Global Scar Treatment Market to reach US$31904.8 million by 2022 owing to Greater Spending on Personal Care

New York City, New York, August 25, 2015: According to latest market research report released by Persistence Market Research, the global scar treatment market, which currently stands at US$16048.7 million is anticipated to expand at a CAGR of 10.3% between 2015 and 2022 thereby reaching a market value of US$31904.8 million by 2022. The report titled “Global Market Study on Scar Treatment: Asia to Witness Highest Growth by 2022” is available for sale on the company website.

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According to this market research report, the key factors that drive the global scar treatment market are latest developments in the area of scar treatment, increased spending on personal care, greater consciousness amongst the masses about appearance, and high incidence of skin related problems leading to scars and marks. Acne, burns, tissue inflammation, injury, infection, and surgery lead to scar formations on the skin. Photoaging, which refers to the loss of skin elasticity and sunburns is caused by prolonged exposure to the harmful UV rays and pollution. These skin conditions may lead to scar formations if they are left untreated. At present, the global scar treatment market is characterized by increased online retailing of scar treatment products. Also, there is a growing popularity of using silicon-based scar treatment products.

This PMR report segments the global scar treatment market on the basis of type of scar, product type, type of scar treatment, distribution channel, and geography. Different types of products that dominate the global scar treatment market are sprays, creams, elastic wraps, oils, gel sheets, and a range of gels. With growing awareness about the availability of scar treatment products in the market, it is anticipated that the global market for such products will grow from US$9472 million in the current year to about US$19562.5 million by 2022, thereby expanding at a CAGR of 10.9% during the forecast period.

In terms of regional distribution, this research report segments the global scar treatment market into Europe, Latin America, North America, Asia, and Rest of the World. Owing to high expenditure on personal care arising from high income levels, North America holds the largest share in the global scar treatment market. However, the report states that over the next couple of years, the Asia Pacific scar treatment market will grow robustly since India and China are the two fastest growing markets for scar treatment.

A few of the emerging scar treatment markets of the world are witnessing rising demand because of factors such as better healthcare facilities, high incidence of skin problems, high focus on personal wellbeing, better income levels, and a large population base. The consumer base in North America mainly opts for post-surgical scar treatments. The market for laser treatment in Asia holds a major share of this market. The use of laser for treating scars is also gaining momentum in most Asian economies. However, two market restraining factors, which are common to every regional market are the risks of side effects and the high costs of scar treatment. These factors often tend to bring down the demand for scar treatment in most countries.

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The report profiles the following companies operating in the global scar treatment market: CCA Industries Inc., Quantum Inc., Scarguard Labs LLC, Revitol Corporation Inc., Enaltus LLC, and Pacific World Corporation.

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