A tattoo is a skin-based ink mark that can be temporary or permanent. Tattoos are created by putting pigment or ink under the skin using a needle. Numerous factors, including cultural, personal, ritualistic, and spiritual views, influence why people get tattoos.
The tattoo removal procedure removes permanent or temporary tattoos on the skin. People are deciding to remove their tattoos for various reasons, including job goals, social environments, personal sentiments, and health concerns. There are many tattoo removal methods available on the market, including lasers, creams, deep chemical peels, and surgical methods.
The market worth of tattoo removal in 2021 was USD 4.34 billion, and it will be worth USD 12.15 billion by 2030, growing at a 12.1% CAGR during the forecast period.
The market is being driven by shifting employment policies, an increase in the usage of laser procedures for aesthetic procedures, constantly evolving fashion trends, and an increase in demand for tattoo removal.
Market Dynamics
Drivers
Factors boosting the growth of the tattoo removal market include an increase in the number of tattoo removal procedures, an increase in the use of laser tattoo removal procedures, a surge in preferences for minimally invasive techniques, and an increase in public awareness of tattoo removal procedures. Additionally, the market demand for tattoo removal has increased due to changes in lifestyle and rapidly evolving fashion trends. In addition, the introduction of multi-color tattoo removal technology and the widespread availability of tattoo removal creams are some other aspects that support market expansion.
Restraints
The market’s growth pace may be hampered by the greater cost of laser therapy and certain of its negative effects.
Opportunity
As research and development efforts continue to introduce new and advanced technologies like portable tattoo removal lasers, the market for tattoo removal will grow. The Delete Method is a brand-new, very effective tattoo removal technique that was created and unveiled on March 4, 2022, by Delete Tattoo Removal & Medical Salon, a Valley company that has been in operation for over 11 years. The clinic has enhanced the regular laser tattoo removal procedure by introducing skin resurfacing treatments every four weeks as opposed to the normal eight weeks.
Market Segmentation
Device Type Insights
The market is divided into laser, radiofrequency, and ultrasound devices based on the type of device. Laser devices held the largest market share of 62.8% in 2021. Because it is currently regarded as the gold standard device for effective and secure tattoo removal services, the laser device category maintained the largest market share among these.
End-use Insights
The market is segmented into dermatology clinics and, medical spas & beauty facilities based on end-use. In 2021, the dermatological clinic ruled the market with the largest share of 54.6%. This is because these clinics employ trained and licensed specialists. Dermatologists have the necessary medical skills to ensure that scarring, changes in the texture of the skin, burns, and other wounds are avoided either before or after the removal therapy, boosting procedure safety and promoting segment growth.
Regional Insights
In 2021, North America held a 43.0% revenue share of the global market for tattoo removal devices. This is due to the rise in tattoo shops, the number of people getting tattooed, and the accessibility of cutting-edge tattoo removal tools. Europe overtook North America in terms of market share in 2021 as a result of the region’s quick adoption of laser technology and significant developments in laser tattoo removal methods. Additionally, the region’s market is expanding due to a high customer preference for laser treatment over other therapies.
Due to an increase in tattooing in nations like Japan and India, the Asia Pacific will expand at the quickest rate over the projection period. Additionally, rising disposable income, particularly in developing nations, is predicted to support market expansion.
Key Players
- Alma Lasers, Ltd.
- Syneron candela
- Astanza
- EL.En. S.p.A
- Agic Capital (Fotona D.O.O.)
- Bison Medical
- Cutera Inc.
- Lumenis Ltd.
- Candela Corporation
- Cryomed Aesthetics
- Lynton Lasers
- Sciton, Inc.
- Asclepion Laser Technologies
- Solta Medical
- DEKA MELA Srl
- Quanta System
The market worth of tattoo removal in 2021 was USD 4.34 billion, and it will be worth USD 12.15 billion by 2030, growing at a 12.1% CAGR during the forecast period. The main market drivers are the rising popularity of laser treatments for cosmetic procedures and the increased demand for tattoo removal. The growing desire for non-invasive operations for aesthetics is also propelling the market expansion.
