The tattoo removal market size was valued at USD 990.46 million in 2023 and is expected to be worth USD 1,130.22 million in 2024. The market is projected to reach USD 3,570.37 million by 2032, recording a CAGR of 15.46% during the forecast period.
An increasing number of young customers are becoming tattoo enthusiasts, getting inked for a wide range of reasons. However, there are some who regret getting certain tattoos or want to upgrade their current ones. These factors are boosting the demand for tattoo removal services, with many of these treatments being painless and non-invasive. For instance, many customers are opting for laser treatments as they are non-invasive, thereby decreasing the risk of side effects or infections.
However, the COVID-19 pandemic had a negative impact on the market’s growth as tattoo parlor owners were compelled to close down temporarily. This scenario decreased the demand for tattoo removal services.
Fortune Business Insights™ displays this information in a report titled, "Tattoo Removal Market, 2024-2032."
Read More: https://www.fortunebusinessinsights.com/tattoo-removal-market-110418
Segmentation:
Laser Procedures to Gain Major Traction Due to Surgeons’ Preference for Non-Invasive Treatments
Based on procedures, the market is segmented into laser procedures, surgical procedures, dermabrasion, and others. The laser procedures segment is estimated to record the fastest CAGR during the forecast period as several cosmetic surgeons are opting for non-invasive and effective treatments, such as Q-switched lasers to conduct tattoo removal procedures.
Artist Studios Witnessed High Customer Footfall Due to Availability of Affordable Tattoo Erasing Treatments
By facility type, the global market is segregated into artist studios, dermatology clinics, and others. The artist studios segment dominated the market in 2023 as many studios offer tattoo erasing treatments at affordable prices, making them popular among customers.
Women Segment Dominated Market Due to Higher Need to Upgrade Tattoo Among Them
Based on end-user, the global market is bifurcated into women and men. The women segment captured a major market share in 2023 as an increasing number of women are visiting tattoo parlors to upgrade their tattoos.
With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Top Company in the Tattoo Removal Market:
- Removery (U.S.)
- East Coast Worldwide (U.S.)
- Derick Dermatology (U.S.)
- Think Again Laser Clinic (Australia)
- A&E 2020 Corp. (U.S.)
- LUTRONIC (U.S.)
- Laser Ink & LTD Company (U.K.)
- Reno Tattoo Removal (U.S.)
- Tattoo Removal Inc. (U.S.)
- Chroma Tattoo & Laser Tattoo Removal (U.S.)
Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading end-users, facility types, procedures, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
Drivers and Restraints:
Growing Establishment of Dermatology Clinics and Tattoo Parlors to Boost Market Progress
The establishment of dermatology clinics and tattoo studios is increasing at a notable pace across the world to cater to a wide range of skincare and tattoo requirements of customers. Many dermatologists have a separate department dedicated tattoo ink erasing and skin pigmentation treatments. Moreover, tattoo studios are upgrading their tools to offer advanced tattoo erasing services to their customers. These factors are expected to boost the tattoo removal market growth.
However, these procedures are quite costly, which can hamper their demand.
Regional Insights:
Increasing Demand for 3D Printed Tattoos Helped North America Dominate Market
North America dominated the global tattoo removal market share in 2023 owing to the trend of having 3D tattoos printed amongst Mexicans and Americans. The market was valued USD 357.66 million in 2023.
Europe is also expected to showcase the second-fastest growth during the forecast period due to the rising culture of body art.
Competitive Landscape:
Leading Market Players to Focus On Expanding Their Franchise Base to Remain Competitive
Some of the key market players, such as Derick Dermatology, Removery, and East Coast Worldwide, among many others, are focusing on increasing their franchise base to stay ahead of their competitors.
Notable Industry Development:
May 2021 – Allergan Aesthetics announced the acquisition of Soliton, a medical device manufacturer, to increase its presence in the medical aesthetic devices industry. Through the acquisition, the firm will be able to sell Soliton’s laser ink eraser device in the U.S.