Global Scar Treatment Market 2023-2030

Global Scar Treatment Market 2023-2030

Global Scar Treatment Market Size, Share & Trends Analysis Report Market by Product (Topical Products, Laser Products, Injectables, and Others), by Scar Type (Atrophic Scars, Hypertrophic & Keloid Scars, Contracture Scars, and Others), and by End-User (Hospitals, Clinics, and Retail Pharmacies/ E-Commerce) Forecast Period (2023-2030)

The global scar treatment market is anticipated to grow at a CAGR of 8.3% during the forecast period. Scars form as part of the body's healing process. The growing concern among people regarding their aesthetic appearance is one of the major factors driving the demand for scar treatment products in the market. An upsurge in the per capita spending along with the increased awareness regarding the scar treatment options is also estimated to propel the market growth during the forecast period.

Further, rising spending on cosmetic procedures is further promoting market development. Urbanization is leading to a modern lifestyle which has urged individuals to focus on physical appearance, thus more and more individuals are opting for various cosmetic products. An increasing obsession with physical appearance, rising disposable income, and the availability of technologically advanced & user-friendly products are the major factors that have played an imperative role in the increased spending on the scar treatment and hence spurred the growth of the market. Moreover, the availability of many over-the-counter drugs, a pipeline of drugs, regulations & guidelines for acne treatment, and favorable reimbursement scenario are also anticipated to fuel the market growth.

However, lack of awareness, higher cost of the R&D processes for the drug development, side effects associated with the medications, uncertainty of results & time-consuming process; lack of skilled dermatologists are some of the factors that are projected to hamper the market growth during the forecast period.

Segmental Outlook

The global scar treatment market is segmented based on product type, by scar type, and end-user. Based on product type, the market is segmented into topical products, laser products, injectables, and other. Based on scar type, the market is segmented into atrophic scars, hypertrophic & keloid scars, contracture scars, and other. Based on end-user, the market is segmented into hospitals, clinics, retail and pharmacies/ e-commerce.

Atrophic Scars Treatment Sub-Segment to Hold a Considerable Share of the Global Market

Atrophic scars are characterized by the sunken area, often visible as pitted skin. The exposure to inflammatory conditions for a long period, accident, surgery, and other genetic factors are the key attributes responsible for the atrophic scars. The gentle cleansing agents, moisturizers, and soaps, which are not harsh and irritant on the skin, but remove bacteria, dirt, and oil from the skin are the initial corrective measures for atrophic scars. The ice-pack scars represent 60-70% of atrophic scars, as stated by the report from AWD Supplies, which is one of the well-known companies providing scar treatment solutions.

New techniques such as triple steps acne scar revision are proving to be effective in treating atrophic scars. In addition, there is a growing trend of aesthetic procedures across developing and developed countries, as suggested by the ISAPS (International Society for Aesthetic Plastic Surgery) data in 2021. The relatively high awareness regarding this type of scar and its available treatment options is a key factor driving the growth of this market segment.

Regional outlooks

The global scar treatment market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, North America regional market to hold considerable share in the global scar treatment market. The regional market growth is attributed to the significant rise in the population with the age group, ranging between 18 and 64 years. As per the US Census Bureau in 2017, the total population in the US was 325.7 million, of which 62% was constituted by 18-64 age group people. This, in turn, is contributing to the increasing consciousness about physical appearance coupled with the demand for advanced treatment options for scars in the region.

Global Scar Treatment Market Growth by Region 2023-2030

Source: OMR Analysis

The Asia-Pacific Region to Exhibit the Fastest CAGR in the Global Scar Treatment Market

Among all the regions, the Asia-Pacific region is expected to hold a considerable share of the global scar treatment market. The high incidence of road accidents in countries such as India & China has created demand for scar treatment; which in turn driving the regional market growth. An upsurge in the per capita spending along with the increased awareness regarding the scar treatment options is also estimated to propel the regional market growth during the forecast period.

Market Players Outlook

The major companies serving the global scar treatment market include Bausch Health Co. Inc., Smith & Nephew plc, Merz, Inc., Alliance Pharma, and Boston Scientific Corporation (Lumenis) among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in April 2022, HRA introduced the Mederma Scar-Care brand to the UK. Customers in the UK can now purchase three Mederma scar-care products from Amazon and Superdrug.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global scar treatment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.