Topical Scar Treatment Contribute Largest Revenue to the Global Scar Treatment Market in 2017-2023 by P&S Market Research.
According to the study, the global scar treatment market is likely to grow significantly during the forecast period, due to increasing prevalence of skin diseases such as psoriasis, eczema, vitiligo and photoaging of skin, which is increasing due to excessive exposure to pollution and ultraviolet radiation. This further results in sunburns, reduced skin elasticity, and hair loss.
Skin diseases are also caused by various other factors, such as excessive alcohol consumption, environmental pollution, and consumption of tobacco. These conditions without proper treatment on time, can lead to the formation of scars.
Various other skin problems such as, acne, burns, post-surgical marks, and stretch marks due to pregnancy or changes in body weight can also lead to scar formation. However, side effects of scar treatment products and therapies and high cost associated with scar treatment are some of the key factors restraining the growth of global scar treatment market.
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There has been increasing popularity of various organic scar treatment products available in the market, thereby leading to additional opportunity being created for the manufacturers of scar treatment products. The different organic products available in the market are rosehip oil, olive oil, lemon extracts, apple cider vinegar, essential oils, and organic scar treatment creams.
These products are non-toxic, inexpensive, and promote natural healing of scars. These products are cost effective, easy to use, and have very few side effects.
Some of the organic scar treatment products offered by various companies are blemish gel, virgin cold pressed rose hip oil, peppermint, tea tree, eucalyptus face wash, and manuka face cream. These organic scar treatment products with minimum side-effects are expected to create considerable revenue generation opportunities for the scar treatment products manufacturers.
Key player in the scar treatment market are collaborating and acquiring other players to offer more advance solutions for scar treatment. In March 2017, Valeant Pharmaceutical International, Inc.
announced the sale of its AcneFree, AMBI and CeraVe skincare brands to L’Oréal for $1.3 billion in cash. The transaction is expected to help the company to repay term loan debt under its senior credit facility.
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Some of the other key players in the global scar treatment market are Smith & Nephew Plc, Syneron Medical Ltd., Mölnlycke Health Care AB, Shanghai Fosun Pharmaceutical (Group) Co. Ltd., Beijing Toplaser Technology Company Ltd., Merz GMBH & Co KGAA, Valeant Pharmaceuticals International Inc., Pacific World Corporation, Avita Medical Ltd.
Enaltus LLC, Sonoma Pharmaceuticals Inc., CCA Industries Inc., Scarguard Labs LLC, Quantum Health, Hologic Inc.
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