A recent report published by Infinium Global Research on scar treatment market provides in-depth analysis of segments and sub-segments in the global as well as regional scar treatment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional scar treatment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global scar treatment market. According to the report, the global scar treatment market is projected to grow at a CAGR of 10.29% over the forecast period of 2020-2026.

Market Insight

Scar treatment consists of various methods to reduce the prominence of scars by using creams, gels, ointments, and other treatment methods, such as lasers. The demand for a less invasive and highly effective treatment for scars is on the rise. Doctors and cosmetic surgeons are increasingly recommending such products, which have been found to be highly effective in reducing scars. These products are effective in reducing numerous types of scars such as keloid, atrophic, stretch marks, hypertrophic, and post-surgical. In recent years, silicon-based products have been trending in the scar treatment market. Furthermore, emerging and future laser technologies are further expected to create a new paradigm in the management of scar rehabilitation, driving the growth for market growth.

The increasing public apprehensiveness pertaining to aesthetic appearance will boost the scar treatment market growth. Scars result as a consequence of the natural healing procedure of the body in response to tissue damage caused by numerous factors such as accidental injuries, cuts during surgical procedures, scalds, burns, injections, and tattoos. Side effects of scarring, for example, post-traumatic stress, emotional trauma, and loss of self-esteem, pain, itching, and tenderness will increase treatment adoption over the projection period. Furthermore, a growing number of incidents such as road accidents, domestic abuse leading to injuries and deformities will drive the market growth. Moreover, the rising incidence of skin disorders such as acne and technological advancements in scar treatment will also boost the demand over the forecast timeframe. However, the high cost of scar treatment such as lasers may restrain the industry growth. Risks related to treatment such as bleeding, infection, and reoccurrence may hinder adoption. 

Additionally, the current concern over the spread of coronavirus is also projected to have a negative impact on the scar treatment market for the short term. Various countries have initiated lockdowns and enforced nationwide travel and trade restrictions. The scar treatment products and procedures will experience a decrease in demand owing to the current COVID-19 pandemic. Furthermore, the main factors expected to exert an impact on the scar treatment market include delay in outpatient hospital visits for treatments, reduced healthcare spending, and delay in approval and launch of new treatment therapies. The novel coronavirus is reshaping clinical trials and delivery of scar treatment broadly, and these changes might tolerate well beyond the short- to mid-term of the active epidemic.

Among the geographies, the North American region is expected to hold the largest share in the global scar treatment market owing to a surge in funding for research & development and healthcare expenditure. Further, factors such as an increase in the incidence of skin disorders are driving the scar treatment market in the North America region. Furthermore, the Asia Pacific region is projected to witness the fastest growth in the scar treatment market during the forecast period owing to the rising healthcare infrastructure. In addition, the rising awareness about the advanced treatment procedures and increasing demand for healthcare facilities in emerging economies such as China and India drive the scar treatment market in this region.

Segment Covered

The report on the global scar treatment market covers segments such as type of treatment, and application. On the basis of type of treatment, the sub-markets include type of products, and type of therapeutic procedures. On the basis of application, the sub-markets include atrophic scars, contracture scars, acne scars, keloid scars, stretch marks, hypertrophic scars, and post-surgical marks.

Companies Profiled:

The report provides profiles of the companies in the market such as Abbvie Inc., Biodermis Corp, Absolute MS (S) Pte Ltd, Quantum Health Inc., Avocet Polymer Technologies, Inc., Sonoma Pharmaceuticals, Inc., HRA Pharma, Scarguard Labs, LLC, and Revitol Corporation.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the scar treatment market. Moreover, the study highlights current market trends and provides forecasts from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.