The global ScarTreatment market size was worth USD 13.8 billion in 2015 which is anticipated to grow at a CAGR of more than 9.7% during the forecast period. Esthetic appearance among people is one of the major factors driving market growth. Scar treatment helps enhance the esthetic appeal of an individual through skin rejuvenating. Women are more concerned about esthetics, hence are expected to form the largest customer base for this market.
Another
major factor contributing to the growth of this market is the rising number of
road accidents. According to WHO, approximately 10 million people are injured
in road accidents every year. This gives rise to high need for scar treatment
products, such as topical products that help in reducing the scars effectively.
Road accidents also increase the need for cosmetic surgical treatments, which
in turn leads to high demand for laser instruments.
Rising incidence of burn injuries also supports the growth of this market. Burn
injuries contort the appearance of the victim, leaving noticeable hypertrophic
burn marks. People with high disposable income, often go for surgical treatment
to get rid of such marks. Thus, scar removal products help in treating burn
injuries.
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Technological
advancement, such as laser therapy is also accelerating the growth of this
market. For instance, Cynosure came up with MedLite C6, a Q-switched laser
device, which is used for treating acne and other skin diseases. These laser
devices help in treating the marks by destroying the scar tissue.
Reconstructive and plastic surgery is also considered as a part of the surgical
laser treatment procedure, which has further expanded the market growth.
Product Insights
Based
on product, topical products held the largest market share in 2016 and are
expected to witness an attractive growth over the forecast period. It is due to
the easy availability of these products Over-the-Counter (OTC), for instance,
topical creams, gels and oils. Due to this reason, topical products are greatly
used as a treatment for scars.
Laser
products are expected to witness a lucrative growth over the forecast period.
This is due to the fact that non-invasive therapy facilitates less pain and
discomfort. Laser-based cosmetic surgeries are also increasingly preferred by
the patients who are experiencing stretch marks, acne and keloid.
Scar Type Insights
Based
on scar type, atrophic scars dominated the market in 2015. This is because it
majorly comprises acne scars. Most of the people, especially women are
concerned about acne. Hence, there is a high demand for OTC products such as
gels and topical creams for treating acne, thereby, making it a strong segment.
Hypertrophic
and keloid scars also held significant market share in 2015 owing to the
growing number of wound injuries leading to these marks. OTC products such as
silicone gels, topical creams and silicone gel sheets assist in minimizing the
visibility of these marks.
End Use Insights
Based
on end-use, the market is segmented into clinics, hospitals, e-commerce, and
retail pharmacies. Among them, hospitals dominated the market in 2015. This is
due to the wide usage of laser instruments, steroid injections and topical
creams and gels in the hospital settings. Availability of specialists in the
hospital also contributes to the growth of this segment.
E-commerce/retail
pharmacies are expected to witness lucrative growth over the forecast period.
Online websites provide a wide variety of scar treatment products such as
steroid injections, topical creams & gels and portable laser instruments.
It also offers numerous lucrative offers and discounted prices, which further
raises the growth of this segment. In retail pharmacies, topical products are
available easily, which facilitates easy accessibility of scar treatment
products.
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Regional Insights
Based
on region, North America held the largest market share in 2015. This is due to
the growing acceptability of technologically advanced products and high concern
among people regarding esthetic appeal. Huge demand for advanced laser
instruments in the U.S. also drives the growth of this region.
Asia
Pacific is expected to witness a lucrative CAGR over the forecast period due to
the rising incidence of road accidents in country like India. In addition,
rising disposable income in these countries is also anticipated to contribute
to the growth of this region.
Competitive Insights
Some
of the major companies of the market are Lumenis; Mölnlycke Health Care;
NewMedical Technology, Inc.; Sonoma Pharmaceuticals, Inc; Smith & Nephew
plc; CCA Industries Inc.; Suneva Medical, Inc.; Enaltus LLC; Merz Inc. and
Scarheal, Inc.
The
key companies go for strategic initiatives such as regional expansion,
development of new products with improvised technology and mergers &
acquisitions. For instance, Lumenis acquired Pollogen in 2015, in order to
expand its product portfolio in the field of esthetics.
Market Segments:
Product
Outlook (Revenue, USD Million; 2014 - 2025)
• Topical Products
• Creams
• Gels
• Silicon Sheets
• Others
• Laser Products
• CO2 Laser
• Pulse-dyed Laser
• Others
• Injectables
• Others
Scar
Type Outlook (Revenue, USD Million; 2014 - 2025)
• Atrophic Scars
• Hypertrophic and Keloid Scars
• Contracture Scars
• Stretch Marks
End-Use
Outlook (Revenue, USD Million; 2014 - 2025)
• Hospitals
• Clinics
• Retail Pharmacies/ E-commerce
Regional
Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• Asia Pacific
• China
• India
• Latin America
• Brazil
• Mexico
• MEA
• South Africa
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