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 growth of the market. However, high costs of advanced scar treatments and side effects of various treatments inhibits growth of the market.
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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. North America is the largest market for scar treatment, with post-surgical scars being the most common type of scars for which people opt for treatment. Asia is the fastest growing market; while laser treatment makes for the fastest growing type of treatment in the global scar treatment market.
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Various types of scar treatment products include creams, oils, gels, gel sheets, elastic wraps, and sprays. The global scar treatment products market is expected to grow from an estimated US$ 9,472.0 Mn in 2015 to US$ 19,562.5 Mn in 2022 at a CAGR of 10.9% during the forecast period.
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