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The tattoo removal market is driven by the increasing number of dermatologists and tattoo removal specialists in hospitals and clinics. The rising expenditure of healthcare in the emerging economies of the world, which is anticipated to bolster the tattoo removal facilities in the area, is likely to provide impetus to the market in the forecast period. Furthermore, the growing awareness among the youth, about the laser surgeries used in the tattoo removal and the low number of side-effects related to it, is likely to augment the market growth in the forecast period.
In terms of region, the Asia Pacific region is likely to account for a significant share in the market, owing to the significant increase in the number of people getting inked and the growing awareness about the laser surgeries in hospitals and clinics. Through various technological advancements in the region in the healthcare industry, people wanting to get rid of the tattoos can easily get the tattoo removed.
In October 2021, Candela Corporation (NASDAQ: CLZR) announced the opening of Syneron Candela Korea Co. Ltd., a new headquarter designed to support all commercial activities for the entire Syneron Candela portfolio of products in Korea. Following this move, the Syneron Candela Korea will provide the Candela customers with the direct support to address the capital needs, as well as high levels of service. Hence, the laser surgery market will witness a surge in the forecast period.
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The major players in the global tattoo removal industry are AGIC Capital (FOTONA D.O.O.), Bison Medical, Candela Corporation, CryoMed Aesthetics, Cutera, INC., and Cynosure, INC., 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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