Latin America Scar Treatment Market Size & Outlook
Latin America scar treatment market, 2018-2030 (US$M)
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Latin America scar treatment market highlights
- The Latin America scar treatment market generated a revenue of USD 1,619.6 million in 2023.
- The market is expected to grow at a CAGR of 10.2% from 2024 to 2030.
- In terms of segment, topical was the largest revenue generating product in 2023.
- Laser is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,619.6 million |
| Market revenue in 2030 | USD 3,189.2 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Topical |
| Fastest growing segment | Laser |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Topical, Laser, Injectables, Other Products |
| Key market players worldwide | Smith & Nephew PLC, Lumenis, Merz Pharma, Sonoma Pharmaceuticals Inc, Cynosure, CCA Industries Inc, Mölnlycke Health Care, Suneva Medical, Pacific World Corporation, Perrigo Co PLC, Enaltus, Newmedical, Make Love Not Scars |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.7% of the global scar treatment market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 15,561.1 million by 2030.
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Scar Treatment Market Scope
Scar Treatment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America scar treatment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to scar treatment market will help companies and investors design strategic landscapes.
Topical was the largest segment with a revenue share of 58.4% in 2023. Horizon Databook has segmented the Latin America scar treatment market based on topical, laser, injectables, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is also showcasing major growth opportunities for noninvasive treatments. This market is growing at a lucrative pace, because of availability of procedures such as laser resurfacing and scar revision at cheaper costs than those in North America or Europe.
Brazil has become a hotspot for medical tourism due to the presence of trained professionals, good infrastructure, and low treatment costs. Moreover, investments from international players, improving disposable income, increasing number of esthetic procedures, growing middle-aged population, and clinical advancements are likely to further drive the market.
This region has a large number of hospitals & clinics that offer treatment for atrophic, hypertrophic, and keloid scars. Individuals in this region often suffer from hyperpigmentation and usually tend to treat this condition with the help of topical creams & gels, and opt for laser treatments for severe cases.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America scar treatment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America scar treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America scar treatment market size, by country, 2018-2030 (US$M)
Latin America Scar Treatment Market Outlook Share, 2023 & 2030 (US$M)
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