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.
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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.
Scar is a mark on the skin which appears due to damage of skin. Some of the major causes of scarring are infections, injuries, surgery, inflammation of tissue, acne and others. Technological advancements in scar treatment rise in research and development activities, increasing consumer disposable income and growing consciousness about appearance are the main driving forces for the growth of scar treatment market. On the basis of type of scar, scar treatment market can be segmented into burn scars, post-surgical scars and others. Burn scars are also known as hypertrophic scars. Post-surgical scars treatment varies with the degree of scaring. On the basis of product, scar treatment market can be segmented into gels, oils, creams and sprays. On the basis of treatment, scar treatment market can be segmented into invasive surgical treatment, elastic wraps, gel sheets and laser treatment. Scar treatment products are the alternatives to invasive surgical treatments. Scar treatment can remove the scars which are caused by surgeries such as appendectomy and by aesthetic reasons such as reduction in the appearance of acne scars. Some scars are hypersensitive and have low ability to remove.
North America, followed by Europe, has the largest market for scar treatment due to product innovations, technological advancement in scar treatment and high consumer disposable income in this region. Asia is expected to show high growth rate in the scar treatment market in next few years due to rise in research and development activities, improving living standard, rise in concern about personal appearance and increasing awareness about the personal care products in the region.
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