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Global Market Study on Scar Treatment: Rising awareness of personal care and increased demand of clinically evidenced Topical products to drive the growth during the forecast period 2016 - 2024

06-16-2017 10:37 AM CET | Industry, Real Estate & Construction

Press release from: Industry Research Reports - MRRSE



This Persistence Market Research (PMR) report examines the Global Scar Treatment Market for the period 2015 - 2024. The primary objective of the report is to offer insights into the developments in the scar treatment market that are moderately transforming the outlook of global businesses and enterprises in the related domain. Rising demand for laser treatments, primarily in view of shortening the treatment duration, is expected to bolster revenue growth of the scar treatment market over the next forecast years. In addition, increasing demand for tried and tested drugs and therapeutic combinations is expected to drive the growth of the global scar treatment market during the forecast period. Demand for scar treatments is primarily emerging from developed pharmaceutical markets such as Europe and North America, due to higher consumer affordability in these regions. However, emerging markets such as Brazil and UAE are fast catching up, owing to factors such as the boom in medical tourism and increasing demand for aesthetic corrective procedures in these regions.

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The scar treatment market report begins with an overview of the scar treatment process and analysis of the various types of scars and their probable treatments. This section includes identifying the key features of scars and the respective considerations for appropriate commercial sizing of the market. The following section underlines factors influencing the growth of the scar treatment market currently, along with details of the key trends, drivers, restraints, opportunities, regulations, reimbursement scenarios, and an analysis of the impact expected to be created by each of the drivers and restraints over the forecast period. Impact analysis of the key regional growth drivers and restraints has been assessed based on the weighted average factor model along with key region-specific trends. This has been included in the market report to better equip clients with information and hidden insights. At the end of the report, PMR has included an exclusive section on the competitive landscape for players who plan to foray deeper into the existing market. The section highlights key upcoming requirements for companies to better capture higher market share and emerge profitable over the long term.

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The global scar treatment market is analysed based on product type, scar type, end-user (distribution channel), and regions. Based on product type, the overall market has been segmented into topical products, laser products, surface treatment products, and injectable products. The topical product segment is further segmented into creams, gels, oils, and silicone gel sheets. The laser segment has been sub-segmented into CO2, excimer, and pulse-dyed lasers. Based on scar type, the market has been sub-segmented into atrophic scars, hypertrophic scars and keloids, contractures, and stretch marks. A detailed analysis of every segment and sub-segment in terms of market size, Y-o-Y growth rate, absolute $ opportunity, market attractive index, and BPS analysis has been provided along with the appropriate rationale for better understanding the market.

The next section of the report highlights the growth trends witnessed in the scar treatment market, by region. It provides a market outlook for 2015–2024 and sets the forecast within the context of the scar treatment market. The study discusses key regional trends contributing to the growth of the scar treatment market worldwide, as well as analyses the extent to which the corresponding drivers are influencing this market in each region, currently. Key regions assessed in this report include North America, Latin America, Europe, Asia-Pacific, and the MEA.

Analysis based on product-type, scar type, end-user (distribution channel), and region helps in evaluating the present scenario and growth prospects of the scar treatment market for the period 2015 –2024, in a holistic manner. We have considered 2014 as the base year and 2015 as the estimated year as some of the associated companies have not published their current financials.

To ascertain the scar treatment market size, we have also considered key parameters that should be considered while judging product uptake through various distribution channels. The forecast presented here assesses the total revenue generated, by value, across the scar treatment market. In order to offer an accurate forecast, we started by sizing the current market, which forms the basis of how the scar treatment market is expected to develop in the future. Given the characteristics of the market, we triangulated the outcome on the basis of three different types of analysis, based on the supply side, downstream industry demand, and the economic envelope.

In addition, it is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR but also analyse based on key parameters, such as Year-on-Year (Y-o-Y) growth rates, to understand the predictability of the market and to identify the right opportunities in the scar treatment market.

The scar treatment segments have been analysed in terms of the Basis Point Share (BPS) to understand individual segment’s relative contributions to market growth. This detailed level of information is important for identification of various key trends in the scar treatment market.

Another key feature of this report is the analysis of key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical for assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective, in the scar treatment market.

To understand key growth areas of scar treatment in the near future, Persistence Market Research developed the scar treatment market’s ‘Attractiveness Index’, which has been provided for all the four categories, namely product type, scar type, end users, and regions. The resulting index and related rationale are expected to help providers identify the real market opportunities.

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In the final section of the report, competitive information related to the scar treatment market has been included to provide companies with insights required to enter or deepen revenue from a specific segment. This could help these companies in strengthening their revenue footprints in the scar treatment market and also to differentiate themselves. Key categories of providers covered in the report are scar treatment product manufacturers. Detailed company profiles have been primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a key market segment in the scar treatment value chain (provided in the market dynamics section). Report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on the in-depth assessment of their capabilities and success in the scar treatment marketplace.

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