What is Tattoo Removal Devices and the Industry Growth
A tattoo is a permanent mark created on the skin using pigments placed through pricks into the top layer of skin. Tattoo removal is a treatment used to get rid of an unsightly tattoo. Tattoo removal treatments commonly utilized include laser surgery, surgical removal, and dermabrasion. As a result, tattoo removal is more difficult and costly than tattoo application.
The tattoo removal market value was worth $4.34 billion in 2021, and by 2030 it will reach $12.15 billion at a CAGR of 12.1%.
Key industry drivers
- Throughout the projection period, demand for tattoo removal solutions is projected to increase because of the rising prevalence of “tattoo regret” among people everywhere. A survey found that 28.6% of females and 29.7% of men wanted to get rid of their tattoos, with more than 35.0% of the population aged 18 to 21 wanting to do so.
- Furthermore, increased public awareness of tattoo removal lasers, ease of treatment with new tattoo removal lasers, faster recovery, less postoperative discomfort, and fewer side effects when compared to procedures such as salabrasion, cryosurgery, and chemical peel tattoo removal using TCA (Trichloroacetic acid) are just a few of the factors driving demand for laser technology over alternative tattoo removal methods.
Opportunities
- The changing lifestyles and growing disposable income in emerging and developed nations will boost tattoo removal technology. Since many employers consider having a tattoo visible in the office unprofessional or even inappropriate, according to Yaletown Laser Centre, persons with tattoos have a harder time finding employment. As a result, 70% of tattooed employees cover-up at work. Furthermore, rising demand from emerging markets and increased government support for technical research will propel the tattoo removal devices market forward.
- The tattoo removal market will expand as research and development initiatives to produce new and advanced devices such as portable tattoo removal lasers increase. The Delete Method is a new, highly successful tattoo removal process created and announced on March 4, 2022, by Delete Tattoo Removal & Medical Salon, a Valley company that has been in business for over 11 years.
Market segmentation
- On the basis of devices, the tattoo removal market is segmented into laser devices, ultrasound devices, and radiofrequency devices.
The laser devices segment recorded the maximum revenue share of 62.6% of the overall market in 2021. Among the different types available on the market are Q-switched Nd-YAG lasers, Q-switched ruby lasers, and Q-switched Alexandrite lasers. Both black and colorful tattoos can be removed using these technologies. Excision tattoo removal is a surgical tattoo removal method that entails removing the tattooed skin and stitching the remaining skin back together. Surgical tattoo removal (dermabrasion) costs between $150 and $350, depending on the size of the tattoo.
- In terms of end-user, the tattoo removal market is segmented into medical spas & beauty centers, and dermatology clinics.
With a market share of more than 54.6%, the dermatology clinic segment held a dominant position in the overall market. It is due to the presence of trained and qualified specialists at such clinics. According to a recent study, 9,000 dermatological clinics and 14,000 dermatologists will be in the United States by 2020. The medical spa and beauty centers category is expected to grow the most throughout the projection period because of swift clearances from local authorities. In 2022, there will be 19,930 Health & Wellness Spas Businesses in the United States, with a 1.25% growth rate.
- In terms of region, North America dominated the global industry in 2021, with a 43.0% revenue share. Factors stimulating the growth of this region are the presence of more tattoo parlors and better tattoo removal tools that are more readily available. More than 145 million Americans, according to Saved Tattoo data, have tattoos. Around 20% of people have two tattoos, while at least 35% have one. One in nine people in the UK has undergone tattoo removal therapy, and 38% of tattoo wearers have given it some thought. As a result, the UK market for tattoo removal is also expanding. Aside from that, the Asia Pacific area is forecast to grow quickly during the projected period at a CAGR of 14.1%.
Major players
- Lutronic corporation
- Cutera Inc.
- Candela Corporation
- Cryomed Aesthetics
- Solta Medical
- Quanta System
- Asclepion Laser Technologies
- Agic Capital
- Lumenis Ltd.
- Lynton Lasers
- Bison Medical
- Other players
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