North America Scar Treatment Market is Expected to be Flourished by Rise in Demand for Minimally Invasive Treatments

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Scar treatment involves the use of various topical agents, laser therapy, injectable fillers, and other surgical procedures to fade the appearance of scars and striae.

North America Scar Treatment Market is Expected to be Flourished by Rise in Demand for Minimally Invasive Treatments

Scar treatment involves the use of various topical agents, laser therapy, injectable fillers, and other surgical procedures to fade the appearance of scars and striae. Scars generally form during the natural wound healing process of the skin when it repairs itself after an injury. However, some scars may become larger, darker, or raised than necessary. The North American region has witnessed high prevalence of scars due to increasing accidents, burns, and post-surgical cases. Moreover, rising demand for minimally invasive and scarless treatments is expected to drive the North America scar treatment market during the forecast period.

The global North America scar treatment market is estimated to be valued at US$ 4348.7 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

The North America region constitutes developed healthcare infrastructures and growing consumer awareness regarding availability of various scar treatment options. Various clinics and hospitals offer scar treatment procedures for minimizing appearance and recovery of damaged skin.

Market Dynamics:

Rise in demand for minimally invasive treatments is one of the major drivers propelling the North America scar treatment market growth. Minimally invasive procedures such as laser therapy, micro-needling, and injectable fillers are gaining high popularity as they reduce treatment time, pain, and risks of infection associated with conventional invasive surgeries. They help minimize scarring and attain faster recovery. Such procedures assist in rejuvenating skin and fading away scars.

Another driver for the market growth is increasing incidence of accidents, burns, and post-surgery cases leading to scarring. Road accidents, work place injuries, and burns due to fire are common in the region. Furthermore, rising medical surgeries such as C-section, appendicitis, and other cosmetic procedures also increase chances of scarring. According to American Burn Association, over 450,000 burn injuries require medical attention annually in the U.S. Advanced scar treatments are therefore increasingly adopted to diminish appearance of such scars.

Segment Analysis
The North America scar treatment market is dominated by the surgical scar treatment segment due to the high prevalence of road accidents, burns injuries and surgical procedures such as C-section in the region. Surgical scars account for a large number of scar treatments as they are the most common form of scarring. Topical scar treatments is the fastest growing segment owing to rising awareness about cosmetic treatments and availability of effective over-the-counter scar removal creams.

PEST Analysis
Political: The healthcare expenditure in the US and Canada is rising which is positively impacting the growth of the scar treatment market. However, stringent regulations might increase the compliance cost.
Economic: Rising disposable incomes and growing healthcare spending is fueling the demand for scar treatments in the region. The outbreak of COVID-19 negatively impacted the market growth due to deferred non-emergency procedures and treatments.
Social: Growing desire to look good externally and rising social acceptance of cosmetic procedures is driving the uptake of scar treatments. In addition, increasing awareness about scar reducing treatments through social media is boosting the market growth.
Technological: Advancements in laser scar removal and tissue engineering techniques are resulting in effective and long lasting scar treatments. Digital wound healing and virtual reality assisted laser procedures are gaining popularity.

Key Takeaways

The North America Scar Treatment Market Demand is expected to witness high growth due to increasing number of traumatic injuries, burns cases and cosmetic surgeries in the region. The US market dominates owing to large patient population, high healthcare spending and availability of advanced treatments. The global North America scar treatment market is estimated to be valued at US$ 4348.7 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030.

Regional analysis
The US accounted for the largest share of the North America scar treatment market due to large patient pool, rising healthcare spending and growing popularity of minimally invasive scar treatments. Canada is the fastest growing market due to increasing research on regenerative technologies for scar removal and rising medical tourism from other countries.

Key players
Key players operating in the North America scar treatment market are DPR Construction, Inc., Turner Construction Co., Holder Construction Company, Hensel Phelps Construction Co, Balfour Beatty US, Helix Electric, Sudlows, Kraus Anderson Construction, The Beck Group, PCL Construction Enterprises, The Walsh Group, Hill International, and Engineered Structures, Inc. (ESI).