Tattoo Removal Lasers Market

Tattoo Removal Lasers Market: Demand for Q-Switched Nd:YAG Lasers to Remain Predominant: Global Industry Analysis and Opportunity Assessment 2018-2028

2019-02-28
REP-GB-2013
32 Tables
246 Figures
271 pages

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Tattoo Removal Lasers Market

An Incisive, In-depth Analysis on the Tattoo Removal Lasers Market

This study offers a comprehensive, 360 degree analysis on the Tattoo Removal Lasers market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Tattoo Removal Lasers market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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Growing Penetration of Laser Technologies to Push Tattoo Removal Lasers Market Growth

Growing awareness among people about tattoo removal lasers, ease of treatment with new tattoo removal lasers, faster recovery, less post-operative pain, and lesser side effects as compared to surgeries are few of the factors contributing to the rise in demand for laser technology over other options available for tattoo removal. Various advantages of laser treatment for tattoo removal have led to patients switching to these treatments over surgeries. This has resulted in an increase in the number of laser procedures, particularly among other aesthetic procedures over the years.

According to The American Society for Aesthetic Plastic Surgery, in the US, a total of 52,675 procedures of tattoo removal were recorded in 2016, compared to 46,514 procedures in 2015. Thus, the number of patients opting for tattoo removal lasers has increased consistently, and has become the standard treatment for tattoo removal, which is further expected to push market growth for tattoo removal lasers.

‘Tattoo Regret’ Boosting the Demand for Innovative Tattoo Removal Technologies

With growing acceptance and ubiquity of tattooing across society, the popularity of tattoo removal lasers is also expected to grow. Approximately 30% of the population in the U.S. have at least one tattoo; approximately half of all millennials have one. However, according to a poll conducted in the US, around 25% of the population with a tattoo regret having had a tattoo made. New technologies for tattoo removal lasers allow the process to be shortened and completed with less blistering and scarring.

According to a research conducted by the NewHope Laser Skin Care Center, Picosecond tattoo removal lasers, which is one of the new technologies that is slowly being commercialized, cleared tattoos more efficiently and in less time than nanosecond technology lasers. Yellow, red, and orange pigments were observed to provide the best response to the picosecond laser of 532 nm, with 75-100% tattoo clearance post average of 2 treatments, in a majority of the cases. 7 tattoos that had black ink also responded more efficiently post 1 or 2 treatments with 1064 nm and 755 nm picosecond tattoo removal lasers.

Various new technologies are being tested, used, and commercialized in the tattoo removal lasers landscape. With developments for tattoo removal lasers, there are new laser-susceptible inks for tattoos that are also being developed. These specific inks are made by combining different biocompatible pigments, further being encapsulated in polymethylmethacrylate beads. These beads are diversified when exposed to lasers, which leads to the absorption of these tattoo inks by the skin, and thus, leads to potential complete removal of the tattoo in a single session. Constant technological advancements for tattoo removal lasers are further expected to boost the demand for tattoo removal lasers.

High Laser Therapy Cost Continues to Obstruct Market Growth

Tattoo removal lasers are linked with high costs of treatment as well as devices, which further makes them unaffordable to people who fall under the low-middle income group. Tattoo removal lasers also require multiple sessions for reaching the desired result, which results into very high overall treatment cost.

According to Astanza Laser, a company that manufactures tattoo removal lasers, the average revenue per patient for an entire tattoo removal procedure is US$ 1,400. Different colors of tattoos require different wavelengths. For instance, blue and purple laser light might be unable to penetrate deep enough inside the dermis for reaching the corresponding pigment particles. Also, the choice of the color of laser beam is limited to commercially available tattoo removal lasers.

More advancements and variety of tattoos to be removed require high capital costs for tattoo removal lasers. Treatment cost also depends upon the laser used, colour, and size of the tattoo. Therefore, high treatment costs of tattoo removal are expected to hinder market growth for tattoo removal lases during the forecast period.

Stringent Regulations for Safe Tattoo Removal Treatment

One of the major concerns related to tattoo removal procedures is the safety of these procedures. The growing number of people opting for tattoo removal is a result of improved government policies and regulations related to tattoo removal procedures. According to Mehmet Kosoglu, the application reviewer for commercializing clearances of laser devices for tattoo removal, from the US FDA, the most effective and safe treatment for tattoo removal is through laser therapy, specifically performed by a dermatologist who is experienced and well-equipped with tattoo removal lasers. Laser therapy is rapidly gaining traction in dermatology, as evidenced by the use of dermatology excimer lasers in the treatment of various skin conditions such as psoriasis, vitiligo, among others.

Competitive Landscape: Global Tattoo Removal Lasers Market

The competition section of the tattoo removal lasers market report features the profiles of key players operating in the tattoo removal lasers market based on their differential strategies, market shares, product offerings, company dashboard, and marketing approach. Examples of some of the key players operating in the tattoo removal lasers market are Shanghai Fosun Pharmaceutical?Group?Co., Ltd.(Alma Lasers), Hologic Inc. (Cynosure), Syneron ® Medical Ltd, Lumenis, LUTRONIC , Cutera, Lynton Lasers, Fotona d.o.o. , and El.En. S.p.A. (Asclepion Laser Technologies GmbH).

Definition

Tattoo removal lasers are considered to be the gold standard for tattoo removal treatment. Tattoo removal lasers are based on the selective photothermolysis theory, which is also referred to as SPTL. This involves a mechanism for shattering tattoo particles with the use of a photomechanical effect. The energy gets absorbed by particles of the ink in a very less span of time, mostly nanoseconds.

About the Report

FMI conducted a research study on the tattoo removal lasers market for the forecast period 2018 to 2028. The report offers a comprehensive evaluation of the business opportunities prevailing in the tattoo removal lasers market, along with insights on the tattoo removal lasers market volume analysis base by region, market trends, average revenue per patient, pricing analysis based on product type, and market competition. The tattoo removal lasers market report elaborates on the macro-economic factors influencing the dynamics of the market, and its futuristic potential.

Tattoo Removal Lasers Market: Segmentation

The report on the tattoo removal lasers market offers a comprehensive taxonomy of the tattoo removal lasers market based on product type, end use, and region. The tattoo removal lasers market, by product type, is segmented into Q-switched tattoo removal lasers, picosecond tattoo removal lasers, and combination tattoo removal lasers. Q-switched tattoo removal lasers are further sub-segmented into Q-switched Nd:YAG, ruby, and alexandrite tattoo removal lasers. By end use, the tattoo removal lasers market is segmented into aesthetic clinics and tattoo studios. The tattoo removal lasers market has been analyzed across the regions of Europe, Latin America, North America, East Asia, Oceania, South Asia, and MEA (Middle East & Africa).

Additional Questions Answered

Some of the additional questions addressed in this report on the tattoo removal lasers market are:

What is the revenue potential of the tattoo removal lasers market across the regions of North America and Europe?
Who are the key competitors and what are their portfolios in the tattoo removal lasers market?
What are the major challenges influencing the growth of the tattoo removal lasers market?
How is the intervention of regulatory authorities shaping the growth of the tattoo removal lasers market?

A recent market study published by the company “Tattoo Removal Lasers Market: Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2028” consists of a comprehensive assessment of the most important market dynamics. Upon conducting thorough research on the historic as well as current growth parameters of the Tattoo Removal Lasers market, the growth prospects of the market have been obtained with maximum precision. The report features the unique and salient factors that will have a significant impact on the development of the Tattoo Removal Lasers market during the forecast period. The report will also help market players to modify their manufacturing and marketing strategies to envisage maximum growth in the Tattoo Removal Lasers market in the upcoming years. The report provides detailed information about the current and future growth prospects of the Tattoo Removal Lasers market in a comprehensive manner for the better understanding of the readers.

Chapter 01 – Tattoo Removal Lasers Market - Executive Summary

The report commences with an executive summary of the Tattoo Removal Lasers market report, which includes a summary of the key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Tattoo Removal Lasers market and market trends.

Chapter 02 – Market Introduction

Market introduction comprises detailed market definitions. Readers can find detailed taxonomy and the definitions associated with the Tattoo Removal Lasers market in this chapter, which will help them gather the basic information about the Tattoo Removal Lasers market.

Chapter 03 – Key Trends

Market key trends include supply side trends and demand side trends for the tattoo removal lasers market.

Chapter 04 – Market Analysis

This chapter focuses on the several macro-economic factors that are responsible for fluctuations in the growth of the Tattoo Removal Lasers market. The opportunity analysis of the various segments of the Tattoo Removal Lasers has also been presented in this section.

Chapter 05 – Global Economic Outlook

The global economic outlook includes the gross domestic product by region and country for 2016-2021. This chapter also contains the global market healthcare indicators.

Chapter 06 – Tattoo Removal Lasers Market - Key Inclusions

This section provide insights on the installed base of Tattoo Removal Lasers on a regional as well as country level. Parent market assessment, product mapping for tattoo removal lasers, Volume(Units) Analysis, By Product Type, Average Laser Treatment Cost for Tattoo Removal Per Patient (US$), pricing analysis by product type, medical device key regulations and recent developments in the tattoo removal lasers market.

Chapter 07 – Tattoo Removal Lasers Market - Market Background

This section contains major indices for the Tattoo Removal Lasers market. Some of them include the Tattoo Removal Lasers market evolution, drivers, and restraints.

Chapter 08 – Global Tattoo Removal Lasers Market Analysis 2013–2017 and Forecast 2018–2028, By Region

By region, the Tattoo Removal Lasers market is segregated into 7 major regions, namely North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa. In this chapter, readers can find information about the key trends and developments in the Tattoo Removal Lasers market and the market attractive analysis for individual regions pertaining to the product type, isotope, modality, applications and end use segments of the Tattoo Removal Lasers market.

Chapter 09 – Global Tattoo Removal Lasers Analysis 2013–2017 and Forecast 2018–2028, By Product Type

The product type segment of the Tattoo Removal Lasers market is segmented into Q-Switched lasers, picosecond lasers and combination lasers. Q-Switched lasers are further segmented into Q-switched Nd: YAG, ruby and alexandrite lasers.

Chapter 10 – Global Tattoo Removal Lasers Analysis 2013–2017 and Forecast 2018–2028, By End use

This section includes global market analysis based on end use, the market is segmented into aesthetic clinics and tattoo studios

Chapter 11 – Global Tattoo Removal Lasers Market Analysis 2013-2017 and Forecast 2018–2028

This section focuses on the global market value analysis by segment. It also provides the absolute $ opportunity for the global Tattoo Removal Lasers market.

Chapter 12 – North America Tattoo Removal Lasers Market Analysis 2013–2017 and Forecast 2018–2028

This chapter includes a detailed analysis of the growth of the North America Tattoo Removal Lasers market, along with the country-wise assessment for the U.S. and Canada. Readers can also find information about the regional market growth based on the product type, end use and countries in the North America region. Readers can also find intensity mapping of key players in the market.

Chapter 13 – Latin America Tattoo Removal Lasers Market Analysis 2013–2017 and Forecast 2018–2028

Readers can find detailed information about factors, such as the key regulations and regional trends that are impacting the growth of the Latin America market. This chapter also discusses the growth prospects for the Tattoo Removal Lasers market in the leading LATAM countries such as Brazil, Mexico and the rest of the Latin America region. Readers can also find intensity mapping of key players in the market.

Chapter 14 – Europe Tattoo Removal Lasers Market Analysis 2013–2017 and Forecast 2018–2028

The growth prospects of the Tattoo Removal Lasers market are based on product types and end users in several European countries, such as the Germany, France, UK, Italy, Russia, Spain, BENELUX, and the rest of Europe, have been included in this chapter. The country-wise market size and market attractiveness index has also been included in this section. Readers can also find intensity mapping of key players in the market.

Chapter 15 – South Asia Tattoo Removal Lasers Market Analysis 2013–2017 and Forecast 2018–2028

India and Indonesia are the leading countries in the South Asia region, which are the prime subjects of assessment to obtain the growth prospects of the South Asia Tattoo Removal Lasers market in this chapter. The section also includes data for Thailand, Malaysia, and the rest of South Asia region. Readers can find thorough information about the growth parameters in the South Asia Tattoo Removal Lasers market for the period 2013–2028. Readers can also find intensity mapping of key players in the market.

Chapter 16 – East Asia Tattoo Removal Lasers Market Analysis 2013–2017 and Forecast 2018–2028

Japan and China are the leading countries in the East Asia region, which are the prime subjects of assessment to obtain the growth prospects of the East Asia Tattoo Removal Lasers market in this chapter. The section also includes data for South Korea. Readers can find thorough information about the growth parameters in the East Asia Tattoo Removal Lasers market for the period 2013–2028. Readers can also find intensity mapping of key players in the market.

Chapter 17 – Oceania Tattoo Removal Lasers Market Analysis 2013–2017 and Forecast 2018–2028

The section includes data for Australia and New Zealand. Readers can find thorough information about the growth parameters in the Oceania Tattoo Removal Lasers market for the period 2013–2028. Readers can also find intensity mapping of key players in the market.

Chapter 18 – Middle East and Africa Tattoo Removal Lasers Market Analysis 2013–2017 and Forecast 2018–2028

This chapter provides information about how the market will grow in the major countries of MEA region, such as GCC countries, Northern Africa, South Africa, and the rest of Middle East and Africa, during the period 2013–2028. Readers can also find intensity mapping of key players in the market.

Chapter 19 – Forecast Factors – Relevance and Impact

This chapter provides several forecast factors considered in the Tattoo Removal Lasers market report. Impact of these forecast factors on the Tattoo Removal Lasers market is also mentioned in this section.

Chapter 20 – Forecast Assumptions

This section covers all the major forecast assumptions taken into consideration for market analysis of Tattoo Removal Lasers.

Chapter 21 – Market Structure Analysis

The market structure analysis section covers the market structure based on the tier of companies and a company share analysis for the major manufacturers in the Tattoo Removal Lasers market for 2017.

Chapter 22 – Competition Analysis

In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Tattoo Removal Lasers market, along with detailed information about each company, which includes the company overview, revenue shares, strategic overview and recent company developments. Some of the market players featured in the report include Hologic Inc. (Cynosure), Shanghai Fosun Pharmaceutical Group Co., Ltd. (Alma Lasers), Lynton Lasers, Fotona d.o.o., Lumenis, LUTRONIC, El.En. S.p.A. (Asclepion Laser Technologies GmbH), Syneron ® Medical Ltd, and Beijing Nubway S & T Co., Ltd.

Chapter 23 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in this report.

Chapter 24 – Research Methodology

This chapter will helps readers understand the research methodology followed to obtain various conclusions and important qualitative & quantitative information about the Tattoo Removal Lasers market.