Tattoo Removal Lasers Market: Global Size, Share, Trends, Growth and Forecast, 2022-2032
The tattoo removal lasers market is anticipated to flourish at a CAGR of 6.4% over the forecast period i.e. 2020-2025. Further, the market for tattoo removal lasers was valued at USD XXX.X Million in 2019.
Growth Drivers – Tattoo Removal Lasers Market
Rising Number of People with Tattoo Regret
Growth number of tattooed people is believed to offer significant growth opportunities to global tattoo removal lasers market. According to Northern University survey poll, about 25% of the population had tattoo regret. Further, growing awareness among population regarding advanced tattoo removal methods is likely to impel the growth of global tattoo removal lasers market. Moreover, increasing demand for non-invasive procedures is anticipated to impel the growth of global tattoo removal lasers market in the years ahead.
Development of New Technologies
Various leading manufacturers of tattoo removal lasers continuously accelerating the speed of innovation and new product launch. This factor is envisioned to bolster the growth of global tattoo removal lasers market. In December 2019, Soliton, Inc. launched a new acoustic shockwave technology for quick laser tattoo removal. This technology significantly accelerates the removal process. Continuous technological advancements is anticipated to boost the growth of tattoo removal lasers market.
Barriers – Tattoo Removal Lasers Market
High Cost of Tattoo Removal Lasers
High cost associated of treatment associated with laser tattoo removal is a major factor obstructing the growth of global tattoo removal lasers market. People in low income countries find its too expensive and hence reluctant to go for tattoo removal procedures.
The tattoo removal lasers market by product type is segmented into Q-switched lasers, picosecond lasers and combination lasers. Rising adoption of laser treatments coupled with increasing demand for tattoo removal are anticipated to intensify the growth of global tattoo removal lasers market.
Further, global tattoo removal lasers market is also segmented by end users into aesthetic clinics and tattoo studios. Aesthetic clinics segment is anticipated to witness highest year-on-year growth during the forecast period.
Geographically, the report offers analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In tattoo removal lasers market, North America led global tattoo removal lasers market and is anticipated to grow at a robust rate during the forecast period. Rising number of tattoo parlors in the region is expected to positively impact the growth of North America tattoo removal lasers market. Moreover, Asia Pacific tattoo removal lasers market is anticipated to showcase lucrative growth during the forecast period. Factors such as increasing base of tattooed people and rising disposable income in the region is paving the way for the growth of tattoo removal lasers in Asia Pacific.
The report profiles various major market players such as;
- Hologic Inc. (Cynosure, Inc.)
- Syneron Medical Ltd.
- Lynton Lasers Ltd
- EL.EN. S.p.A. (Deka Mela S.r.l.)
- Fotona d.o.o
- Cutera, Inc.
- Lutronic Corporation
- Alma Lasers Ltd.
- Beijing Nubway S & T Co., Ltd
- Other Key & Niche Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).
The study also provides company’s positioning and market share in tattoo removal lasers market.
Timeline Considered for Analysis:
- 2019: Base Year
- 2020: Estimated Year
- 2020 to 2025: Forecasted Year
Research Scope and Deliverables
Overview & Executive Summary
Market Drivers, Trends, Challenges and Opportunities
Market Size and Forecast Projections
Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
Porter’s Five Force Analysis
Market Segmentation Analysis:
Industry report analyzes the global tattoo removal lasers market by the following segments:
- Product Type
- End User
Customization: We also offers customization’s in the industry report as per the company’s specific needs.
Key Questions Answered in the Global Tattoo Removal Lasers Industry Report
- What is the overall market size in 2019? What will be the market growth during the forecast period i.e. 2020-2025?
- Which region would have high demand for product in the upcoming years?
- What are the factors driving the growth of the market?
- Which sub-market will make the most significant contribution to the market?
- What are the market opportunities for existing and entry-level players?
- What are various long-term and short-term strategies adopted by the market players?