Global Tattoo Removal Laser Market Research Report: Forecast (2021-2026)

Laser tattoo removal utilizes the physical properties of photoselective thermolysis to remove tattoo pigment. It involves the mechanism of breaking up the pigment colors into microscopic particles using a high-intensity light beam. These particles then get flushed out through the body's lymphatic system.

The Global Tattoo Removal Laser Market is anticipated to grow at a CAGR of around 7.7% during the forecast period, i.e., 2021-26, says MarkNtel Advisors in their research report. The practice of tattooing is rising rapidly, primarily due to the surge in the socio-cultural phenomenon that several countries have witnessed in recent years. Subsequently, there is a mounting demand for laser tattoo removal in countries like India, wherein armed forces have a strict condition of permitting a tattoo only on specific body parts.

Various advantages of laser treatment for tattoo removal have encouraged consumers to prefer this treatment over other procedures. Hence, the rapid surge in the number of laser procedures performed for tattoo removal is expected to drive the market in the coming years.

An Outlook on the COVID-19 Impact on Global Tattoo Removal Laser Market

• Last year, the Covid-19 pandemic catastrophically impacted almost all industries globally, where the Global Tattoo Removal Laser Market was no exception.
• With the imposition of lockdown, the manufacturing & supply chain was hampered, which resulted in delays in delivering tattoo removal devices and hindered the need for respective services.
• Additionally, the temporary shutdown of major end-user facilities, including tattoo removal centers and dermatology clinics, causes significant revenue losses to the leading players operating in the market.
• However, with the gradual upliftment of lockdown and ease of restrictions, the market is recovering and shows the potential of witnessing around 7.7 CAGR in the coming years.

Market Segmentation

By Type:

Demand for Q-Switched Ruby Laser is Growing Significantly in the Global Tattoo Removal Laser Market

The Q-Switched Ruby Laser, one of the most effective types for tattoo removal, has a wavelength of 694nm and can eliminate even the most stubborn color of the tattoo. The laser beam breaks up the ink pigment into microscopic pieces, which get further flushed from the body through its natural functions.

Moreover, this laser type does not harm the surrounding skin or tissue while reducing bleeding during and after the procedure. It treats unwanted tattoos in a fewer number of treatment sessions than some other laser devices. Also, since the Q-switched ruby laser does not damage the treated area, it has lower downtime. Hence, the factors cited above are expected to encourage the demand for Q-Switched Ruby Lasers in the years to come.

By Usage Area:

Aesthetic Clinics Dominated the Global Tattoo Removal Laser Market

The laser treatment for tattoo removal requires a high level of concern. In an Aesthetic Clinic, the patient is handled by a certified professional. Hence, the trust associated with the service is high in these clinics. The tattoo removal procedure requires multiple sessions & constant monitoring for a few days after completion. Aesthetic clinics can help maintain long-term health & wellbeing. The professionals in these clinics recommend a proper tattoo removal procedure and provide better care after its completion based on the patient’s history. Hence, consumers prefer aesthetic clinics more than tattoo studios.

Regional Landscape:

North America Acquired the Largest Share in the Global Tattoo Removal Laser Market

Geographically, North America accounted for the largest share of the Global Tattoo Removal Laser Market in the previous few years. The primary factor behind North America’s market dominance is the strong presence of key market players and well-established healthcare systems.

In the region, the United States dominates the market owing to various technological advancements in the country. According to a 2019 poll by Ipsos, 30% of all Americans, regardless of age, have at least one tattoo. The trend of tattooing is dramatically increasing in the US, which shall eventually lead to more people opting for tattoo removal. Hence, the demand for tattoo removal lasers is expected to increase significantly in North America over the forecast years.  

Market Dynamics:

Key Drivers

Surging Cases of ‘Tattoo Regrets’ to Drive the Tattoo Removal Laser Market

The trend and acceptance of tattooing are mounting dramatically across society. With this, the need for tattoo removal procedures is also expected to grow. ‘Tattoo regret’ has gained immense popularity, which is encouraging people towards tattoo removal procedures. Various industries across the globe abstain candidates from having tattoos, especially the visible ones, such as above the color or on the face & wrist, as it is considered unprofessional. 70% of US business owners do not favor tattoos on employees

Further, various technologies are being tested and used in the tattoo removal lasers landscape. With developments for tattoo removal lasers, the demand for 'tattoo removal' lasers is increasing as it allows the session to be shorter and completed with no scars & masks.

Market Challenges

High Costs of Tattoo Removal Might Hinder the Global Tattoo Removal Laser Market Growth

The high costs of tattoo removal devices & therapies minimize consumers’ willingness to opt for the procedure, primarily in the emerging regions, with unfavorable reimbursement scenarios & lower disposable income. These procedures require numerous sessions for attaining the desired outcome, which results in more overall treatment cost.

According to Astanza Laser, a company that manufactures tattoo removal lasers, it costs about ten times more to get a tattoo removed than it costs to have it applied. The minimum price for the treatment session for an extra-small tattoo is approximately in the range of between $75 - $125. Hence, the facts cited above are the primary pointers that may refrain the market from significantly growing in the coming years.

Key Questions Answered in the Market Research Report:

1. What are the overall statistics or estimates (Overview, Size- by Value, Forecast Numbers, Segmentation, and Shares) of the Global Tattoo Removal Laser Market?
2. What is the region-wise industry size, growth drivers, and challenges?
3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Tattoo Removal Laser Market?
4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Tattoo Removal Laser Market based on a competitive benchmarking matrix?
5. What are the key results derived from the surveys conducted during the Global Tattoo Removal Laser Market study?