Preliminary research of Fairfield Market Research indicates a promising growth outlook for global scar treatment market during the course of next few years.
Rapidly Increasing Cases of Atrophic Scars to Fuel Scar Treatment Market Growth
For a raised scar or keloid, dermatologists may recommend one or more of the following treatments to reduce (or completely flatten) a raised scar or keloid, ease symptoms of itch and pain. Pressure therapy, silicone gel (sheet or ointment), polyurethane dressing, lasers, and other light treatments (becoming the go-to treatment for all types of scars), corticosteroid injections, 5-FU or bleomycin injections, cryosurgery (freezes the scar, which slowly destroys the scar tissue), scar surgery, radiation, and other treatments: non-prescription scar treatments that contain ingredients such as onion extract, vitamin A, and vitamin E. The recessed area is frequently discernible as pitted skin is the primary characteristic of atrophic scars. Atrophic scars primarily drive the growth of scar treatment market. These scars in the skin can be caused by various things, including long-term exposure to inflammatory diseases, accidents, surgeries, or other genetic factors.
One of the early corrective procedures included gentle cleansing agents, moisturizers, and soaps to eliminate bacteria, debris, and oil from the skin without being harsh or irritating. 60 to 70 percent of atrophic scars are ice-pack scars. Compared to other skin disorders, atrophic scars are widespread; roughly 80% of adolescents have some degree of atrophic scarring. The general level of knowledge about this scar form is relatively high. Another significant factor driving scar treatment market forward is the increase in the number of road accidents. Around 50 million individuals are injured each year in traffic accidents, according to the Population Reference Bureau, which frequently results in scarring and necessitates surgical intervention. Additionally, people who undergo such procedures experience surgical scarring and are given topical medications to lessen and conceal it. Consequently, the demand for topical scar therapy solutions is anticipated to increase due to the rising number of traffic accidents, and aesthetic procedures.
Benefits of Topical Medicines Remain Sought-after in Global Scar Treatment Market
The topical is expected to be the fastest-growing segment of the scar treatment market over the forecast period. Topical gels, creams, and silicone sheets can be used as a scar treatment because they are sold as over the counter (OTC) goods. Topical medications are applied directly to the skin's surface. Creams, gels, silicone sheets, and other items are divided into different categories. These goods are regularly purchased because they are freely accessible to customers as OTC goods. Additionally, using these items for therapy eliminates the need for patients to see doctors for medicine, making it a more straightforward alternative and increasing the demand for these products. Other topical products include elastic bandages, oils, sprays, ointments, and pressure garments. To treat scars, pressure garments apply pressure to the scar location. These do not require surgery and are simple to use at home without a doctor's help. However, these topical medicines are less effective and must be used consistently for six to twelve months to show results, which could impede the segment's growth over the projection period.
North America’s Scar Treatment Market Thrives on the Back of Consistently Growing Number of Road Accidents
North America’s scar treatment market is expected to grow at the fastest rate throughout the forecast period. Road accidents are prevalent in North America. In such accidents, many people pass away, and many others suffer severe injuries that leave scars as a natural part of the healing process. The Insurance Institute for Highway Safety (IIHS) and Highway Loss Data Institute (HLDI) predict 34,247 motor vehicle collisions in the US in 2017, resulting in approximately 37,133 fatalities. Numerous scar therapy products are covered by insurance in North America. A product submission differs depending on the types of scars and available treatments specified for the insurance codes. However, because laser therapy is seen as a cosmetic operation, most insurance companies do not pay the cost of the procedure. Cosmetic dermatology procedures include several famous scar-removal excites, skin needling, and soft tissue augmentation fillers. According to data from the Highway Loss Data Institute (HLDI) and Insurance Institute for Highway Safety (IIHS), there were 34,247 car accidents in the US in 2017, accounting for around 37,133 fatalities.
The nation’s high disposable income, which encourages increased expenditure on personal care items, is another element fostering scar treatment market expansion. Additionally, the nation's population's awareness of personal appearance has increased the use of advanced scar treatment solutions. Additionally, the United States has a big market for sophisticated laser devices for scar treatment. In 2020, the U.S. held North America's biggest and most significant share. The American Burn Association (ABA) estimates that 486,000 burn cases occur yearly. In the United States, government reimbursement regulations support scar therapy resulting from burn injuries. Before a healthcare provider provides a Letter of Medical Necessity, scar therapy for acne may not be covered. Another significant factor influencing the American market is rising patient healthcare expenditures. The elements above will likely result in good growth for the scar treatment industry in the United States.
Global Scar Treatment Market: Competitive Landscape
For healthcare professionals in the United States, Bausch Health Companies Inc.'s dermatology division introduced ARAZLO (tazarotene) lotion (0.045 percent) in June 2020. The item received USFDA approval in December 2019. creation aids patients treat various forms of acne, such as pimples, white, and blackheads. On the other side, Dermatix, a division of A. Menarini Singapore Pte. Ltd. introduced its Dermatix Acne Scar cream in July 2019. It uses exfoliation to treat acne scars. It contains vitamin B3, antioxidants, and alpha hydroxy acids (AHAs), which target specific acne side effects like scars and dark spots.
Some prominent players in scar treatment market include Avita Medical Limited, Cynosure, Inc., Mölnlycke Health Care AB, hra pharma, Sientra, Inc., Polytech Health & Aesthetics GmbH, Bausch Health Companies Inc., Sisram Inc., and Smith and Nephew plc.
Regional Classification of Global Scar Treatment Market Can be Given as Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability.
Key Elements Included In The Study: Global Scar Treatment Market
Post Sale Support, Research Updates & Offerings
We value the trust shown by our customers in Fairfield Market Research. We support our clients through our post sale support, research updates and offerings.
Considering the volatility of business today, traditional approaches to strategizing a game plan can be unfruitful if not detrimental. True ambiguity is no way to determine a forecast. A myriad of predetermined factors must be accounted for such as the degree of risk involved, the magnitude of circumstances, as well as conditions or consequences that are not known or unpredictable. To circumvent binary views that cast uncertainty, the application of market research intelligence to strategically posture, move, and enable actionable outcomes is necessary.View Methodology