Tattoo removal has become a popular trend among people who have previously got inked and now want to remove the tattoos. The tattoo removal market is growing at a steady pace due to the increasing demand for tattoo removal services. The global tattoo removal market was valued at USD 584.7 million in 2020 and is expected to grow at a CAGR of 14.5% from 2021 to 2028. The increasing number of tattoo enthusiasts, along with the rising popularity of tattoo removal, is driving the growth of the tattoo removal market.
Tattoo removal is the process of removing unwanted tattoos from the skin using various methods. Tattoos are usually created by injecting ink into the skin’s dermis layer, and the ink is intended to stay there permanently. However, people sometimes regret their tattoo choices or want to remove old tattoos to make way for new ones. Tattoo removal is a safe and effective way to remove tattoos without damaging the skin.
Executive Summary
The global tattoo removal market is growing at a steady pace, driven by the increasing demand for tattoo removal services. The market is expected to grow at a CAGR of 14.5% from 2021 to 2028. The increasing number of tattoo enthusiasts, along with the rising popularity of tattoo removal, is driving the growth of the tattoo removal market. The key market drivers include the growing number of tattoo enthusiasts, technological advancements, and increasing awareness about the safety of tattoo removal procedures. However, the market also faces some challenges, such as the high cost of tattoo removal procedures and the risk of scarring. Despite these challenges, the market is expected to continue to grow due to the increasing demand for tattoo removal services.
Important Note:ย The companies listed in the image above are for reference only. The final study will cover 18โ20 key players in this market, and the list can be adjusted based on our clientโs requirements.
Key Market Insights
The global tattoo removal market is expected to reach USD 1,718.4 million by 2028, growing at a CAGR of 14.5% from 2021 to 2028. The market is being driven by the increasing demand for tattoo removal services, the growing number of tattoo enthusiasts, and technological advancements in tattoo removal procedures. North America is the largest market for tattoo removal, followed by Europe and Asia Pacific. The increasing awareness about the safety of tattoo removal procedures is also driving the growth of the market.
Market Drivers
- Growing number of tattoo enthusiasts
- Technological advancements in tattoo removal procedures
- Increasing awareness about the safety of tattoo removal procedures
- Rising popularity of tattoo removal
Market Restraints
- High cost of tattoo removal procedures
- Risk of scarring
- Limited availability of skilled professionals
Market Opportunities
- Increasing demand for tattoo removal services in emerging markets
- Development of new and innovative tattoo removal techniques
- Expansion of the tattoo removal market into new regions
Market Dynamics
The tattoo removal market is being driven by the increasing demand for tattoo removal services, the growing number of tattoo enthusiasts, and technological advancements in tattoo removal procedures. The market is also facing some challenges, such as the high cost of tattoo removal procedures and the risk of scarring. However, the increasing awareness about the safety of tattoo removal procedures is driving the growth of the market. The market is expected to continue to grow due to the increasing demand for tattoo removal services.
Regional Analysis
North America is the largest market for tattoo removal, followed by Europe and Asia Pacific. The North American market is being driven by the increasing demand for tattoo removal services, the growing number of tattoo enthusiasts, and technological advancements in tattoo removal procedures. Europe is the second-largest market for tattoo removal, and the market is being driven by the increasing awareness about the safety of tattoo removal procedures. The Asia Pacific market is expected to grow at a faster pace due to the increasing demand for tattoo removal services in emerging markets.
Competitive Landscape
Leading Companies in the Tattoo Removal Market:
- Cynosure, Inc.
- Lutronic Corporation
- Cutera, Inc.
- Alma Lasers Ltd.
- Syneron Medical Ltd.
- Fotona d.o.o.
- Quanta System S.p.A.
- Astanza Laser LLC
- Lumenis Ltd.
- Asclepion Laser Technologies GmbH
Please note: This is a preliminary list; the final study will feature 18โ20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.
Segmentation
The global tattoo removal market can be segmented based on method, end-user, and region. By method, the market can be segmented into laser therapy, surgical method, and others. By end-user, the market can be segmented into clinics, hospitals, and others. By region, the market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Category-wise Insights
Laser therapy is the most popular method of tattoo removal, accounting for the largest share of the market. The clinics segment is the largest end-user segment, accounting for the majority of the market share. North America is the largest market for tattoo removal, followed by Europe and Asia Pacific.
Key Benefits for Industry Participants and Stakeholders
Industry participants and stakeholders in the tattoo removal market can benefit from the growing demand for tattoo removal services. The increasing awareness about the safety of tattoo removal procedures and technological advancements in tattoo removal techniques are expected to drive the growth of the market. The development of new and innovative tattoo removal techniques and the expansion of the market into new regions also present significant opportunities for industry participants and stakeholders.
SWOT Analysis
Strengths:
- Growing demand for tattoo removal services
- Technological advancements in tattoo removal procedures
- Increasing awareness about the safety of tattoo removal procedures
Weaknesses:
- High cost of tattoo removal procedures
- Risk of scarring
- Limited availability of skilled professionals
Opportunities:
- Increasing demand for tattoo removal services in emerging markets
- Development of new and innovative tattoo removal techniques
- Expansion of the tattoo removal market into new regions
Threats:
- Competition from established players and new entrants
- Regulatory challenges
- Economic downturns
Market Key Trends
- Growing number of tattoo enthusiasts
- Increasing demand for laser therapy method
- Rising popularity of non-invasive tattoo removal procedures
Covid-19 Impact
The Covid-19 pandemic has had a significant impact on the tattoo removal market. The market faced challenges due to the temporary closure of clinics and hospitals during the lockdown period. However, the market is expected to recover as the pandemic subsides, and the demand for tattoo removal services is expected to increase.
Key Industry Developments
- In May 2020, Lutronic Corporation launched the Lutronic Clarity II, a new laser device for tattoo removal.
- In January 2021, Cynosure, Inc. received FDA clearance for its Potenza radiofrequency microneedling device for tattoo removal.
Analyst Suggestions
Industry analysts suggest that the tattoo removal market is expected to continue to grow due to the increasing demand for tattoo removal services. The market is expected to be driven by the growing number of tattoo enthusiasts, technological advancements in tattoo removal procedures, and increasing awareness about the safety of tattoo removal procedures.
Future Outlook
The global tattoo removal market is expected to grow at a CAGR of 14.5% from 2021 to 2028, reaching USD 1,718.4 million by 2028. The market is being driven by the increasing demand for tattoo removal services, the growing number of tattoo enthusiasts, and technological advancements in tattoo removal procedures. The development of new and innovative tattoo removal techniques and the expansion of the market into new regions also present significant opportunities for industry participants and stakeholders. The market is expected to face some challenges, such as the high cost of tattoo removal procedures and the risk of scarring. However, the increasing awareness about the safety of tattoo removal procedures and the development of new and innovative tattoo removal techniques are expected to drive the growth of the market.
Conclusion
The tattoo removal market is growing at a steady pace, driven by the increasing demand for tattoo removal services. The market is expected to continue to grow due to the growing number of tattoo enthusiasts, technological advancements in tattoo removal procedures, and increasing awareness about the safety of tattoo removal procedures. North America is the largest market for tattoo removal, followed by Europe and Asia Pacific. Laser therapy is the most popular method of tattoo removal, and clinics are the largest end-user segment. The development of new and innovative tattoo removal techniques and the expansion of the market into new regions present significant opportunities for industry participants and stakeholders. Despite some challenges, such as the high cost of tattoo removal procedures and the risk of scarring, the future outlook for the tattoo removal market is positive, and the market is expected to grow at a CAGR of 14.5% from 2021 to 2028.