Global Scar Treatment Market Anticipated to Register 10.3% CAGR in 2015-2022

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A large number of people look for effective scar treatments. Demand for scar treatment has grown in recent past. Various treatment modules are available in the market depending on the site of scar, age of scar, and family history. In addition, increasing prevalence of skin irritations such as photoaging, sunburns and skin stiffness owing to excessive exposure to UV rays and environmental pollution is further fueling the demand for effective scar treatment. The latest techniques for scar treatments are well complying with the post treatment expectations, which in turn is propelling the global scar treatment market. Using the latest treatment modules it is possible to treat almost all types of scars giving exceptional post-treatment results.  

Key Market Dynamics

Increasing expenditure on personal care and rising incidences of skin disorders are driving the global scar treatment market. Availability of advanced scar treatment modules and higher consciousness on self-appearance amongst consumers are additional factors expected to support the overall market growth. In contrast, high costs of latest scar treatments and risk of unruly side effects from various scar treatment products inhibits the market growth.  The global scar treatment market was valued at US$ 16,048.7 Million in 2015. PMR indicates that the market is anticipated to register a 10.3% CAGR during the forecast period (2015-2022) and is estimated to surpass US$ 31,904 Million by 2022.

Segment Analysis

Scar treatment market has been classified on the basis of product type, treatment, scar type, and geography

By product type, the market is segmented into oils, creams, gels, elastic wraps, gel sheets and sprays. In addition, the scar treatment products segment is estimated to grow from an US$ 9,472.0 Million in 2015 to US$ 19,562.5 Million in 2022, expanding at 10.9% CAGR over the forecast period. Based on treatment types, the market is segmented into invasive surgical treatment, cryosurgery, laser treatment, chemical peeling, dermabrasion, tissue fillers and steroid injections. Laser treatment segment is foreseen to be the fastest growing treatment type over the forecast period. By scar type, the market is segmented into keloid scars, hypertrophic scars, stretch marks, post-surgical scars, contracture scars and acne scars. Furthermore, the post-surgical scars segment is the one of most common type of scar for which people seek treatments. 

Regional Analysis

On the basis of region, the global scar treatment market is segmented into four key markets, including North America, Asia, Latin America and Europe. North America continues to be the most lucrative market for scar treatment. In Asia, the market is expected to register the fastest growth rate. Factors such as self-appearance consciousness, high disposable income and rising awareness about scar treatments are expected to boost the market in Europe.

Key Market Participants

Few of the key market participants in the global scar treatment market include Revitol Corporation Inc., Pacific World Corporation, Valeant Pharmaceuticals International Inc, CCA industries Inc, Merz Pharma GmbH & Co. KGaA, Oculus Innovative Sciences, Inc., Enaltus, LLC., Avita Medical Limited, Scarguard Labs LLC, and Quantum, Inc. Most of the aforementioned companies have been profiled based on attributes such as company overview, sustainability, recent developments and financial overview.

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Market Segmentation

By Product Type

Topical Products
Creams
Gels
Oils
Silicone gel sheets
Laser Products
CO2laser
Excimer Laser
Pulse-dyed Laser
Surface Treatment Products
Injectable Products
By Scar Type

Atrophic Scars
Acne
Ice pick acne
Boxcar Acne
Rolling Acne
Trauma and injuries
Hypertrophic scars and keloids
Contractures
Stretch Marks
By End User/Distribution Channel

Hospitals
Private Clinics
Pharmacies and Retail Drug Stores
E-Commerce
By Region

North America
Latin America
Europe
Asia Pacific
Middle East & Africa
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