tattoo-removal-lasers-market

Tattoo Removal Lasers Market By Type (Q-switched Ruby Laser (694 nm), Q-switched Nd:YAG Laser (532 nm, 1064 nm), Q-switched Alexandrite Laser (755 nm), Picosecond Laser, Combination Laser), By Usage Area (Tattoo Studios, Asthetic Centers) - Growth, Future Prospects & Competitive Analysis, 2024 – 2032

04 Mar 2019 Format PDF icon PPT icon XLS icon Request Sample

The practice of tattooing has been growing in recent days due to changing sociocultural phenomena. Furthermore, due to fickle decisions, there has also been a rising trend of cases of laser removal in clinics and tattoo studios. Some professions also expect absence of tattoos at specific sites. Salabrasion and CO2 lasers were the older clinical methods of tattoo removal which were caustic and caused significant residual pigmentation and scarring. This has led to discontinuation of such treatments. Such reported shortcomings prevented people from opting to laser tattoo removal using the normal mode of ruby laser. The advent of Q-switched lasers formed the basis of tattoo removals. Several tattoo removal methods with laser are witnessing growing demand in the population for partial or complete tattoo removal. 

Dermatology asthetics is also witnessing significant traction in emerging countries, which as consequently resulted in augmenting the demand for tattoo removal solutions. Growing preference for colored tattoos and the resultant growth in demand for multicolor tattoo removal which can remove tattoos of several pigments while giving minimal discomfort to patients with reduced scarring. As tattoo removal technologies are advancing, safety, and need for less removal sessions are ensured therefore attracting more and more patients towards opting for laser tattoo removal. 

"Q-switched lasers to hold the dominant market share"

Q-switched lasers are viewed as the gold standard for laser-enabled tattoo removal. These systems are more effective in removing tattoos with a well-established safety profile, despite certain limitations. Currently, several sessions are required over a period of time have remained the suite for laser tattoo clearing. Some of the prominent limitations of Q-switched tattoo removal include remaining traces of pigment, longer treatment duration with large gaps between sessions, ink retention, and side effects such as dyschromia and blistering. Several initiatives are being undertaken to oversome such limitations by technique modifications thus bringing methods such as R20, R0, combination of imiquimod and Q-switch laser and so on. This makes Q-switch laser as the mainstay of laser tattoo removal solutions as demonstrated in several studies and reviews. There are situations where more than one type of laser is used for removing multicolored tattoos, and appropriate laser selection further improves treatment outcomes while ensuring low scarring or pigmentary alterations. Black and dark blue pigments respond well to Q-switched ruby laser, as well as green pigment. Additionally Q-switched Nd:YAD 532 nm laser efficiently clears red pigments in a average course of three sittings.

"Asthetic centers to remain the prime usage area for tattoo removal lasers"

Asthetic centers is the largest usage area where the highest number of tattoo removal lasers are deployed. Greater purchasing powers and higher patient footfall are the driving factors of the dominance of this segment. For treatments with lasers, patients often prefer to take professional and medical assistance as unjustified use of lasers may come with hazards and prominent mishaps. Furthermore, affordability is also a major factor that restricts widespread adoption of lasers in tattoo studios, along with challenged expertise.

"Asia Pacific market will advance at rapid CAGR, surpassing the global benchmark"

For the purpose of this report, the global tattoo removal lasers market is classified into regional markets such as North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Among these, North America holds the largest market share both in terms of revenue and volume of device uptake. Frequent upgrading of devices is also commonly evident in North America market. Furthermore, Asia Pacific market will progress at a swift CAGR. Major drivers of this regional market are growing awareness, increasing uptake of tattoos and consequent growing need for tattoo removal. Cheaper costs of laser therapy also attracts customers from other countries for laser removal treatments to Asia Pacific.

This report also includes company profiles section that gives insights on the company overview, product portfolio, financial information and key developments of major market players. The major players profiled in this report include Lumenis Ltd., Syneron Medical Ltd., Hologic Inc. (Cynosure, Inc.), EL.EN. S.p.A. (Deka Mela S.r.l.), Cutera, Inc., Fotona d.o.o, Alma Lasers Ltd., Lutronic Corporation, Quanta System SpA, Bluecore Company, Asclepion Laser Technologies and Astanza Laser LLC.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Tattoo Removal Lasers market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Tattoo Removal Lasers market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Type
  • Q-switched Ruby Laser (694 nm)
  • Q-switched Nd:YAG Laser (532 nm, 1064 nm)
  • Q-switched Alexandrite Laser (755 nm)
  • Picosecond Laser
  • Combination Laser

Usage Area
  • Tattoo Studios
  • Asthetic Centers

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Tattoo Removal Lasers market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Tattoo Removal Lasers market?
  • Which is the largest regional market for Tattoo Removal Lasers market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Tattoo Removal Lasers market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Tattoo Removal Lasers market worldwide?
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