Scar Treatment 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.
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The key driving factors responsible for the growth of Scar Treatment
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.
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.
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