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Global scar treatment market to reach $25.72 billion by 2021

Global scar treatment market to reach $25.72 billion by 2021

The Global Scar treatment market has been estimated at USD 15.8 billion in 2016 and is projected to reach USD 25.72 billion by 2021, at a CAGR of 10.24% during the forecast period from 2016 to 2021.

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Scar treatment is a procedure that is used to minimize the scars in a way that they look more consistent with the surrounding skin tone and texture.

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Scars are observable signs that persevere after a wound heals. They are inevitable results of wound or surgery, and their growth is unpredictable.

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Scars may be different in colour or texture from the surrounding healthy tissue, elevated or dipped, or particularly clear due to their size, shape, or location.

Increasing incidence of skin diseases and, subsequently, scars, will drive the global scar treatment market in the coming years. Additionally, technological advancements in scar treatment and growing appearance consciousness among consumers are also driving growth of the market.

Side effects associated with scar treatment and high cost of treatment are restraining the market growth.

The global scar treatment market is mainly segmented based on type of treatment into Topical treatment, Surface Treatment, Laser Treatment, Injectable Treatment and Invasive Surgical Treatment. Topical treatment is further segmented into creams, oils, gels and gel sheets.

Surface treatment can be sub segmented into Dermabrasion, Chemical Peeling and Cryosurgery. Injectable treatment can be divided into tissue fillers and steroid injections.

Based on scar type the market is bifurcated into Keloid and Hypertrophic Scars, Contracture Scars, Acne scars, Stretch scars and post-surgical scars. Basis on end users the market is segmented into hospitals, private clinics, pharmacies & drug stores and E-Commerce.

Acne scars are the most common; their treatment involves antibiotic treatment or laser solutions.

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Based on geography, the market has been segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East and Africa. North America accounts for almost one third of the market share and dominates the market.

Latin America is expected to witness fastest growth with highest CAGR. Currently there is economic downturn in the European region but a healthy growth is expected in the forecast period.

Major players dominating the scar treatment market are Occulus Innovative Sciences Inc., Smith & Nephew PLC, Nutramarks Inc., Merz Inc., Enaltus LLC, CCA Industries Inc., Cynosure IncLumenis, Syneron Medical Ltd., Mölnlycke Health Care, Avita Medical Limited, Pacific World Corporation, Shanghai Fosun Pharmaceuticals Ltd. (AC. Alma Lasers), Valeant Pharmaceuticals International Inc.,  and Beijing Toplaser Technology Company Limited.

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