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The scar treatment market comprises products and therapies that aid in removal or reduction of scars such as keloid scars, acne scars, burns scars, and surgical scars. Scar treatment products include topical gels, creams, ointments, silicone sheets, cryotherapy devices, pulse-light therapy devices, laser therapy devices, and injection therapy devices. These products are used for both invasive and non-invasive scar removal treatments. The global scar treatment market is estimated to be valued at US$ 12,020.05 Mn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Rising awareness for scar removal treatments: With increased awareness through social media and online channels, people are more conscious about their physical appearance. This has increased the demand for scar removal treatments. Various non-invasive treatments such as creams, gels and laser therapy are gaining popularity among consumers.
Growing demand driven by rise in injuries and road accidents: Road accidents and burn injuries are a leading cause of scarring globally. According to World Health Organization, road traffic injuries cause around 1.35 million deaths annually worldwide. Moreover, burns account for over 180,000 deaths annually according to WHO. This has augmented the demand for scar treatments.
Segment Analysis
The global scar treatment market is segmented into product type, scar type, end user and distribution channel. Product type segment is further divided into topical products, laser products, injectable, and other products. Topical products dominates the market and accounts for 33% market share in 2023. The dominance is attributed to wide availability and low cost of topical scar treatment products.
PEST Analysis
Political: Government regulations around the usage of certain laser, injectable and topical products impact the market growth. Economic: Rising disposable income in developing regions is augmenting the demand for scar treatment procedures and products. Social: Increasing social and self-esteem issues linked with scars motivate people to opt for scar treatment options. Technological: Advancements in laser and light therapies aid in developing effective and affordable solutions to reduce scar appearance.
Key Takeaways
The global scar treatment market is expected to witness high growth at a CAGR of 4.4% during the forecast period of 2023 to 2030.
Regional analysis reveals that North America dominates the market with over 35% share in 2023 due to established healthcare infrastructure and high awareness.
Key players operating in the scar treatment market are Bausch Health Companies Inc., Candela Medical, Perrigo Company plc, Sonoma Pharmaceuticals Inc., Hologic Inc., Johnson & Johnson Services Inc., Quantum Health, CCA Industries Inc., AVITA Medical, Revitol Corp, Scarguard labs, Smith+Nephew, Lumenis Be Ltd, Merz Therapeutics, Cynosure, HRA Pharma, GC Aesthetics, Sientra Inc., SkinCeuticals, Cimeosil.com, Honeydew Products, 3V Sigma USA Inc., and Syneron Medical Ltd.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc.
