Global Scar Treatment Market: Overview

  • According to Transparency Market Research’s latest report on the global scar treatment market for the historical period 2017–2018 and forecast period 2019–2027, rise in prevalence of chronic disorders, aging population, technological advancements, entry of new players, and increase in access to health care are projected to drive the global scar treatment market.
  • According to the report, the global scar treatment market was valued at US$ 15.08 Bn in 2018 and is projected to expand at a CAGR of 8.3% from 2019 to 2027.
global scar treatment market

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Favorable reimbursement policies and increase in demand of scar treatment products: Key Drivers

  • Rise in favorable reimbursement policies for the treatment of various scar conditions is fueling demand for scar treatment in the U.S. Additionally, reimbursement for burns, trauma, and post-operative surgical procedures is a major factor contributing to the scar treatment market in the country. Moreover, the U.S. Government is undertaking various favorable initiatives to accelerate the market by funding various manufacturers of scar treatment products.
  • Key opinion leaders have noted that absence of international apex organizations and data collection systems are creating a vacuum in terms of estimating the size of the scar management market. However, exchange of ideas and incidence cases by experts are likely to contribute toward formation of new treatment possibilities and greater penetration of scar treatment products and services in the scar treatment market.

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Focus on Geographic Expansion

  • Companies in the global scar treatment market are undergoing strategic acquisitions which enable product distribution in various regions and also strengthen their global presence. Rise in demand for technology-driven solutions, economic growth, and increase in awareness about chronic disorders present significant opportunities for players operating in the global scar treatment market.
  • Distributors of scar treatment products are reducing prices to gain a competitive edge over in the market. Pricing strategies are often combined with inexpensive means of product distribution with greater visibility. This is driving the online media as an effective advertisement vehicle. Various social media platforms, blogs, and social discussion websites act as a suitable medium for posting opinionated reviews of products and rating their popularity measures. This leads to an increase in penetration of Internet and e-commerce in the globally.
  • Companies such as Merz, Inc., Sonoma Pharmaceutical, Inc., and CCA Industries, Inc. are adopting various e-commerce marketing techniques to sell their products, especially topical products. The e-commerce companies provide topical products at discounted rate either through a coupon or through product bundling options. This strategy has increased consistent usage and purchase of scar treatment products by consumers. This, in turn, helps companies expand their market footprints worldwide.

Technology driven dependency and clinical efficacies to Hamper Market

  • The global scar treatment market is technology driven. Introduction of new technologies in the market increases the demand for these systems due to improved efficiency and outcomes. However, high cost of these new devices raises the affordability issue, which hampers the growth of the global scar treatment market, especially in the developing countries. Moreover, lack of reimbursement affects medical devices and products.
  • Rise in adoption of topical products such as gels, creams, and oils is increasing in the scar treatment market in the U.S. However, experts fear that this trend is not likely to continue in the long-run. The prime reason is the lack of documented clinical effectiveness across all scar types. This factor is anticipated hamper market share and revenue growth of established products as consumers are becoming more aware about clinical efficacies of products and sustainability of treatment effectiveness.

Global Scar Treatment Market: Competitive Landscape

  • This report profiles major players in the global scar treatment market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global scar treatment market is fragmented, with the presence of a number of international as well as regional players.
  • Various players operating in the global scar treatment market are
    • Valeant Pharmaceuticals International, Inc.
    • Sonoma Pharmaceuticals
    • Pacific World Corporation
    • Merz Pharma
    • Sientra, Inc
    • Velius
    • LLC
    • CCA Industries, Inc etc

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Global scar treatment market: Key Developments

Key players in the global scar treatment market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies of key players are likely to fuel the growth of the global scar treatment market. A few expansion strategies adopted by players operating in the global scar treatment market are: 

  • In April 2017, Sonoma Pharmaceuticals received regulatory approvals for two new pediacyn for atopic dermatitis and epicyn for scar management in the UAE.
  • On June 2017, Sonoma Pharmaceuticals announced the approval of two microcyn (hypochlorous acid) for the treatment of keloid / hypertrophic scars and atopic dermatitis in Singapore.
  • In March 2017, CCA Industries, Inc. announced the independent license agreement with Ultimark Products, LLC for global marketing rights of ‘Porcelana’ brand, which is an established skin tightening product.
  • In March 2017, Hologic Inc, acquired Cynosure Inc. Cynosure is a medical technology and aesthetic company which develops aesthetic treatment systems.
  • In March 2017, CCA Industries, Inc. announced the independent license agreement with Ultimark Products, LLC for global marketing rights of ‘Porcelana’ brand, which is an established skin tightening product. 

The report on the global scar treatment market discussed individual strategies, followed by company profiles of manufacturers of scar treatment products. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global scar treatment market.

TMR’s report on the global scar treatment market studies the past as well as current growth trends and opportunities to gain valuable insights of these indicators of the market during the forecast period from 2019 to 2027. The report provides revenue of the global scar treatment market for the period 2019–2027, considering 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) of the global scar treatment market during the forecast period.

The report has been prepared after an extensive primary and secondary research. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global scar treatment market.

Secondary research also included Internet sources, statistical data from government agencies, websites, companies’ presentations, sales data, and trade associations. Analysts have employed a combination of top-down and bottom-up approaches to study various phenomenon in the global scar treatment market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on the changing competitive dynamics in the global scar treatment market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global scar treatment market.

The report delves into the competitive landscape of the global scar treatment market. Key players operating in the global scar treatment market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global scar treatment market that have been profiled in this report.

Key Questions Answered in Global Scar treatment Market Report

  • What is the scope of growth of product companies in the global scar treatment market?
  • What will be the Y-o-Y growth of the global scar treatment market between 2019 and 2027?
  • What is the influence of changing trends in technologies on the global scar treatment market?
  • Will North America continue to be the most profitable market for scar treatment providers?
  • Which factors are anticipated to hamper the growth of the global scar treatment market during the forecast period?
  • Which are the leading companies in the global scar treatment market?

Research Methodology

A unique research methodology has been utilized by TMR to conduct comprehensive research on the growth of the global scar treatment market and arrive at conclusions on its growth prospects. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary methods referred to by analysts during the production of the global scar treatment market report include statistics from company annual reports, SEC filings, company websites, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of TMR’s study on the scar treatment market as primary methods.

These primary and secondary methods have provided exclusive information during interviews, which serve as a validation from the scar treatment market leaders. Access to an extensive internal repository and external proprietary databases enabled this report to address specific details and questions about the global scar treatment market with accuracy. The study also uses the top-down approach to assess the revenues for each segment and the bottom-up approach to counter-validate them. This has helped in reaching TMR’s estimates on future prospects of the global scar treatment market more reliably and accurately.

Regional Segmentation of Global Scar treatment Market

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

Global Scar treatment Market – Segmentation

Scar Type

Atrophic & Acne Scars

Hypertrophic Scars and Keloids

Contracture Scars

Others (Stretch Marks)

Treatment Type

Topical Products

Laser Treatment

  • CO2 Lasers
  • Pulsed Dye Laser
  • Excimer Laser

Injectables

Others

Topical Products

Creams

Gels

Silicone Sheets

Others (Sprays, Oils, etc.)

Distribution Channel

Hospital Pharmacies

Retail Pharmacies

Online Pharmacies

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

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Scar Treatment Market

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