NEW YORK, April 25, 2018 (GLOBE NEWSWIRE) -- According to the new market research report published by P&S Market Research, global scar treatment market size is expected to reach $34.1 billion by 2023, growing at a CAGR of 10.0% between 2017-2023. Rising appearance consciousness among consumers, increasing prevalence of skin diseases, increasing awareness among people for scar treatment, technological advancements in scar treatment products etc. are some of the major factors driving the growth of the market.
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Based on type of scars, the global scar treatment market is segmented into post-surgical scar, acne scar, keloid and hypertrophic scar, contracture scar and stretch mark. The post-surgical scar is expected to have the largest market by 2023. The keloid and hypertrophic scar is expected to be the fastest growing segment between 2017-2023.
The online availability of scar treatment products, such as scar treating creams, sprays, oils and gels, have led to increased accessibility of these products around the world. Additionally, buying products online is time saving, which offers discounted prices and is more convenient, allowing the customers to purchase the products, irrespective of geographical barriers. Some of the scar treatment products available online include Bio-oil, Revitol Scar Cream, Mederma, CELSUS Scar Treatment Cream, CICA-CARE Silicone Gel Sheets, and Scar Zone Burn Gel. Increasing accessibility of scar treatment products further fuel the growth of the scar treatment market.
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The invasive and non-invasive treatments for treating scars have various side effects. For instance, laser treatment for treating scars can at times lead to various side effects, such as itching, post-operative pain, blister formation, redness, bruise formation, swelling, and breakouts. These side effects may last from few hours to few weeks, depending upon the skin type of an individual. Additionally, the non-invasive treatments, such as creams, gels, sprays and oils can at times cause stinging, itching, redness, burning sensation, and skin discoloration. These side effects act as a major key barrier in the growth of the scar treatment market, globally.
Some of the key players in the global scar treatment market are Syneron Medical Ltd., Smith & Nephew Plc, Shanghai Fosun Pharmaceutical (Group) Co. Ltd., Mölnlycke Health Care AB, Merz GMBH & Co KGAA, Beijing Toplaser Technology Company Ltd., Pacific World Corporation, Valeant Pharmaceuticals International Inc., Sonoma Pharmaceuticals Inc., Avita Medical Ltd. Enaltus LLC, Scarguard Labs LLC, CCA Industries Inc., Hologic Inc. and Quantum Health.
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