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The Global Scar Treatment Market is estimated to be valued at US$ 12,020.5 Mn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Scars are physical marks left on the skin after injury or surgery. They can be caused by burns, cuts, abrasions or injuries on the skin. Scar treatment products such as creams, gels and laser therapy are used to reduce appearance and improve texture and color of scars for improved aesthetic appearance. Laser therapy has emerged as the fastest growing segment owing to its non-invasive procedure with long term scar reduction benefits.
Market Overview:
Scar treatment products include topical creams, gels, sheets, wraps, gel patches and laser therapy devices. These products aim to nourish skin, promote new collagen production and fade appearance of scars for improved aesthetic outcomes. Rising awareness regarding scar removal options and increasing demand for non-invasive aesthetic procedures are major factors fueling growth of the scar treatment market.
Market key trends:
One of the key trends in the scar treatment market is the rise of at-home scar treatment devices. Manufacturers are focusing on developing easy to use at-home scar treatment devices and kits with advanced technologies such as laser, LED and plasma. For instance, Senta introduced Senta Advance Scar Cream which contains 5% silicone and can be used at home to reduce appearance of scars. Increase in demand for non-invasive procedures and home care therapies is expected to support growth of at-home scar treatment devices over the forecast period. Furthermore, rising adult and pediatric population undergoing various surgical procedures will also contribute to increased demand for postoperative scar treatment products.
Segment Analysis
The global scar treatment market can be segmented into product type and application. Based on product type, the laser products segment is expected to dominate the market. Laser products provide effective treatment for acne scars, surgical scars and other scars with minimal side effects. Their non-invasive nature makes them a preferred treatment option.
Key Takeaways
The Global Scar Treatment Market is expected to witness high growth, exhibiting a CAGR of 4.4% over the forecast period, due to increasing awareness about scar removal treatments and rising incidence of accidents and burns.
Regional analysis:
North America is expected to dominate the global scar treatment market over the forecast period. Higher adoption of advanced treatment technologies and rising healthcare spending in the US and Canada contribute to the largest share of North America.Asia Pacific is expected to witness the fastest growth rate owing to growing medical tourism industry and rising disposable income in emerging economies like India and China.
Key players:
Key players operating in the scar treatment market are Bausch Health Companies Inc., Candela Medical, Perrigo Company plc, Sonoma Pharmaceuticals Inc., Hologic Inc., Johnson & Johnson Services Inc., Quantum Health, CCA Industries Inc., AVITA Medical, Revitol Corp, Scarguard labs, Smith+Nephew, Lumenis Be Ltd, Merz Therapeutics, Cynosure, HRA Pharma, GC Aesthetics, Sientra Inc., SkinCeuticals, Cimeosil.com, Honeydew Products, 3V Sigma USA Inc., Syneron Medical Ltd.. Bausch Health and Candela Medical hold a significant share due to their diversified and innovative product portfolios.
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