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Laser Therapy Segment Is Expected to Witness the Fastest Growth (11.5% CAGR) in the U.S. Scar Treatment Market, during 2015 – 2020
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Among the two segments of scar treatment market, the product segment is expected to witness the faster growth during the forecast period. Among the various scar treatment therapies, the Dermabrasion segment accounted for the largest share in the U.S. market in 2014, and it is expected to witness a CAGR of 9.0% during the 2015 – 2020.
The increasing appearance consciousness among consumers due to exposure to media, is driving the demand for beauty products and cosmetic surgery. The online availability of scar treatment products, such as scar treating creams, sprays, oils, gels leads to increased accessibility of these products. Also, online retailing is time saving, provides instant access to products, offers discounted prices, and is more convenient, which allows products to be purchased with ease.
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Furthermore, the technological advancements in scar treatment products and therapies help in the removal of scars easily. The availability of various products, such as creams, oils, gels, and sprays over the counter for treating scars leads to the growth of the U.S. scar treatment market.
However, the high cost associated with the treatment of scars is a key restraint in the growth of the scar treatment market in the U.S. The scar treatment products, such as gels, creams, sprays, and oils are costly. Scar removal therapies are also capital intensive and require skilled practitioners, which further adds to the overall cost of treatment. In addition, the side effects of scar treatment products and therapies further restrain the growth of the market.
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The key companies operating in the U.S. scar treatment market include Pacific World Corporation, MerzPharma, Johnson & Johnson Services Inc., Valeant Pharmaceuticals International Inc., Oculus Innovative Sciences Inc. Enaltus LLC, Revitol Corporation Inc., Scarguard Labs LLC, Quantum Health and CCA Industries Inc.
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