If you’ll only have sex in the dark because you’re embarrassed by an old tattoo on now-sagging skin, you’re exactly the target of a booming global tattoo removal market.
As tattoos seem to be on people from all walks of life these days in the Los Angeles area and around the nation, a new report from a British market research company concludes the global tattoo removal market will grow to about $2.8 billion by 2021, a 16 percent increase in compound annual growth rate.
“The popularity of tattoos worldwide has grown by more than 15 percent since 2007,” according to a Technavio report. “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.”
Technavio analysts said three factors are contributing to the growth of the global tattoo removal market:
- Rise in demand for laser based aesthetic procedures
- Increase in number of people getting tattoos
- Increase in number of surgeons
“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,” said Amber Chourasia, a lead analyst at Technavio for health and wellness research.
“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 Chourasia.
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, she said.
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