USD 129.05 million
Report ID:
SQMIG30L2165 |
Region:
Global |
Published Date: March, 2024
Pages:
198
|Tables:
60
|Figures:
75
Tattoo Removal Market size was valued at USD 141.44 Million in 2023 and is poised to grow from USD 155.02 Million in 2024 to USD 322.75 Million by 2032, growing at a CAGR of 9.6% during the forecast period (2025-2032).
The global market is experiencing significant growth driven by the increasing adoption of laser treatments for aesthetic procedures, including tattoo removal. Laser technology offers an effective and safe method for removing tattoos, which has led to a high demand for such procedures. Another factor contributing to the market growth is the rising demand for non-invasive procedures in the field of aesthetics. Many individuals prefer non-surgical and non-invasive techniques for tattoo removal, leading to a surge in the popularity of methods like laser therapy, pulsed light therapy, dermabrasion, plastic surgery, and chemical peels. These techniques are known for their effectiveness, safety, and non-invasiveness, making them attractive options for people seeking tattoo removal. The prevalence of "tattoo regret" among millennials is also driving the demand for tattoo removal devices. A significant percentage of both males and females express a desire to remove their tattoos, particularly among the younger population aged 18-21. According to a study mentioned in B&T Magazine, around 28.6% of females and 29.7% of males wish to get rid of their tattoos. This regret and the desire for removal contribute to the growth of the tattoo removal market. In the United States, the laser devices segment holds the highest compound annual growth rate (CAGR) of 9.6% in 2023. Companies in the U.S. are often hesitant to hire candidates with visible tattoos, especially in areas like below the wrist, above the collar, and on the face. Studies conducted by the Pew Research Center indicate that a significant portion of participants believes that visible tattoos can reduce a candidate's chances of being hired and are considered inappropriate in the workplace.
Global Market Size
USD 129.05 million
Largest Segment
Laser-based Tattoo Removal
Fastest Growth
Surgical Tattoo Removal
Growth Rate
9.6% CAGR
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Global Tattoo Removal Market is segmented by Technology, application, and region. Based on Technology, the market can be segmented into laser-based tattoo removal, and surgical tattoo removal. Based on application, the market is segmented into clinics and dermatology centers, and tattoo studios. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Technology
By Technology, the market can be segmented into laser-based tattoo removal, and surgical tattoo removal. Laser-based tattoo removal dominated the global market. This technique employs laser devices that emit specific wavelengths of light to break down tattoo ink particles. The laser energy selectively targets the pigment in the tattoo, causing it to fragment into smaller particles that are eliminated by the body's immune system.
While surgical tattoo removal techniques are experiencing significant growth and are the fastest-growing segment. Surgical methods involve physically removing the tattooed skin or using abrasive techniques to remove the tattoo ink. Surgical methods are particularly effective for certain types of tattoos, such as large or complex designs, deep or layered tattoos, or those with resistant ink colors. In some cases, where laser removal may not be sufficient, surgical techniques provide an alternative solution.
Analysis by Application
By application, the market can be segmented into clinics and dermatology centers, and tattoo studios. Clinics and dermatology centers represent the dominating segment in the tattoo removal market. These specialized facilities offer professional tattoo removal services, equipped with advanced laser devices and staffed by trained medical professionals.
Tattoo studios have emerged as the fastest-growing segment in the tattoo removal market. These studios, which primarily focus on creating and applying tattoos, are increasingly offering tattoo removal services as an additional offering. Tattoo studios provide a convenient option for individuals who want to have their tattoos removed by the same studio or artist who initially created them. This familiarity and established trust with the studio and artist can be appealing to clients seeking tattoo removal.
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North America dominated the global tattoo removal market. The region holds a significant market share due to the high adoption of laser treatments for aesthetic procedures and the presence of well-established healthcare infrastructure. The United States, in particular, contributes significantly to the dominance of North America in the market. The country has witnessed a growing demand for tattoo removal services, driven by factors such as the prevalence of tattoo regret, societal perceptions towards visible tattoos, and the popularity of non-invasive procedures. Furthermore, the United States boasts a strong market presence of key players offering advanced tattoo removal devices and technologies, further consolidating its leading position in the market.
Asia Pacific is expected to be the fastest growing region in the global tattoo removal market. The region is witnessing rapid market growth due to various factors. Increasing disposable income, a growing middle-class population, and changing lifestyles are driving the demand for aesthetic procedures, including tattoo removal, in countries like China, Japan, and South Korea. Furthermore, there is a rising trend of tattoo regret among the younger population in the region, which is contributing to the market growth. Additionally, the increasing popularity of non-invasive procedures and advancements in tattoo removal technologies are fueling the market expansion in Asia Pacific. The region also benefits from the presence of a large number of skilled healthcare professionals and the availability of cost-effective tattoo removal services. As a result, Asia Pacific is expected to exhibit significant growth and emerge as a lucrative market for tattoo removal in the coming years.
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Drivers
Increasing demand for non-invasive procedures for aesthetic purposes
Restraints
High cost associated with tattoo removal procedures
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The global tattoo removal market is characterized by a diverse range of players offering a variety of products and services. These players include manufacturers of tattoo removal devices, clinics and medical spas providing tattoo removal services, and research organizations involved in technological advancements. The market is witnessing intense competition, with players focusing on product innovation, strategic collaborations, and geographic expansion to gain a competitive edge. Additionally, players are also investing in marketing and promotional activities to increase awareness about tattoo removal and attract a larger customer base.
Top Player’s Company Profiles
Recent Developments
In January 2024, Bloodline Dynasty Tattoos, a premier tattoo destination in Farmington Hills, Michigan, announced the latest addition to their studio – the Astanza Duality laser tattoo removal system. This cutting-edge technology brings a safe and effective solution for tattoo removal to the local community, solidifying their commitment to excellence and innovation.
In January 2024, Think Again Laser Clinic, backed by major shareholder Clutch Capital, increased revenue by 30% in the past year and is gearing for similar growth in 2024 for its network which currently comprises eight tattoo-removal clinics in Australia and New Zealand.
In November 2023, Santa Rosa welcomed an exciting addition to its thriving aesthetic industry as Laser Fresh Aesthetics emerges to redefine tattoo removal with cutting-edge technology. Offering a solution that is highly sought after, Laser Fresh Aesthetics is thrilled to introduce the Astanza Trinity, a state-of-the-art nanosecond laser, to provide clients with the safest and most effective laser tattoo removal experience.
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global tattoo removal market analysis, the market is witnessing significant growth, primarily driven by the increasing adoption of laser treatments for aesthetic procedures and the high demand for tattoo removal. Factors such as the growing preference for non-invasive procedures, the prevalence of "tattoo regret" among millennials, and social issues related to visible tattoos contribute to the market's expansion. North America dominated the market, while Asia Pacific is expected to be the fastest-growing region. However, the high cost associated with tattoo removal procedures poses a restraint to market growth. The competitive landscape is characterized by a range of key players focusing on product innovation and strategic collaborations. Additionally, a key market trend is the rising demand for combination therapies for more comprehensive and effective tattoo removal treatments.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 141.44 Million |
Market size value in 2032 | USD 322.75 Million |
Growth Rate | 9.6% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Tattoo Removal Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Tattoo Removal Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Tattoo Removal Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Tattoo Removal Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30L2165
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