Global Tattoo Removal Devices Market by Device (Laser, Radiofrequency, Ultrasound), by End Use (Dermatology Clinics) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global tattoo removal devices market was valued at USD 114.08million in 2018. It is projected to grow at an 8.5% CAGR by 2026. The main growth drivers are laser treatments for aesthetics and high demand for tattoo reduction. The demand is also driven by a high demand for non-invasive aesthetic procedures.

The high prevalence of regret about tattoos among millennials will drive the demand. According to B&T Magazine's article, almost 28.6% of females want their tattoos removed, and 29.7% of men wish to have their tattoos removed. However, more than 35.0% regret having tattoos on their bodies.

There are many techniques that can be used to remove tattoos. These techniques are safe, effective, and non-invasive. The growing popularity of these methods and the demand for non-invasive techniques is expected to drive the tattoo removal market during the forecast period.

The majority of U.S.-based companies do not hire candidates with tattoos, particularly visible designs below the wrist and above the collar. Pew Research Center conducted a study that found that nearly 76% of participants felt that visible tattoos reduce the chances of hiring candidates during interviews. However, 42% believed that visible tattoos were inappropriate for the workplace. These social issues will likely increase demand for tattoo removal.

Device Insights

The market can be divided into radiofrequency, laser and ultrasonic devices. Laser therapy, which was valued at USD 71.0 millions in 2018, is expected to grow at a rapid rate over the forecast period.

There are three types of lasers: Q-Switched Nd YAG laser, Q–switched ruby and Q–Switched Alexandrite. These devices are efficient in removing both black and colored tattoos. Segment growth is expected to be fueled by features such as the decreased risk of infection, minimal damage to nearby skin cells, and no side effects.

End-Use Information

The tattoo removal device market can be divided by end-use into two segments: dermatology clinics and spas and beauty centers. In 2018, the dermatology clinics market was the most dominant, due to the presence of certified and skilled professionals at such clinics. The proper medical training of dermatologists is essential to avoid scarring, changes in skin texture, burns, or other injuries during and after treatment. This increases safety and facilitates segment growth.

Due to the speedy approvals by local authorities, the segment of medical spas and beauty centers is expected to grow at a significant CAGR during this forecast period. This segment is expected to grow due to the increasing popularity of these centers, which are located near coffee shops, clubs, or other youth attractions.

Medical spas and beauty centres are being encouraged to use innovative methods of removing unwanted hair. Medical spas use safe and clean techniques. These treatments can also be performed only by licensed professionals, which facilitates segment growth.

Regional Insights

North America dominated the market. It is expected to grow at a profitable CAGR over the forecast period. This is due to an increasing number of tattoo parlors, individuals getting inked and the availability of advanced techniques.

In 2018, Europe surpassed North America in market share due to the rapid adoption of laser technology and growing innovation in laser tattoo removal techniques. The region's growth is also being driven by high consumer preference for laser treatments over other options.

Asia Pacific is expected to be the fastest growing region due to an increase of people getting inked in countries like India and Japan. The growth is expected to be fueled by rising disposable income, especially in developing nations.

Market Share Insights & Key Companies

Lutronic Corporation, Hologic (Cynosure, Inc.), Alma Lasers, Ltd., Syneron candela, Astanza, and EL.En. are some of the market leaders. S.p.A., Cutera Inc., and Lumenis Ltd. These companies are involved in the enhancement of existing technologies, new product launches and product portfolio expansion. Lutronic, a market leader, announced that the U.S. Food and Drug Administration (FDA), approved the Lutronic Genius device for February 2019. This highly efficient device features "smart" features that will assist doctors in providing exceptional care to patients.

Market Report on Tattoo Removal Devices

The Report Covers Certain Segments

This report provides a forecast of revenue growth at the global, regional and country level and analyzes the most recent industry trends in each sub-segment from 2015 to 2026. Grand View Research segmented the global market for tattoo removal devices based on device, end-use and region.

• Device Outlook (Revenue USD Million, 2015-2026)

  • Laser

  • Radiofrequency

  • Ultrasound

• End-Use Outlook, Revenue, USD Million, 2015-2026

  • Dermatology Clinics

  • Medical Spa & Beauty Centers

• Regional Outlook (Revenue USD Million, 2015-2026)

  • North America

    • The U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

  • Latin America

    • Brazil

    • Mexico

    • Argentina

    • Colombia

  • Middle East and Africa (MEA).

    • South Africa

    • Saudi Arabia

    • UAE

These are the most frequently asked questions about this report

b. Global tattoo removal device market was valued at USD 122.8 Million in 2019, and is forecast to grow to USD 132.6 Million in 2020.

b. Global tattoo removal device market is expected grow at 8.5% compound annual growth rate from 2019-2026, to reach USD 219.0 millions by 2026.

b. With a 33.5% share in 2019, North America dominated tattoo removal devices. This can be attributed to the increasing number of tattoo parlors, individuals inking themselves and advanced techniques.

b. Lutronic Corporation, Hologic (Cynosure, Inc.), Alma Lasers, Ltd., Syneron candela, Astanza, EL.En. are some of the key players in the tattoo removal device market. S.p.A.; Cutera Inc.; Lumenis Ltd.

b. Market growth is driven by a high rate of tattoo regret among millennials, as well as social issues like reduced job prospects.

Up Market Research published a new report titled “Tattoo Removal Devices Market research report which is segmented by Device (Laser, Radiofrequency, Ultrasound), by End Use (Dermatology Clinics), By Players/Companies Lutronic Corporation; Hologic (Cynosure, Inc); Alma Lasers, Ltd; Syneron candela; Astanza; ELEn SpA; Cutera Inc; and Lumenis Ltd”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Tattoo Removal Devices Market Report Segments:

The market is segmented by Device (Laser, Radiofrequency, Ultrasound), by End Use (Dermatology Clinics).

Tattoo Removal Devices Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Tattoo Removal Devices Market

Overview of the regional outlook of the Tattoo Removal Devices Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Tattoo Removal Devices Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Tattoo Removal Devices Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Laser

                2. Radiofrequency

                3. Ultrasound

                1. Dermatology Clinics

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Tattoo Removal Devices Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Tattoo Removal Devices Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.