Growing Demand for the Tattoo Removal Devices
by Susan Hill Business ConsultantThe
global tattoo removal devices market size is anticipated to
reach USD 219.06 million by 2026, according to a new report by Grand View
Research, Inc. It is expected to expand at a CAGR of 8.5% during the forecast
period. Increasing demand for removal of tattoo among both youth and senior
population due to tattoo regrets is projected to drive the growth. High demand
for non-invasive or minimally invasive procedures for aesthetic treatments is
anticipated to further fuel the growth.
Laser
devices such as Q-Switched Nd-YAG laser, Q-switched ruby laser, and Q-Switched
Alexandrite laser systems are highly efficient and safe for removal of both
black and colored tattoos, thus, are anticipated to facilitate growth of the
market.
Moreover,
according to Astanza Lasers, approximately 45 million Americans have at least
one tattoo and there are nearly 21,000 tattoo parlors in the country. They
generate a potential tattoo removal patient each day, thus, significantly
boosting the market. The average revenue per patient is around USD 1,400 and
with nearly 7 million individuals with tattoo regrets, the tattoo removal
device market is anticipated to present huge opportunities for market players
and investors.
The
prominent players are focused on adopting growth strategies, such as new
product launches, initiatives for expanding product portfolio, funding
programs, and more to sustain the competitive market. Speedy approvals for
technologically advanced removal devices in the developed economies is also
positively affecting the market growth.
Further key
findings from the report suggest:
- Some of the
most common reasons for individuals seeking tattoo removal are fading of
design over time, poor work quality, ex’s name as tattoo, tattoos
hindering job acceptance, and others
- Laser removal
devices segment led the market in 2018 since, laser therapy is the only
safe, effective, and non-invasive procedure
- Dermatology
clinics are highly preferred by individuals for both getting inked and
removal of tattoos due to availability of advanced devices and presence of
certified and trained dermatologist
- North America
leads the tattoo removal market due to presence of large number of tattoo
parlors, availability of advanced devices, and presence of large number of
tattooed individuals
- Asia Pacific is
expected to be the fastest growing region due to high importance of dragon
tattoos in China and growing demand from Japan and India
- Some of the key
market participants are Lutronic Corporation; Hologic (Cynosure,
Inc.);Alma Lasers, Ltd; Syneron Candela; Astanza Lasers; and Cutera Inc.
Access full
research report on global tattoo removal devices market:
https://www.grandviewresearch.com/industry-analysis/tattoo-removal-devices-market
Sponsor Ads
Created on Aug 26th 2019 07:39. Viewed 369 times.