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Global Tattoo Removal Market – Drivers and Forecast from Technavio – Yahoo Finance

Posted in Tattoo Removal on May 02, 2017

LONDON–(BUSINESS WIRE)–

Technavio analysts forecast the global tattoo removal market to grow to USD 2,849.52 million by 2021, at a CAGR of close to 16% over the forecast period, according to their latest report.

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The research study by Technavio on the global tattoo removal market for 2017-2021 provides a detailed industry analysis based on the product type (laser and surgical excision tattoo removal) and geography (the Americas, EMEA, and APAC).

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Technavio analysts highlight the following three factors that are contributing to the growth of the global tattoo removal market:

Rise in demand for laser based aesthetic procedures

Advances in laser technology have created a plethora of applications in the aesthetic field, leading to a significant rise in the number of laser procedures, says Amber Chourasia, a lead analyst at Technavio for health and wellness research.

Sales of medical laser systems have been spurred by the rapid growth in applications such as tattoo removal. The easy availability of picosecond lasers, such as PicoSure (Cynosure), and other advanced techniques, which use topical agents such as perfluorodecalin for Q-switched laser treatments for the removal of tattoos are greatly benefiting the market.

Increase in number of people getting tattoos

The popularity of tattoos worldwide has grown by more than 15% since 2007. The trend of getting tattooed is very common in developed countries such as the US, the UK, Australia, and Canada. From the need for artistic expression to being influenced by TV shows, people opt to get tattooed for a variety of reasons. The rise in the number of people getting tattooed has also increased the need for tattoo removal, which is a positive driver for the market in focus. The rising demographic of potential customers for the tattoo removal market will increase the demand for various tattoo removal procedures.

Increase in number of surgeons

Countries such as China, Japan, India, Brazil, and South Korea have the highest number of certified plastic and cosmetic surgeons. The relatively regulation free landscape of the cosmetic industry is allowing for the swift growth of the market, says Amber.

Also, clinics in these countries offer aesthetic procedures at much more affordable costs when compared to other countries, which encourages medical tourism and prompts individuals from other countries to seek aesthetic procedures in these countries.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

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Global Tattoo Removal Market – Drivers and Forecast from Technavio – Yahoo Finance

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