The demand for scar treatment in Latin America has been growing, mainly due to increasing awareness and consciousness about appearance among people in the region. The growth in the region is expected to be concentrated around Brazil, due to increasing demand of scar treatment products in the country. Additionally, the disposable income in Brazil has been increasing, due to which the affordability for such procedures has also increased. It has been also observed that the number of aesthetic plastic surgeries performed in the country for various purposes, including scar treatment has also been increasing.
According to the International Society of Aesthetic Plastic Surgery (ISAPS), 461,544 cosmetic surgeries were performed in Mexico in 2016, the third highest in the world after the U.S. and Brazil and 907,913 non-surgical procedures were performed in Mexico, the fourth highest in the world after the U.S., India and Brazil, thus driving the growth of the Latin America market.
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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.
Some of the key players operating in the Latin America scar treatment market
1- Advanced Biotechnologies Inc.
2- Scar Heal Inc.
3- Silimed Inc.
4- Natura Cosméticos S.A.
5- Grupo Biomayan
6- Biodermis Cosmetics Ltd.
7- GC Aesthetics PLC
8- Humco Holding Group, Inc.
9- Farmoquimica S.A.
This post was originally published on Technology Trend