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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 2020, 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.
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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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