The global scar treatment market for the historical period 2017–2018 and forecast period 2019–2027, rise in prevalence of chronic disorders, aging population, technological advancements, entry of new players, and increase in access to health care are projected to drive the global scar treatment market.
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According to the report, the global scar treatment market was valued at US$ 15.08 Bn in 2018 and is projected to expand at a CAGR of 8.3% from 2019 to 2030.
Favorable reimbursement policies and increase in demand of scar treatment products: Key Drivers
Rise in favorable reimbursement policies for the treatment of various scar conditions is fueling demand for scar treatment in the U.S. Additionally, reimbursement for burns, trauma, and post-operative surgical procedures is a major factor contributing to the scar treatment market in the country. Moreover, the U.S. Government is undertaking various favorable initiatives to accelerate the market by funding various manufacturers of scar treatment products.
Key opinion leaders have noted that absence of international apex organizations and data collection systems are creating a vacuum in terms of estimating the size of the scar management market. However, exchange of ideas and incidence cases by experts are likely to contribute toward formation of new treatment possibilities and greater penetration of scar treatment products and services in the scar treatment market.
Focus on Geographic Expansion
Companies in the global scar treatment market are undergoing strategic acquisitions which enable product distribution in various regions and also strengthen their global presence. Rise in demand for technology-driven solutions, economic growth, and increase in awareness about chronic disorders present significant opportunities for players operating in the global scar treatment market.
Distributors of scar treatment products are reducing prices to gain a competitive edge over in the market. Pricing strategies are often combined with inexpensive means of product distribution with greater visibility. This is driving the online media as an effective advertisement vehicle. Various social media platforms, blogs, and social discussion websites act as a suitable medium for posting opinionated reviews of products and rating their popularity measures. This leads to an increase in penetration of Internet and e-commerce in the globally.
Companies such as Merz, Inc., Sonoma Pharmaceutical, Inc., and CCA Industries, Inc. are adopting various e-commerce marketing techniques to sell their products, especially topical products. The e-commerce companies provide topical products at discounted rate either through a coupon or through product bundling options. This strategy has increased consistent usage and purchase of scar treatment products by consumers. This, in turn, helps companies expand their market footprints worldwide.
Technology driven dependency and clinical efficacies to Hamper Market
The global scar treatment market is technology driven. Introduction of new technologies in the market increases the demand for these systems due to improved efficiency and outcomes. However, high cost of these new devices raises the affordability issue, which hampers the growth of the global scar treatment market, especially in the developing countries. Moreover, lack of reimbursement affects medical devices and products.
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Rise in adoption of topical products such as gels, creams, and oils is increasing in the scar treatment market in the U.S. However, experts fear that this trend is not likely to continue in the long-run. The prime reason is the lack of documented clinical effectiveness across all scar types. This factor is anticipated hamper market share and revenue growth of established products as consumers are becoming more aware about clinical efficacies of products and sustainability of treatment effectiveness.
Global Scar Treatment Market: Competitive Landscape
This report profiles major players in the global scar treatment market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
The global scar treatment market is fragmented, with the presence of a number of international as well as regional players.
Various players operating in the global scar treatment market are
- Valeant Pharmaceuticals International, Inc.
- Sonoma Pharmaceuticals
- Pacific World Corporation
- Merz Pharma
- Sientra, Inc
- CCA Industries, Inc etc
Key Questions Answered in Global Scar treatment Market Report
- What is the scope of growth of product companies in the global scar treatment market?
- What will be the Y-o-Y growth of the global scar treatment market between 2019 and 2027?
- What is the influence of changing trends in technologies on the global scar treatment market?
- Will North America continue to be the most profitable market for scar treatment providers?
- Which factors are anticipated to hamper the growth of the global scar treatment market during the forecast period?
- Which are the leading companies in the global scar treatment market?
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Global Scar treatment Market – Segmentation
- Atrophic & Acne Scars
- Hypertrophic Scars and Keloids
- Contracture Scars
- Others (Stretch Marks)
- Topical Products
- Laser Treatment
- CO2 Lasers
- Pulsed Dye Laser
- Excimer Laser
- Silicone Sheets
- Others (Sprays, Oils, etc.)
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
TABLE OF CONTENT
1.1. Report Scope and Market Segmentation
1.2. Research Highlights
2. Assumptions and Research Methodology
2.1. Assumptions and Acronyms Used
2.2. Research Methodology
3. Executive Summary
4. Market Overview
4.2. Market Definition
5. Market Dynamics
5.1. Drivers and Restraints Snapshot Analysis
6. The Global Scar Treatment Market Analysis and Forecast, 2019?2030
6.1. Market Revenue Projections
6.2. Global Scar Treatment Market Outlook
6.3. Pipeline Analysis
6.4. Key product/brand Analysis
7. Global Scar Treatment Market Analysis, by Treatment Type
7.2. Global Scar Treatment Market Value Share Analysis, by Treatment Type
7.3. Global Scar Treatment Market Forecast, by Treatment Type
7.3.1. Topical Products
7.3.2. Laser Treatment
7.4. Global Scar Treatment Market Analysis, by Treatment Type
7.5. Global Scar Treatment Market Attractiveness Analysis, by Treatment Type
8. Global Scar Treatment Market Analysis, by Scar Type
8.1. Key Findings
8.3. Global Scar Treatment Market Value Share Analysis, by Scar Type, 2018 and 2030
8.4. Global Scar Treatment Market Forecast, by Scar Type
8.4.1. Atrophic & Acne Scars
8.4.2. Hypertrophic Scars and Keloids
8.4.3. Contracture Scars
8.4.4. Others (Stretch Marks)
8.5. Global Scar Treatment Market Analysis, by Scar Type, 2018–2030
8.6. Global Scar Treatment Market Attractiveness Analysis, by Scar Type, 2018–2030
9. Global Scar Treatment Market Analysis, by Distribution Channel
9.1. Key Findings
9.3. Global Scar Treatment Market Value Share Analysis, by Distribution Channel
9.4. Global Scar Treatment Market Forecast, by Distribution Channel
9.4.1. Hospital Pharmacies
9.4.2. Retail Pharmacies
9.4.3. Online Pharmacies
9.5. Global Scar Treatment Market Analysis, by Distribution Channel
9.6. Global Scar Treatment Market Attractiveness Analysis, by Distribution Channel
10. Global Scar Treatment Market Analysis, by Region
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