The Tattoo Removal Devices Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Tattoo Removal Devices Market is estimated to be USD 248.61 million in 2017 and predicted to rise to USD 343.83 million by 2022 with a CAGR of 6.70%. The market is segmented by Procedure (Laser-Based Devices, RF Devices, and Ultrasound Devices), and End User (Dermatology Clinics and Beauty Clinics). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The rising demand for noninvasive techniques and safe treatment devices for the removal of the tattoo is a key factor driving the market. The need for effective tattoo removal technologies that help in the removal of multiple ink colors without harming the surrounding skin is a key factor stoking the demand for tattoo removal devices. The rising need for healthy tattoo removal technologies that cause less patient discomfort among adult populations is catalyzing the growth of the market. The introduction of multicolor tattoo removal devices has facilitated the removal of the most popular ink colors and enable faster treatment and in less number of sessions is a crucial factor expected to boost the market in various developing and developed regions. Numerous emerging economies, the rising affordability of advanced tattoo removal treatments among populations is a prominent factor fueling the growth of the market. This is attributed mainly to the rising percentage of insurance coverage. A number of risks associated with tattoo treatment sessions such as blisters, scarring, and discoloration are key factors restricting their demand. However, the rising prominence of laser treatment technologies that aims for a favorable outcome in patients is a key factor expected to fuel the growth of the tattoo removal devices market. Moreover, the development of next-gen tattoo removal laser devices that aim for the removal of the entire color spectrum of tattoo inks and possess the capability of optimal energy output is a significant factor expected to unlock exciting opportunities for market players.
The global Tattoo Removal Devices market is segmented on the basis of Procedure and End User. On the basis of Procedure, the market is segmented into Laser Based Devices, RF Devices, and Ultrasound Devices. Laser based tattoo removal devices accounted for the major share of the market in terms of revenue and are expected to witness prominent demand throughout the forecast period due to an extensive demand for these devices world over for populations of all skin types. Substantial advancements in laser-based devices technology is further fueling the growth of the segment. On the basis of End User, the market is segmented into Dermatology Clinics and Beauty Clinics
Based on geography, the Tattoo Removal Devices market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America accounted for the major share of the market. The ever-increasing demand for laser based tattoo removal devices in various parts of the region is a key factor fueling the growth of the regional market. Europe is a promising market for tattoo removal devices and the regional market held the second largest share of the market in terms of revenue.
The market is dominated by companies like Alma Lasers, Ltd., Fotona d.d., Sciton Inc., EL.En. S.p.A., Lynton Lasers Ltd., Solta Medical Inc., Lumenis Ltd., Cynosure, Inc., Syneron Medical Ltd., Lutronic Corporation, and Cutera Inc.
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