The global scar treatment market size is forecasted to grow USD 34.46 billion by 2027 from USD 21.17 billion in 2022, growing at a CAGR of 10.24% between 2022 to 2027.
Scar treatment is a procedure used to minimize the scars to 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 wounds or surgery, and their growth is unpredictable. Scars may differ in color or texture from the surrounding healthy tissue, elevated or dipped, or particularly evident due to their size, shape, or location. Scar treatment can be applied for the scars after injury or any surgery. It may do not altogether remove them but reduces up to the extent.
Impact of COVID-19 on the global scar treatment market:
The COVID-19 pandemic appears as an acute healthcare crisis imposing both human and economic suffering. The pre-COVID era was bright for the cosmetic dentistry industry. The pandemic has brought significant changes to the dermatology industry, and even the growth rate of the scar treatment market is slightly declined. The pharmaceutical companies dealing with skin care products have suffered from trade restrictions during the lockdown. Post to the lockdown, in various countries, the scar products, and treatments market has started seeing an acceleration, and it is forecasted, by the end of 2021, the market will be back to its growing phase.
MARKET DRIVERS:
Y-O-Y growth in skin disease incidence and, subsequently, scars primarily accelerate the global scar treatment market growth.
Technological advancements in scar treatment and growing appearance consciousness among consumers are significant factors driving the global scar treatment market. In addition, the growing prevalence of plastic surgery, increasing incidences of road accidents lead to the most common injuries, and the rise in awareness over the availability of treatment procedures further promotes the growth rate of the global scar treatment market. Also, stringent rules and regulations by the government in concern towards people's safety are propelling the need of the market.
Furthermore, the collaboration of insurance companies with cosmetic surgery hospitals and providing great deals for the customers is magnifying the development of the scar treatment market.
MARKET RESTRAINTS:
Side effects associated with scar treatment and the high cost of treatment restrain the scar treatment market growth. The shortage of skilled persons in analyzing the cause and treating it appropriately is slowly restraining the market demand. The cost of the equipment used in the procedure is very high, which remains a challenging factor for the market developers. Increasing side effects and complications due to high radiations in laser treatment hinders the demand of the scar treatment market. Lack of sufficient knowledge over the applications is limiting the need for the market.
REPORT COVERAGE:
|
REPORT METRIC |
DETAILS |
|
Market Size Available |
2021 to 2027 |
|
Base Year |
2021 |
|
Forecast Period |
2022 to 2027 |
|
Segments Covered |
By Treatment Type, Scar Type, End-User, and Region |
|
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 |
|
Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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 2027.
Scar Treatment Market - By Treatment Type:
Based on Treatment Type, the topical treatment type is predicted to occupy most of the share in the global scar treatment market during the forecast period. 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, fuels the demand for the scar treatment market.
Scar Treatment Market - By Scar Type:
Based on scar type, the Acne scars segment leads the market as these scars are the most common, and their treatment involves antibiotic treatment or laser solutions.
Scar Treatment Market - By End User:
Based on End-Users, the Hospitals sector is predicted to lead the global market during the forecast period. Increasing the construction activities of hospitals with the latest equipment is significantly influencing the growth of the market. In addition, the rise in the capital income in both developed and developing countries eventually makes the scar treatment market grow moving forward.
Scar Treatment Market - By Region:
Geographically, North America accounts for almost one-third of the market share and dominates the global scar treatment market due to the growing lifestyle changes, dietary food habits, and rising aging population. The women are more concerned about their beauty and appearance and the advanced cosmetic procedures. The rise in the number of skin specialty clinics and hospitals is accelerating this regional market growth. In addition, the rising expenses on personal care products and scar treatment products are further adding boost. The North American market was dominated by the U.S. in 2019, and forecasted, the domination will be continuing throughout the forecast period. Significant growth number of road accidents, burns are majorly driving the U.S. market. According to the American Burn Association, around 1.1 million burn injuries require medical treatment every year in the U.S. The Canadian Scar treatment market stretches with a healthy CAGR pace during the forecast period. The Increasing number of skin disorders in people, especially in women, and advanced technologies in laser treatments for scars augment Canadian market demand.
The European scar treatment market is expected to have splendid growth throughout the forecasting period. The phenomenal attention to cosmetic treatments and novel treatment procedures with advanced technologies reducing the recovery period heightens the market demand. As per the European Wound Management Association (EWMA), nearly 4 million wound cases have been registering per year in Europe. The United Kingdom scar treatment market to projected to play the leading role in the European market. Factors such as rising awareness regarding the skin-related problems coupled with the available treatments and the new laser therapies are majorly uplifting the demand levels for scar treatment in U.K. Germany is next to the UK, leading the scar treatment market with rising disposable income, allowing people to choose new and expensive treatments, and escalating the online cosmetic products industry to boost the market growth.
The scar treatment for Asia-Pacific to expected to grow at the quickest CAGR correlated with the other regions. The surging adoption of over-the-counter scar treatment products and the latest laser treatment procedures and surgeries drive this regional market. The Indian scar treatment holds the highest share with the rising number of burn cases. As per the International Society of Aesthetic Plastic Surgery (ISAPS), in India, the number of cosmetic surgeries implemented is quickly increasing, and the total number of surgeries performed was 420,454 in 2015. Every year in India, around 7 million burn injury cases are registered, making a record. On the other hand, the Japanese scar treatment market exhibits classic growth in the APAC region. The rise in healthcare expenses and increasing consciousness in people regarding the availability of the treatment spur the market demand.
Latin America is the second-fastest-growing region with a considerable pace during the assessment period due to escalating dermal injuries. The mounting number of hospitals, clinics, and a vast women population having more knowledge about appearance leverages market growth. Brazil secures the highest place in the scar treatment market. The intensifying discretionary expenses due to which the lowness for such procedures has increased, the rising per capita expenditure on cosmetic procedures, and mounting medical tourism accelerate the market demand. Mexico is said to have considerable growth in the scar treatment market. The number of aesthetic plastic surgeries implemented for different reasons is observed, including the scar treatment augmenting rapidly.
The Middle East & Africa region to have a steady growth rate in the scar treatment market during the assessment period. The hospital admissions are hiking as there is an increase in road accidents and burns and surging concerns regarding the established markets' aesthetic appearance. The countries like UAE, Africa, and Egypt have notable growth during the analysis period.
KEY MARKET PARTICIPANTS:
Some of the notable companies dominating the global scar treatment market profiled in the report are 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.
RECENT MARKET DEVELOPMENTS:
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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