Scar treatment market: Technological advancements in skin care and raising issues relating to aesthetic look to be a crucial driving factor
Scar treatment market Size, Share and Growth
Market was worth 19.2 billion in 2018 and estimated to be growing at a CAGR of 10.24%, to reach USD 231.26 billion by 2023.
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Scar treatment Market Overview:
The scar treatment market is estimated to register a rate of growth around 9.8% during the forecast period, 2018 to 2023. A scar can be caused by any burn injury or alternative trauma condition involving surgery. The looks and treatment of scar post an injury depend upon multiple factors which end up in reducing the scars but do not fully take away them. Road accidents initially drive the market, burn injuries, technological development, and aesthetic look.
Scar treatment Market Drivers and Restraints:
In growing markets like India with a large population, drunken driving is among the dominating cause for road accidents. The accumulated hospital admission rates due to road accidents and burns are among the fundamental reasons for the expansion of the scar treatment market. Other driving factors are technological developments in skin care and raising issues relating to aesthetics looks, mainly in developed markets.
Report segmented as:
By Treatment type:
• Topical products
• Laser treatment
• Injectable
By Scar type:
• Hypertrophic scars and keloids
• Atrophic & acne scars
• Contracture scars
• Others
Geographical analysis:
Based on geography, the world scar treatment market is segregated into North America, Europe, Latin America, Asia Pacific, and Rest of the globe. Out of these, North America is leading the global market for scar treatment and is estimated to remain leading by the end of 2026. This expansion of North America is due to high knowledge, availability of innovative technologies and increasing penetration of healthcare across the region. Nevertheless, the market in the Asia Pacific is estimated to expand with a quick CAGR due to rising demand for the treatment in developing countries like China and Japan.
Important market players:
Significant players operating within the scar treatment market involve Valeant Pharmaceuticals International, Inc., Pacific World Corporation, Sonoma Pharmaceuticals, and Merz Pharma, Sientra, Inc.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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