Tattoo Removal Market Research Report - Global Forecast till 2023
The global tattoo removal market, during the forecast period 2017 to 2023, will register growth at a CAGR of 15.6%. The market for tattoo removal is set to reach US$4,794.9 million by 2023. As per tattoo removal market analysts, the global market is anticipated to witness growth owing to the factors such as strict corporate policies as well as the evolving tattoo trends. However, the tattoo removal market will face challenges and restraints due to the high costs of laser therapies and lower disposable income during the forecast period 2017 to 2023.
The rising use of tattoo removal lasers in the tattoo removal market is set to play a key role in determining the growth potential during 2017 to 2023years. Analysts have also studied the tattoo removal market to understand potential threats and challenges the tattoo removal market companies could face. Although the tattoo removal market is poised to grow at a fast pace across treatment and end users segments, factors such as unfavorable reimbursement scenario could slow down the tattoo removal market's growth worldwide.
The market for tattoo removal has been segmented into treatment and end users. Based on the segment which is treatment, the market is categorized on the basis of surgical method, topical creams, laser therapy, and others. The global market for tattoo removal is further segmented based on end-users into laser center and dermatology clinics.
The global tattoo removal market research report covers all the aspects of the tattoo removal market based on the segmental analysis of these treatment and end users segments. Analysts have also studied the global tattoo removal market's regional markets spread across many continents and countries. The treatment and end users segments along with their sub-segments have been analyzed and companies functioning in the tattoo removal market across these segments are profiled and analyzed based on input and feedback from tattoo removal market based decision makers as well as primary and secondary sources. The tattoo removal market research report presents analysis based information for companies functioning in the tattoo removal market.
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The high costs associated with laser therapies for tattoo removal may hinder the tattoo removal market growth. The market research report suggests that companies in the tattoo removal market could be supported by changes in personal preferences as well as poor artwork or design during the forecast period. The tattoo removal industry is set to register growth at a high CAGR owing to these key factors. The tattoo removal market is spread across North America, Europe, Asia-Pacific, and other parts of the world. The global tattoo removal market research report reveals that APAC, North America, and Europe regional tattoo removal markets will dominate the global market for tattoo removal during the forecast period 2017 to 2023. As per tattoo removal market analysts, the market is set to witness tremendous growth across laser therapy and surgical methods segments in North America which covers tattoo removal markets across the United States, Canada, Mexico and several other regional markets. Companies active in the tattoo removal market are also analyzed and studied in the tattoo removal market research report.
The tattoo removal industry for Europe covers smaller market segments of Germany, Italy, France, and the United Kingdom. Additionally, the tattoo removal market research report covers the Asia-Pacific region covering tattoo removal markets from India, China, Japan, Australia, and others. The tattoo removal market is also spread across the rest of the world. The tattoo removal market report covers all such regions including the Middle East, Africa, Brazil, and others.
Tattoo removal has seen increased demand over the years, due to high popularity across countries and invasive procedures gaining consumers’ preference. Companies functioning in the global tattoo removal market are also being challenged due to scar and pain-related issues and the emergence of scars following the surgery. Mergers and acquisitions by tattoo removal market companies are anticipated to help the market during the forecast period 2017 to 2023. As the tattoo removal market is set to register a high CAGR of 15.6% and is also anticipated to reach a US$4,794.9 million by 2023, the report highlights key areas companies need to focus on. The report suggests that the tattoo removal market will see a healthy growth in the long run till 2023. Based on SWOT analysis and tattoo removal market’s analysis based on Porters’ Five Force Model presented in the tattoo removal market report. Mergers and acquisitions by tattoo removal market companies are anticipated to help the market during the forecast period 2017 to 2023.
Astanza (U.S.), Cutera Inc (U.S.), CynoSure (U.S.), Dimyth (China), Lutronic (U.S.), Syneron Medical Ltd. (U.S.), and Quanta System S.p.A (Italy) are some of the prominent players at the forefront of competition in the tattoo removal market and are profiled in MRFR Analysis.
Removery, North America's largest tattoo removal company with over 40 facilities, revealed today that it has acquired Absolute Tattoo Removal. Absolute, which has clinics, was established in 2015 by Diane Korsh and is a major provider of tattoo removals in Southern California. Since its inception, Absolute has successfully treated over 3,000 individuals using Picoway technology. Cole Korsh, who currently manages Absolute, will follow Removery as the company's California expansion manager. The Removery Advisory Committee will welcome Diane Korsh.