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Scar Treatment Market 2024 - By Size, Share Analysis, Future Insights, Current Trends And Global Growth Outlook By 2033
Scar Treatment Market
According to The Business Research Company's, The scar treatment market size has grown rapidly in recent years. It will grow from $21.88 billion in 2023 to $24.46 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to integration of minimally invasive procedures, market accessibility, advances in wound care, research and clinical trials, evolution of cosmetic surgery.
The scar treatment market size is expected to see rapid growth in the next few years. It will grow to $36.97 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to innovative topical treatments, regenerative medicine advancements, evolving cosmetic surgery techniques, personalized treatment approaches, minimally invasive procedures. Major trends in the forecast period include rising demand for aesthetic procedures, innovation in topical treatments, regenerative medicine, cosmetic surgery advancements, patient-centric approach.
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Market Drivers and Trends:
The increasing number of road accidents is expected to propel the growth of the scar treatment market going forward. Road accidents refer to an incident involving at least one vehicle on a public road that results in at least one person being hurt or killed. Accidental burns, abrasions, scrapes, or cuts to the skin result in a natural healing and tissue replacement process that frequently leaves scars behind. The appearance of these scars can be significantly reduced with unique scar treatments that treat the damaged layers of skin and produce noticeable effects. For instance, in June 2022, according to a report shared by the RAC Foundation, a UK-based registered charity and transport policy organization, a recorded traffic collision resulted in an anticipated 1,558 fatalities in 2021. The expected number of killed or seriously injured (KSI) casualties was 27,450. Therefore, the increasing number of road accidents is driving the growth of the scar treatment market.
Product innovations are a key trend gaining popularity in the scar treatment market. Major players operating in the scar treatment market are concentrating their efforts on creating innovative products and solutions to sustain their position in the market. For instance, in September 2021, SkinCeuticals Advanced Clinical Spa, a US-based company that discovers, develops and delivers cosmeceutical treatments, launched advanced scar control. Advanced scar control is intended to make recent scars look better and stop new scars from growing. The product is a silicone scar gel with a high concentration that has been clinically demonstrated to help minimize scar appearance. With its undetectable, non-sticky, and non-greasy texture, advanced scar control provides long-lasting protection for the best possible scar care. The product's formulation helps to hydrate the skin and maintain its natural barrier function, which helps to stop the formation of new scars.
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Major Key Players of the Market:
Smith & Nephew plc; Lumenis Ltd.; Merz Pharmaceuticals GmbH; Sonoma Pharmaceuticals Inc.; Cynosure LLC; CCA Industries Inc.; Avita Medical Limited; Mölnlycke Health Care AB; Sientra Inc.; Sisram Medical Ltd.; Revitol Corporation; Scarguard Labs LLC; Scar Heal Inc.; Enaltus LLC; Sumed International Ltd.; Syneron Medical Ltd.; Bausch Health Companies Inc.; Hologic Inc.; Beijing Toplaser Technology Co. Ltd.; Pacific World Corporation; Suneva Medical Inc.; Newmedical Technology Inc.; Stratpharma AG; Perrigo Company plc; Alliance Pharma plc; Galderma Laboratories L.P.; Acelity L.P. Inc.; Advanced Medical Solutions Group plc; Aesthetic Factors LLC; Apyx Medical Corporation; Biofrontera AG; Cutera Inc.; Derma Sciences Inc.; Ellipse A/S; EndyMed Medical Ltd.; Erchonia Corporation; Fotona d.o.o.; InMode Ltd.; Lutronic Corporation; Medtronic plc
Scar Treatment Market 2024 Key Insights:
• The scar treatment market size will grow to $36.97 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%.
• Road Accident-Induced Injuries Fueling Demand Through The Impact On The Growing Scar Treatment Market
• Innovative Solutions Redefining The Scar Treatment Landscape Through A Focus On Skinceuticals Advanced Clinical Spa's Advanced Scar Control
• North America was the largest region in the scar treatment market in 2023
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