- Press Release
- China Scar Treatment Market to Surpass US$ 5,317.7 Million by 2027
China Scar Treatment Market to Surpass US$ 5,317.7 Million by 2027 - Coherent Market Insights
Published On : Dec 17, 2019
Burn injury or other trauma condition, including surgery can lead to a scar. Several factors impact the appearance and treatment of scar after an injury. Topical Scar Treatment, Laser Treatment, and Invasive Surgical Treatment are some of the options for scar tenement.
China scar treatment market is estimated to account for US$ 2,422.5 Mn in terms of value by the end of 2019.
China Scar Treatment Market: Drivers
Increasing aesthetic appeal among the populace in China is expected to boost growth of China scar treatment market. Moreover, increasing product launch and assessment is also expected to boost growth of the market over the forecast period. For instance, in June 2019, AVITA Medical, a regenerative medicine company, announced new preliminary RECELL Autologous Cell Harvesting Device (RECELL System) data at the 24th annual World Congress of Dermatology Meeting. The RECELL system is used in the treatment of vitiligo and facial acne scars.
China Scar Treatment Market: Opportunities
Increasing R&D in skin defect reconstruction is expected to offer lucrative growth opportunities for market players over the forecast period. For instance, in August 2019, researchers from Naval Medical University, China, reported that use of minced split-thickness skin grafts with Pelnac as an overlay can be effective in reconstruction of full-thickness skin defects.
China Scar Treatment Market: Restraints
Stringent regulations in China are expected to hamper growth of the market. China has complicated and stringent regulatory requirements. It requires over 18 months to gain market access in the country.
Key Takeaways:
The Aesthetic Lasers segment in the China scar treatment market was valued at US$ 1,119.8 Mn in 2018 and is expected to reach US$ 2,717.3 Mn by 2027 at a CAGR of 10.4% during the forecast period. The growth of the segment is attributed to increasing number of aesthetic surgical procedures in the country
The laser treatment segment held dominant position in China scar treatment market in 2018, accounting for 45% share in terms of volume, followed by topical treatment and invasive surgical treatment, respectively. The growth of the segment is attributed to increasing demand for non-invasive surgical procedures.
Market Trends
The demand for over-the-counter cosmetic laser and light devices has increased in the recent past. These home use devices use various technologies such as intense pulsed light (IPL) and light-emitting diodes (LED).
Cosmetic or plastic surgery and other scar treatment and related products are available at a very affordable price in China. This can be attributed to high competitiveness among market players.
Regulations
The market is regulated by China’s Good Manufacturing Practices and FDA.
China Scar Treatment Market: Competitive Landscape
Major players operating in China scar treatment market include, Cynosure, Inc., Syneron Medical Ltd., Mölnlycke Health Care, Ostar Beauty Sci-Tech Co., Ltd., Shanghai Fosun Pharmaceutical Co. Ltd., Beijing Toplaser Technology Co., Ltd., Merz Pharma, and Luca Pharmaceuticals.
Key Developments
Key players in the market are focused on adopting inorganic growth strategies to expand their product portfolio. For instance, in November 2019, AVITA Medical collaborated with the Gates Center for Regenerative Medicine at the University Of Colorado School Of Medicine to establish proof-of-concept and explore further development of a spray-on treatment of genetically modified cells for patients with epidermolysis bullosa (EB) and other genetic skin disorders.
In December 2019, Janssen Biotech, Inc. entered a definitive agreement to acquire all rights to the investigational compound bermekimab – an anti-IL-1alpha monoclonal antibody for the treatment of atopic dermatitis and hidradenitis suppurativa— from XBiotech Inc.
Segmentation
“*” marked represents similar segmentation in other categories in the respective section.
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