The tattoo removal market was valued at USD 990.46 million in 2023 and is anticipated to reach USD 1,130.22 million by 2024. It is further projected to grow significantly, reaching USD 3,570.37 million by 2032, with a compound annual growth rate (CAGR) of 15.46% over the forecast period.
Tattoo removal has seen a significant rise in demand in recent years, becoming one of the most sought-after treatments today. A key factor driving its growing popularity is the increasing prevalence of body art culture. Many young individuals are getting tattoos with deep personal significance. However, a considerable percentage later regret their decision, leading to a surge in demand for tattoo removal treatments. This trend is expected to positively influence the growth of the tattoo removal market.
The COVID-19 pandemic adversely affected the market’s outlook as tattoo studios were forced to shut down to adhere to the lockdown and other movement restrictions. This factor reduced the number of customers visiting these studios, thereby reducing the demand for tattoo erasing treatments.
Fortune Business Insights™ displays this information in a report titled, "Tattoo Removal Market, 2024-2032."
Top Company in the Tattoo Removal Market:
Browse Detail Summary For the Tattoo Removal Market: https://www.fortunebusinessinsights.com/tattoo-removal-market-110418****
Segmentation:
Laser Procedures to Gain Major Traction Due to High Demand for Painless Procedures
Based on procedures, the market is segmented into laser procedures, surgical procedures, dermabrasion, and others. The laser procedures segment is estimated to record the fastest CAGR during the forecast period as there is a strong demand for painless and non-invasive procedures among customers.
Low-Cost Tattoo Erasing Services Boosted Customer Footfall at Artist Studios