-- The global scar treatment market is anticipated to grow at a healthy CAGR of over 8% over the forecast period (from 2013 to 2018). The global market is experiencing a considerable growth on account of increasing personal care expenditure levels and occurrences of skin diseases. In addition, technological improvements in scar treatment and rising appearance-consciousness amongst people are also driving the global market growth. However, ill-effects of various treatments and high prices of advanced scar treatments may hinder the market growth. The global market is categorized by products, scar types, end users, and regions.
The product sector comprises laser products, surface treatment, injectable products, and topical products. The topical product sector is further sub-categorized into gels, creams, silicone gel sheets, and oils. Among these, the silicone gel products are anticipated to experience an increased adoption. The silicone gel sheet sector is also expected to grow at a decent CAGR during the estimated years.
The scar types include acne scars, hypertrophic scars, keloids, atrophic scars, stretch marks, and contractures. Among these scar types, acne scars are the most common. The treatments for acne scars involve an extensive range of various products, from antibiotics to CO2 lasers. The atrophic scar sector is anticipated to witness a huge growth over the forecast period.
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The end-user sector consists of clinics, retail drug stores & pharmacies, e-commerce, and hospitals. The hospital sector is the most availed option globally. However, getting a treatment by expert dermatologists at various private clinics is becoming popular in Australia and Brazil. The clinic sector is said to witness a huge growth, registering a decent CAGR during the estimated years.
Geographically, the global scar treatment market is divided into five key regions including the Middle East & Africa, Latin America, North America, Europe, and Asia Pacific. The North American market is said to be the dominant regional market, in terms of value, by 2015. The Latin American market is likely to come as the fastest growing regional market in the near future. The regional market in Europe is projected to grow at a decent CAGR during the forecast period in spite of the continuing economic downturn in this region. This is mainly due to the growing elderly population base across all economies in the region.
Some of the major companies in the scar treatment market are Oculus Innovative Sciences Inc.; CCA Industries Inc.; Avita Medical Ltd.; Pacific World Corp.; Quantum Inc.; Revitol Corp.; and Scarguard Labs LLC.
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