19-Mar-2018 | Zion Market Research
Zion Market Research has published a new report titled “Scar Treatment Market by Product Type (Topical Products, Laser Treatment, Surface Treatment and Injectables), by Scar Type (Atrophic Scars, Hypertrophic and Keloid Scars, Contracture Scars, Stretch Marks) and by End Users for Hospitals, ASC’s, Clinics and Others: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023”. According to the report, global scar treatment market was valued at approximately USD 6.27 billion in 2017 and is expected to generate revenue of around USD 11.41 billion by end of 2023, growing at a CAGR of around 9.50% between 2017 and 2023.
Due to increasing prevalence of skin diseases such as psoriasis, eczema, vitiligo, and photoaging of skin, which is increasing due to excessive exposure to pollution and ultraviolet radiation the global scar treatment market is likely to grow significantly in the forecast period. The affirmed causes further results in sunburns, reduced skin elasticity, and hair loss. These conditions without proper treatment on time can lead to the formation of scars. Various other skin problems such as acne, burns, post-surgical marks, and stretch marks due to pregnancy or changes in body weight can also lead to scar formation.
Browse the full "Scar Treatment Market by Product Type (Topical Products, Laser Treatment, Surface Treatment and Injectables), by Scar Type (Atrophic Scars, Hypertrophic and Keloid Scars, Contracture Scars, Stretch Marks) and by End Users for Hospitals, ASC’s, Clinics and Others: Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 - 2023?" report at https://www.zionmarketresearch.com/report/scar-treatment-market
Growth in revenue generated from the sales of scar treatment products and services is directly attributed to the increasing economic growth and rising personal disposable income levels globally. While treatment of burn scars and keloids is considered to be medically necessary by regulatory bodies, treatment of spot correction, mild-to-medium acne is not deemed as a medical necessity. The rise in affluent population has also been responsible for further fuelling demand for aesthetic corrective procedures such as volume restoration, dermal filling, laser treatments, and wrinkle reduction. Hyaluronic acid-based dermal fillers and botulinum type-A injections are prime examples of the same. Markets across the world are also witnessing growth in demand for combination therapeutics in scar treatments, with a view to increase the effectiveness of the procedure and shorten treatment duration.
The scar treatment market is segmented on the basis of product type into topical products, laser treatment, surface treatment, and injectables. Topical product segment is expected to grow at fastest rate in the global market over the forecast period due to its cost-effectiveness, easy application, and easy availability. Also though the laser treatment is a bit expensive, but the faster and effective laser treatment provides better results with very less recovery time.
Based on scar type the market is segmented into atrophic scars, hypertrophic and keloid scars, contracture scars, stretch marks. Hypertrophic is the most common type of scar with a raised pattern, not characterized by any malignancy and get resolved by its own, whereas keloids which are much larger in size, elevated in shape and can be developed in any part of the body where there is any injury. Keloids are anticipated to affect both sexes and normally evolved from insect bites, surgical incision, burns or any injury. The dark-skinned people are more prone to keloids. Atrophic scars are associated with skin diseases mostly acne and they are flat in shape. Burn is the source of contracture scar, which confines the motion because of skin and surrounding tissue that force together amid mending.
Hospitals, ASC’s, clinics and others are the key applications segments of the global scar treatment market. The hospital segment dominates the scar treatment market in terms of market share followed by the private clinic and the reason behind it is the usage of topical care medicines, laser operations and surgical incision mostly are performed in a hospital.
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of global scar treatment market. North America and Europe are anticipated to remain the leading regions over the forecast period. According to the AAD, approximately 85% of the population in the U.S. suffers from acne, every year. The growing awareness about various technologies, which can enhance physical appearance of an individual, is driving the demand for advanced scar treatment products in the U.S. The Asian scar treatment market is expected to grow at a faster rate as compared to the other regions, owing to growing focus on personal well-being, increasing disposable income and rising prevalence of skin related problems in the region.
Some of the key players in scar treatment market include Smith & Nephew Plc, Merz, Inc., Enaltus LLC, Oculus Innovative Sciences, Inc., CCA Industries Inc., Cynosure Inc., Avita Medical Limited, Lumeins, Syneron Medical Ltd., Pacific World Corporation and others. Major players are frequently engaged in mergers & acquisitions to retain their market share and diversify their product portfolio. Also, key parameters affecting competition are rapid adoption of advanced options and rising need for optimum capital utilization.
This report segments the global scar treatment market as follows:
Global Scar Treatment Market: Product Type Segment Analysis
Global Scar Treatment Market: Scar Type Segment Analysis
Global Scar Treatment Market: End-User Segment Analysis
Global Scar Treatment Market: Regional Segment Analysis
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