The scar treatment market is anticipated to grow from an estimated US$ 16,048.7 Mn in 2015 to US$ 31,904.8 Mn by 2022 at a CAGR of 10.3% during the forecast period.
Albany, NY -- (SBWIRE) -- 06/20/2016 -- Scar is a mark on the skin which is formed due to infection, injury, surgery, inflammation of tissue, burns, and acne. Scars can impact an individual's mental and physical well-being, resulting in poor self esteem, altered social interactions, depression, and embarrassment. Scars can be of various sizes, shapes, and colors, depending on the age of scar, site of scar, and family history. Formation of scars is unpredictable and varies from person to person. Certain areas of the body such as the chest, back, ear lobes, and the shoulder are more at risk of scarring as compared to rest of the body. Scars on knees and shoulders can appear stretched or widened due to the healing process which occurs over movable joints.
North America is the largest market for scar treatment due to high disposable income in the country, which results in higher spending on personal care. The scar treatment market in Asia is expected to show high growth rates over the following five years. China and India are expected to be the fastest growing scar treatment markets in Asia. Some of the key driving forces for the scar treatment market in emerging markets are rise in disposable income, rising population, increasing prevalence of skin-related problems, growing focus on personal well being, and improving healthcare facilities in the region.
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Prevalence of skin problems such as photoaging is increasing due to excessive exposure to pollution and UV radiation, resulting in sunburns, and reduced skin elasticity. These conditions, without proper and timely treatment, can lead to formation of scars. Moreover, awareness about treating scars is increasing globally, which, in turn, is leading to rising spending on such treatments. Increasing appearance consciousness among consumers and technological advancements in scar treatment are some of the other factors driving growth of the market. However, high costs and risk of side effects of scar treatment are the factors inhibiting growth of the market.
This report provides in-depth analysis and estimation of the scar treatment market for the period 2015–2022, considering 2014 as the base year for calculation. Moreover, data pertaining to current market dynamics, including market drivers, restraints, trends, and recent developments, has been provided in the report. The scar treatment market is categorized on the basis of type of product, treatment, type of scar, and geography. Based on type of product, the market comprises creams, oils, gels, gel sheets, elastic wraps, and sprays. On the basis of treatment, the market is categorized as laser treatment, invasive surgical treatment, chemical peeling, cryosurgery, tissue fillers, and steroid injections. Based on type of scar, the market is categorized into keloid scars, acne scars, post-surgical scars, contracture scars, stretch marks, and hypertrophic scars. On the basis of geography, the report identifies and analyzes the market size and predictions for North America, Europe, Asia, and Rest of the World (RoW).
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Some of the major players in the scar treatment market are Merz Pharma GmbH & Co. KGaA, Pacific World Corporation, Oculus Innovative Sciences, Inc., Valeant Pharmaceuticals International Inc., Avita Medical Limited, Enaltus, LLC, Revitol Corporation Inc., Scarguard Labs LLC, Quantum, Inc., and CCA industries Inc. These key market players have been profiled on the basis of attributes such as company overview, sustainability, financial overview, and recent developments.
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