Australia Tattoo Removal Market to Undergo Substantial Growth through 2025
Increase in number of people
getting tattoos and constantly changing fashion trends to drive Australia
tattoo removal market
According
to TechSci Research report, “Australia
Tattoo Removal Market By Procedure (Laser, Surgical, Tropical Cream,
Dermabrasion, Others), By End User (Laser Center, Dermatology Clinic,
Hospitals, Others), By Region, Forecast & Opportunities, 2025”, the market
is expected to witness significant CAGR during the forecast period owing to
increasing number of people getting tattoos in the country. With this, the
market is also witnessing increase in number of people who are undergoing
tattoo removal due to various personal and social reasons. Further, changing
fashion trends and more & more people having regrets for getting their
tattoos done in the first place are acting as a major driver for Australia
tattoo removal market. Also, 2018 Macrindle study reveals that around 20
percent of Australians have tattoos and many of them regretted it and started opting
for tattoo removal. This is acting as a key driver for tattoo removal market
growth in the country.
Moreover, advancements of tattoo removal procedures
and introduction of new methods like laser surgery, dermabrasion are fueling
the growth of this market. Adding to this, people changing profession and fading
of tattoos are some other factors creating the demand for tattoo removal in
Australia. The market also witnessed launch of PicoSure energy delivery system,
which is capable of removing full color spectrum of tattoo in limited treatment
cycles. With this, high disposable income is also playing as a significant
factor for market growth.
However, Australia tattoo removal market is also
facing some challenges. High cost of tattoo removal procedures and cases of
skin allergies might limit the growth of this market.
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Australia
tattoo removal market is segmented based on procedure, end user and region. Based
on procedure, the market is segmented into laser, surgical, tropical cream,
dermabrasion and others. Among them, the laser segment underwent highest growth
in 2019 and is expected to possess high growth potential during the forecast
period as it is a painless procedure. This is leading to increasing number of
individuals opting for laser treatments instead of surgeries. However, tropical
cream segment is also witnessing high demand in Australian market as they are
considered least expensive method for tattoo removal and are widely available
in the country.
Based
on end user, Australia tattoo removal market
is segmented into laser center, dermatology clinic, hospitals and others. Among
these, the dermatology clinic segment
dominated the market in 2019 and is further anticipated to undergo fastest
growth through 2025 as they have advanced equipment for tattoo removal as
compared to hospitals, laser centers and other segments. The popularity of
dermatology clinics is leading to preference
among individuals for these clinics to get rid of their tattoos.
Major players operating in the Australia tattoo
removal market include Agic Capital, Bison Medical, Cynosure, Inc., Candela
Corporation, Fosun Pharma, Lumenis, Lutronic Corporation, and Global Beauty
Group. Leading companies are adopting growth strategies like developing new tattoo
removal techniques and new product launches to increase their market share in
Australia.
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“There
is no requirement for separate tattooist licenses for establishing a formal
tattoo parlor in Australia, which is encouraging tattoo artists to set up their
own studios. This is leading to upsurge in number of people getting inked and
many of them looking to get rid of their old tattoos. The market is not
regulated, which is acting as a major growth driver for tattoo removal market.
Introduction of effective tattoo removal treatments is further expected to
create new growth opportunities for the market in coming years,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Australia Tattoo Removal Market By Procedure (Laser,
Surgical, Tropical Cream, Dermabrasion, Others), By End User (Laser Center,
Dermatology Clinic, Hospitals, Others), By Region, Forecast & Opportunities,
2025” has evaluated the future growth potential of Australia
tattoo removal market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in Australia tattoo removal market.
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