GMI Scar Treatment Market | Page 2

Acne scar treatment market is slated to witness lucrative growth owing to widespread acne prevalence. Approximately 85 percent individuals in the age group of 18 to 24 experience acne on various body parts. Stretch marks should grow at rapid pace over the forecast period. Presence of large patient population such as pregnant women and obese individuals suffering from stretch marks will augment growth. Browse key industry insights from the report “Scar Treatment Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Russia, China, India, Japan, Australia, Brazil, Mexico, South Africa, Saudi Arabia), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents: https://www.gminsights.com/industry-analysis/scar-treatment-market U.S. scar treatment market will witness significant growth over the forecast period owing to growing public appearance consciousness. Widespread prevalence of skin disorders such as acne will propel the regional industry growth. As per American Academy of Dermatology 2016 statistics, acne is the most common skin condition in the country affecting nearly 50 million individuals. Increasing disposable incomes coupled with increasing spending on personal care products will boost demand. Moreover, rising number of road accidents leading to injuries will stimulate industry growth. Brazil scar treatment market should grow at robust rate owing to increasing desire among the population to look beautiful and high per capita expenditure on cosmetic procedures. Increasing medical tourism for undergoing various cosmetic procedures would further aid industry expansion. Indian scar treatment market is poised to exhibit profitable growth owing to the presence of large population base with unmet needs. Growing awareness regarding scar treatment will boost growth. Increasing number of burn incidences and per capita expenditure coupled with improving healthcare infrastructure will aid industry expansion. Some of the prominent industry players in the industry include Smith and Nephew, Lumenis, Sonoma Pharmaceuticals, Hologic, and Merz. The industry players undertake various strategic initiatives such as acquisitions and new product development to strengthen their market presence. For instance, in March 2016, Sientra acquired bioCorneum advanced silicone gel products from Enaltus. The acquisition has broadened the company’s product portfolio. 2 | Page