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.
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.
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.
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
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.