According to a new market report published by Persistence Market
Research “Global Market Study on Scar Treatment: Asia to Witness
Highest Growth by 2022”, the global scar treatment market is
estimated to account for US$ 16,048.7 Mn by the end of 2015. The
market is expected to expand at a CAGR of 10.3% from 2015 to 2022,
accounting for US$ 31,904.8 Mn by 2022.
The global scar treatment market is witnessing significant growth due
to rising prevalence of skin disease and growing expenditure on
personal care. Moreover, technological advancements in scar treatment
and increasing appearance consciousness among consumers are also
driving the growth of the market. However, high costs of advanced
scar treatments and side effects of various treatments inhibits the
growth of the market. The scar treatment market is anticipated to
grow from an estimated US$ 16,048.7 Mn in 2015 to US$ 31,904.8 Mn by
2022 at a CAGR of 10.3% during the forecast period.
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In North America, the disposable income of people is high compared to
other regions of the world, which results in high spending on
personal care in the region. For instance, in 2014, around 10 million
surgical and nonsurgical cosmetic procedures were performed in the
U.S.
In Europe, the scar treatment market is driven by high disposable
income in the Western European region, rising awareness about scar
treatments, appearance consciousness and increasing the prevalence of
wounds in the region.
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However, the growth of scar treatment market in Asia is much higher
than that in developed countries, due to population explosion and
improving healthcare facilities in the region. There are several
other factors driving the scar treatment market in Asia such as
rising disposable income, increasing the prevalence of skin related
problems, and growing focus on personal well-being.
Merz Pharma GmbH & Co. KGaA, Pacific World Corporation, Oculus
Innovative Sciences, Inc., Valeant Pharmaceuticals International
Inc., Avita Medical Limited, Enaltus, LLC., Revitol Corporation Inc.,
Scarguard Labs LLC, Quantum, Inc., CCA industries Inc. are some of
the major players of Global Scar Treatment Market.
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