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 treatment.
The global scar treatment market was estimated to account for US$ 10,390.6 Mn in terms of value by the end of 2019.
Global Scar Treatment Market: Drivers
Increasing number of accidents is expected to boost growth of global scar treatment market over the forecast period. For instance, according to the Ministry of Road Transport and Highways, Government of India, in 2018, the number of road accidents increased by 0.46% compared to 2017.
Global Scar Treatment Market: Opportunities
R&D in scar treatment is expected to offer lucrative growth opportunities for players in the global scar treatment market. For instance, in September 2018, researchers from Changhai Hospital affiliated to Navy Medical University, China, appraised, drafted, reviewed, and finalized a consensus to standardize and improve scar prevention and treatment in China. The consensus was published in journal Burns and Trauma of BMC.
Global Scar Treatment Market: Restraints
Lack of skilled professionals in the treatment of scars is expected to hamper growth of the global scar treatment market. Imparting improper training to the professional conducting the scar treatment may result in adverse or serious side effects.
The global scar treatment market was valued at US$ 10,390.6 Mn in 2019 and is forecast to reach a value of US$ 14,132.8 Mn by 2027 at a CAGR of 3.9% between 2020 and 2027. Increasing number of accidents is expected to boost growth of global scar treatment market over the forecast period.
Atrophic scars segment held dominant position in the global scar treatment market in 2019, accounting for 48.9% share in terms of value, increasing number of surgeries is expected assist the segment growth.
Major players in the global scar treatment market are focused on adopting collaboration 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.
Use of dermal fillers often leads to filler fatigue. For instance, according to a survey by The Harris Poll in 2018, around 8 million of the 9 million patients who have had dermal fillers, are experiencing filler fatigue.
China’s FDA lists regulations for topical applications under the Presidential order no: 45, control over drugs segment. The drug regulatory department under the State Council regulates drug administration in China.
Labelling requirements for topical applications:
Global Scar Treatment Market: Competitive Landscape
Major players operating in the global scar treatment market include, Smith & Nephew Inc., Merz Inc., Enaltus LLC, Oculus Innovative Sciences, Inc., CCA Industries, Cynosure, Inc., Janssen Biotech, Inc. Avita Medical, Lutronics, Luminus Inc., Syneron Medical Ltd., NutraMarks, Inc., Cynosure, Inc., Mölnlycke Health Care, Ostar Beauty Sci-Tech Co., Ltd., Shanghai Fosun Pharmaceutical Co. Ltd., Suneva Medical, Inc., Sonoma Pharmaceuticals, Inc., Beijing Toplaser Technology Co., Ltd., and Luca Pharmaceuticals.
Global Scar Treatment Market: Key Developments
Major players in the global scar treatment market are focused on adopting partnership strategies to expand their product portfolio. For instance, in January 2019, Suneva Medical, Inc. partnered with Healeon Medical, Inc. and Puregraft, LLC. in order to expand its product portfolio in regenerative aesthetics.
Major players in the market are also focused on launching new products to expand their product portfolio. For instance, in October 2018, Sonoma Pharmaceuticals, Inc. launched Ceramax Skin Barrier Lotion.
Scope of the report