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.

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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.

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.

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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).