Global Scar Treatment Market: Snapshot
Growing awareness among people regarding their appearance is a key factor fuelling growth of the scar treatment market. Presence of scars are impacting on day-to-day life of people suffering from the acne problem. Thus, demand for the scar treatment market is rising and likely to propel growth of the global scar treatment market. Additionally, acne scars are common problem in women which can make them uncomfortable and expected to boost demand for scar treatment products which is likely to propel growth of the global scar treatment market.
Rise in number of accidents such as burns and road accidents are leading to occurrence of some serious injuries. These injuries leaves scars on body which require surgical treatments. Hence, patients have undergone the treatments which provided topical products in order to reduce scars on the body. Additionally, cosmetic surgeries carried with laser instruments are used in the treatment of injuries from accidents. In order to reduce effects of the scars on daily life of the victim, the patients are adopting the plastic surgeries or resurfacing laser therapies. According to the report by TMR, the global scar treatment market was valued at around US$ 14,723.2 mn in 2017 and is expected to expand at a CAGR of around 8.2% from 2018 to 2026 to attain value of US$ 29,592.1 mn by the end of 2026.
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High Prevalence of Scars to be Beneficial for Growth
On the basis of treatment type, the global scar treatment market is segmented into topical products, laser treatment, and injectables. Topical products type segment is classified in to creams, silicone sheets, gels, and others. Laser treatment type segment is classified in to pulsed dye laser, CO2 Lasers, and excimer laser. Of these, the topical products segment dominated the global market for scar treatment in 2017. This segment is expected to expand with impressive growth rate over the forecast period owing to the growing inclination toward combination drugs therapy.