Scar Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020-2027

The global scar treatment market size is expected to reach around US$ 32,160.5 Mn by 2027, expanding at a CAGR of 8.3% over foreast period 2020 to 2027.

Increase in number of people suffering from skin problems across the world is anticipated to fuel the global scar treatment market during the forecast period.

Scars are likely to have major consequences on an individual’s life with respect to appearance, over all well-being, and satisfaction with surgical procedures, especially when scars appear on sensitive parts or places of the body and cannot be covered by clothes. he scar treatment and cosmetic intervention industries are fragmented across the world. Development has been taking place in pockets where there is ample affordability.

Increase in Incidence of Atrophic & Acne Scars and Hypertrophic Scars and Keloids to Boost Market

• In terms of scar type, the atrophic & acne scars segment is projected to account for a dominant share of the global scar treatment market during the forecast period. Dominance of the segment is attributed to the rising incidence of skin disorders such as acne at early ages, changing food habits, increasing levels of pollution, and a general decrease in safety levels leading to large number of trauma incidences in countries across the globe.
• In addition, increasing incidence of acne vulgaris and hospitalization cases due to trauma incidents are key factors that are expected to fuel the demand for treatment of atrophic scars. The hypertrophic scars and keloids segment is a major contributor, following the atrophic & acne scars segment, due to high patient base. For instance, according to the American Osteopathic College of Dermatology, an estimated 10% of people experience keloid scarring in the U.S.

Topical Products Segment Dominates the Market

• The report offers detailed segmentation of the global scar treatment market based on treatment type, scar type, and distribution channel. In terms of treatment type, the market has been classified into topical products [creams, gels, silicone sheets, and others (sprays, oils, etc.)], laser treatment (CO2 lasers, pulsed dye laser, and excimer laser), injectables, and others.
• The topical products segment is estimated to hold a leading share of the global market during the forecast period. Higher share of the segment is attributed to the increasing incidences of acne, primarily ice pick scars and rolling acne, which is estimated to boost the demand for topical OTC medications as well as prescription antibiotics (clindamycin, tetracycline) that are generally utilized as a first-line infection control measure. 

Hospital Pharmacies Segment to Expand at Fastest CAGR

• Based on distribution channel, the hospital pharmacies segment accounted for a leading share of the global scar treatment market in 2018. It is projected to gain market share by the end of 2027. Some of the factors behind growth of the segment are rise in occurrence of skin problems, especially among elderly individuals.
• Additionally, advanced technologies offered by hospitals for scar treatment and reimbursement policies for various treatments and procedures drives the hospitals segment. Retail pharmacies was a prominent segment, following the hospital pharmacies segment, of the market in 2018. This is due to the rise in number of retail pharmacies and increase in medical awareness and rapid urbanization, as retail pharmacies can provide medication on customer demand. This, in turn, is likely to drive the retail pharmacies segment during the forecast period.

North America to be Highly Lucrative Market for Scar Treatment

• The scar treatment market in North America is driven by government initiatives and a highly structured health care industry. The U.S. held a major share of the market in the region, owing to the rise in geriatric population and high awareness among the people about scar treatment. Moreover, a large number of players in the U.S. are focusing on R&D in order to introduce new products. The U.S. is an early adopter of innovative products, as most pharmaceutical products are first launched in the country. This is likely to boost the market in the country in the near future. Therefore, established rules and regulations and major innovations in product development are expected to propel the scar treatment market in North America in the near future.
• The market in Asia Pacific is expected to expand at a rapid pace during the forecast period. The scar treatment market in Latin America is likely to expand at a moderate growth rate during the forecast period.

Trend of Strategic Alliance with Local Companies to Strengthen Distribution Network and Expand Geographic Presence

• The global scar treatment market is fragmented, owing to the presence of several small- and large scale companies. However, the market is dominated by a few major players with strong global presence. The report provides profiles of leading players operating in the global scar treatment market.
• Key players in the market include Valeant Pharmaceuticals International, Inc., Sonoma Pharmaceuticals, Pacific World Corporation, Merz Pharma, Sientra, Inc., Velius, LLC, CCA Industries, Inc., Mölnlycke Health Care AB (Investor AB), Fosun Pharmaceutical Co., Ltd. (Alma Lasers), Cutera, Inc., XIO Group (Lumenis), Smith & Nephew plc, and Alliance Pharma. 

Segmentation:

Global Scar Treatment Market, by Treatment Type

• Topical Products
  • Creams
  • Gels
  • Silicone Sheets
  • Others (Sprays, Oils, etc.)
• Laser Treatment
  • CO2 Lasers
  • Pulsed Dye Laser
  • Excimer Laser
• Injectables
• Others

Global Scar Treatment Market, by Scar Type

• Atrophic & Acne Scars
• Hypertrophic Scars and Keloids
• Contracture Scars
• Others (Stretch Marks)

Global Scar Treatment Market, by Distribution Channel

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

Global Scar Treatment Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • U.K.
  • Rest of Europe
• Asia Pacific
  • India
  • Japan
  • China
  • Australia & New Zealand
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

The Scar Treatment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Scar Treatment market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Scar Treatment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Scar Treatment market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Scar Treatment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Scar Treatment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Scar Treatment by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Scar Treatment market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Scar Treatment market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Scar Treatment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Scar Treatment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Scar Treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Scar Treatment market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Scar Treatment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Scar Treatment market. These factors have benefited the growth of the global market for Scar Treatment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Scar Treatment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Scar Treatment are as follows:

• History Year: 2016-2019
• Base Year: 2019
• Estimated Year: 2020
• Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

• To analyze and study the global market capacity, production, value, consumption, status (2016-2019) and forecast (2020-2027);
• Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
• Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
• To define, describe and forecast the market by type, application and region.
• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
• To identify significant trends and factors driving or inhibiting the market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
• To strategically profile the key players and comprehensively analyze their growth strategies.