Tattoo Removal Market Insight
The study on the tattoo removal Market 2020 by Market Research Future has been conducted in the presence of recent proceeding within the healthcare industry. The report also states the impact of the novel COVID-19 pandemic on the tattoo removal market. It proposes a precise evaluation of the estimated market fluctuations during the forecast period (2014–2023) at a pace of 15.6% CAGR while anticipating to gain USD 4,794.9 Million valuations million in the same period of years.
Tattoo Removal Boomers & Decliners
Tattoo removal is a rapidly growing industry. Few cosmetic laser procedures are highly exciting and profitable as laser tattoo removal. The reputation of tattoos matched with the sky-scraping prevalence of “tattoo regret” has caused millions of patients to seek tattoo removal. Laser tattoo removal has been established as the only right answer to discarded tattoos. The stories prove that laser tattoo removal can remove tattoos without scarring or burns.
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People opt to get rid of tattoos, owing to various reasons. Some of these include social environment, career purposes, and personal situations, which are the prime driver for the tattoo removal market. Moreover, changes in lifestyle and frequently changing trends have also surged the demand for tattoo removal in the market.
At the same time, laser therapy has become one of the more favored treatments for tattoo removal since it provides a low-risk option with minimum side effects. The procedure uses a high-intensity laser (Light Amplification by Stimulated Emission of Radiation) beams to break up the pigment colors of the tattoo. Due to its optimum demands, the market for tattoo removal is rising consistently over years and years.
As studied by MRFR’s analysts through statistics, tattoos are unbelievably popular in the main regions such as America, particularly among younger generations. As these generations of tattooed individuals age, the demand for tattoo removal will continue to grow in the forecasted period. In fact, there is a hefty crossover between tattoo removal patients and consumers of other aesthetic procedures.
Tattoo Removal Market Segment Review
The global tattoo removal market has been studied for the segments of the treatment method and end-user.
By the segment of the treatment method, the market has included surgical methods, laser therapy, and topical creams. The laser therapy grabs the largest market share of 66% of the global tattoo removal market.
By the segment of treatment method, laser therapy holds the utmost market share in the year 2016 owing to the general accessibility and use of the laser devices, and the valuable removal of the tattoos with these lasers as compared to any other method.
By the segment of the end-user, the tattoo removal market has included dermatology clinics, laser centers, and others. The popularity of the laser therapy other than methods for the tattoo removal and services provided by the specialty laser centers over regular dermatology clinics are dependable for the growth of this segment during the forecast period.
Tattoo Removal Market Regional Framework
Developed North American countries such as the United States and Canada have well-established healthcare systems and also spends a hefty amount in healthcare and research and development. As per the research conducted by Dalia Research, roughly 46% of the population in the United States and 33 % of the population in Canada has at least one tattoo on their body. Recently with an escalating change in lifestyles, many people have been opting for tattoo removal procedures in these countries. Coupled with this, the growing technological advancement in these countries, demand for innovative tattoo removal procedures are expected to increase in this region.
Tattoo Removal Market Top Players
The core players in the global tattoo removal market are Cutera Inc., Astanza, Dimyth, CynoSure, Syneron Medical Ltd, Lutronic, and Quanta System SpA.
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