Scar Treatment Market Research, 2031
The global scar treatment market was valued at $13.1 billion in 2021, and is projected to reach $32.4 billion by 2031, growing at a CAGR of 9.4% from 2022 to 2031.The growth of the global scar treatment market is majorly driven by the increase in prevalence of different types of scars such as atrophic scars, hypertrophic scar, keloid scar and stretch marks. In addition, rise in incidences of acne scars contributes in the growth of market. For instance, in 2019, according to National Health Service (NHS) UK, about 95% of people aged 11 to 30 are affected by acne to some extent. Moreover, increase in demand for aesthetic looks in peoples are expected to fuel the growth of market in the analysis period.
Market Introduction and Definition
A scar is the body's natural way of healing and replacing lost or damaged skin. A scar is usually composed of fibrous tissue. Scars may be formed for many different reasons, including as a result of infections, surgery, injuries, or inflammation of tissue. The scars can be treated with topical solutions such as creams and lotions. In addition, scar can be treated with laser therapy such as CO2 laser and pulsed dye laser.
The road accidents and burns are responsible for scar marks. Thus, increase in prevalence of road accidents and burns cases drives the scar treatment market growth. For instance, as per the report of U.S. Department of Transportation’s National Highway Traffic Safety Administration (NHTSA), in 2020, estimated 38,680 people died in motor vehicle traffic crashes. Furthermore, according to American Burns Association (ABA) in February, 2021, more than 400,000 people receive treatment for burn injuries each year. Thus, an increase in incidences of road accidents and burns cases boosts the growth of the scar treatment market
Moreover, the scar marks such as stretch marks and hypertrophic scar responsible for dwindle appearance. Furthermore, rise in trends of skin piercing contributes in growth of market. The skin piercing may form keloid scar at piercing area. In addition, increase in prevalence of acne scar drives the growth of market. The facial acne may remain as scar and affects the appearance of person. Thus, rise in concern for aesthetic appearance and prevalence of acne boosts the growth of market
In addition, the increase in incidences of child cesarean birth responsible for surgery scars contributes in growth of market. For instance, according to Centers for Disease Control and Prevention (CDC), in 2020, the cesarean delivery rate increased to 31.8%. Thus, rise in number of child cesarean birth contributes in growth of scar treatment market.
Furthermore, increase in number of obese peoples owing to sedentary lifestyles and unhealthy food, drive the growth of market. The obese peoples usually have skin stretch marks. For instance, according to world population review, in 2022, estimated 27.80% adults are obese in UK. Thus increase in number of obase peoples further fuels the growth of market.
The rise in the R&D activities and clinical trials for the treatment of scars propels the growth of scar treatment industry. For instance, in September, 2021 Pharmaxis, a pharmaceutical research company in collaboration with University of Western Australia, carried out world-first clinical trial to investigate a cream to stop scars forming after trauma, particularly following burn injuries and the Phase 1c trials results shows positive results. Hence, advancement in the scar treatment and R&D activities projected to create new opportunities for market expansion during the forecast period. However, high cost associated with scar treatment impede the growth of this scar treatment market.
Market Segmentation
By scar type, the market is mainly categorized into atrophic scar, hypertrophic & keloid scar, contractures, and stretch marks.By product, it is categorized into topical, laser-based treatment, and others.Based on end user, it is divided into hospitals, clinics, and home care. By region, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Brazil, South Arabia, South Africa, and LAMEA).
The scar treatment market is segmented into Scar Type, Product and End User.
On the basis of scar type, the market is divided into atrophic scar, hypertrophic & keloid scar, contractures, and stretch marks. The atrophic scar segment dominated the scar treatment market share in 2021, and is expected to dominate during the forecast period, owing to increase in prevalence of acne and chicken pox.
By Product
Topical segment holds a dominant position in 2021 and would continue to maintain the lead over the forecast period.
Depending on product, the market is classified into topical, laser-based treatment, and others. The topical segment dominated the market in 2021, and is expected to dominate during the forecast period, owing to easy availability of topical products and rise in consciousness regarding aesthetic appearance.
By end user, it is divided into hospitals, clinics, and home care. The homcaresegment dominated the market in 2021, and is expected to continue the same during the forecast period, owing to rise in availability of home based scar treatment and high incidences of scars.
Regional/Country Market Outlook
Depending on the region, North America garnered the major share in the scar treatment market in 2020, and is expected to dominate the global market during the forecast period, owing to the rise in prevalence of acne, presence of key players for development of advanced scar treatments, and well-established healthcare infrastructure in the region. However, Asia-Pacific is expected to register the highest CAGR of 10.2% from 2022 to 2031, owing to an increase in the number of hospitals, prevalence acne scars and high population base.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the scar treatment market analysis from 2021 to 2031 to identify the prevailing scar treatment market opportunity.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the scar treatment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global scar treatment market size.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global scar treatment market trends, key players, market segments, application areas, and market growth strategies.
Scar Treatment Market Report Highlights
| Aspects | Details |
 By Scar Type |
|
 By Product |
|
 By End User |
|
 By Region |
|
 Key Market Players | Bausch Health Companies Inc., Avita Medical Limited, Polytech Health & Aesthetics GmbH, Mölnlycke Health Care AB, Sientra, Inc., sisram inc, Smith and Nephew plc., hra pharma, Cynosure, Inc. |
Analyst Review
This section provides opinions of top level CXOs in the scar treatment market. According to CXOs, scar treatment is used to improve appearance by removing scar marks.
The scar type includes atrophic scar, hypertrophic scars, contractures, stretch marks, and keloid scar. Stretch marks are irregular lines or streaks on skin where it has been stretched or distended, especially owing to pregnancy or obesity.
Factors such as increase in incidences of road accidents, burn cases, rise in number of cosmetic hospitals, and advancements in scar treatment drives the growth of market. In addition, increase in demand for scar treatment for aesthetic looks is expected to drive growth of the scar treatment market.
North America is expected to witness highest growth, in terms of revenue, owing to rise in incidences of role accidents, presence of key players for manufacturing and developing scar therapies, and rise in number of hospitals and cosmetic clinics in the region.
However, high cost associated with scar treatment hampers the market growth.
The total market value of scar treatment market is $13100.2 million in 2021.
The forecast period in the report is from 2022 to 2031
The market value of scar treatment market in 2022 was $14384.02 million
North America is the largest regional market for Scar Treatment
The top companies to hold the market share in Scar Treatment are Avita Medical Limited, Bausch Health Companies Inc., Cynosure, Inc., GC Aesthetics, HRA Pharma, Mölnlycke Health Care AB, Polytech Health & Aesthetics GmbH, Sientra, Inc. (BIOCORNEUM), Sisram, and Smith and Nephew plc.
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