Tattoo Removal Market Research Report - Global Forecast till 2027

Global Tattoo Removal Market: Information By Treatment (Laser Therapy, Surgical Method, Topical Creams and others), By End-User (Laser Center and Dermatology Clinic) - Forecast till 2027

ID: MRFR/MED/1169-CR | February, 2021 | Region : Global

Market Overview


Market Research Future (MRFR) expects the Tattoo Removal Market 2020 to touch USD 4,794.9 Million by 2023. The tattoo removal business is bolstered by the growth of the laser tattoo removal market in light of a mounting number of aesthetics procedures and the rising preference for non-invasive procedures.


COVID-19 Analysis


Tattoo Removal Industry has been significantly affected by the COVID-19 outbreak, with manufacturers facing challenges in the form of increased supply and demand gap. The strict lockdown has led to shut down of tattoo parlors, clinics and hospitals, to avoid the spread of the pandemic. In view of the rising SARS-CoV-2 cases worldwide, laser surgical procedures had to be postponed.


Healthcare is now more focused on patients affected by COVID-19, considering the massive surge in the number of novel coronavirus cases. MRFR however expects the tattoo removal business growth to pick up pace in the years to come, as procedures have now begun post the lifting up of the lockdown and reopening of several tattoo parlors across countries.


Market Dynamics


Drivers


Strict Corporate Policies to Foster Demand


‘Tattoo regret’ has gained huge prevalence among millennials, which is driving them towards tattoo removal procedures. Various companies across the globe refrain from employing candidates that have tattoos, especially those that are visible, such as on areas above the collar, face or below the wrist. These companies are of the belief that visible tattoos come across as unprofessional. These kinds of social issues are projected to boost the demand for tattoo removal. A few other factors boosting market growth can be the evolving tattoo trends, changes in personal preferences and poor artwork or design.


Opportunities


Rising Use of Tattoo Removal Lasers to be Opportune for Companies


The most effective tattoo removal lasers in the market are dermabrasion, pulsed light therapy, chemical peels and plastic surgery. Most of these techniques are safe, non-invasive and effective, and are therefore, witnessing high popularity across countries. Additionally, non-invasive procedures are gaining consumers’ preference in conjunction with the growing market size for face tattoo removal worldwide. Face tattoo removal fosters the need for less scarring and painful procedures, which are non-invasive.


Restraints


High Costs of Laser Therapies to be a Key Growth Restraint


The significant costs associated with laser therapies for tattoo removal bring down consumers’ willingness to go ahead with the procedure. This is primarily the case in emerging regions, with lower disposable income of the mass and unfavorable reimbursement scenario.


Challenges


Scar and Pain-Related Issues to Weaken Demand for Tattoo Removal


Painful procedures that involve several sessions during treatment along with the emergence of scars following the surgery are weakening the demand among consumers. This can be a big challenge for the top players in the years ahead, which is why they are indulging in extensive R&D activities to produce effective technologies that address these issues.


Cumulative Growth Analysis


Global market to Scale Ahead at an Impressive Pace


MRFR anticipates the tattoo removal market outlook to be quite promising, as its size can expand at a rate of 15.6% between 2017 and 2023 (review period).


Segment Overview


Laser Therapy to be the Most Popular Treatment Method


The various treatment methods covered in the report are surgical method, topical creams, laser therapy, and more. Laser therapy owns the biggest share of 66% in the global market, as a result of the rising availability and deployment of advanced laser devices, and the provision of effective tattoo removal. Laser therapy is often considered to be the future of tattoo removal, taking into account the surging preference for minimally or non-invasive procedures. Furthermore, several brands are increasingly undertaking laser tattoo removal marketing strategies to boost their customer base and increase their global presence.


Provision of a Broad Range of Services Fosters Growth of Laser Centers Segment


The top end-users in the tattoo removal devices market are dermatology clinics, laser centers, and others. Laser therapy’s surging popularity for tattoo removal along with the extensive services offered by specialty laser centers compared to general dermatology clinics contribute to the segment’s growth in the global market. As a result, in 2016, the laser centers segment managed to reach a whopping USD 895.2 Million.


Regional Analysis


North America All Set to Capture the Highest Share


North America is most likely to clinch the leading position in the global tattoo removal market over the following years and currently, holds the biggest share of 39.6%. The stupendous market performance by North America is the result of the high number of well-equipped tattoo parlors. Studies confirm that there are currently close to 12000 tattoo parlors and studios in the United States alone. The high purchasing power of an average person in the region combined with the escalating sales and use of innovative tattoo removal products also benefit the North American market. Moving forward, the tattoo removal market size in South America has been expanding quite significantly over the years, thanks to the rising popularity of medical spa and beauty centers since they are located in the proximity of well-frequented clubs, coffee shops, and various youth attractions.


APAC to Charge Ahead at the Fastest Pace


Companies active in the APAC market for tattoo removal continuously adopt strategies like acquisition and mergers, which could translate into substantial growth in the coming years. The rising significance of tattoos in Japan and China along with the improving capita disposable income of the mass can be accredited for the market growth in the region. Experts note that dragons are quite popular in the Chinese culture and therefore, tattoos based on these have gained significant prevalence in the country. However, a growing pool of people is replacing existing tattoos with a different one, in view of the evolving art and design trends. India is another strong contender in the region, with a soaring number of youngsters opting for modern designs of tattoos and growing aware of different tattoo removal devices. Considering all these factors, MRFR expects the APAC market to secure the fastest growth rate of 16.2% in the years ahead.


Competitive Landscape


Players Launch Innovative Products to Remain Competitive


Firms are deeply involved in boosting their existing products and technologies, launching new products, and more. Most of the players are also striving to develop highly innovative laser technologies for tattoo removal that ensure minimal scars and pain. Companies are trying to leverage the growth opportunities in untapped regions while also striving to bolster their tattoo removal services and products to gain higher impetus in the global market.


MRFR report’s tattoo removal company stock reveals Cutera Inc. as one of the biggest names in the global industry. The company was founded by a few veteran optical and laser engineers and is known for developing advanced medical aesthetic devices. The firm boasts of a broad range of medical devices, related to body and face aesthetics. Development and launch of advanced products remain Cutera’s top growth strategy to make further mark in the global market.


List of Key Companies Covered in this Report



  • Cynosures (US)

  • Cutera Inc (US)

  • Dimyth (China)

  • Syneron Medical Ltd (US)

  • Astanza (US)

  • Quanta System SpA (Italy)

  • Lutronic (US)


Recent Developments



  • In September 2020, Soliton entered into a distribution agreement with Aesthetic Solutions, which entails the latter selling Soliton’s RAP (rapid acoustic pulse) device as well as design cartridges across the US, following their commercial launch in 2021. Aesthetic Solutions will be focusing on placing the RAP device catering to physicians with expertise in tattoo removal as well as cellulite reduction.


Report Overview


Scope of the Report


Stringent corporate policies with regard to tattoos, digital sensors’ inability to detect physiological parameters owing to tattoos and strict military recruitment policies are expected to ensure market growth during the analysis timeline. The MRFR report also focuses on a few key barriers such as high costs of laser therapies and poor healthcare infrastructure in emerging countries.


Segmentation Table


By Treatment Methods



  • Laser Therapy

  • Surgical Method

  • Topical Creams & others


By End Users



  • Laser Centers

  • Dermatology Clinics

  • Others

1 Report Prologue

2 Market Introduction

2.1 Definition 13

2.2 Scope of Study 13

2.3 Research Objective 13

2.4 Assumptions & Limitations 14

2.4.1 Assumptions 14

2.4.2 Limitations 14

2.5 Market Structure 14

3 Research Methodology

3.1 Research Process 15

3.2 Primary Research 16

3.3 Secondary Research 16

4 Market Dynamics

4.1 Introduction 17

4.2 Drivers 18

4.2.1 Strict Corporate Employment Policies Regarding Tattoos 18

4.2.2 Military Recruitment Policies Regarding Tattoos 18

4.2.3 Increasing Errors in Digital Body Sensing Devices Leading to Incorrect Results. 18

4.2.4 Changing Trends, Poor Artwork May Lead People to Get Tattoo Removed. 19

4.3 Restraints 20

4.3.1 Excessive Cost of the Laser Procedure Forces People to Look for Substitute Treatments 20

4.3.2 Number of Sittings for Laser Treatment 20

4.3.3 Scars Left After the Surgical Removal Of Tattoo 20

4.4 Opportunities 21

4.4.1 Development of the Injectable Solutions 21

4.4.2 Improvement in the Laser Technology 21

4.4.3 Licensing the Technology with Local Players to Reach Untapped Regions 21

5 Market Factor Analysis

5.1 Porter’s Five Forces Model 22

5.1.1 Bargaining Power of Suppliers 23

5.1.2 Bargaining Power of Buyers 23

5.1.3 Threat of New Entrants 23

5.1.4 Threat of Substitutes 23

5.1.5 Intensity of Rivalry 24

6 Tattoo Removal Market, By Treatment Method

6.1 Introduction 25

6.2 Laser Therapy 26

6.3 Surgical Method 27

6.4 Topical Creams & Others 28

7 Tattoo Removal Market, By End User

7.1 Introduction 29

7.2 Laser Center 30

7.3 Dermatology Clinic 31

8 Global Tattoo Removal Market, By Region

8.1 Introduction 32

8.2 North America 34

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.2.1 US 36

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.2.2 Canada 37

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.3 Europe 38

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.3.1 Germany 40

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.3.2 France 41

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.3.3 UK 42

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.3.4 Italy 43

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.3.5 Spain 44

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.3.6 Rest of Western Europe 45

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.3.7 Eastern Europe 46

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.4 Asia-Pacific 48

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.4.1 Japan 50

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.4.2 China 51

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.4.3 India 52

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.4.4 Republic Of Korea 53

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.4.5 Rest of Asia-Pacific 54

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.5 Middle East & Africa 56

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.5.1 Middle East 58

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

8.5.2 Africa 59

Tattoo Removal Market, By Treatment Method

Tattoo Removal Market, By End User

9 Competitive Landscape

9.1 Introduction 61

9.2 Company Share Analysis 61

10 Company Profile

10.1 Astanza 62

10.1.1 Company overview 62

10.1.2 Product Overview 62

10.1.3 Financials 62

10.1.4 Key Developments 63

10.1.5 SWOT Analysis 63

10.2 Cutera, Inc. 64

10.2.1 Company overview 64

10.2.2 Product Overview 64

10.2.3 Financials 64

10.2.4 Key Developments 66

10.2.5 SWOT Analysis 66

10.3 CynoSure 67

10.3.1 Company overview 67

10.3.2 Product Overview 67

10.3.3 Financials 68

10.3.4 Key Developments 69

10.3.5 SWOT Analysis 70

10.4 Dimyth 71

10.4.1 Company overview 71

10.4.2 Product Overview 71

10.4.3 Financials 71

10.4.4 Key Developments 71

10.4.5 SWOT Analysis 72

10.5 Lutronic 73

10.5.1 Company overview 73

10.5.2 Product Overview 73

10.5.3 Financials 73

10.5.4 Key Developments 74

10.5.5 SWOT Analysis 75

10.6 Syneron Medical Ltd. 76

10.6.1 Company overview 76

10.6.2 Product Overview 76

10.6.3 Financials 76

10.6.4 Key Developments 77

10.6.5 SWOT Analysis 77

10.7 Quanta System SpA 78

10.7.1 Company overview 78

10.7.2 Product Overview 78

10.7.3 Financials 78

10.7.4 Key Developments 79

10.7.5 SWOT Analysis 79

11 List of Tables

TABLE 1 GLOBAL TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 25

TABLE 2 GLOBAL LASER THERAPY MARKET, BY REGION, 2020–2027 (USD MILLION) 26

TABLE 3 GLOBAL SURGICAL TATTOO REMOVAL METHOD MARKET, BY REGION, 2020–2027 (USD MILLION) 27

TABLE 4 GLOBAL TOPICAL CREAMS & OTHERS MARKET, BY REGION, 2020–2027 (USD MILLION) 28

TABLE 5 GLOBAL TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 29

TABLE 6 GLOBAL LASER CENTER MARKET, BY REGION, 2020–2027 (USD MILLION) 30

TABLE 7 GLOBAL DERMATOLOGY CLINIC MARKET, BY REGION, 2020–2027 (USD MILLION) 31

TABLE 8 GLOBAL TATTOO REMOVAL MARKET, BY REGION, 2020–2027 (USD MILLION) 33

TABLE 9 NORTH AMERICA TATTOO REMOVAL MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 34

TABLE 10 NORTH AMERICA TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 35

TABLE 11 NORTH AMERICA TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 35

TABLE 12 US TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 36

TABLE 13 US TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 36

TABLE 14 CANADA TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 37

TABLE 15 CANADA TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 37

TABLE 16 EUROPE TATTOO REMOVAL MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 39

TABLE 17 EUROPE TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 39

TABLE 18 EUROPE TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 40

TABLE 19 GERMANY TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 40

TABLE 20 GERMANY TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 41

TABLE 21 FRANCE TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 41

TABLE 22 FRANCE TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 42

TABLE 23 UK TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 42

TABLE 24 UK TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 43

TABLE 25 ITALY TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 43

TABLE 26 ITALY TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 44

TABLE 27 SPAIN TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 44

TABLE 28 SPAIN TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 45

TABLE 29 REST OF WESTERN EUROPE TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 45

TABLE 30 REST OF WESTERN EUROPE TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 46

TABLE 31 EASTERN EUROPE TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 46

TABLE 32 EASTERN EUROPE TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 47

TABLE 33 ASIA-PACIFIC TATTOO REMOVAL MARKET, BY COUNTRY, 2020–2027 (USD MILLION) 49

TABLE 34 ASIA-PACIFIC TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 49

TABLE 35 ASIA-PACIFIC TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 50

TABLE 36 JAPAN TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 50

TABLE 37 JAPAN TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 51

TABLE 38 CHINA TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 51

TABLE 39 CHINA TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 52

TABLE 40 INDIA TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 52

TABLE 41 INDIA TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 53

TABLE 42 REPUBLIC OF KOREA TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 SS(USD MILLION) 53

TABLE 43 REPUBLIC OF KOREA TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 54

TABLE 44 REST OF ASIA-PACIFIC TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 54

TABLE 45 REST OF ASIA-PACIFIC TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 55

TABLE 46 MIDDLE EAST & AFRICA TATTOO REMOVAL MARKET, BY REGION, 2020–2027 (USD MILLION) 57

TABLE 47 MIDDLE EAST & AFRICA TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 57

TABLE 48 MIDDLE EAST & AFRICA TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 58

TABLE 49 MIDDLE EAST TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 58

TABLE 50 MIDDLE EAST TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 59

TABLE 51 AFRICA TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020–2027 (USD MILLION) 59

TABLE 52 AFRICA TATTOO REMOVAL MARKET, BY END USER, 2020–2027 (USD MILLION) 60

TABLE 53 ASTANZA: KEY DEVELOPMENT 63

TABLE 54 CUTERA INC.: KEY DEVELOPMENT 66

TABLE 55 CYNOSURE: KEY DEVELOPMENT 69

TABLE 56 LUTRONIC: KEY DEVELOPMENT 74

TABLE 57 SYNERON MEDICAL LTD.: KEY DEVELOPMENT 77

TABLE 58 QUANTA SYSTEMS SpA: KEY DEVELOPMENT 79

12 List of Figures

FIGURE 1 GLOBAL RESPIRATORY INHALER MARKET SHARE, BY TREATMENT METHOD, 2020 (%) 10

FIGURE 2 GLOBAL TATTOO REMOVAL MARKET SHARE, BY END USER, 2020 (%) 11

FIGURE 3 GLOBAL TATTOO REMOVAL MARKET SHARE, BY REGION, 2020 (%) 12

FIGURE 4 MARKET STRUCTURE OF GLOBAL RESPIRATORY INHALER MARKET 14

FIGURE 5 RESEARCH PROCESS OF MRFR 15

FIGURE 6 DRIVERS, RESTRAINTS & OPPORTUNITIES 17

FIGURE 7 PORTERS FIVE FORCES MODEL 22

FIGURE 8 GLOBAL TATTOO REMOVAL MARKET, BY TREATMENT METHOD, 2020 & 2027 (USD MILLION) 25

FIGURE 9 GLOBAL TATTOO REMOVAL MARKET, BY END USER, 2020 & 2027 29

FIGURE 10 GLOBAL TATTOO REMOVAL MARKET SHARE, BY REGION, 2020 (%) 32

FIGURE 11 NORTH AMERICA TATTOO REMOVAL MARKET SHARE, BY COUNTRY, 2020 (%) 34

FIGURE 12 EUROPE TATTOO REMOVAL MARKET SHARE, BY COUNTRY, 2020 (%) 38

FIGURE 13 ASIA-PACIFIC TATTOO REMOVAL MARKET SHARE, BY COUNTRY, 2020 (%) 48

FIGURE 14 MIDDLE EAST & AFRICA TATTOO REMOVAL MARKET, BY REGION, 2020 (%) 56

FIGURE 15 ASTANZA: SWOT ANALYSIS 63

FIGURE 16 CUTERA INC: RECENT FINANCIALS 64

FIGURE 17 CUTERA INC.: GEOGRAPHICAL MIX, 2020 (%) 65

FIGURE 18 CUTERA INC.: SEGMENT MIX, 2020 (%) 65

FIGURE 19 CUTERA, INC.: SWOT ANALYSIS 66

FIGURE 20 CYNOSURE: RECENT FINANCIALS 68

FIGURE 21 CYNOSURE: GEOGRAPHICAL MIX, 2020 (%) 68

FIGURE 22 CYNOSURE: SEGMENT MIX, 2020 (%) 69

FIGURE 23 CYNOSURE: SWOT ANALYSIS 70

FIGURE 24 DIMYTH: SWOT ANALYSIS 72

FIGURE 25 LUTRONIC: RECENT FINANCIALS 73

FIGURE 26 LUTRONIC: SWOT ANALYSIS 75

FIGURE 27 SYNERON MEDICAL LTD: RECENT FINANCIAL 76

FIGURE 28 SYNERON MEDICAL LTD:SWOT ANALYSIS 77

FIGURE 29 QUANTA SYSTEMS SpA: SWOT ANALYSIS 79

Tattoo Removal Market