The size of the Global Scar Treatment Market was valued at USD 19.2 billion in 2019 and is projected to reach USD 31.26 billion by 2024, growing at a CAGR of 10.24% during the forecast period from 2019 to 2024.
Scar treatment is a procedure that is used to minimize the scars in a way that they look more consistent with the surrounding skin tone and texture. Scars are observable signs that persevere after a wound heals. They are inevitable results of wound or surgery, and their growth is unpredictable. Scars may be different in color or texture from the surrounding healthy tissue, elevated or dipped, or particularly clear due to their size, shape, or location.
Key growth drivers
Increasing incidence of skin diseases and, subsequently, scars, will drive the global scar treatment market in the coming years. Additionally, technological advancements in scar treatment and growing appearance consciousness among consumers are also driving the growth of the market. Side effects associated with scar treatment and high cost of treatment are restraining the market growth.
Major Challenges
The dearth of skilled persons in analyzing the cause and treating with an appropriate procedure is slowly restraining the demand of the market. The cost of the equipment used in the procedure is very high and this remains a challenging factor for the market developers. Increasing side effects and complications due to high radiations in laser treatment are hindering the demand of the market. Lack of sufficient knowledge over the applications is limiting the demand of the market.
Potential Opportunities
Growing prevalence for plastic surgery is a major factor in surge growth opportunities for the market. Increasing incidences of road accidents lead to most common injuries and this attribute is creating chances for the market. Rise in the awareness over the availability of treatment procedures is leveling up the demand of the scar treatment market. Also, stringent rules and regulations by the government in concern towards people's safety are also propelling the demand of the market.
Scar treatment can be applied for the scars after injury or any surgery. It may do not completely remove them but reduces up to the extent. Due to the aforementioned reason, market growth is going high. The collaboration of insurance companies with cosmetic surgery hospitals and providing great deals for the customers is magnifying the growth of the market.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
|
Forecast Period |
2019 - 2024 |
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Segments Covered |
By Treatment Type, Scar Type End-User, Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
Oculus Innovative Sciences Inc, Smith & Nephew PLC, Nutramarks Inc, Merz Inc, Enaltus LLC, CCA Industries Inc, Cynosure IncLumenis, Syneron Medical Ltd, Mölnlycke Health Care, Avita Medical Limited, Pacific World Corporation, Shanghai Fosun Pharmaceuticals Ltd, Valeant Pharmaceuticals International Inc, Beijing Toplaser Technology Company Limited. |
This research report on the Global Scar Treatment Market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2024.
Scar Treatment Market - By Treatment Type:
On the basis of Treatment Type, Topical Treatment Type is witnessed in holding the highest shares of the market. The emergence of laser treatment procedures in the medical sector is escalating the growth of the market. Also, increasing awareness among people over the availability of different surgical procedures which are less painful and cost-effective is fueling the demand for the scar treatment market.
Scar Treatment Market - By Scar Type:
On the basis of scar type, the Acne scars segment is leading the market as these scars are most common and their treatment involves antibiotic treatment or laser solutions.
Scar Treatment Market - By End User:
On the basis of End-Users, the Hospitals sector is having the highest shares of the market. Increasing the constructional activities of hospitals with the latest equipment is greatly influencing the growth of the market. Rise in the capital income in both developed and developing countries is eventually making the scar treatment market growth to move forward.
Regional Analysis:
North America accounts for almost one-third of the market share and dominates the market. Latin America is expected to witness the fastest growth with the highest CAGR. Currently, there is an economic downturn in the European region but healthy growth is expected in the forecast period.
Key market participants leading the Global Scar Treatment Market profiled in the report are:
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Treatment Type
5.1.1 Topical Treatment
5.1.1.1 Creams
5.1.1.2 Oils
5.1.1.3 Gels
5.1.1.4 Gel Sheets
5.1.2 Surface Treatment
5.1.2.1 Dermabrasion
5.1.2.2 Chemical Peeling
5.1.2.3 Cryosurgery
5.1.3 Laser Treatment
5.1.4 Injectable Treatment
5.1.4.1 Tissue Fillers
5.1.4.2 Steroid Injections
5.1.5 Invasive Surgical Treatment
5.2 By Scar Type
5.2.1 Keloid and Hypertrophic Scars
5.2.2 Contracture Scars
5.2.3 Acne Scars
5.2.4 Stretch Scars
5.2.5 Post-Surgical Scars
5.3 By End Users
5.3.1 Hospitals
5.3.2 Private Clinics
5.3.3 Pharmacies & Drug Stores
5.3.4 E-Commerce
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.3.6 Australia
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Argentina
6.4.5 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Occulus Innovative Sciences Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Smith & Nephew PLC
8.3 Nutramarks Inc.
8.4 Merz Inc.
8.5 Enaltus LLC
8.6 CCA Industries Inc.
8.7 Cynosure IncLumenis
8.8 Syneron Medical Ltd.
8.9 Syneron Medical Ltd.
8.10 Avita Medical Limited
8.11 Pacific World Corporation
8.12 Shanghai Fosun Pharmaceuticals Ltd.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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