Latin America Scar Treatment Market Analysis, Share, Growth Drivers and Forecast to 2024

CITY, Country, 2019-Jul-17 — /EPR Network/ —

The Latin America (LATAM) scar treatment market size was valued at $1,052.4 million in 2017, which is expected to reach $1,797.5 million by 2023, growing at a CAGR of 9.4% during the forecast period (2018-2023). Topical scar treatment held the largest share of the market in 2017, ahead of surface, laser, injectable, and surgical treatments. Scar treatment for keloid & hypertrophic scar is expected to witness the highest growth during forecast period in the regional market mainly due to increasing number of dermal injuries in the region.

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Among the various end users, home-use as an end-user category held the largest share in the scar treatment market in Latin America. Hospitals are expected to witness highest growth as an end-user category in this market, during the forecast period.

Brazil’s medical tourism offers treatment and surgeries in aesthetic surgery thus, supporting the growth of the scar treatment market. With the increase in the volume of surgical and non-surgical aesthetic procedures in Latin America, the demand for various scar treatments is also expected to increase, thereby supporting the growth of the market.

The key players are focusing on gel based scar treatment in the Latin America market. For instance, Medgel is an advanced line of silicone gel, offered by Silimed Inc., for treatment or prevention of scars, hypertrophic scars and keloid. Similarly, GC Aesthetics, recently launched Silgel direct to the consumers for the first time. Silgel is a silicone gel based, product for the treatment of hypertrophic and keloidal scars.

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Some of the key players operating in the Latin America scar treatment market include Advanced Biotechnologies Inc., Scar Heal Inc., Silimed Inc., Natura Cosméticos S.A., Grupo Biomayan, Biodermis Cosmetics Ltd., GC Aesthetics PLC, Humco Holding Group, Inc., Farmoquimica S.A.

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