Tattoo Removal Devices Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3305
Tattoo Removal Devices Market size is projected to experience significant growth from 2019 to 2025.
Tattoo removal devices market will witness significant growth in the future due to high pervasiveness of tattoo removal. Moreover, growing awareness among people about ease of treatment with new tattoo removal lasers, less post-operative pain, and faster recovery period are few of the factors boosting the demand for tattoo removal devices. Previously, tattoo removal techniques included destructive procedures such as salabrasion, dermabrasion, chemical destruction, electrosurgery and surgical excision that were excessively painful and hence acting as a barrier in the growth of the industry, but the advent of light and laser-based technology have revolutionized tattoo removal procedures thus, augmenting the tattoo removal devices market growth.
Additionally, constantly changing trends and change in the lifestyle has increased the demand for tattoo removal in the market. People tend to remove their tattoos due to various reasons, owing to social conditions, career purpose and other personal reasons. Hence, the aforementioned reasons are the key factors fueling the growth of tattoo removal devices market.
High cost related with tattoo removal procedures is a major hindrance in the market growth. Also, side effects associated with the tattoo removal surgeries and procedures will impede market growth. In most cases, tattoo removal is a personal choice and is considered as a cosmetic procedure hence, most reimbursement policies does not cover the surgeries unless it is medically necessary. Hence, the above mentioned reasons will act as a major growth hindering factor.
Laser-based devices market is expected to show significant growth in the future owing to superior surgery outcomes. Latest technological advancements in laser-based tattoo removal devices for minimally invasive procedures, increasing government support for research and development of novel tattoo removal lasers and increase in product penetration across different regions will remain significant demand determinants in the laser based tattoo removal devices market. Moreover, changing trends and lifestyles among millennials will further augment market growth.
Dermatology clinics as an end use will hold the majority shares of the market as large number of these procedures are performed in these settings. Increasing demand for tattoo removal devices in aesthetic or dermatology clinics will foster market growth. Moreover, presence of state of art facilities in these clinics to ensure safety and efficiency will further augment segment growth.
North America is expected to hold maximum share, owing to the presence of a large number of dermatology clinics and tattoo studios and a wide percentage of people getting their skin inked. The increasing demand for tattoo removal devices in various parts of North America is a key factor driving the growth of regional market.
Europe is expected to grow at a substantial rate, due to presence of advanced aesthetic services, and laser centers in the region. Moreover, substantial advancements in laser-based devices technology is further favoring regional growth.
Some of the major industry players are Cynosure, Inc., Lumenis, Syneron Medical Ltd., Lynton Lasers Ltd, EL.EN. S.p.A. (Deka Mela S.r.l.), Fotona, Alma Lasers Ltd., Beijing Nubway S & T Co., Ltd, Cutera Inc., and Lutronic Aesthetic. These companies focus mostly on strategic alliances, approvals and product launches as their primary market expansion strategies.
Tattoo Removal Devices Market, by Products, 2014-2025 (USD Million)
- Laser-based devices
- Radiofrequency-based devices
- Ultrasound-based devices
Tattoo Removal Devices Market, by End-use, 2014-2025 (USD Million)
- Dermatology clinics
- Tattoo studios
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Cynosure, Inc
- Syneron Medical Ltd.
- Lynton Lasers Ltd
- EL.EN. S.p.A. (Deka Mela S.r.l.)
- Alma Lasers Ltd.
- Beijing Nubway S & T Co., Ltd
- Cutera Inc.
- Lutronic Aesthetic
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