The tattoo removal devices market stood at US$219.1 Mn in 2016 and is projected to be worth US$321.9 Mn by 2022 end. The market is anticipated to expand at a CAGR of 6.7% during 2017 - 2022.
Albany, NY -- (SBWIRE) -- 11/30/2017 -- With an increasing demand for tattoos among young people in recent years, plastic surgeons also see an increase in patients seeking tattoo removal surgery. A lot of people often regret getting a tattoo done because it creates a barrier to employment and social acceptance. Also, this is motivated by a variety of social or psychological reasons, including getting the existing tattoo replaced with a new one. Recently, a study has been compiled which focuses on the current scenario its global market and also offers intensity map of key participants in various regions to get a critical insight into emerging opportunities and strategic landscape. Market Research Hub (MRH) has been recently broadcasted this study to its wide repository, which is headed as "Tattoo Removal Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2022". This 170-pages study also offers a critical evaluation of key factors and notable trends influencing the growth of the market.
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This new research report begins with an executive summary which includes market definition and taxonomy. Besides, executive summary it also offers global tattoo removal devices market's growth estimation with the help of various metrics such as CAGR and Y-o-Y growth rates. Presently, the advent of tattoo removal devices that are largely considered non-invasive and with minimal side-effects are creating huge demand among consumers and bodes well for growth of the tattoo removal devices market. According to the key highlights, the tattoo removal devices market is projected to rise from a valuation of US$232.4 Mn in 2017 to reach a valuation of US$321.9 Mn by 2022 end. The worldwide market is projected to expand at a CAGR of 6.7% throughout the forecast period.
Regional Analysis of Tattoo Removal Devices Market
Geographically, the research study broadly classifies the global tattoo removal devices market into North America, Europe, Latin America, Asia Pacific excluding Japan (APEJ), the Middle East and Africa (MEA), and Japan. Out of these, North America is expected to lead the market throughout the forecast period with highest revenue share. Number of people getting their skin inked is more in North American region which ultimately helps in growth of the tattoo removal market in the region.
In a number of emerging economies, the rising affordability of advanced tattoo removal treatments among populations is a prominent factor fueling the growth of the market. Most importantly, The advent of multicolor tattoo removal devices that cater to most popular ink colors and enable faster treatment is expected to accentuate the market in various developing and developed regions.
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Apart from the geographical segmentation, the global market for tattoo removal treatment is analyzed on the basis of the product type and end-user. Based on product, the report divides the global market into laser-based devices, RF devices, ultrasound devices and others. On the basis of end use, the report bifurcates the market into dermatology clinics and beauty clinics. In recent years, substantial advancements in laser-based devices have boosted the outcome of tattoo removal procedures, thereby catalyzing the growth of the market over the forecast period. As per the report, laser-based devices segment is forecast to generate US$ 142.6 Mn in the global market, accounting for the leading share of 61.3% by 2017 end.
The final section of the report deals with the competitive landscape which highlights the key players that are operating in the tattoo removal devices market along with details such as business positioning, financial standing, and SWOTs. Some of the prominent companies profiled in the report are Alma Lasers, Ltd., Fotona d.d., Sciton, Inc., EL.En. S.p.A., Lynton Lasers Ltd., Solta Medical Inc., Lumenis Ltd., Cynosure, Inc., Syneron Medical Ltd., Lutronic Corporation, and Cutera Inc.
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