Boxcar Scar Market Driven by Rising Demand for Age-defying Treatment” Fact MR

Rising healthcare expenditure will remain a chief growth driven as patients become increasingly willing to spend on anti-aging treatments

The global boxcar scar treatment market is forecast to expand at a healthy pace between 2021 and 2031, finds Fact MR in a new study. The rise in the demand for various treatments such as laser and tropical treatment for personal care and treating skin disorders will propel the growth of the market. Also, technological advancements in the healthcare sectors that has led to the advent of laser therapy and favorable reimbursement policies will create attractive opportunities for growth.

According to Fact.MR, manufacturers of tropical drugs are expected to witness steady growth due to the increasing boxcar scar cases across the U.K., China, and Japan. Thereby, providing lucrative opportunities to key players in these regions. As per the report, the demand for topical products will considerably increase over the forecast period. This will result in high demand for gels and creams for the treatment of boxcar scars. Besides this, COS laser treatment is expected to gain impetus within the market.

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Scars affect almost 80-90% of teenagers in the western regions, says the World Health Organization (WHO) in a study. In a study by the National Library of Medicine, boxcar scars are found in around 54% of the population as post-acne scars. Rising cases of skin disorders and subsequently increasing focus on getting them treated will emerge as a chief growth driver.

“Besides capitalizing on opportunities present in the developed nations, market players are likelier to shift focus towards emerging countries. Driven by the expansion of the beauty sector and rising incidence of skin disorders, developing countries will present attractive opportunities for growth,” say the Fact.MR analyst.

Key Takeaways

  • North America to lead the global scar treatment market on the back of the high availability of advanced products and associated therapies.
  • Rising number of plastic surgery units in the U.K. is fuelling the adoption
  • In the Asia Pacific, the global scar treatment market is flourishing due to the increasing incidence of acne and rising demand for value-based and innovative technologies.
  • India is expected to emerge as a highly lucrative market for scar treatment market within Asia Pacific.
  • Middle East is expected to report increase in demand for combination treatment regimens involving retinoids and antibiotics, or antibiotics followed by fractional CO2 lasers.

Key Drivers

  • Growing adoption of anti-ageing treatments and awareness regarding the treatments will drive the scar treatment market
  • Increasing burn injury cases in countries like India, will drive the adoption of boxcar treatment
  • Expansion of medical skincare infrastructure and rising income in emerging economies will boost the growth of the boxcar scar treatment market.

Key Restraints

  • High costs involved in the treatment of boxcar scars will hamper the demand
  • Unfavorable reimbursement scenario in developing countries and low-income are hindering the growth of the market

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Competitive Landscape

Key players operating in the boxcar scar treatment market profiled by Fact.MR includes Lumenis, Sonoma Pharmaceuticals Inc., LLCMlnlycke Health Care, Scarsheal Inc., Enaltus LLC, Smith & Nephew plc, CCA Industries Inc., PCA SKIN, Cynosure Inc., Proactiv Company, Merz, Inc., CeraVe, Galderma S.A. Their main focus is towards developing innovative products to standout in the highly competitive market.

More Insights on the Boxcar Scar Market:

In its latest report, Fact.MR offers an unbiased analysis of the boxcar scar treatment market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product (Topical, Laser, Surface treatment, and Injectable) distribution channel (Hospitals, Clinics, Pharmacies and drug stores, E-Commerce) across seven regions (North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa).

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Source: Fact.MR

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