North America Laser Tattoo And Striae Removal Market Size, Share & Trends Analysis Report By Procedure (Laser Striae Removal, Laser Tattoo Removal) By End Use (Medspa, Traditional Spa), And Segment Forecasts, 2021 - 2028

Report Overview

The North America laser tattoo and striae removal market size was valued at USD 739.4 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 17.2% from 2021 to 2028. The use of laser for the removal of deep scarring and permanent tattoos has gained huge popularity and is currently the most effective treatment for the same. The laser removes tattoos with a high-intensity light beam by breaking down the pigment colors that are inked deep in the dermis. The laser breaks the pigments into small particles, which the body then flushes out via the lymphatic system. The rising incidence of tattoo regrets is anticipated to drive the market.

Improved safety and efficacy of laser techniques and devices resulting in a high success rate of the procedure are also expected to boost their demand. Moreover, the rising cases of skin conditions like acne, surgeries, and injuries resulting in high incidences of facial scarring are expected to further propel the market growth.

The U.S. laser striae removal segment is expected to grow at a significant CAGR of 15.6% from 2021 to 2028. According to the American Academy of Dermatology, acne is the most prevalent skin condition in the U.S. affecting up to 50 million people annually. The journal of the American Academy of Dermatology, in 2017, reported that for patients with severe/very severe facial acne, scar prevalence reached 77% in the U.S.

Therefore, scar revision treatment using lasers, especially fractional lasers for the treatment of hypertrophic scars, is gaining tremendous popularity in the region. Fractional lasers break down the scar tissue and trigger the regeneration of new tissue in its place, which minimizes the appearance of scars. The demand for tattoo removal procedure too, have increased considerably mainly due to the growing cases of tattoo regrets.

Other factors like embarrassment because of the tattoo, employment opportunities, or experience of stigma have boosted the demand for these procedures. According to the American Society of Plastic Surgeons, in 2020, around 199,945 laser tattoo removal and 263,643 scar revision procedures were carried out in the U.S. The COVID-19 pandemic had affected the overall aesthetic and dermatology market. All invasive and noninvasive esthetic procedures were severely affected amid the pandemic; this includes the laser tattoo and scar removal market in North America. According to Wiley One Library, the pandemic had affected dermatology practices globally leading to limiting the number of patients visiting dermatology clinics.

However, many dermatology & aesthetic clinics have witnessed a boost in the number of future appointments and consultations for different skin treatments as many governments have allowed resuming of these clinics under strict COVID-19 protocols. This factor is estimated to assist the market to plunge back to pre-pandemic levels.

Procedure Insights

The laser tattoo removal held the maximum revenue share of over 63% of the market in 2020 and is expected to maintain its share during the forecast period as tattoo removal is one the most widely carried out procedures in the region according to ASPS. According to Dr. Tatoff, a cosmetic clinic based in Los Angeles, 40 million people in the U.S. have tattoos and 17% are in the process of figuring out how to get rid of them.

The tattoo removal business is very lucrative in the region and therefore most of the aesthetic clinics in the region provide tattoo removal treatments. For instance, MEDermis Laser Clinic has carried out 300,000 successful tattoo removals since its inception in 2006. These factors are expected to boost market growth. However, the cost of tattoo removal is higher than getting a tattoo and this might impede the market growth.

End-use Insights

The MedSpa end-use segment held the highest market share of 30.6% in 2020. Based on end use, the market has been segmented into hospital/surgery centers, MedSpa, traditional spa, and HCP-owned clinics. The MedSpa segment is expected to grow at the fastest CAGR during the forecast period. A MedSpa is a facility where cosmetic services are provided under the supervision of a licensed physician. They are also known as cosmetic clinics or esthetic centers. MedSpas are generally a combination of aesthetic medical centers and day spas that offer corrective medical skin care treatments and products. These facilities follow all the regulatory policies and standards set by the government.

Med spas are increasingly adopting novel treatment systems to cater to a wider esthetic need of patients, therefore the segment is witnessing rapid growth. The employees in Medspa need to have a license in esthetics as well as a medical education. MedSpas have to be mandatorily owned by a physician. In 2017, the American MedSpa Association (AmSpa) reported that more than 4,200 MedSpas are operating in the U.S. and this number has increased by 50% since 2016. Factors, such as membership subscriptions, service marketing, adoption of novel laser technologies, and cost-effective treatments, are expected to further boost the segment growth.

Regional Insights

The U.S. dominated the market with a revenue share of over 84% in 2020 is expected to showcase a significant CAGR in the forecast period. This is attributed to the rising prevalence of skin conditions like acne scarring, well-established reimbursement policies and medical infrastructure, the existence of key market players, and the high adoption of novel aesthetic procedures. Moreover, factors like high acceptance and openness towards aesthetic treatments and the rising number of appearance-conscious people are likely to propel market growth.

Canada is also witnessing rapid growth, especially in the laser tattoo removal segment. This is because around 38% of adults from the age group 18 to 34 years in the country have tattoos and almost one in four regrets it. This has increased the adoption of laser tattoo removal in the country. Moreover, the country has also witnessed growth in the prevalence of acne, and5.6 million Canadians, nearly 20% of the population, suffer from the condition, which drives the demand for acne scar removal procedures.

Key Companies & Market Share Insights

Primary parameters affecting the competitive nature include rapid adoption of new technologies by cosmetic & medical clinics, expansion of services in different parts of the country, and increase in patient footfall through discounts & marketing services. For instance, in April 2019, ANEWSKIN LLC expanded its esthetic services by opening a new Aesthetic Clinic and Medical Spa downtown DC, near the White House. Some of the prominent players in the global North America laser tattoo and striae removal market are:

• Toronto Cosmetic Clinic (TCC)

• MEDermis Laser Clinic

• Schweiger Dermatology Group

• Laser Centre of Orlando

• York Medical Spa

• AnewSkin Aesthetic Clinic

• Medical Spa and The Ottawa Skin Clinic

North America Laser Tattoo and Striae Removal Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the North America laser tattoo and striae removal market report on the basis of procedure, end use, and region:

• Procedure Outlook (Revenue, USD Million, 2016 - 2028)

  • Laser Striae Removal

  • Laser Tattoo Removal

• End-use Outlook (Revenue, USD Million, 2016 - 2028)

  • Hospital/Surgery Center

  • Medspa

  • Traditional Spa

  • HCP-owned Clinic

• Regional Outlook (Revenue, USD Million, 2016 - 2028)

  • North America

    • U.S.

    • Canada