Tattoo Removal Device Market Introduction and Overview
According to SPER Market Research, the Global Tattoo Removal Device Market is estimated to reach USD 20.6 billion by 2033 with a CAGR of 16.69%.
The report includes an in-depth analysis of the Global Tattoo Removal Device Market, including market size and trends, product mix, applications, and supplier analysis. A tattoo is a mark made on the body that can be temporary or permanent and created via embedding ink or pigment under the skin. People's ritual beliefs and a range of emotions have been linked to tattoos since ancient times. However, some of the main causes of the necessity for tattoo removal include remorse over a tattoo, fading or blurred, or rigorous company norms. The procedure of getting rid of an undesired tattoo is called tattoo removal. The top layer of skin is not covered by the ink and therefore getting a tattoo removed is harder and more expensive than getting one done. Tattoo removal techniques can be broadly classified into two groups: laser and surgical methods.
- April 2023; Alma Lasers, located in Israel, introduced the Harmony XL Pro+ platform for tattoo removal. This state-of-the-art device used a variety of laser wavelengths and innovative technology to successfully and precisely remove tattoos.
- February 2023; BTL Aesthetics (India), a leading supplier of energy-efficient aesthetic equipment, was bought by Cutting Edge Technologies, Inc. (US). This strategic acquisition expanded Cutura's product offering and market research within the tattoo removal sector.
- January 2023; A significant finance round headed by EW healthcare partners was secured by Syneron Medical Ltd (US). The investment was made with the intention of assisting with research and development projects for creative tattoo removal methods.
Market Opportunities and Challenges
The market is expected to grow significantly, as more people use laser tattoo removal solutions to improve the appearance of their skin. Businesses are investing into developing solutions that eradicate the full colour spectrum in lesser treatment cycles since each laser targets a separate family of hues. Nowadays, intense pulsed light treatment is the most widely used technique for tattoo removal, and it works better than lasers, ass it takes less time and fewer treatment sessions to completely remove tattoos. Therefore, it is projected that during the forecast period, technical advancements in tattoo removal technologies would offer attractive potential for market expansion.
The high expense of laser treatments and some of the negative consequences of tattoo removal treatments will prevent the market from expanding. Further challenging the tattoo removal equipment business will be stringent rules and a lack of awareness. In addition, tattoo removal creams are expensive and need to be applied often over a long period of time. Thus, all of the aforementioned considerations point to the high cost of tattoo removal, which is anticipated to limit market growth throughout the forecast period.
Market Competitive Landscape
Players in the industry are vying for a competitive advantage by concentrating on creating innovative products, forming strategic alliances, and expanding their geographic reach. Furthermore, in an effort to draw in more clients and raise knowledge of tattoo removal, players are also spending money on marketing and promotion. Developing and launching new advanced products based on various technologies is a significant market strategy. The major players in the Global Tattoo Removal Device Market include: Alma Lasers, ASCLEPION, Astanza, Candela Corporation, Cutera, Inc., Cynosure, Inc., Eclipse Skin Technology LTD., Fotona, Lumenis Be Ltd., Lutronic Corporation, Quanta System, and others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Technique, By End User
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Alma Lasers, ASCLEPION, Astanza, Candela Corporation, Cutera, Inc., Cynosure, Inc., Eclipse Skin Technology LTD., Fotona, Lumenis Be Ltd., Lutronic Corporation, Quanta System, and others.
|
COVID-19 Impact on Global Tattoo Removal Device Market
The sector for tattoo removal devices is significantly impacted by the COVID-19 epidemic, with producers facing challenges as a result of a growing disparities between supply and demand. When patient appointments for cosmetic procedures were momentarily halted, the market suffered losses. Clinics, tattoo parlors, and hospitals shuttered to stop the infection from spreading. Nonetheless, tattoo removal operations have returned as governments in a number of nations have permitted the resumption of elective aesthetic procedures. Additionally, since the pandemic, there has been an increase in requests and appointments for a variety of non-surgical cosmetic procedures, which is anticipated to drive market expansion.
Key Target Audience:
- Dermatologists and Plastic Surgeons
- Aesthetic Clinics and Medical Spas
- Tattoo Studios
- Beauty and Wellness Centers
- Hospitals and Healthcare Facilities
- Individual Practitioners
- Research Institutions and Academia
- Distributors and Resellers
- Government and Regulatory Bodies
- Consumers
Our in-depth analysis of the Tattoo Removal Device Market includes the following segments:
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By Product Type: |
Laser-Based Devices
Radiofrequency Devices
Ultrasound Devices
Others
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|
By Technique: |
Passive Laser Tattoo Removal Technique
Active Laser Tattoo Removal Technique
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By End User: |
Dermatology Clinics
Medical Spa and Beauty Centers
Tattoo Studios
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Key Topics Covered in the Report:
- Global Tattoo Removal Device Market Size (FY’2024-FY’2033)
- Overview of Global Tattoo Removal Device Market
- Segmentation of Global Tattoo Removal Device Market By Product Type (Laser-Based Devices, Radiofrequency Devices, Ultrasound Devices, others)
- Segmentation of Global Tattoo Removal Device Market By Technique (Passive Laser Tattoo Removal Technique, Active Laser Tattoo Removal Technique)
- Segmentation of Global Tattoo Removal Device Market By End User (Dermatology Clinics, Medical Spa and Beauty Centers, Tattoo Studios)
- Statistical Snap of Global Tattoo Removal Device Market
- Expansion Analysis of Global Tattoo Removal Device Market
- Problems and Obstacles in Global Tattoo Removal Device Market
- Competitive Landscape in the Global Tattoo Removal Device Market
- Impact of COVID-19 and Demonetization on Global Tattoo Removal Device Market
- Details on Current Investment in Global Tattoo Removal Device Market
- Competitive Analysis of Global Tattoo Removal Device Market
- Prominent Players in the Global Tattoo Removal Device Market
- SWOT Analysis of Global Tattoo Removal Device Market
- Global Tattoo Removal Device Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Tattoo Removal Device Market
5. Market variable and outlook
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
6. Competitive Landscape
6.1. Global Tattoo Removal Device Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Tattoo Removal Device Market
7. Global Tattoo Removal Device Market, By Product Type (USD Million)
7.1. Global Tattoo Removal Device Market Value Share and Forecast, By Product Type, 2023-2033
7.2. Laser-Based Devices
7.3. Radiofrequency Devices
7.4. Ultrasound Devices
7.5. Others
8. Global Tattoo Removal Device Market, By Technique (USD Million)
8.1. Global Tattoo Removal Device Market Value Share and Forecast, By Technique, 2023-2033
8.2. Passive Laser Tattoo Removal Technique
8.3. Active Laser Tattoo Removal Technique
9. Global Tattoo Removal Device Market, By End User (USD Million)
9.1. Global Tattoo Removal Device Market Value Share and Forecast, By End User, 2023-2033
9.2. Dermatology Clinics
9.3. Medical Spa and Beauty Centers
9.4. Tattoo Studios
10. Global Tattoo Removal Device Market Forecast, 2020-2033 (USD Million)
10.1. Global Tattoo Removal Device Market Size and Market Share
11. Global Tattoo Removal Device Market, By Product Type 2020-2033 (USD Million)
11.1. Global Tattoo Removal Device Market Size and Market Share By Product Type (2020-2026)
11.2. Global Tattoo Removal Device Market Size and Market Share By Product Type (2027-2033)
12. Global Tattoo Removal Device Market, By Technique, 2020-2033 (USD Million)
12.1. Global Tattoo Removal Device Market Size and Market Share By Technique (2020-2026)
12.2. Global Tattoo Removal Device Market Size and Market Share By Technique (2027-2033)
13. Global Tattoo Removal Device Market, By End User, 2020-2033 (USD Million)
13.1. Global Tattoo Removal Device Market Size and Market Share By End User (2020-2026)
13.2. Global Tattoo Removal Device Market Size and Market Share By End User (2027-2033)
14. Global Tattoo Removal Device Market, By Region, 2020-2033 (USD Million)
14.1. Global Tattoo Removal Device Market Size and Market Share By Region (2020-2026)
14.2. Global Tattoo Removal Device Market Size and Market Share By Region (2027-2033)
14.3. Asia-Pacific
14.3.1. Australia
14.3.2. China
14.3.3. India
14.3.4. Japan
14.3.5. South Korea
14.3.6. Rest of Asia-Pacific
14.4. Europe
14.4.1. France
14.4.2. Germany
14.4.3. Italy
14.4.4. Spain
14.4.5. United Kingdom
14.4.6. Rest of Europe
14.5. Middle East and Africa
14.5.1. Kingdom of Saudi Arabia
14.5.2. United Arab Emirates
14.5.3. Rest of Middle East & Africa
14.6. North America
14.6.1. Canada
14.6.2. Mexico
14.6.3. United States
14.7. Latin America
14.7.1. Argentina
14.7.2. Brazil
14.7.3. Rest of Latin America
15. Company Profile
15.1. Alma Lasers
15.1.1. Company details
15.1.2. Financial outlook
15.1.3. Product summary
15.1.4. Recent developments
15.2. ASCLEPION
15.2.1. Company details
15.2.2. Financial outlook
15.2.3. Product summary
15.2.4. Recent developments
15.3. Astanza
15.3.1. Company details
15.3.2. Financial outlook
15.3.3. Product summary
15.3.4. Recent developments
15.4. Candela Corporation
15.4.1. Company details
15.4.2. Financial outlook
15.4.3. Product summary
15.4.4. Recent developments
15.5. Cutera, Inc.
15.5.1. Company details
15.5.2. Financial outlook
15.5.3. Product summary
15.5.4. Recent developments
15.6. Cynosure, Inc.
15.6.1. Company details
15.6.2. Financial outlook
15.6.3. Product summary
15.6.4. Recent developments
15.7. Eclipse Skin Technology LTD.
15.7.1. Company details
15.7.2. Financial outlook
15.7.3. Product summary
15.7.4. Recent developments
15.8. Fotona
15.8.1. Company details
15.8.2. Financial outlook
15.8.3. Product summary
15.8.4. Recent developments
15.9. Lumenis Be Ltd.
15.9.1. Company details
15.9.2. Financial outlook
15.9.3. Product summary
15.9.4. Recent developments
15.10. Lutronic Corporation
15.10.1. Company details
15.10.2. Financial outlook
15.10.3. Product summary
15.10.4. Recent developments
15.11. Quanta System
15.11.1. Company details
15.11.2. Financial outlook
15.11.3. Product summary
15.11.4. Recent developments
15.12. Others
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
