North America Study on Scar Treatment Market, 2016-2022 Persistence Market Research North America Scar Treatment Market Expected to Account for US$ 4,190.6 Mn by 2022: Persistence Market Research Persistence Market Research 1 North America Study on Scar Treatment Market, 2016-2022 Persistence Market Research Released New Market Report According to a new market report published by Persistence Market Research ‘North America Market Study on Scar Treatment: Rising incidence of Burn and Trauma cases and in increasing prevalence of Acne Cases is Expected to Drive Growth of the Scar Treatment Market Growth During the Forecast Period' Scars are visible marks that remain after a wound has healed and is normally composed of fibrous tissue. Scar revision is a surgical procedure used to remove or reduce scars. This procedure also helps to restore functions such as skin maturations and collagen production and corrects changes caused to the skin by wounds or even surgery. As estimated by American Society of Plastic Surgeons (ASPS), which is the largest plastic surgery specialty organization in the world, approximately 177,000 scar revision procedures were performed in the U.S. in 2014. The scar treatment market has been estimated to be valued at US$ 3,240.3 Mn in 2015, and US$ 4,190.6 Mn by 2022, registering a CAGR of 3.8% over the forecast period. The report analyses the North America scar treatment market in terms of market value (US$ Mn) on the basis of treatment, product type, distribution channel, and country. It also provides information regarding market dynamics, value chain, competitive landscape, current trends, market estimations, and forecast. North America is expected to be the dominant region in the global scar treatment market throughout the forecast period, driven by increasing number of trauma cases, burn-related surgeries etc. The market in the U.S. is currently dominant in terms of revenue contribution to the North America scar treatment market. Revenue from the scar treatment market in the U.S. has been estimated to increase from US$ 2,845.2 Mn in 2015 to US$ 3,691.5 Mn by 2022, registering a CAGR of 3.8% over the forecast period. Rising number of trauma and burn cases, increasing demand for minimally invasive surgeries coupled with effective scar treatment procedures such as laser treatment, rising awareness regarding personal care, and desire to remain beautiful are factors expected to boost the overall demand for scar treatment products in the North America scar treatment market in the near future. By treatment, the scar treatment market is segmented into topical treatment, laser treatment, surface treatment, and injections. Among these, the topical treatment segment is Persistence Market Research 2 North America Study on Scar Treatment Market, 2016-2022 expected to dominate the overall market by 2022, owing to ease of use, low price, lesser side effects associated with the treatment which includes skin rashes, hyperpigmentation and skin redness and easy availability. By product type, the scar treatment market is segmented into topical products, laser treatment products, surface treatment, and injectable. Topical product segment is further sub-segmented into gels, creams, oils, and sheets. The segment is projected to register above average growth rate over the forecast period. However, laser treatment product type segment is estimated to register highest CAGR of 5.0% in the North America scar treatment market over the forecast period. Request Sample Report: http://www.persistencemarketresearch.com/samples/9905 By distribution channel, scar treatment market is segmented into hospitals, clinics, pharmacies and drug stores, and e-Commerce. Among these, hospitals segment is expected to remain the attractive, and is estimated to account for 37.8% share of the North America market value by 2016 end, and further increase to 38.6% by 2022. View Detail Report With TOC: http://www.persistencemarketresearch.com/marketresearch/north-america-scar-treatment-market.asp Key market participants covered in the report include Smith & Nephew Inc., Merz Inc., Enaltus LLC., Oculus Innovative Sciences, Inc., CCA Industries, Cynosure, Inc., Avita Medical, LUTRONIC, Luminus Inc., Syneron Medical Ltd., and NutraMarks, Inc. Market History: An increasing number of burn cases, skin disorders, trauma injuries, and surgeries are leading to rising number of scar revision procedures in North America. It has been noted that majority of scar revision procedures conducted in related to acne scars. As estimated by the American Society of Plastic Surgeons, 177,000 scar revision procedures were performed in the U.S. in 2014. Scar treatment procedures such as topical treatment, laser treatment, surface treatment, and injections are used to minimize scars. Topical scar treatment is a Persistence Market Research 3 North America Study on Scar Treatment Market, 2016-2022 minimally invasive treatment, which includes the application of topical products such as gels, creams, oils, and sheets directly on the scars in order to reduce their appearance. Topical product segment accounted for the largest market share in North America scar treatment market in 2014. Laser scar treatment includes CO2 lasers, pulsed dye laser and excimer laser, or more precisely an exciplex laser, which helps remove unwanted or damaged skin in a very precise manner, one layer at a time. The scar treatment market in North America has been estimated to be valued at US$ 3,355.0 Mn in 2016, and the markets in the U.S. and Canada are projected to witness stable growth rates over the forecast period. This is attributed to technological innovations and increasing application of topical products by consumers in this region. The primary growth driver for the North America scar treatment market is increasing the prevalence of trauma and burn injuries and acne cases. It has been estimated that a large base of the population in North America suffer from acne scarring. According to the American Academy of Dermatology, acne is the most common skin condition in the U.S., affecting over 50 million Americans annually. Furthermore, rising awareness regarding personal care products, the wide availability of various minimally invasive treatments and increasing adoption of e-Commerce marketing techniques by manufacturers of scar treatment products is expected to create a favorable environment for the growth of the North America scar treatment market over the forecast period. Advancements in scar treatment products and treatment methods have led to the integration of innovative solutions in scar treatment. For example, the usage of dermal fillers (injections) in combination with laser treatment such as fractional non-ablative laser treatment and chemical peels, has been known to positively impact its effectiveness in treating acne scars. Rising overall healthcare expenditure is also expected to contribute to overall growth of the scar treatment market in the near future. Scars have an adverse impact on the appearance and in turn result in lowering the confidence of an afflicted individual. Healthcare costs associated with scar treatment among all age groups is increasing significantly across the North America. Persistence Market Research 4 North America Study on Scar Treatment Market, 2016-2022 Revenue from the market in North America is expected to expand at the highest CAGR during the forecast period. Increasing prevalence of trauma, burns, and other skin-related disorders, rising demand for minimally invasive scar revision procedures are factors expected to drive market growth in the region. However, rising adoption of e-Commerce marketing and increasing adoption of combination therapies tends to increase adoption of scar treatment therapies among patients and thus, leads to standardization of the market in the region. For example, for the treatment of acne scarring, involving chemical peeling (with trichloroacetic acid) followed by subcision (a process of separating acne scar from the underlying skin) and finally fractional laser irradiation, are widely accepted in the U.S. Also, rising awareness regarding personal care and increasing e-Commerce marketing is expected to drive market growth in the region. However, side effects such as hyperpigmentation, skin rashes and skin redness associated with scar treatment procedures and high cost per procedure are factors expected to moderately hamper the growth of the market in North America during the forecast period. The market in the U.S. accounted for the largest share of the North America scar treatment market, attributed to rising demand for minimally invasive surgical procedures and rising employability leading to increasing spending power in the country. High cost per procedure and lack of skilled professionals are also expected to affect the overall market for the scar treatment in the U.S. over the next few years. The market in Canada is expected to witness stable growth over the forecast period and is expected to evolve over time with increasing technological advancements and rising awareness through e-Commerce marketing techniques. Key market participants covered in the report include Smith & Nephew Inc., Merz Inc., Enaltus LLC., Oculus Innovative Sciences, Inc., CCA Industries, Cynosure, Inc., Avita Medical, LUTRONIC, Luminus Inc., Syneron Medical Ltd., and NutraMarks, Inc. Persistence Market Research 5 North America Study on Scar Treatment Market, 2016-2022 About Us: Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs. Contact Us: Persistence Market Research 305 Broadway 7th Floor, New York City, NY 10007, United States, USA - Canada Toll Free: 800-961-0353 Email: sales@persistencemarketresearch.com Web: http://www.persistencemarketresearch.com Persistence Market Research 6
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