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Global Tattoo Removal Market to Grow at a CAGR of 12.1% During 2022-2027, Aided by the Increasing Number of Dermatologists

According to a new report by EMR titled, ‘Global Tattoo Removal Market Report and Forecast 2022-2027’, the global tattoo removal industry reached a value of USD 19.1 billion in 2020. The market is expected to grow at a CAGR of 12.1% in the forecast period of 2022-2027, driven by the rising number of dermatologists.

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.

Market Breakup by Procedure, End-User, and Region:

  • The market, on the basis of procedure, can be divided into laser procedure, surgical procedure, and creams, among others.
  • The significant end-users of the product include hospitals and clinics, among others.
  • Region-wise, the global market for tattoo removal can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for tattoo removal is being driven by the growing awareness among the people to the laser surgeries or various other procedures, which can remove tattoo without much pain or side-effects.
  • The growing R&D activities by the key manufacturers towards bolstering the laser surgical technology is likely to aid the market growth in the forecast period.
  • The growing increasing number of hospitals and clinics in the emerging economies, owing to the rising healthcare expenditure, will further aid the market growth.
  • The market will further be augmented by the increasing number of dermatologists and doctors specialising in tattoo removal.

Key Offerings of the Report:

  • The EMR report gives an overview of the global tattoo removal market for the periods (2017-2021) and (2022-2027).
  • The report also offers historical (2017-2021) and forecast (2022-2027) market information for the    procedures, end-users, and 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 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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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.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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