Scar Treatment Market to Reflect Steady Growth Rate by 2024

Global Scar Treatment market report provides analysis for the period 2011 – 2024, wherein the period from 2018 to 2024 is the forecast period and 2017 as base year. The market study talks about the expected growth of this market with a CAGR over 10% during 2018-2024 in terms of value. The market is expected to reach over USD 41,776.1 Million by 2024. The given market growth is influenced by numerous reasons such as increasing consciousness among consumers regarding their appearances, growing prevalence of skin problems leading to scar formation among various other reasons.

The increasing appearance consciousness among consumers, due to exposure to media is driving the demand for beauty products and cosmetic surgery. According to the American Society of Plastic Surgeons, in 2012, about 14.6 million cosmetic plastic surgeries were carried out in the U.S., which increased by 5%, as compared to 2011. These surgeries were carried out for the improvement of physical appearance of individuals. According to American Society of Plastic Surgeons, in 2014, approximately 177,000 cases were reported for scar revision. The increasing number of surgeries for the improvement of physical appearance is expected to drive the demand of the scar treatment globally.

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Scope of the Report

On the basis of the type of type of treatment, the market is segmented into tropical scar treatment, surface scar treatment, laser scar treatment, injectable scar treatment and invasive surgical scar. Based on type of scar, the market is segmented into post-surgical scar treatment, acne scar treatment, contracture scar treatment, stretch marks scar treatment, and keloid & hypertrophic scar treatment. Based on end-user, the market is segmented into hospital based scar treatment, private clinic based scar treatment, pharmacy & drug store based scar treatment, e-commerce based scar treatment. Finally, the report covers the analysis of these segments across North America, Europe, Asia Pacific, and Rest of the World (ROW) along with the qualitative analysis for market estimates that boosts the growth of the global scar treatment market during the forecast period.

The report also highlights the competitive landscape of the global scar treatment market that includes the company overview, the products & offerings, the strategic decisions taken by the company, the launch of new products and financial highlights. The market overview section of the report demonstrates market dynamics such as drivers, restraints, and opportunities that talks about the current nature and future scenario of the said market, key market indicators, end-user adoption analysis. Further, key market indicators included in the report provide the significant factors which are capable to define the market position of global scar treatment market.
Key Findings of the Report

According to BlueWeave Consulting, the key findings of the report “Global Scar Treatment Market Size, Share, Development, Growth and Demand Forecast to 2024” are:

• As per the findings of the research, Tropical Scar Treatment market has been the largest revenue contributor to the global Scar Treatment market as compared to other type of treatment. The market for Tropical Scar Treatment was valued at USD 12,884.6 million in 2017 and it is expected to reach over USD 23,493 million by 2024, with a CAGR over 8.8% during the period 2018-2024.

• Based on type of scar, Post-Surgical Scar treatment is the largest segment of the global scar treatment market. The market for Post-Surgical Scar Treatment was valued over USD 6,935.7 million in 2017 and it is anticipated to reach over USD 12,454.9 million by 2024, growing with a CAGR over 8% during the period 2018-2024.

• Based on end-user, Hospitals based scar treatment is the largest segment of the global scar treatment market. The market for Hospitals based scar treatment was valued over USD 8,351.8 million in 2017 and it is estimated to reach over USD 15,268.7 million by 2024, growing with a CAGR over 8.7% during the period 2018-2024.

• North America is globally the largest market for Global Scar Treatment market. This market was valued over USD 7,812.0 million in 2017 and it is expected to grow with a CAGR over 10% during the period 2018–2024.

Research Methodology

Extensive secondary research was conducted using paid data sources including Bloomberg, Factiva, Capital IQ, OneSource, and Hoovers. Additionally, several publicly-available data sources were used including journals, statistics articles, and industry associations. These data sources were used to gather relevant information to develop an understanding on the global urology surgical instrument market. The research was conducted covering the desk research and primary research. Data sources used for primary research included online forums and blogs, CATI/CAWI, CAPI interviews, and video conferences. Additionally, interviews were conducted through connecting with various industry respondents including C-level executives, directors, divisional heads, regional heads, expert consultants, and independent consultants. The primary research was conducted to gain market insights from industry respondents and validate the gathered information through desk research.

Competitive Dynamics

Prominent market players of the industry follow several strategies to gain significant market share such as acquisition & merger, enhancing product portfolio and expanding geographical footprints. The major market players of the industry are Smith & Nephew Plc, Cynosure, Inc., LUMENIS LTD., Syneron medical ltd, Mölnlycke Health Care AB, Shanghai Fosun Pharmaceutical (Group) Co., Ltd, Beijing Toplaser Technology Company Limited, MERZ GMBH & CO. KGAA, and VALEANT PHARMACEUTICALS INTERNATIONAL INC. Other than these companies there are several small-scale and large–scale industries involve in the market which also hold significant market share.

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