • The millennials, who get their skin inked, are continuously looking for the latest fashion trends. This accounts for a continuous increase in the market value as there has been a growing aversion towards tattoos.

Key Offerings of the Report:

  • The EMR report gives an overview of the global tattoo removal market for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) markets for the procedures, end-uses, and major regions of tattoo removal.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global tattoo removal market are Astanza Laser LLC, Cutera, Inc., Dimyth Beauty Equipment Manufacturer, and Lumenis Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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