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Global Scar Treatment Market
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Global Scar Treatment Market
The global scar treatment market is predicted to grow at 11.9% CAGR during the forecast period with the market size reaching USD 37.6 billion by 2024. Different types of products such as surface, laser, topical, and injectable are majorly contributing to the scar treatment market size. The market has witnessed significant demand for topical over the last few years due to cost effectiveness, easy application, easy availability, fewer side-effects, and to greater acceptance of creams and gels for healing scars, such as burns, acne, and surgical marks. Š 2018 VynZ Research All rights reserved
Global Scar Treatment Market
The mounting occurrence of skin diseases such as vitiligo, psoriasis, eczema, and photoaging of skin, technological advancement in products, escalating appearance consciousness among consumers, mounting number of surgical procedures, and intensifying disposable income are the key factors leading to the growth in the scar treatment market, globally. For instance, according to the American Academy of Dermatology, in the U.S., annually approximately 50 million Americans are suffering from acne. Owing to the mounting disposable income, the upsurge in personal care spending has resulted, which further increases the demand for treatment of scars. Some of the other key factors driving the growth of the industry are mounting awareness about the treatment of scars, mounting healthcare expenditure, an increasing number of road accidents, and escalating demand for organic products for the treatment of scars.
Š 2018 VynZ Research All rights reserved
Global Scar Treatment Market Asia-Pacific is observed to witness significant growth in the scar treatment market during the forecast period, as the region comprises a large population. Moreover, mounting disposable income, mounting healthcare expenditure, improving healthcare infrastructure, expanding awareness regarding the treatment of scars, and escalating skin related problems are also facilitating the significant growth of Asia-Pacific scar treatment industry. Sonoma Pharmaceuticals, Inc. received regulatory approvals for Epicyn Scar Hydrogel from the United Arab Emirates Ministry of Health & Prevention, for the management of scars. Hologic Inc., Sonoma Pharmaceuticals Inc., Avita Medical Limited, Smith & Nephew Plc, Scarguard Labs LLC, MÜlnlycke Health Care AB., Bausch Health, Merz Pharma GmbH & Co. KGaA, and Johnson & Johnson are some of the key players offering solutions for scar treatment. Š 2018 VynZ Research All rights reserved
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