The scar treatment market size is expected to surpass US$ 46.10 billion by 2028 and expanding growth at a CAGR of 10.7% over the forecast period 2021 to 2030.
The scar treatment market size is expected to surpass US$ 46.10 billion by 2028 and expanding growth at a CAGR of 10.7% over the forecast period 2021 to 2030.
Growth Factors
The scar treatment market is expected to grow owing to the rising cases of accidents and injuries. As per the data provided by the Population Reference Bureau, about 50 million people are injured due to the road accidents every year. According to the World Health Organization, approximately 1.3 million people die due to road accidents per year and the major victims are young adults and children. The growing incidences of accidents is fueling the demand for the scar treatment across the globe. The increased concerns among the consumers regarding their physical and aesthetic appearances is expected to drive the growth of the global scar treatment market. Furthermore, the rising prevalence of skin diseases and the rising awareness regarding skin care is driving the market growth. The rising pollution levels, extended exposure to sunlight, burns, acne, vitiligo, psoriasis, and stretch marks are the major causes of scar.
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Report Highlights:
- By treatment type, the topical segment garnered 59% of the revenue share and dominated the global scar treatment market. The easy availability of the various topical products such as oils, gels, ointments, and silicone sheets coupled with the increased adoption of these products for scar treatment has led to the dominance of this segment. The easy availability as over the counter products, convenient use, and high awareness are the major factors associated with the growth of the topical segment. The higher penetration of the retail pharmacies and the growing popularity of the online pharmacies will further boost its growth.
- Based on scar type, acne & atrophic was the dominating segment in the global scar treatment market in 2020. Acne is the most common skin problem. Acne & atrophic occurs owing to the inability of the skin to produce sufficient collagen that heals the injury. The easy availability of the over-the-counter products in retail pharmacies for the treatment of acne and atrophic has fueled the growth of this segment.
- On the basis of end use, the home use segment accounted for 44% of the market share and dominated the market in 2020. The huge consumption of various topical products and its easy availability in retail pharmacies are the prominent drivers of the home use segment across the globe.
- North America was the leading market in 2020 that garnered the revenue share of 36% in 2020. The increased awareness regarding the scar treatment products, high disposable income, increased penetration of retail pharmacies, and increased awareness regarding the aesthetic appearances among the population are the significant factors that has driven the market growth in North America. Furthermore, the rising incidences of burn injuries in US has fostered the demand for the scar treatment products.According to statistics of the American Burn Association, over 485,000 burn injuries are recorded in US every year. The presence of several top manufacturers in the region are significantly contributing towards the growth of the North America scar treatment market.
- Asia Pacific is estimated to register the highest CAGR during the forecast period. The region is witnessing a growing demand for the scar treatment products owing to the rising cases of injuries and road accidents among the youth population. According to the World Health Organization, around 93% of the road accidents occur in the low and middle income countries. Furthermore, the increasing concerns over the aesthetic appearances among the young population is further driving the sales of the scar treatment products across the Asia Pacific region. The rising pollution levels are resulting in the growing cases of skin problems, which is expected to positively impact the market growth.
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Future of Scar Treatment Market
With the growing penetration of the social media and rising youth population across the globe, the demand for the skin friendly products is growing rapidly. The growing demand for the various scar treatment products owing to the rising awareness regarding the various skin problems is expected to foster the demand. The growing penetration of online pharmacies is another significant factor that is estimated to have a positive and significant impact on the market growth in the foreseeable future.
COVID-19 Impact Analysis:
- Skincare and scar treatment, being a non-essential, the outbreak of the COVID-19 pandemic had a minimal effect on the market. The various scar treatment products were easily available in the pharmacies during the pandemic.
- The increased adoption of the telemedicine and telehealth platforms fulfilled the demand for the physician consultations during the pandemic.
- Increased adoption of online platforms for buying scar treatment products was witnessed during the pandemic.
Key Developments in the Marketplace:
- In June 2020, Bausch Health introduced its ARAZLO lotion in US.This lotiontreats scars like acne, blackheads removal, and whiteheads removal.
Segments Covered in the Report
By Treatment Type
- Topical
- Laser
- Surface
- Surgical
- Injectable
By Scar Type
- Acne & Atrophic
- Stretch Marks
- Hypertrophic & Keloid
- Contracture
By End Use
- Dermatology Clinics
- Home-Use
- Hospitals
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
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