Press release
Global Scar Treatment Market Value to Increase to US$ 31,904.8 Million by 2022
Increasing expenditure on personal care and rising incidences of skin disorders are driving the global scar treatment market. Availability of advanced scar treatment modules and higher consciousness on self-appearance amongst consumers are additional factors expected to support the overall market growth. In contrast, high costs of latest scar treatments and risk of unruly side effects from various scar treatment products inhibits the market growth. The global scar treatment market was valued at US$ 16,048.7 Million in 2015. PMR indicates that the market is anticipated to register a 10.3% CAGR during the forecast period (2015-2022) and is estimated to surpass US$ 31,904 Million by 2022.
Scar treatment market has been classified on the basis of product type, treatment, scar type, and geography
By product type, the market is segmented into oils, creams, gels, elastic wraps, gel sheets and sprays. In addition, the scar treatment products segment is estimated to grow from an US$ 9,472.0 Million in 2015 to US$ 19,562.5 Million in 2022, expanding at 10.9% CAGR over the forecast period. Based on treatment types, the market is segmented into invasive surgical treatment, cryosurgery, laser treatment, chemical peeling, dermabrasion, tissue fillers and steroid injections. Laser treatment segment is foreseen to be the fastest growing treatment type over the forecast period. By scar type, the market is segmented into keloid scars, hypertrophic scars, stretch marks, post-surgical scars, contracture scars and acne scars. Furthermore, the post-surgical scars segment is the one of most common type of scar for which people seek treatments.
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On the basis of region, the global scar treatment market is segmented into four key markets, including North America, Asia, Latin America and Europe. North America continues to be the most lucrative market for scar treatment. In Asia, the market is expected to register the fastest growth rate. Factors such as self-appearance consciousness, high disposable income and rising awareness about scar treatments are expected to boost the market in Europe.
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Few of the key market participants in the global scar treatment market include Revitol Corporation Inc., Pacific World Corporation, Valeant Pharmaceuticals International Inc, CCA industries Inc, Merz Pharma GmbH & Co. KGaA, Oculus Innovative Sciences, Inc., Enaltus, LLC., Avita Medical Limited, Scarguard Labs LLC, and Quantum, Inc. Most of the aforementioned companies have been profiled based on attributes such as company overview, sustainability, recent developments and financial overview.
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