Scar Treatment Market, Worldwide Estimates, Trends, Growth and Forecast 2024

The global scar treatment market is driven by the factors such as mounting occurrence of skin diseases such as vitiligo, psoriasis, eczema, and photoaging of skin, escalating healthcare expenditure, expanding awareness about scar treatment, the mounting number of surgical procedures and escalating appearance consciousness among consumers. Technological advancement in the scar treatment products, a mounting number of burns cases, escalating demand for organic scar treatment products, intensifying disposable income and increasing number of road accidents are further fuelling the growth of the market.

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Among all products, topical segment holds the largest share in the scar treatment market, globally. The topical segment is witnessing the highest growth in the market globally, owing to cost-effectiveness, easy availability, greater acceptance of creams and gels for healing scars, fewer side-effects, and easy application.

Keloids are the overgrowth of fibrous tissue that develops after healing of a skin injury and grows beyond the boundaries of the original site of skin injury. Moreover, hypertrophic scars are erythematous, and raised fibrous lesions caused after thermal injuries and other injuries in the deep dermis.

The mounting occurrence of skin diseases such as vitiligo, psoriasis, eczema, and photoaging of skin, technological advancement in products, escalating appearance consciousness among consumers, mounting number of surgical procedures, and intensifying disposable income are the key factors leading to the growth in the scar treatment market, globally. For instance, according to the American Academy of Dermatology, in the U.S., annually approximately 50 million Americans are suffering from acne.

Owing to the mounting disposable income, the upsurge in personal care spending has resulted, which further increases the demand for treatment of scars. Some of the other key factors driving the growth of the industry are mounting awareness about the treatment of scars, mounting healthcare expenditure, an increasing number of road accidents, and escalating demand for organic products for the treatment of scars.

North America accounted for the major share in the scar treatment industry in 2017, globally as the players in the region are continuously investing spends in research and development of innovative products.

Asia-Pacific is observed to witness the fastest growth in the scar treatment market, owing to escalating awareness regarding scar treatment and favorable reimbursement policies.

Key players in the scar treatment industry are investing in the development of advanced, which is strengthening their position in the market Hologic Inc., Sonoma Pharmaceuticals Inc., Avita Medical Limited, Smith & Nephew Plc, Scarguard Labs LLC, Mölnlycke Health Care AB., Bausch Health, Merz Pharma GmbH & Co. KGaA, and Johnson & Johnson are some of the key players offering scar treatment.

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I'm Yash Chauhan, Senior Research Analyst at VynZ Research.