In the coming years, it is expected that the Global Tattoo Removal Market will advance with higher growth rate as compared to previous years. Rising pressure to curb healthcare costs has fuelled the growth of the market for Tattoo Removal Market.
Pune, India -- (SBWIRE) -- 01/23/2018 -- MarketResearchFuture.com adds "Tattoo Removal Market -2017 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2023" reports to its database.
The report titled "Tattoo Removal Market -Forecast to 2023? is a direct appreciation by Market Research Future of the market potential of the Tattoo Removal Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today's winner takes all market! Globally the market for tattoo removal is expected to reach $4,794.9 million by 2023 and to grow at the rate of about 15.6% from 2017 to 2023.
Market Scenario of the Tattoo Removal Market:
Tattoos are permanent markings in the skin made by injecting ink using needles into the second layer of skin called dermis. The broadening acceptance by mainstream culture and celebrities such as the matching camouflage shark by Rihanna and Drake, tiny cross by Justin Bieber, and others are strong drivers of the market. However if tattoos are gaining momentum and really are for the masses, then so is tattoo removal!
Market Dynamics of Tattoo Removal Market:
The faster frequency of fads, impulsive momentary behaviour, immature decision and the emergence of throw-away social culture are the critical driver of the market. The growing number of deviant cultures, growing influence of media and fashion, hip hop cultures, are other drivers of the market. The growing number of teenage population is a strong indicator of the regional market as most of the people getting their skin inked are between the ages 18 to 24, with almost 80% of these decisions are made from immaturity.
There has been a tremendous growth in the number of people getting their skin inked and so do in the number of people getting it removed. The vacillation between acceptance and strain by the negative perception by mainstream culture has increased the market. Moreover, the poor art work, personal makeover has driven market for tattoo removal. The negative perception created by tattoo's on person's professional life is also a strong driver on the market.
The market constraints are cultural connections and broader social acceptance, such as in nations such as China, Japan and others, discomfort during tattoo removal, cost of tattoo removal and others.
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Key Players for Tattoo removal Market:
Some of the Key Players in this market are: Astanza, Cutera Inc, CynoSure, Dimyth, Lutronic, Syneron Medical Ltd., and Quanta System S.p.A.
Segments of Tattoo Removal Market:
Treatment method - Laser Therapy, Surgical Method, Topical Creams and others. Laser therapy accounted for the largest market share of 66% of total market in 2016.
End user - Laser centres, dermatology clinics, and other. Laser centres dominated the global market with the largest market share of 60.9% of the total market in 2016.
Regional Analysis of Tattoo removal Market:
Globally North America is the largest market for Tattoo removal. This large share is majorly due to the large number of tattoo studios in the United States and the huge tattoo loving population. North America holds the largest market share of Tattoo removal market and is anticipated to reach $1,944.4 million by the end of forecast period. Europe is the second-largest market majorly due to greater acceptance of cultures such as Goths culture for the purpose of body aesthetics.
Furthermore, Asia-Pacific market is expected to be the fastest growing market for Tattoo removal due to growing tattoo acceptance in developing countries like India. China and Japan are the countries having cultural connection with the tattoos that goes long back in the history. Rising number of people opting to go for Laser therapy in order to get rid of tattoos is boosting the tattoo removal market in this region. Globally, Asia-Pacific the fastest growing region and expected to grow at the rate of 16.2% during the forecast period.
Middle East & Africa have a small moderately growing market due to the poor affordability and hesitant approach of people towards body aesthetics. The gulf region has the lowest market due to conservative culture and low acceptance.
However it has to be noted that although the demand for tattoo removal are quite high in developed countries like the U.S., Latin American countries such as Venezuela, Brazil and others have a disproportionate share of market considering their low income as compared to the U.S. The market of these nations is influenced to a considerable degree by the tourism and fashion industry. Advertisement and greater exposure seems to be the best strategy to be a market leader along with product development. Thus the market represents a clustered outlook.
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