Increasing tattoo popularity, advancements in laser technology and professional and social factors drive the growth of the global tattoo removal market.
PORTLAND, Ore., May 28, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Tattoo Removal Market By Procedures (Laser Procedure, Surgical Procedure, Creams, Others) and End User (Hospitals, Dermatology Clinics, Others): Global Opportunity Analysis and Industry Forecast, 2024-2035 ". According to the report, the global tattoo removal market was valued at $0.5 billion in 2023 and is estimated to reach $4.0 billion by 2035, exhibiting a CAGR of 19.1% from 2024 to 2035.
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Prime determinants of growth
Growing advancements in tattoo removal technologies and presence of key players are the factors that drive the growth of the global tattoo removal market. However, high cost of tattoo removal procedures is anticipated to hinder market growth. On the contrary, a rise in healthcare expansion is expected to offer remunerative opportunities for the tattoo removal market during the forecast period.
Report coverage & details
Report Coverage | Details |
Forecast Period | 2024-2035 |
Base Year | 2023 |
Market Size In 2023 | $0.5 Billion |
Market Size In 2035 | $4.0 Billion |
CAGR | 19.10 % |
No. Of Pages in Report | 275 |
Segments Covered | Procedure, End User and Region |
Regional Scope | North America, Europe, Asia-Pacific, LAMEA |
Drivers | Increasing Tattoo Popularity |
Advancements In Laser Technology | |
Professional And Social Factors | |
Opportunities | Growth Opportunity in Emerging Markets |
Restraints | High Cost of Tattoo Removal |
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The laser procedure segment to maintain its lead position during the forecast period
Based on procedure, the laser procedure segment accounted for the largest share in 2023, accounting for almost two-thirds of the global tattoo removal market revenue and is projected to register highest CAGR of 19.4% during the forecast period. This growth is attributed to key factors such as increase in demand for laser technology, shift in preference of individuals toward laser tattoo removal rather than surgical removals, and various advantages offered by laser procedures which have made it a safer and reliable tattoo removal technique
The dermatology clinics segment to maintain its lead position during the forecast period
Based on end user, the dermatology clinics segment accounted for the largest share in 2023, accounting for four-fifths of the global tattoo removal market revenue and is projected to register highest CAGR of 19.2% during the forecast period. This is attributed to preference among individuals for clinics, owing to availability of advanced equipment for tattoo removal as compared to hospitals and other end users and rise in number of tattoo removal clinics across the globe. Moreover, tattoo removal procedures in clinics offer advantages such as presence of skilled professional ensuring minimal scarring, avoidance of wounds, and no loss of skin texture during or after the removal treatment.
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Asia-Pacific to maintain its dominance by 2035
Based on region, Asia-Pacific held the highest market share in terms of revenue in 2023, accounting for two-fifths of the global tattoo removal market revenue and is projected to register highest CAGR of 19.7% during the forecast period. This growth is fueled by increasing disposable income, rising awareness of aesthetic procedures, and the availability of advanced technologies. Additionally, cultural shifts and changing beauty standards in the region contribute to heightened demand for aesthetic treatments, including tattoo removal services.
Leading Market Players
- Sisram Medical (Alma Lasers)
- Cipher Pharmaceuticals Inc.
- Soliton, Inc.
- Cynosure
- Candela Corporation.
- Lumenis Ltd.
- Fotona
- Berry Global Group, Inc
The report provides a detailed analysis of these key players of the global tattoo removal market. These players have adopted different strategies such as procedure launch, procedure development, and procedure approval to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, procedure portfolio, and strategic moves of market players to showcase the competitive scenario.
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