As per our research report, the Latin America Scar Treatment Market was valued at USD 3.00 billion in 2022. It is further projected to reach USD 5.18 billion by 2027, growing at a CAGR of 11.54%.
Treatment by surgery can be effective as it provides benefits like changing the width or shape of the scar, changing its position, and releasing a tight scar close to the joint for improving joint movement. In addition, some facial scars can be covered by using cosmetic camouflage.
Technological advancements and increasing appearance consciousness are the major factors driving the scar treatment market. As a result, there is an increase in the use of silicon-based products for the prevention and treatment of scars. Silicon sheets have gained popularity in the market as they protect the scar from moisture and infection.
The Latin American scar treatment market is expected to be driven by the increase in the number of road accidents in the region which is due to the lack of road safety that results in 130,000 fatalities with 6 million injuries per year, for instance, in 2015, in this region the road traffic fatality rate was 19.2 percent per 100,000 people, which is the primary factor that is driving the demand for the treatment in the market.
Also, the initiatives and fundings from the government and non-government for raising awareness about the availability of the treatment and the medications are driving the market growth. Furthermore, the increase in the new developments and innovation in the technology for more advancements in scar treatment and government policies are also facilitating the growth of the scar treatment market in the Latin American region.
However, increase in the high costs of treatment, products, and procedures as more than 2- 3 sessions depending upon the type of the skin and severity of the condition; also, the lack of skilled and trained individuals for handling the equipment and adequately treating the scar can hinder the growth of the market. In addition, due to an increase in the side effects of some therapies as these treatment uses light and heat to treat the damaged cells, people experience side effects such as infections that affect the market growth of the scar treatment.
This research report on the Latin American Scar Treatment Market has been segmented and sub-segmented into the following categories:
By Treatment Type:
By Scar Type:
By End User:
By Country:
Geographically, the Latin American region is expected to witness a promising share in the global scar treatment market during the forecast period. The market growth is attributed to the increasing number of road accidents, technological advancements, and the rising popularity and awareness about plastic surgery.
The Brazilian scar treatment market is expected to grow at a promising rate during the forecast period. It is one of the most popular countries for scar treatment. Furthermore, the increase in the research and development activities for developing a new and advanced treatment for burns and scars with good medical facilities is increasing the market growth for scar treatment.
Other countries such as Mexico and Argentina are expected to showcase lucrative growth rates due to the initiatives and raising awareness about the treatment available in the market. With the help of government and non-government funding, stringent policies are estimated to drive market growth.
KEY MARKET PLAYERS:
A few of the prominent companies operating in the Latin American Scar Treatment Market profiled in the report are Oculus Innovative Sciences Inc., Smith & Nephew PLC, Nutramarks Inc, Merz Inc, Enaltus LLC, CCA Industries Inc., Cynosure IncLumenis, Syneron Medical Ltd, Mölnlycke Health Care, Avita Medical Limited, Pacific World Corporation, Shanghai Fosun Pharmaceuticals Ltd, AC. Alma Lasers, Valeant Pharmaceuticals International Inc. and Beijing Toplaser Technology Company Limited.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Treatment Type
5.1.1 Topical Treatment
5.1.1.1 Creams
5.1.1.2 Oils
5.1.1.3 Gels
5.1.1.4 Gel Sheets
5.1.2 Surface Treatment
5.1.2.1 Dermabrasion
5.1.2.2 Chemical Peeling
5.1.2.3 Cryosurgery
5.1.3 Laser Treatment
5.1.4 Injectable Treatment
5.1.4.1 Tissue Fillers
5.1.4.2 Steroid Injections
5.1.5 Invasive Surgical Treatment
5.2 By Scar Type
5.2.1 Keloid and Hypertrophic Scars
5.2.2 Contracture Scars
5.2.3 Acne Scars
5.2.4 Stretch Scars
5.2.5 Post-Surgical Scars
5.3 By End Users
5.3.1 Hospitals
5.3.2 Private Clinics
5.3.3 Pharmacies & Drug Stores
5.3.4 E-Commerce
6. Geographical Analysis
6.1 Introduction
6.2 Brazil
6.3 Mexico
6.4 Argentina
6.5 Rest of Latin America
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Occulus Innovative Sciences Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Smith & Nephew PLC
8.3 Nutramarks Inc.
8.4 Merz Inc.
8.5 Enaltus LLC
8.6 CCA Industries Inc.
8.7 Cynosure IncLumenis
8.8 Syneron Medical Ltd.
8.9 Syneron Medical Ltd.
8.10 Avita Medical Limited
8.11 Pacific World Corporation
8.12 Shanghai Fosun Pharmaceuticals Ltd.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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