North America Stands as the Largest Scar Treatment Market
As per the findings of the research, the topical scar treatment is the largest type of scar treatment solution in the scar treatment market, primarily due to increasing availability of user friendly and non-invasive topical scar treatment solutions. In terms of the type of scars, post-surgical scar treatment was the largest contributor to the scar treatment industry, in 2016. Hospitals was the largest end user for the scar treatment, in 2016.
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Geographically, North America was the largest market scar treatment market in 2016 and is expected to contribute 40.5 % by 2023. This dominant position of the region is primarily attributable to high disposable income, which further increases spending on personal care products. Moreover, the increasing appearance consciousness among the population in the region has also led to a rise in the adoption of technologically advanced scar treatment products.
According to the AAD, approximately 85% of the population in the U.S. suffers from acne, every year. The growing awareness about various technologies, which can enhance physical appearance of an individual is driving the demand for advanced scar treatment products in the U.S. The Asian scar treatment market is expected to grow at a faster rate as compared to the other regions, owing to growing focus on personal well-being, increasing disposable income and rising prevalence of skin related problems in the region.
Silicon-based products, such as gels and gel sheets, are effective for reducing scars and are recommended by cosmetic surgeons and doctors, globally. These products provide effective results and help in fading away of the scars completely. They are very effective and are used widely for treating all type of scars, including stretch marks, hypertrophic, keloid, acne and post-surgical scars. These products also help in reduction of the size and darkness of the scars. Some of the silicone-based scar removal products available in market include Avosil Scar Care Ointment, Kelo-Cote, Xeragel, Kelo-cote spray, Avogel, Cimeosil, Oleeva, and ScarAway. Since these silicon-based products are more efficient in treating scars and offer advantages over conventional scar treatment products, this is expected to further accelerate the demand of silicon-based scar treatment products and drive the growth of the scar treatment market.
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Some of the key players in the 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.
Source: P&S Intelligence
