The global scar treatment market is predicted to grow at 11.9% CAGR during the forecast period with the market size reaching USD 37.6 billion by 2024. The market is driven by the factors such as mounting occurrence of skin diseases such as vitiligo, psoriasis, eczema, and photoaging of the skin, escalating healthcare expenditure, expanding awareness about scar treatment, the mounting number of surgical procedures and escalating appearance consciousness among consumers. Technological advancement in the scar treatment products, a mounting number of burns cases, escalating demand for organic scar treatment products, intensifying disposable income and increasing number of road accidents are further fuelling the growth of the market.
The market for scar treatment is primarily driven by the increasing number of skin diseases and escalating appearance consciousness among consumers. With the increasing occurrence of skin diseases such as vitiligo, psoriasis, eczema, and photoaging of skin and burn cases has resulted in the scar which requires surgical treatment which further increased the demand for scar treatment. This offers market players immense opportunities for clinical trials, which will drive their revenue growth.
Browse Market Insight and In-depth ToC on "Global Scar Treatment Market – Analysis and Forecast (2018-2024)"
Among all products, topical segment holds the largest share in the scar treatment market, globally. The topical segment is witnessing the highest growth in the market globally, owing to cost-effectiveness, easy availability, greater acceptance of creams and gels for healing scars, fewer side-effects, and easy application.
The topical segment is further subdivided into oil, gel cream, gel sheet, and others. The cream segment accounted for the largest share in the market. Moreover, the gel sheet segment is expected to grow at the fastest rate in the market, owing to its increased application in the treatment of hypertrophic scars and keloids, and acne.
The different types of scar, the scar treatment market are acne scar, contracture scar, post-surgical scar, stretch mark, and keloid and hypertrophic scar. Of all these types of the scar, the keloid and hypertrophic scar category are predicted to witness the highest CAGR during the forecast period owing to the escalating number of burn cases. In addition, of all these types of the scar, the post-surgical scar category accounted the largest share in the scar treatment market owing to a mounting number of surgeries and an increasing number of road accidents and burns.
Keloids are the overgrowth of fibrous tissue that develops after healing of a skin injury and grows beyond the boundaries of the original site of skin injury. Moreover, hypertrophic scars are erythematous and raised fibrous lesions caused after thermal injuries and other injuries in the deep dermis.
North America accounted for the major share in the scar treatment industry in 2017, globally as the players in the region are continuously investing spends in research and development of innovative products. In addition, escalating disposable income, the mounting occurrence of skin diseases, and technological advancement in scar treatment products are some of the factors facilitating the growth of the North American scar treatment market.
Moreover, Asia-Pacific is observed to witness the fastest growth in the scar treatment market, owing to escalating awareness regarding scar treatment and favorable reimbursement policies. Mounting healthcare expenditure, large population base, improving healthcare expenditure, and mounting occurrence of skin diseases are some of the factors fuelling the growth of the Asia-Pacific scar treatment market.
Key players in the scar treatment industry are investing in the development of advanced, which is strengthening their position in the market Hologic Inc., Sonoma Pharmaceuticals Inc., Avita Medical Limited, Smith & Nephew Plc, Scarguard Labs LLC, Mölnlycke Health Care AB., Bausch Health, Merz Pharma GmbH & Co. KGaA and Johnson & Johnson are some of the key players offering scar treatment.
Global Scar Treatment Market Coverage
Product Insight and Forecast 2014-2024
Type of Scar Insight and Forecast 2014-2024
Scar Treatment Market by Region
Rest of the World