A market research report recently published by Persistence Market Research (PMR) projects healthy growth prospects for the global scar treatment market. The report, comprising a detailed analysis of the key elements, key factors impacting growth and development, popular trends of past and present, regulatory landscape, and competitive landscape of the market, states that the market will expand at a 10.3% CAGR between 2015 and 2022.Growing at this pace, the market, with a valuation of US$16,048.7 mn in 2015, is expected to rise to US$31,904.8 mn by 2022.
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The report is titled “Global Market Study on Scar Treatment: Asia to Witness Highest Growth by 2022” and is available at the company website for sale.
The report states that the global market for scar treatment is witnessing significant growth owing to the rising prevalence of a number of skin diseases across all age-groups and the rising expenditure on personal care. Technological advancements in the field of scar treatment, innovations in products, and the rising consciousness about one’s appearance among the global population are also some of the key factors driving the global scar treatment market. However, the market’s growth is inhibited to a certain level owing to the high costs of advanced scar treatments and side effects associated with a few treatment methods.
The report segments the global scar treatment market on the basis of four criteria: treatment type, product type, scar type, and geography.
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