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Tattoo Removal Market: Size, Statistics, Growth Analysis and Industry Facts: At a CAGR of 15.6%: Forecast to 2023

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.

 

Pune, India -- (SBWIRE) -- 03/30/2018 -- MarketResearchFuture.com published a Cooked research report on "Global Tattoo Removal Market Research Report - Forecast to 2023" reports to its database. – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

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Globally the market for tattoo removal is expected to grow at the rate of about 15.6% from 2017 to 2023.

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!

Regional Analysis:
North America is the largest market for tattoo removal led by the U.S. North America market is anticipated to generate USD 1,944.4 million by the end of forecast period.

Europe accounts for the second-largest market led by France, Germany, U.K. and others owing to increasing adoption of laser technology and growing acceptance of body aesthetics.

Asia-Pacific market is expected to be the fastest growing market owing traditions of tattooing in nations such as Japan, China and South Korea which has spread to other nations like India and China. China and Japan have historical cultural connection with tattoos. Asia-Pacific is expected to the fastest growing region at the CAGR rate of 16.2% during the forecast period.

Middle East & Africa are expected to be laggards owing to their poor economic conditions and lack of tattoo culture in the Middle East.

Key Players:
Some of the key players in the tattoo removal market are Lutronic, Astanza, CynoSure, Syneron Medical Ltd., Cutera Inc, Dimyth, and Quanta System S.p.A. and others.

Market Scenario:

Tattoos are permanent skin markings made by injecting ink using needles into dermis, the second layer of the skin. The global tattoo removal market is anticipated to reach expected to reach $4,794.9 million and to generate a growth rate of about 15.6% during the forecast period of 2017 to 2023.

Market Dynamics:

Drivers

Growing acceptance of tattooing owing to increasing popularity, to pay tribute and memorial to life's purpose, marking special events, body art, artistic and expression, and others is the prime driver of the market. Poor art work, personal makeover, fads, differentiating negative impression generate by tattoos, negative influence of person's professional life, and changing religious and personal beliefs and others are driving the market. Another issues is that 80% of tattooing decisions are made in immaturity which results in dissociative effects.

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What makes our report unique?
1) An extensive research study on the Global Tattoo Removal market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Tattoo Removal market.

2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.

3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.

Restraints:
Cost of treatment, fear of skin damage and others are the restraints acting on the market. Slight pain, and scarring in certain cases are other restraints. The difficulty in eliminating the blue and green colors is another drawback of the present treatment options.

Segments:
To generate a bird's view the tattoo removal market has been segmented on the basis of treatment method, end users and regions.

Treatment method - laser therapy, surgical method, topical creams and others. Laser therapy accounts for the largest market share of 66% in 2016.

End user - Laser centers, dermatology clinics, and other. Laser centers is expected to dominate the market with a market share of 60.9% in 2016.

Region - North America, Europe, Asia Pacific, Middle East and Africa.

Industry News:

Substitution of Q-wave lasers by picosecond lasers:
Picosecond Lasers – Picosecond lasers release 1000 times more energy than Q-switched lasers, shattering tattoo ink particles into tiny fragments and letting body's immune system to eliminate it, which leads to less treatment frequency and faster results. Picosecond Lasers also results in eliminating the difficult to remove blue and green inks. Picosecond Lasers also eliminated the need for switching different Q-wave lasers to target different colors in a tattoo, resulting in less scaring.

Bisphosphonate liposomal tattoo removal technology has been incorporated in a topical cream designed to target the white blood cells called macrophages which retain tattoos.

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