Global Scar Treatment Market

Global Market Study on Scar Treatment: Increase in Road Mishaps to drive market expansion

Global Scar Treatment Market Segmented By Gels, Cream, Oil, Sheet Scar Treatment Product with CO2 Lasers, Excimer Lasers, Pulsed Dye Lasers Treatment, Surface Scar Treatment, Injectable Scar Treatment

  • June-2022
  • PMRREP10819
  • 274 Pages
  • Healthcare
  • PPT, PDF, WORD, EXCEL

Scar Treatment Market Outlook (2022 - 2029)

The Global Scar Treatment Market value is projected to exceed US$ 14,303.6 million by the year 2029 at a steady CAGR of 3.5%. Increased rates of accidents and burns are among the key drivers of the scar treatment market. Accidents cause injuries, such as burns and lacerations, which frequently result in scarring. For a long time, the scar might cause a lack of flexibility and can induce pain. Topical remedies such as creams and lotions can be used to cure scars. Scars can also be healed using laser treatment, such as CO2 lasers and pulsed dye lasers.

Scar Treatment Market Size (2022)

US$ 11,235.4 Mn

Projected Market Value (2029)

US$ 14,303.6 Mn

Global Market Growth Rate (2022-2029)

3.5% CAGR

Share in parent market

57.3%

Find Out More about the Report Coverage

Companies

  • Smith and Nephew plc.
  • HRA Pharma
  • Sonoma Pharmaceuticals, Inc.
  • CCA Industries Inc.
  • Cynosure, Inc.
  • Avita Medical Limited
  • Mölnlycke Health Care AB
  • Pacific World Corporation
  • Shanghai Fosun Pharmaceuticals Ltd.
  • Beijing Toplaser Technology Company Limited
  • Bausch Health Companies Inc.
  • Others

Scar Treatment Market Demand Analysis (2014-2021) v/s Market Outlook (2022 – 2029)

The Scar Treatment Market is expected to have a CAGR of 3.5% over the forecast period. This is mostly due to road accidents, burn injuries or other traumatic condition, including surgery. Apart from that, technological advancements in skin care and growing concerns regarding aesthetics appearance, especially in developed countries, is likely to fuel the fall detection system market. Furthermore, the rising consumers’ preference for personal healthcare systems can boost the global fall detection system market. Furthermore, the increase in incidences of child cesarean birth responsible for surgery scars also contributes in growth of market.

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What is expected to keep the Hopes High for Scar Treatment Market?

  • “Increased Prevalence of Skin Diseases”

The increased prevalence of skin disorders is the primary factor driving market growth globally. Skin problems such as photoaging, eczema, and vitiligo are on the rise as a result of excessive UV (ultraviolet) radiation and pollution, which causes hair loss, sunburn, and decreased skin elasticity. If these diseases are not managed and treated properly they can result in the formation of scars. Scar treatment treatments are widely used to treat such skin problems and counteract the detrimental effects of UV radiation. Apart from this, the other factors such as increased urbanization, rising disposable income, the launch of natural and organic products, and extensive advertising methods by service providers are likely to enhance the market growth throughout the forecast period.

scar-treatment-market

  • “Increasing Rate of Road Accidents”

Increased hospitalization due to road accidents and burns is among the key factors driving the growth of the scar treatment market. Road accidents cause injuries, such as burns and lacerations, which frequently result in scarring. Laser treatment and topical therapies such as creams and lotions are used to cure scars. An increase in the number of road accidents is expected to boost the expansion of the scar treatment market over the forecast period.

  • “Risk-free Approach”

Scar and other skin treatment methods have emerged as risk-free options, and this factor is one of the key drivers of market growth. The rising number of people are gravitating toward these risk-free treatment processes, and numerous scar treatment companies are raising awareness about the cost-effectiveness of various scar treatment treatments for the management of skin diseases and other scars. These elements are projected to drive market growth in the coming years.

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What restraints is the Scar Treatment Market subject to?

  • “High Cost of Devices”

The global scar treatment market is dominated by technology. Because of better efficiency and results, the emergence of new technologies into the market raises demand for these devices. However, the high cost of these innovative devices raises the issue of affordability, impeding the growth of the global scar treatment market, particularly in developing nations. Furthermore, the absence of proper reimbursement policies also has an impact on medical devices and products.

  • “Less Efficacy of Topical Medications ”

The scar treatment market is seeing an increase in the use of topical medications such as gels, creams, and oils, but this trend is unlikely to last long. The primary problem is a lack of clinically proven efficacy across all scar forms. This issue is expected to reduce market share and revenue growth of existing goods as customers become more aware of product clinical efficacies and treatment efficacy sustainability.

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Impact of COVID-19 on Scar Treatment Market

The COVID-19 outbreak had a significant impact on the Global Scar Treatment Market. During the pandemic, there was significant drop in scar treatment procedures, because many unessential medical procedures including scar treatment were either cancelled or postponed because of the strict government guidelines and the global lockdown. However, the demand for scar treatment procedures increased again when the situation got better and the Covid-19 restrictions were removed.

Competitive Landscape

The Scar Treatment market is highly competitive and consists of significant major players that dominate the market. Major players in the market are focusing on expanding their product portfolios by launching new, technologically advanced products and by receiving approval from different government bodies.

Scar Treatment Market Industry Report Scope

Attribute

Details

Forecast Period

2022-2029

Historical Data Available for

2014-2021

Market Analysis

  • US$ Mn/Bn for Value

Key Regions Covered

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa

Key Countries Covered

  • U.S.
  • Canada
  • Germany
  • Italy
  • France
  • U.K.
  • Spain
  • Russia
  • India
  • China
  • Japan
  • UAE
  • Australia

Key Market Segments Covered

  • By End User

Key Companies Profiled

  • Smith & Nephew plc.
  • HRA Pharma
  • Sonoma Pharmaceuticals, Inc.
  • CCA Industries Inc.
  • Cynosure, Inc.
  • Avita Medical Limited
  • Mölnlycke Health Care AB
  • Pacific World Corporation
  • Shanghai Fosun Pharmaceuticals Ltd.
  • Beijing Toplaser Technology Company Limited
  • Bausch Health Companies Inc

Customization & Pricing

Available upon Request

Scar Treatment Market Categorization

Scar Treatment Market by By Product

  • Topical Scar Treatment Products
    • Scar Treatment Gels
    • Scar Treatment Creams
    • Scar Treatment Oils
    • Scar Treatment Sheets
  • Scar Treatment Lasers
    • CO2 Lasers
    • Excimer Lasers
    • Pulsed Dye Lasers
  • Surface Scar Treatment
  • Injectable Scar Treatment

Scar Treatment Market By Application

  • Atrophic Scar Treatment
  • Acnes
    • Ice Picks
    • Box Scars
    • Rolling Acnes
    • Trauma and Surgery
  • Hypertrophic Scars and Keloids
  • Contracture Scar Treatment
  • Stretch Marks

Scar Treatment Market By End User

  • Hospitals
  • Clinics
  • Pharmacies & Drug Stores
  • e-Commerce

Scar Treatment Market by Region

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)

- FAQs -

In 2022, the Scar Treatment Market stands at USD 11,235.4 million, and it is expected to reach USD 14,303.6  million by 2029 at a CAGR of 3.5%.

Scar Treatment Market exhibited a 3.2% CAGR between 2014 and 2021.

High cost of device and less efficacy of topical medicines are the key restraints in the Scar Treatment Market.

Increased prevalence of skin diseases and risk-free approach of treatment procedures are the key factors driving the growth of the market.

Smith & Nephew plc., HRA Pharma, Sonoma Pharmaceuticals Inc., and CCA Industries Inc., are among the top players in the market.

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