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Australia Tattoo Removal Market by Procedure and End User: Opportunity Analysis and Industry Forecast, 2019-2026

  • ID: 5125496
  • Report
  • May 2020
  • Region: Australia
  • 83 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Agic Capital
  • Bison Medical
  • Candela Corporation
  • Cryomed Aesthetics
  • Cutera Pty. Limited
  • Cynosure Inc.
The Australia tattoo removal market was valued at $1.14 million in 2018, and is projected to reach $3.04 million by 2026, registering a CAGR of 13.0% from 2019 to 2026. Tattoo removal is a procedure to remove unwanted tattoo. The removal process can be done by using laser surgery, dermabrasion, tattoo removal creams, and surgical removal. The use of laser techniques for tattoo removal is predominant in the industry. For instance, Q-switched Nd:YAG laser, Q-switched ruby laser, and Q-switched alexandrite laser are used for removal of red, black, and blue pigments, respectively. The other alternatives available in the market for tattoo removal includes surgical excision, dermabrasion, tattoo removal creams, and plastic surgery.





Application of creams is more convenient for removal of tattoos as compared to laser and surgical procedures, as these procedures are painful; however, the use of creams is time-consuming and relatively less effective. As per data published by the Australian National Health and Medical Research Council, about 25% of Australian aged 20 to 30 have at least one tattoo. Approximately 24% of people who have tattoo regret getting it, and 1 in every 7 people in wants the tattoos to be removed. Approximately, more than 10 sessions are required for tattoo removal using lasers. In addition, major medical aesthetic companies are introducing advanced lasers for faster results for various challenging dermatological indications such as tattoo removal. For instance, in 2018, Alma Lasers launched laser device, Pico Clear at Barcelona that is specifically used in removal of colored ink tattoos, dark ink tattoos, birthmarks, benign pigmented lesions, acne scars, and wrinkles.

The tattoo removal market in Australia is witnessing a significant growth, owing to a rise in trend of tattooing among the Australian population and the introduction of effective tattoo removal treatments. Furthermore, the tattoo removal industry is not regulated in Australia, thus, currently there are no separate tattooist licenses for establishing a formal tattoo parlor. This encouraged the tattoo artists to set up their own studios. Thus, upA surge in number of tattoo parlors has led to a rise in number of people getting inked. According to No Ink Solutions, one among five Australians were wearing a tattoo in 2018. This, in turn, an increased the chances for tattoo removal, which acts as a key factor driving the growth of the tattoo removal market. Furthermore, tattoo removal due to due to personal and professional reasons has boosted the need for tattoo removal process. However, the high cost associated with tattoo removal is expected to hinder the market growth.

The Australian tattoo removal market is segmented on the basis of procedure and end user. On the basis of procedure, the market is classified into lasers, surgical, creams, and others. By End User, it is segregated into hospitals, clinics, and others. Prominent players in the market have adopted various strategies such as developing tattoo removal techniques and product launch for strengthening their foothold in the Australia tattoo removal market. Some of the key players of the market include Agic Capital, Bison Medical, Candela Corporation, Cryomed Aesthetics, Cutera Pty. Limited, Cynosure, Inc., Fosun Pharma, Lumenis, Lutronic Corporation, and Global Beauty Group.

KEY BENEFITS FOR STAKEHOLDERS
  • This report provides a detailed quantitative analysis of the current market trends and future estimations from 2019 to 2026, which assists to identify the prevailing market opportunities.
  • An in-depth analysis of various regions is anticipated to provide a detailed understanding of the current trends to enable stakeholders to formulate region-specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the Australia tattoo removal market is provided.
  • An extensive analysis of various regions provides insights that allow companies to strategically plan their business moves.

KEY MARKET SEGMENTS

By Procedure
  • Laser
  • Surgical
  • Creams
  • Others

By End User
  • Hospitals
  • Clinics
  • Others

KEY MARKET PLAYERS
  • Agic Capital
  • Bison Medical
  • Candela Corporation
  • Cryomed Aesthetics
  • Cutera Pty Limited
  • Cynosure, Inc.
  • Fosun Pharma
  • Lumenis
  • Lutronic Corporation
  • Global Beauty Group
Frequently Asked Questions about the Australian Tattoo Removal Market

What is the estimated value of the Australian Tattoo Removal Market?

The Australian Tattoo Removal Market was estimated to be valued at $1.1 million in 2018.

What is the growth rate of the Australian Tattoo Removal Market?

The growth rate of the Australian Tattoo Removal Market is 13.0%, with an estimated value of $3.0 million by 2026.

What is the forecasted size of the Australian Tattoo Removal Market?

The Australian Tattoo Removal Market is estimated to be worth $3.0 million by 2026.

Who are the key companies in the Australian Tattoo Removal Market?

Key companies in the Australian Tattoo Removal Market include Agic Capital, Bison Medical, Candela Corporation, Cryomed Aesthetics, Cutera Pty. Limited, Cynosure Inc., Fosun Pharma, Lumenis and Global Beauty Group.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Agic Capital
  • Bison Medical
  • Candela Corporation
  • Cryomed Aesthetics
  • Cutera Pty. Limited
  • Cynosure Inc.

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.2. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategies
3.3. Porter's Five Forces Analysis
3.4. Market Dynamics
3.4.1. Driver
3.4.1.1. Increase in Tattoo Regrets Among Australian Population
3.4.2. Restraint
3.4.2.1. High Cost Associated With Tattoo Removal
3.4.3. Opportunity
3.4.3.1. Technological Advancement in Tattoo Removal Methods
Chapter 4: Australia Tattoo Removal Market, by Procedure
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Laser Procedure
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast
4.3. Surgical Procedures
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast
4.4. CreaMS
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Market Size and Forecast
4.5. Others
4.5.1. Key Market Trends, Growth Factors, and Opportunities
4.5.2. Market Size and Forecast
Chapter 5: Australia Tattoo Removal Market, by End-user
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Hospitals
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.3. Clinics
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast
5.4. Others
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast
Chapter 6: Company Profiles
6.1. Agic Capital
6.1.1. Company Overview
6.1.2. Company Snapshot
6.1.3. Operating Business Segments
6.1.4. Product Portfolio
6.1.5. Key Strategic Moves and Developments
6.2. Bison Medical
6.2.1. Company Overview
6.2.2. Company Snapshot
6.2.3. Operating Business Segments
6.2.4. Product Portfolio
6.3. Candela Corporation
6.3.1. Company Overview
6.3.2. Company Snapshot
6.3.3. Operating Business Segments
6.3.4. Product Portfolio
6.3.5. Key Strategic Moves and Developments
6.4. Cryomed Aesthetics
6.4.1. Company Overview
6.4.2. Company Snapshot
6.4.3. Operating Business Segments
6.4.4. Product Portfolio.
6.5. Cutera Pty. Limited
6.5.1. Company Overview
6.5.2. Company Snapshot
6.5.3. Operating Business Segments
6.5.4. Product Portfolio
6.6. Cynosure, Inc.
6.6.1. Company Overview
6.6.2. Company Snapshot
6.6.3. Operating Business Segments
6.6.4. Product Portfolio
6.6.5. Key Strategic Moves and Developments
6.7. Fosun Pharma
6.7.1. Company Overview
6.7.2. Company Snapshot
6.7.3. Operating Business Segments
6.7.4. Product Portfolio
6.7.5. Business Performance
6.8. Lumenis
6.8.1. Company Overview
6.8.2. Company Snapshot
6.8.3. Operating Business Segments
6.8.4. Product Portfolio
6.9. Lutronic Corporation
6.9.1. Company Overview
6.9.2. Company Snapshot
6.9.3. Operating Business Segments
6.9.4. Product Portfolio
6.9.5. Business Performance
6.10. Global Beauty Group
6.10.1. Company Overview
6.10.2. Company Snapshot
6.10.3. Operating Business Segments
6.10.4. Product Portfolio
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Agic Capital
  • Bison Medical
  • Candela Corporation
  • Cryomed Aesthetics
  • Cutera Pty. Limited
  • Cynosure Inc.
According to the report titled, 'Australia Tattoo Removal Market by Procedure and End User: Opportunity Analysis and Industry Forecast, 2019-2026' the Australia tattoo removal market size was valued at $1.14 million in 2018, and is projected to reach $3.04 million by 2026, registering a CAGR of 13.0% from 2019 to 2026. Tattoo removal is a method used to get rid of unwanted tattoos through laser, surgery, and lotions or creams. The laser beam works by breaking down the ink particles of the tattoo, resulting in its removal, while surgical excision involves the simply cutting out skin that is tattooed using scalpel, and subsequently stitching the wound. The technique mainly used for small tattoos and may not be practical for large tattoos. Moreover, tattoo removal by creams is a slow and painless method to clear the inked area of the skin. Among these, the most commonly used technique for tattoo removal is the laser procedure, owing to its effectiveness in terms of clearing scar, fading the tattoo, safety, and relatively less pain than surgeries.

The factors that drive the growth of the tattoo removal market include increase in number of people who need to remove their tattoos due to various personal and social reasons. However, high cost of tattoo removal procedures hinders the growth of the market. On the contrary, advancements of tattoo removal procedures have resulted in introduction of new methods such as PicoSure energy delivery system, which is designed to remove full color spectrum of tattoo in limited treatment cycles. The Australian tattoo removal market is segmented on the basis of procedure and end user. Depending on the procedure, the market is classified into lasers, surgical, creams, and others. The laser segment is expected to possess high growth potential, owing to the shift in preference of the individuals toward laser removal of tattoo rather than opting for surgical method, as it is highly invasive and causes pain throughout the treatment. The laser segment registered the fastest rate in 2018, followed by creams segment. The growth of the creams segment is driven due to wider availability of creams in Australia. In addition, creams are considered as least expensive option for tattoo removal. However, there are no significant evidence for permanent removal of tattoos using these creams. The best these creams can offer is fading or lightening of the tattoo. By end user, the market is fragmented into hospitals, clinics, and others. The clinics segment dominated the market in 2018, and is anticipated to maintain its dominance throughout the forecast period. This is attributed to the preference among individuals for clinics due to availability of advanced equipment for tattoo removal as compared to hospitals and other end users. The presence of several clinics for tattoo removal in Australia is anticipated to create lucrative opportunities for the tattoo removal market growth during the forecast period. For instance, Think Again Laser Clinic, ENRICH Dermatology & Cosmetic Clinic, Melbourne Tattoo Removal Clinic, Tattoo Laser Dermatology Clinic, and Quantum Tattoo Removal Clinic are some of the major tattoo removal clinics in Australia. The hospital segment is expected to grow at a moderate rate in coming years, owing to increase in adoption of advanced technology for tattoo removal by hospitals in Australia. Furthermore, rise in popularity of surgical-based procedures such as mini-punch skin excision and dermabrasion for tattoo removal is leading to increased demand for tattoo removal in hospitals. Thus, all these factors collectively are expected to boost the growth of Australian tattoo removal market for hospital segment in the coming future.

Key Findings of the Study:

By procedure, the surgical segment occupied 22.3% share of the Australia tattoo removal market in 2018.
The laser segment is anticipated to grow with the highest CAGR throughout the forecast period.
On the basis of end user, the clinics-segment accounted for 79.7% share of the market in 2018.

Australia is witnessing a significant growth, owing to rise in trend of tattooing among the Australian populace and introduction of effective tattoo removal treatments. Furthermore, the tattoo removal industry is not regulated in Australia, thus, currently there are no separate tattooist licenses for establishing a formal tattoo parlor. This encouraged tattoo artists to set up their own studios. Thus, upsurge in number of tattoo parlors has led to rise in number of people getting inked. Prominent players in the market have adopted various strategies such as developing tattoo removal techniques and product launch for strengthening their foothold in the Australia tattoo removal market. Some of the key players of the tattoo removal market include Agic Capital, Bison Medical, Candela Corporation, Cryomed Aesthetics, Cutera Pty. Limited, Cynosure, Inc., Fosun Pharma, Lumenis, Lutronic Corporation, and Global Beauty Group.
Note: Product cover images may vary from those shown
  • Agic Capital
  • Bison Medical
  • Candela Corporation
  • Cryomed Aesthetics
  • Cutera Pty. Limited
  • Cynosure Inc.
  • Fosun Pharma
  • Lumenis
  • Lutronic Corporation
  • Global Beauty Group
Note: Product cover images may vary from those shown

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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