Global Scar Treatment Market: Snapshot
Growing awareness among people regarding their appearance is a key factor fuelling growth of the scar treatment market. Presence of scars are impacting on day-to-day life of people suffering from the acne problem. Thus, demand for the scar treatment market is rising and likely to propel growth of the global scar treatment market. Additionally, acne scars are common problem in women which can make them uncomfortable and expected to boost demand for scar treatment products which is likely to propel growth of the global scar treatment market.
Rise in number of accidents such as burns and road accidents are leading to occurrence of some serious injuries. These injuries leaves scars on body which require surgical treatments. Hence, patients have undergone the treatments which provided topical products in order to reduce scars on the body. Additionally, cosmetic surgeries carried with laser instruments are used in the treatment of injuries from accidents. In order to reduce effects of the scars on daily life of the victim, the patients are adopting the plastic surgeries or resurfacing laser therapies.
According to the report by TMR, the global scar treatment market was valued at around US$ 14,723.2 mn in 2017 and is expected to expand at a CAGR of around 8.2% from 2018 to 2026 to attain value of US$ 29,592.1 mn by the end of 2026.
High Prevalence of Scars to be Beneficial for Growth
On the basis of treatment type, the global scar treatment market is segmented into topical products, laser treatment, and injectables. Topical products type segment is classified in to creams, silicone sheets, gels, and others. Laser treatment type segment is classified in to pulsed dye laser, CO2 Lasers, and excimer laser. Of these, the topical products segment dominated the global market for scar treatment in 2017. This segment is expected to expand with impressive growth rate over the forecast period owing to the growing inclination toward combination drugs therapy.
On the basis of scar type, the global scar treatment market is segmented into hypertrophic scars and keloids, atrophic & acne scars, contracture scars, and others. Among these, the atrophic & acne scars segment accounted for the larger share in 2017, in the overall market. Owing to, rise in number of people has suffering from acne issues such as rolling acnes and ice pick scars.
Growing Favorable Reimbursement Policies to Bolster Growth in Asia Pacific and Europe
On the basis of region, the global scar treatment market is segmented into North America, Europe, Latin America, Asia Pacific, and Rest of the World. Of these, North America is dominating the global market for scar treatment and is expected to remain dominant by the end of 2026. This growth of North America is attributed to high awareness, availability of innovative technologies and growing penetration of healthcare across the region. However, the market in Asia Pacific is expected to expand with a rapid CAGR owing to growing demand for the treatment in the developing countries such as China and Japan.
Key players operating in the scar treatment market include Valeant Pharmaceuticals International, Inc., Pacific World Corporation, Sonoma Pharmaceuticals, and Merz Pharma, Sientra, Inc.
Scar Treatment Market – Overview
This report studies the current as well as future prospects of the global scar treatment market. Stakeholders of this report include companies and intermediaries engaged in the manufacture, commercialization, and provision of scar treatment for skin problems, and new players planning to enter the market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered in the scope of the study. This section also provides the overall information and data analysis of the global scar treatment market with respect to the leading segments based on treatment type, scar type, distribution channel, and region.
Based on treatment type, the global scar treatment market has been categorized into topical products [creams, gels, silicone sheets, and others (sprays, oils, etc.)], laser treatment (Co2 lasers, pulsed dye laser, excimer laser,) injectables, and others. In terms of scar type, the market has been classified into atrophic & acne scars, hypertrophic scars and keloids, contracture scars, and others (stretch marks). Based on distribution channel, the global scar treatment market has been divided into hospital pharmacies, retail pharmacies, and online pharmacies.
Each of the segments has been extensively analyzed based on market-related factors such as incidence and prevalence of skin-related disease. Moreover, historical year-on-year growth has been taken into consideration while estimating the market size. The market size and forecast in terms of US$ Mn for each segment have been provided for the period from 2016 to 2026. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2018 to 2026, considering 2017 as the base year.
The overview section of the report analyzes market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the scar treatment market and is likely to influence the market in the near future. Market attractiveness analysis has been provided in the overview section in order to explain the intensity of competition in the market across different regions. The competitive scenario among different market players has been evaluated through market share analysis in the competitive landscape section of the report. All these factors are expected to help market players take strategic decisions in order to strengthen their positions and expand their shares in the global scar treatment market.
In terms of geography, the global scar treatment market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market size and forecast for each of these regions have been provided for the period from 2016 to 2026, along with their respective CAGRs for the forecast period from 2018 to 2026, considering 2017 as the base year. The report also provides the market size and forecast for major countries in the respective regions. A detailed qualitative analysis of factors responsible for driving and restraining market growth and future opportunities has been provided in the market overview section. This section of the report also provides market attractiveness analysis, Porter’s Five Forces analysis, and market share analysis, by key players, thereby presenting a thorough analysis of the overall competitive scenario in the global scar treatment market.
Key players operating in the global scar treatment market include Valeant Pharmaceuticals International, Inc., Sonoma Pharmaceuticals, Pacific World Corporation, Merz Pharma, Sientra, Inc., Velius, LLC, CCA Industries, Inc., Mölnlycke Health Care AB (Investor AB), Fosun Pharmaceutical Co., Ltd. (Alma Lasers), Cutera, Inc., XIO Group (Lumenis), Smith & Nephew plc, and Alliance Pharma.
The global scar treatment market has been segmented as follows:
Global Scar Treatment Market, by Treatment Type
- Topical Products
- Silicone Sheets
- Others (Sprays, Oils, etc.)
- Laser Treatment
- CO2 Lasers
- Pulsed Dye Laser
- Excimer Laser
Global Scar Treatment Market, by Scar Type
- Atrophic & Acne Scars
- Hypertrophic Scars and Keloids
- Contracture Scars
- Others (Stretch Marks)
Global Scar Treatment Market, by Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Global Scar Treatment Market, by Region
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa