Global Scar
Treatment Market is foretold to provide a
robust support for industry players to lay a solid foundation for their
business growth. It includes a comprehensive evaluation of the industry growth
status and risk. In addition, it provides detail market variables, trends, key
opportunities, new entrants & competitors.
Scar Treatment Market study
offers detail overview of industry with all the requisite data to support
tactical business decisions and come up with strategic growth plans. This study
also proposes a comprehensive insight into the development policies and plans
in addition to manufacturing processes and cost structures.
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Industry Insights
The global scar treatment
market size was worth USD 13.8 billion in 2015 which is anticipated to grow at
a CAGR of more than 9.7% during the forecast period. Esthetic appearance among
people is one of the major factors driving market growth. Scar treatment helps
enhance the esthetic appeal of an individual through skin rejuvenating. Women
are more concerned about esthetics, hence are expected to form the largest
customer base for this market.
Another major factor
contributing to the growth of this market is the rising number of road
accidents. According to WHO, approximately 10 million people are injured in
road accidents every year. This gives rise to high need for scar treatment
products, such as topical products that help in reducing the scars effectively.
Road accidents also increase the need for cosmetic surgical treatments, which
in turn leads to high demand for laser instruments.
Rising incidence of burn
injuries also supports the growth of this market. Burn injuries contort the
appearance of the victim, leaving noticeable hypertrophic burn marks. People
with high disposable income, often go for surgical treatment to get rid of such
marks. Thus, scar removal products help in treating burn injuries.
Technological advancement,
such as laser therapy is also accelerating the growth of this market. For
instance, Cynosure came up with MedLite C6, a Q-switched laser device, which is
used for treating acne and other skin diseases. These laser devices help in
treating the marks by destroying the scar tissue. Reconstructive and plastic
surgery is also considered as a part of the surgical laser treatment procedure,
which has further expanded the market growth.
End Use Insights
Based on end-use, the
market is segmented into clinics, hospitals, e-commerce, and retail pharmacies.
Among them, hospitals dominated the market in 2015. This is due to the wide
usage of laser instruments, steroid injections and topical creams and gels in
the hospital settings. Availability of specialists in the hospital also
contributes to the growth of this segment.
E-commerce/retail
pharmacies are expected to witness lucrative growth over the forecast period.
Online websites provide a wide variety of scar treatment products such as
steroid injections, topical creams & gels and portable laser instruments.
It also offers numerous lucrative offers and discounted prices, which further
raises the growth of this segment. In retail pharmacies, topical products are
available easily, which facilitates easy accessibility of scar treatment
products.
Regional Insights
Based on region, North
America held the largest market share in 2015. This is due to the growing
acceptability of technologically advanced products and high concern among
people regarding esthetic appeal. Huge demand for advanced laser instruments in
the U.S. also drives the growth of this region.
Asia Pacific is expected to
witness a lucrative CAGR over the forecast period due to the rising incidence
of road accidents in country like India. In addition, rising disposable income
in these countries is also anticipated to contribute to the growth of this
region.
Competitive Insights
Some of the major companies
of the market are Lumenis; Mölnlycke Health Care; NewMedical Technology, Inc.;
Sonoma Pharmaceuticals, Inc; Smith & Nephew plc; CCA Industries Inc.;
Suneva Medical, Inc.; Enaltus LLC; Merz Inc. and Scarheal, Inc.
The key companies go for
strategic initiatives such as regional expansion, development of new products
with improvised technology and mergers & acquisitions. For instance,
Lumenis acquired Pollogen in 2015, in order to expand its product portfolio in
the field of esthetics.
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