According to the report published by Allied Market Research, the global scar treatment market was estimated at $13.1 billion in 2021 and is expected to hit $32.4 billion by 2031, registering a CAGR of 9.4% from 2022 to 2031. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
Increase in demand for cosmetic corrections, rise in incidences of stretch marks, owing to heavy weight training and obesity, and availabilities of different anti-scar treatments drive growth of the global scar treatment market. Surge in incidences of child cesarean birth has supplemented the growth yet more. Furthermore, rise in R&D activities is expected to create lucrative opportunities in the industry.
Download Sample Report- Request Sample – Scar Treatment Market by Scar Type (Atrophic Scar, Hypertrophic and Keloid Scar, Contractures, Stretch Marks), by Product (Topical, Laser based treatment, Others), by End User (Hospitals, Clinics, Home Care): Global Opportunity Analysis and Industry Forecast, 2021-2031 (alliedmarketresearch.com)
The key market players analyzed in the global scar treatment market report include Avita Medical Limited, Mölnlycke Health Care AB, Polytech Health & Aesthetics GmbH, Sientra, Inc., Bausch Health Companies Inc., Smith and Nephew plc., Sisram Inc., and Cynosure, Inc. They have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
Increase in prevalence of injuries and burn cases drive growth of the market. Infectious wounds tend to take longer healing time, which results in hypertrophic scar formation. In addition, rise in clinical trials for development of novel scar treatment contributes in growth of the market. For instance, in December 2020, according to a report published by Springer Nature, a global scientific publisher, intralesional 1470 nm bare-fiber diode laser shows promising results for treatment of hypertrophic scars. Furthermore, rise in trend of skin piercing further drives growth of the market. Skin piercing leads to formation of keloids. Thus, prevalence of wound injuries and R&D for novel treatment of hypertrophic scars boost growth of the market
The scar treatment market is segmented into by scar type, product, end user, and region.
On the basis of scar type, the market is divided into atrophic scar, hypertrophic & keloid scar, contractures, and stretch marks. The atrophic scar segment dominated the market in 2021, and is expected to dominate during the forecast period, owing to increase in prevalence of acne and chicken pox.
Depending on product, the market is classified into topical, laser-based treatment, and others. The topical segment have the largest Scar Treatment Market Share in 2021, and is expected to dominate during the forecast period, owing to easy availability of topical products and rise in consciousness regarding aesthetic appearance.
By end user, it is divided into hospitals, clinics, and home care. The home care segment dominated the Scar Treatment Market Forecast in 2021, and is expected to continue the same during the forecast period, owing to rise in number of retail pharmacies and high incidences of facial scars.
North America accounted for a majority of the global scar treatment market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to presence of key players in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to increase in demand for aesthetic looks.
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