The Global Scar Treatment Market is estimated to be valued at US$ 12,020.5 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 Overview:
Scar treatment products are used for eliminating or reducing the appearance of scars caused by burns, cuts, acne, surgery etc. Various treatment options available are topical gels, creams, oils, strips, laser therapy, injectables and other procedures. These products minimize the visibility and texture of scars, helping restore normal skin pigmentation and elasticity.
Market key trends:
One of the key trend in the scar treatment market is the increasing adoption of laser therapy. Laser therapy uses concentrated beams of light to remove the top layer of damaged skin containing the scars. The heat generated melts and breaks down scar tissues. Fractional laser resurfacing is a commonly used laser therapy for deep acne scarring. It helps remove top layers of the skin to stimulate production of collagen and elastin for smoother appearance. Recent technological advancements have made laser therapy more effective and affordable treatment option for scars.
SWOT Analysis
Strength: Laser therapies offer minimally invasive and effective treatment options compared to surgery. They have shorter recovery time.
Weakness: Laser treatments require multiple sessions for best results which can increase the overall cost of treatment. Some patients may also experience side effects like pain, swelling and skin sensitivity.
Opportunity: Rising awareness about scar treatment options and increasing availability of new products presents an opportunity for market growth.
Threats: Presence of alternative treatment options like dermal fillers, topical gels pose competition. Relapse of scars after treatment is also a challenge.
Key Takeaways
The Global Scar Treatment Market is expected to witness high growth, exhibiting CAGR of 4.4% over the forecast period, due to increasing preference for minimally invasive procedures.
The North American region currently dominates the market owing to growing consciousness among people regarding physical appearance and availability of advanced treatment options. However, Asia Pacific region is anticipated to provide lucrative growth opportunities during the forecast period owing to increasing medical tourism, developing healthcare infrastructure and rising disposable incomes in the region.
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., Syneron Medical Ltd. These players are focusing on new product launches, expansions and acquisitions to leverage growth opportunities.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
