by Laser scar removal is a non-invasive cosmetic procedure that helps remove old scars or reduce the appearance of new scars using laser technology. This procedure improves scar texture, color and thickness by gently heating the upper layer of the skin to stimulate collagen production. The treatment is painless and causes minimal discomfort. Multiple sessions may be required to achieve optimal results depending on the scar type and severity.
The global laser scar removal market is estimated to be valued at US$ 4348.7 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The availability of advanced laser technologies such as fractional lasers and picosecond lasers is one of the key drivers propelling the growth of the North America scar treatment market. These innovative lasers work by targeting only the damaged skin tissue without harming the surrounding healthy skin. They stimulate collagen regrowth and safely remove the scarred tissue from deeper skin layers. Moreover, the high adoption of non-invasive aesthetic procedures among individuals to boost self-confidence and physical appearance has further increased the demand for laser scar removal treatments. However, the high cost of laser procedures and lack of insurance coverage for cosmetic treatments in some countries may restrain the market growth.
SWOT Analysis
Strength: The North America scar treatment market has strong presence of key players that are continuously investing in research and development activities to develop innovative scar treatment products. Presence of advanced healthcare infrastructure and increasing adoption of laser and topical scar treatment products are further strengthening the market growth. Rising awareness among consumers regarding availability of various scar treatment options is also expected to support the market growth over the forecast period.
Weakness: High cost associated with laser treatment procedures and surgical scar revision surgeries are some of the major challenges restraining the market growth. Low adoption of scar treatment products in rural and underdeveloped areas due to lack of awareness further hampers the market revenue.
Opportunity: Growing medical tourism across various countries of North America for cost-effective scar treatment options is expected to create new revenue generating opportunities. Increasing initiatives by public and private organizations to spread awareness regarding scar treatment options will further support market expansion.
Threats: Presence of alternative treatment options such as dermabrasion, creams, silicone gel sheets poses significant threat to the scar treatment market growth. Side effects associated with certain scar treatment products also challenge the market growth to some extent.
Key Takeaways
North America Scar Treatment Market Demand is expected to witness high growth during the forecast period. The global North America Scar Treatment Market is estimated to be valued at US$ 4348.7 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030.
Regional analysis
The United States holds the largest share in the North America scar treatment market and is estimated to maintain its leading position throughout the forecast period. High healthcare expenditure, increasing adoption of technologically advanced products and growing demand for minimally invasive scar treatment procedures are some of the key factors supporting the market growth in the region.
Key players
Key players operating in the North America scar treatment market are DPR Construction, Inc., Turner Construction Co., Holder Construction Company, Hensel Phelps Construction Co, Balfour Beatty US, Helix Electric, Sudlows, Kraus Anderson Construction, The Beck Group, PCL Construction Enterprises, The Walsh Group, Hill International, and Engineered Structures, Inc. (ESI).
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
