Tattoo Removal Market

Tattoo making is an artful expression of the emotions, events, life achievements etc. History of tattoo making goes long back in time, when it was a tradition to get the body inked. Tattoos are a part of some cultures spread across world, especially the Chinese culture. Back in the days, tattoos were made by people for the remembrance of a special achievement, such as successful sea tour by the Navy personnel. But since last couple of decades, tattoo making has taken a new turn and it has become a part of a fashion so that anybody can get themselves inked with different designs and letters. As there is no special cause left for it, people get themselves inked without putting much of a thought into it, only to regret it later. Many of the tattoo removal cases are of the tattoos made with hasty decisions. Number of young people getting inked is more. So as the body of the person grows, the shape of the tattoo changes. As a result these people opt to get rid of it which helps in the growth of the tattoo removal market.

The tattoo removal market is growing at a rapid pace. The global tattoo removal market is expected to reach USD 4,794.9 million by 2023 from USD 1,470 in 2016 with a CAGR of 15.6% during the forecast period. There are various factors which support the growth of the market, these include current employment scenario, military recruitment policies, inability of the digital sensors to detect the physiological parameters due to the presence of the tattoos, change in the tattoo trends, personal evolution and changes in relationship status, poor artwork and the quality of tattoo ink. On the other hand, there are some factors which hinder the growth of the market such as expensive laser therapy for tattoo removal, time taking procedure involving multiple sessions of treatment, and development of scars after the surgical procedure.

The market is majorly segmented on the basis of treatment method, and end user and regions.

The global tattoo removal market is segmented on the basis of treatment method into Laser Therapy, Surgical Method, and Topical creams & others. The Laser Therapy account for the largest market share of 66%, of the global tattoo removal market By Treatment Method in 2016. The massive share is majorly attributed to the widespread availability and use of the laser devices, and the effective removal of the tattoos using these lasers as compared to other methods. The global Laser Therapy market is expected to reach USD 3,247.7 million by 2023 from USD 970.8 million in 2016 with the CAGR of 15.9% for the forecasted year 2017 to 2023.

Furthermore, on the basis of End User, the tattoo removal market is segmented into Laser Center, Dermatology Clinic, and others. The Laser Centers account for the largest market share of 60.9%, of the global tattoo removal market by End User in 2016. This large share is majorly attributed to the more popularity of the Laser therapy over other methods for the tattoo removal and services provided by the specialty laser centers over regular dermatology clinics. The global Laser Center market is expected to reach USD 3,001.2 million by 2023 from USD 895.2 million in 2016 with the CAGR of 16% for the forecasted year 2017 to 2023.

At last, on the basis of regions, the global tattoo removal market is segmented into North America, Europe, Asia-Pacific, and Middle East & Africa. North America accounts for the largest market share of 39.6% the global tattoo removal market by region in 2016. This large share is majorly due to presence of large number of tattoo parlours in the region. There are approximately 12000 tattoo studios in just United States. The number of tattoo lovers is huge. This is an important factor in growth the tattoo removal industry as tattoo making and tattoo removal go hand in hand. Moreover high disposable income of population in the region drives the growth of the market. The North America tattoo removal market is expected to reach USD 1,944.4 million by 2023 from USD 582.1 million in 2016 with the CAGR of 15.9% for the forecasted year 2017 to 2023.