Market Trends of Global Tattoo Removal Industry
This section covers the major market trends shaping the Tattoo Removal Market according to our research experts:
Laser Devices Segment is Expected to Hold a Significant Market Growth Over the Forecast Period
Factors such as expansion and research studies are expected to increase market growth in the upcoming future. Laser therapy has become one of the more preferred treatments for tattoo removal since it offers a low-risk option with minimal side effects. The procedure uses high-intensity laser (light amplification by stimulated emission of radiation) beams to break up the pigment colors of a tattoo. The type of laser used generally depends on the pigment colors. Different lasers or different settings of the same laser are needed for different colors. A Q-Switched laser is commonly used to remove tattoos. The laser selectively targets and removes the tattoo without damaging the surrounding tissue, which greatly decreases scarring. Most tattoos do require multiple treatments.
The expansion by the key market players is also driving the market growth. For instance, in August 2021, DelCoast Laser Tattoo Removal expanded its presence in Delaware, United States. DelCoast Laser Tattoo Removal specializes in removing unwanted tattoos and transforming the skin using advanced Q-switched laser technology. Such expansion will increase the market growth in the upcoming period. The increasing research and development activities to introduce new and advanced products are boosting the market growth.
For instance, according to an article published in May 2021, titled 'Laser Tattoo Removal Procedure & Benefits', nowadays, one of the most popular procedures among those who have tattoos is laser tattoo removal owing t its various benefits such as highly safe and successful procedure, can remove all type of inks very efficiently, quick recovery and minimum pain among others. Hence, the use of laser systems in tattoo removal procedures is expected to increase over the years and the segment will grow. Thus, the above-mentioned factors are expected to drive the segment growth over the forecast period.
North America is Expected to Hold a Significant Share in the Market Over the Forcast Period
The major factors driving the market growth in North America include well-established healthcare systems, the presence of key market players, and increasing investment in research and development activities. With the increasing change in lifestyles, many have been opting for tattoo removal procedures in these countries. With the technological advancement in these countries, the demand for innovative tattoo removal procedures is expected to increase in the region. The market players in the United States are adopting various strategies, such as partnerships, collaborations, and merges, to increase their market shares. For instance, in September 2020, Aesthetic Solutions entered into an agreement with Soliton to sell Soliton's rapid acoustic pulse device and design cartridges across the United States, following their commercial launch in 2021. Aesthetic Solutions will be focusing on placing the rapid acoustic pulse device catering to physicians with expertise in tattoo removal as well as cellulite reduction.
Similarly, business expansion activities such as opening of the new facility of centers by the players in the region are further expected to boost the market growth. For instance, in July 2020, Removery, a laser tattoo removal business formed by industry experts from North America, started operating in 31 cities in the United States and Canada. The company is a partnership between Eraser Clinic, Invisible Ink Tattoo Removers, and The Finery, and Precision Laser. Hence, increasing presence in the region is another factor in the market growth. Thus, due to the above-mentioned factors, the North American region is expected to occupy a significant share of the tattoo removal market over the forecast period.
