The global tattoo removal market is expected to reach USD 4,794.9 million by 2023 at a CAGR of 15.6% during the forecasted period.
The global tattoo removal market is segmented on the basis of therapeutic method, end user and regions. On the basis of therapeutic method, the market is segmented into laser therapy, surgical method, topical creams, and others. The laser therapy segment market accounts the largest share and is expected to reach USD 3,247.7 million by 2023 from USD 970.8 million in 2016 at the CAGR of 15.9% for the forecasted periods.
On the basis on end users, the global tattoo removal market is segmented into laser center, and dermatology clinic, and others. Laser center segment dominated the global market in 2016 and accounted for USD 895.2 million.
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On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific and the Middle East & Africa. North America has the dominating market for safety tattoo removal. The tattoo removal market for North America is estimated at USD 382.3 million in 2016 and expected to reach by USD 1,312.4 million by 2023 at a fastest CAGR of 16.3%.
Key Players
The leading market players in the global tattoo removal market include: Astanza, Cutera, Inc., CynoSure, Dimyth, Lutronic, Syneron Medical Ltd, Quanta System S.p.A., and others.
Study objectives
• To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global tattoo removal market.
• To provide insights about factors influencing and affecting the market growth.
• To provide historical and forecast revenue of the market segments and sub-segments with respect to - regional markets and their countries
• To provide historical and forecast revenue of the market segments based on by treatment method, by end user, by region for global tattoo removal market.
• To provide strategic profiling of key players in the market, comprehensively analysing their market share, and drawing a competitive landscape for the market.
Target Audience
• Pharmaceutical Companies
• Pharmaceutical Suppliers
• Potential investors
• Key executive (CEO and COO) and strategy growth manager
• Research companies
Key Findings
• Laser Therapy accounted for the largest market share in 2016, with a market value of USD 970.8 million and is projected to grow at a CAGR of 15.9% during the forecast period. Surgical Method was the second-largest market, valued at USD 402.7 million in 2016; it is projected to grow at the CAGR of 15.6%.
• The global tattoo removal market for dermatology clinics is projected to reach USD 1,464 million at the CAGR of 16.1% during 2017 to 2023.
• U.S. accounted for the largest market share in 2016, with a market value of USD 457.5 million and is projected to grow at a CAGR of 16.2% during the forecast period. Canada was the second-largest market, valued at USD 124.6 million in 2016; it is projected to grow at a CAGR of 15.0%
The reports also covers regional analysis
• North America
o US
o Canada
• Europe
o Germany
o France
o U.K.
o Italy
o Spain
o Rest of Europe
o Eastern Europe
• Asia Pacific
o Japan
o China
o India
o Republic of Korea
o Rest of Asia-Pacific
• Middle East & Africa
o Middle East
o Africa
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Table Of Contents – Major Key Points
1 Report Prologue 9
2 Market Introduction 13
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 15
3.1 Research Process 15
3.2 Primary Research 16
3.3 Secondary Research 16
4 Market Dynamics 17
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
Continue…….
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