Scar Treatment Market Overview, Share, Growth Drivers and Forecast Report 2023

Posted on 2019-07-24 by P&S Intelligence in Healthcare // 0 Comments

New York, United States, 2019-Jul-24 — /EPR Network/ —

The scar treatment market is growing globally due to rising prevalence of skin diseases, increasing disposable income, rising number of road accidents, increasing volume of surgeries, technological advancements in treatment, and growing awareness about the process. Valued at $19.2 billion in 2017 by P&S Intelligence, the domain is expected to advance through the forecast period 2018–2023 with a CAGR of 10.5%. It is being predicted, that the market size by 2023 will be $34.9 billion.

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Scars are marks that appear on the skin after it has been damaged, and the scar treatment market consists of all the methods used in their management. The treatment segment of the domain is divided into surgical, topical, laser, surface, and injectable. Of these, the topical category held the largest revenue share in 2017 (60.1%) due to the easy availability and cost-effectiveness of treatment products, including oils, creams, and gels.

Similarly, when segmented by the type of scar, the market is categorized into acne scar, post-surgical scar, keloid and hypertrophic scar, stretch mark, and contracture scar. In 2017, the post-surgical scar subdivision led the scar treatment market with $6.5 billion revenue contribution, owing to a high number of surgeries performed globally. The increase in the volume of surgical procedures is further predicted to drive the growth of the sector during the forecast period.

The availability of technologically advanced products and techniques is also aiding the scar treatment market progress. For instance, silicon-based products are being recommended for their effectiveness in completely removing different types of scars. Apart from these, products (especially topical ones) with anti-inflammatory, antioxidant, and analgesic additives are being developed by pharmaceuticals around the globe. Talking of advancements, laser treatments and minimally-invasive surgeries also rank quite high, as their effects can be seen within days, if not hours.

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Some of the key players in the scar treatment market are Smith & Nephew Plc, Syneron Medical Ltd., Mölnlycke Health Care AB, Shanghai Fosun Pharmaceutical (Group) Co. Ltd., Beijing Toplaser Technology Company Ltd., Merz GMBH & Co KGAA, Valeant Pharmaceuticals International Inc., Pacific World Corporation, Avita Medical Ltd. Enaltus LLC, Sonoma Pharmaceuticals Inc., CCA Industries Inc., Scarguard Labs LLC, Quantum Health, Hologic Inc.

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