Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 16.73 Billion | USD 38.50 Billion | 9.70% | 2023 |
The global Scar Treatment Market size was worth around USD 16.73 Billion in 2023 and is predicted to grow to around USD 38.50 Billion by 2032 with a compound annual growth rate (CAGR) of roughly 9.70% between 2024 and 2032.
The report covers forecast and analysis for the scar treatment market on a global and regional level. The study provides historic data of 2018 to 2022 along with a forecast from 2024 to 2032 based revenue (USD Billion).
A scar is formed on the surface of the skin after any damage or injury, which can be removed by applying a variety of medical technologies from invasive surgical treatment to non-invasive laser treatment or some topical medications. Most scars are the result of body’s own healing mechanism, however, smaller scars can be healed on its own if given time. Any type of invasive surgical procedures, injury, and burn gives rise to the scar on the skin of varying degrees. The treatment is dependent on the scar shape, size, appearance and degree of growth underneath the skin. A research study showed per year around 200 million patients develop scars around the world and this increasing number along with rising trend of accidents and surgical procedures positively influence the scar treatment market.
?Increasing number of incidents such as road accidents, domestic abuse leading to injuries and deformities are some of the drivers for scars treatment market. Also, the surge in a number of burn victims is boosting the industry growth along with growing incidence of skin disorders such as acne and technological advancements in scar treatment. The high cost of scar treatment such as lasers may confine the industry growth. Also, risks associated with treatment such as bleeding, infection, and reoccurrence may hinder market growth.
The study includes drivers and restraints for the scar treatment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the scar treatment market on a global level.
This is attributable to the higher awareness among the population regarding their aesthetic appearance, easy availability of scar treatment products, increased personal disposable income, developed infrastructure in hospitals, and higher adoption of technologically advanced equipment. Moreover, rising cases of burn injuries is fostering the market in North America. As per the American Burn Association, there are more than 485,000 burn injury cases reported in US every year. Further, the presence of some of the key market players in US such as CCA Industries, Scar Heal, Inc., and Sonoma Pharmaceuticals are contributing significantly in the growth of the scar treatment market in this region.
The growing concerns among the population regarding their aesthetic appearances are a major factor driving the growth of the global scar treatment market. Scars due to accidents and other reasons is propelling the demand for the scar treatment products and services. The growing demand among women for improving aesthetic appeal and skin rejuvenation is significantly driving the market growth. Moreover, rising prevalence of skin diseases and increasing awareness regarding scar treatment among the population is fueling the market growth globally. The excessive exposure to sunlight and pollution may cause skin disease such as photo-aging, psoriasis, sunburns, and vitiligo. These diseases may lead to scars if not treated properly. Other scars such as burns, acne, stretch marks, and surgical scars are the various factors that are exponentially contributing towards the skin treatment market growth globally.
In order to give the users of this report a comprehensive view on the scar treatment market, we have included competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein product type segment, type of form segment and end-user segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology and regional expansion of major participants involved in the market on the global and regional basis. Moreover, the study covers price trend analysis, the product portfolio of various companies according to the region.
The study provides a decisive view on the scar treatment market by segmenting the market based on product type, scar type, end user, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2018 to 2024.
Based on product type the market is segmented into topical products, laser treatment, surface treatment, injectables.
On the basis of scar type the market is segmented into atrophic scars, hypertrophic and keloid scar, contracture scar, stretch marks.
Based on end users the market is segmented into hospitals, ASC’s, clinics and others category.
Report Attributes | Report Details |
---|---|
Report Name | Scar Treatment Market Size Report |
Market Size in 2023 | USD 16.73 Billion |
Market Forecast in 2032 | USD 38.50 Billion |
Growth Rate | CAGR of 9.70% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | 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. |
Segments Covered | By Product Type, By Scar Type ,By End Users and By region |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and the Middle East & Africa with its further bifurcation into major countries.
North America held a dominant share of the scars treatment market due to easy availability of technologically advanced products with the capability of fading apparent scars. The growing geriatric population and rising consciousness about appearance among consumers are also aiding the expansion of the scar treatment market in this region. Increasing expenditure on personal grooming also has been boosting the U.S. scar treatment market. Asia-Pacific is projected to grow at a significant CAGR, due to rising geriatric population, growing demand for advanced products, and increasing unmet medical needs.
The report also includes detailed profiles of end players such as -
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
FrequentlyAsked Questions
The global Scar Treatment Market size was worth around USD 16.73 Billion in 2023 and is predicted to grow to around USD 38.50 Billion by 2032
compound annual growth rate (CAGR) of roughly 9.70% between 2024 and 2032.
The largest share of the Scar Treatment Market is held by Asia Pacific. Developing countries of Asia Pacific such as China, Japan, and India will be dominating the market scenario mainly due to the rising constructional activities. The growth of Asia-Pacific region is expected to be followed by the Middle East and North America. Also, significant growth is expected from Western Europe owing to the developments taking place in this region especially in countries such as Italy, Germany, the U.K, France, and Spain. However, growth in Africa, Latin America, and Eastern Europe is anticipated to be moderate over the forecast period.
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.
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