Scar Removal Treatment Market Global Share and Value of USD 15 Billion with Technological Insights and Emerging Trend till 2022
Scar Removal Treatment Market by treatment type (surgical, laser, topical, and injectable), by application (keloid scars, contracture scars, hypertrophic scars, acne scars, and others), by end user (hospitals, dermatology clinics, and others) – Forecast to 2022
Pune, India – March 12, 2019 /MarketersMedia/ —
Market Overview
The scar removal treatment market shows tremendous promise, with the prediction that it will achieve the valuation of USD 15 Billion by the end of 2022, surging at a striking growth rate during the forecast period (2018-2022).
The present era of advertising and marketing reinforce a belief among people that beauty is correlated with appearance. Interestingly, physical appearance being a social phenomenon, people are overwhelmingly driven to opt for scar removal treatment by the desire to look flawless.
Increase in awareness and exposure to scar removal treatment procedures coupled with increased disposable income across the globe has generated high demand for scar removal procedures.
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Rise in a number of accidents and social stigma attached to scars prompt individuals with scars to opt for scar removal treatment which boosts the growth of the market. In addition, acne scars are very common across individuals and generate massive demand for treatment for scars that are left behind by them.
Market Segmentation
The market for scar removal treatment is segmented on the basis of treatment type, application, and end user.
The various types of treatment in the global market are comprising a surgical method, laser treatment, topical creams and injectable and others.
Application-wise, the global scar removal treatment market is fragmented into contracture scars, keloid scars, hypertrophic scars, acne scars, and others.
The end-users in the global scar removal treatment market include dermatology clinics, hospitals and laser centers, and others.
Scar Removal Treatment Market Regional Outlook
By region, the market for scar removal treatment is segmented into Europe, North America, Asia Pacific (APAC) and Rest of the World.
The North America scar removal treatment market leads the global market, acquiring the largest share backed by the presence of several facilities and also due to the availability of treatments for scar removal. Led by these trends, the North America market will be creating a much bigger revenue pocket in the global market by the year 2022. The regional market will profit further due to the substantial contributions from the expanding market of the United States (US) on account of the high expenditure on healthcare combined with the augmented demand for scar removal treatments.
On the other hand, Europe holds the second largest market share in the global scar removal market, with the reason being the recent advancements in the laser technology along with the surging uptake of the laser technology in the countries in the region.
The market in Asia Pacific is striving to climb up globally, in terms of revenue, as a result of the development of the related technologies, primarily in countries such as India, China, and Japan. Also, owing to the increasing adoption of laser therapy for scar removal, the regional market will benefit to a large extent in forthcoming years.
In the rest of the world, the market for scar removal treatment will experience tremendous growth as well, owing to favorable reimbursement policies along with increasing availability of innovative technologies and growing penetration of healthcare.
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Key Vendors
The well-known companies leading the scar removal treatment market include WONTECH, Absolute MS (S) Pte Ltd., Asclepion Laser Technologies GmbH, Cynosure Inc., Z-Roc Dermatology Biodermis, Enaltus LLC., Revitol.com, Merz Pharma, Scarguard Labs, LLC, TorquePharma, Avita Medical, and so on.
Industry Development
January 2019 – A pediatric center in I-PEARLS (Israel Pediatric Aesthetic and Reconstructive Laser Surgery) Center of Excellence at Sheba Medical Center, has started using lasers that have been developed in Israel. These lasers include carbon dioxide (CO2) ablative lasers that effectively and safely reduce the impact of scars in burned children. The technology has been financed by US-based Burn Advocates Network that runs an annual burn camp for children in Israel.
Market Drivers and Challenges
The scar treatment industry has been developing at an astonishing rate owing to the increasing awareness among people regarding esthetics. With the appearance of different types of scars, the day-to-day lifestyle of the victim is massively impacted, which in turn affects their aesthetic appeal and to some level, their mental health. Thus, this factor is noted to give rise to an increased need for scar treatment. Also, acne scars are one of the most common issues faced by women, disrupting their physical appeal that causes discomfort. This leads to subsequent demand for scar treatment products, which will help the scar removal treatment market in gaining traction in coming years.
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Furthermore, the rising number of road accidents result in the appearance of various kinds of marks, which often requires surgical treatment. This is when the patients who have undergone these surgeries are given topical products for scar reduction. Apart from this, cosmetic surgeries with laser instruments take place for the treatment of severe marks arising from road accidents. To remove the postburn marks that hamper the daily lifestyle of the victim, plastic surgeries and resurfacing laser therapies are performed.
Also, the widespread availability and use of technologically advanced scar removal products that minimize pain and makes scar treatment benefits the market as well. Case in point is UltraPulse by Lumenis, which makes use of CO2 laser for treating acne scars, reducing the risk of pain during the treatment process.
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