February 03, 2022
According to the business intelligence report titled ‘Global Scar Treatment Market Size study, by Product Type (Topical Products, Laser products, Injectables, others), by Scar type (Atrophic Scars, Hypertrophic And Keloid Scars, Contracture Scars, Stretch Marks), by End Use (Hospitals, Clinics, Retail Pharmacies/E-commerce), and Regional Forecasts 2021-2027’, available with MarketStudyReport, global scar treatment market is expected to record a stable growth rate of 10% through 2027 and touch a valuation of USD 23.97 billion by the end of the stipulated timeframe.
Experts cite that the growing prevalence of road mishaps and burn victims along with an increase in demand for aesthetic treatments are the factors fueling global scar treatment market growth. Besides, technological advancements are expected to enhance revenue flow in the upcoming years.
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According to reliable sources, around 50 million people get injured every year in accidents, resulting in scars that require treatment. Such instances are bound to aid the augmentation of the industry in the upcoming years.
However, the expenditure incurred on laser-based products may impede the growth of the business in the future.
Speaking of the regional landscape, the major geographies assessed for global scar treatment market are North America (United States, Canada), Europe (United Kingdom, France, Germany, Italy, Spain,), Asia Pacific (India, Japan, China, South Korea, Australia), and Latin America (Mexico, Brazil).
North America market is expected to be the most promising avenue owing to growing aesthetic understanding among people and the rapid uptake of technologically advanced products in the area.
Meanwhile, Asia Pacific is also anticipated to emerge as a strong market during 2021-2027 due to an increase in the occurrences of road accidents in the region.
Newmedical Technology Inc, CCA Industries, Inc., Cynosure Inc., Merz North America, Inc., Enaltus, LLC, Scar Heal, Inc., Lumenis, MoIncycke Healthcare AB, Sonoma Pharmaceuticals, and Smith & Nephew plc are the major players influencing global scar treatment industry trends.