by Scar Treatment Market Size 2022-2030, Market Share Analysis, Growth, Trends, Covid 19 Outbreak Impact Research Report Added by Precedence Research.
The global scar treatment market size is projected to hit USD 56.76 billion by 2030. Furthermore, the CAGR from 2022 to 2030 is positioned to be at a CAGR of 10.7%.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2022 to 2030.
Download FREE Sample of This Strategic Report with TOC, Graphs & List of Figures @ https://www.precedenceresearch.com/sample/1303
The demand for cosmetics and various scar removal products is increasing among the population. This is majorly due to the aesthetic appeal. Scars are among the top factors that stimulates the consumption of various scar treatment products. The scar treatment market is majorly driven by the growing cases of road accidents, burn injuries, stretch marks, and other reasons.
According to a data published by the Population Reference Bureau, every year, around 50 million individuals are injured due to road accidents. As per the American Burn Association, there are more than 485,000 burn injury cases reported in US every year. Therefore, the growing cases of burn injuries and road accidents are significantly boosting the growth of the scar treatment market across the globe. Moreover, the growing concerns among the young adults regarding their aesthetic appearances are primarily driving the market growth.
Crucial factors accountable for market growth are:
- Rising personal disposable income
- Growing concerns among the young population regarding their looks
- Rising prevalence of skin diseases
- Technological advancements in the scar treatment industry
- Growing number of road accidents
- Easy availability of topical scar treatment products as OTC products
- Rising penetration of healthcare units in emerging countries
Market Dynamics
Drivers – Rising prevalence of skin diseases among the population is a major factor boosting the demand for the scar treatment products.The excessive exposure to sunlight and pollution may cause skin disease such as photo-aging, psoriasis, sunburns, and vitiligo. These diseases may lead to scars if not treated properly.
Restraints – Lack of awareness regarding scar treatment, low disposable income, and lack of sophisticated healthcare infrastructure in underdeveloped nations are the major restraints that may hamper the market growth.
Opportunities – Most of the cosmetic surgeons and doctors are now suggesting to use silicone based scar treatment products such as gel sheets, as they are very much effective in eliminating scars overtime. Hence, the adoption of silicone based scar treatment products is a trending topic in the market.
Challenges – The high cost of certain treatments like laser treatment for removing scars is a major challenge that restricts the consumers to opt for other alternatives. Technological innovations are to be undertaken to make this treatment cost-effective for the consumers.
Regional Snapshots
North America is the dominating scar treatment market owing to the increased prevalence of scars in the region. According to the NCBI, around 100 million patients acquire scars owing to the elective operations and after-trauma operations in the developed nations, annually. It is estimated that around 11 million people have keloid scars and around 4 million people have burns, of which over 70% of the affected population consists of children. Hence, the growing prevalence of scars coupled with improved healthcare access and demand for aesthetic improvement has fostered the growth of the scar treatment market in North America.
Asia Pacific is estimated to be the fastest-growing market owing to the increased prevalence of road accidents. As per the WHO, the maximum road accidents occur in the low and middle income countries due to the lack of better roadways. Moreover, in the nations like India, where the population of youth is higher than any other nation are expected to foster the market growth. The young population concerned about their looks is significantly propelling the demand for the scar treatment products in the region.
Report Highlights
- By treatment type, the laser segment is anticipated to grow at a rapid pace during the forecast period. This is attributable to the growing awareness regarding the laser skin treatment. Moreover, it provides rapid, effective, and painless treatment of scars.
- By scar type, the hypertrophic & keloid is anticipated to be the most opportunistic segment. The growing prevalence of keloid scars especially in the developed regions like North America and Europe, is estimated to boost the segment growth throughout the forecast period.
- By end use, the home-use segment led the global scar treatment market with remarkable revenue share in 2020. The increasing popularity of e-pharmacy and other digital pharmacy platforms coupled with the increased penetration of retail pharmacies across the world has significantly contributed towards the establishment of this segment as a leading segment in the past.
Competitive Intelligence
The scar treatment market report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation, and so on.
Some of the key players in the global scar treatment market include:
- Bausch Health Companies, Inc.
- Candela Corp.
- Sonoma Pharmaceuticals, Inc.
- Hologic, Inc.
- Johnson & Johnson
- Quantum, Inc.
- CCA Industries, Inc.
- Avita Medical Ltd.
- Revitol Corp.
- Scarguard Labs, LLC.
Segments Covered in the Report
By Treatment Type
- Topical
- Laser
- Surface
- Surgical
- Injectable
By Scar Type
- Acne & Atrophic
- Stretch Marks
- Hypertrophic & Keloid
- Contracture
By End Use
- Dermatology Clinics
- Home-Use
- Hospitals
By Geography
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
Purchase Full Research Report (Single User License US$ 4500) @ https://www.precedenceresearch.com/checkout/1303
About Us
Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.
Contact Us:
Precedence Research
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
Address: Apt 1408 1785 Riverside Drive Ottawa, ON, K1G 3T7, Canada
