Scar Treatment Market In-Depth Analysis 2017-2025

Global Market Study on Scar Treatment: Topical Product Type to
Remain Dominant Through 2025
Persistence Market Research (PMR) delivers key insights and presents a revised
forecast of the global scar treatment market for an eight year period from 2017
to 2025 in the report titled “Scar Treatment Market: Global Industry Analysis
2012–2016 and Forecast 2017–2025.” The revision in the market size and
forecasts have been carried out taking into account the impact of various
macroeconomic indicators and other industry-based demand-driving factors, as
well as the recent developments of key market participants. The global scar
treatment market is projected to expand at a healthy CAGR of 3.9 % in terms of
value during the forecast period, revised from the previous CAGR of 3.8%, due
to factors regarding which PMR offers useful insights in detail in this report.
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Key Market Dynamics
The prime drivers for the market include availability of attractive
reimbursement facilities in developed markets and rising incidences of atrophic
scars (primarily acne) in developing markets, primarily due to rapidly changing
food habits and lifestyles. Furthermore, growing adoption of combination
therapeutics is another factor expected to drive demand for various
combinations of scar treatment product and treatments over the forecast period.
Currently, there are no formalized guidelines for treatment of scars. All
treatments are done on a best-effort basis, guided mostly through word-ofmouth by expert clinicians and surgeons. However, efforts are underway to
formalize treatment guidelines at least for common scars. In this regard, under
the U.K. government’s cosmetic intervention guidelines, patient and patient
parties need access to independent and evidence-based information to form
their decisions. Many of these scar treatment and aesthetic beautification
procedures are considered similar to ‘consumer goods’ by both the purchaser
and provider. A change in this perspective could help boost manufacturers and
service provider’s potential revenue base.
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Barriers to the market include fragmented documented clinical evidences for
popular topical products such as onion extract gels (containing silicone). This
hampers the product uptake by the educated section of the patient base in both
developed and developing countries. Other barriers include psychological
issues such as fear of side-effects and consideration of scar treatment as a nonnecessary expenditure item in the overall consumption basket. Even some of the
well-known regulatory agencies do not accept scar treatments as medically
necessary as they mostly are not life-changing in nature.
Market Segmentation & Forecast
In the report, the global scar treatment market is analyzed based on producttype, scar type, end-user (distribution channel), and region. Based on product
type, the overall market has been segmented into topical products, laser
products, surface treatment products, and injectable products. The topical
product segment is further segmented into creams, gels, oils, and silicone gel
sheets. The laser segment has been sub-segmented into CO2, excimer, and
pulse-dyed lasers. Based on scar type, the market has been sub-segmented into
atrophic scars, hypertrophic scars and keloids, contractures, and stretch marks.
The distribution channels or end-users in the market include hospitals, private
clinics, pharmacies and retail drug stores, and e-commerce. The market has
been analyzed in terms of value. In the overall market, topical products and
atrophic scars are the prime segments driving revenue growth currently.
Accordingly, the topical product type segment is expected to reach a value of
473.8 Mn by the end of 2025, registering a moderate CAGR over the forecast
period.
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Regional Forecast
Based on region, the market has been divided into North America, Latin
America, Europe, Asia Pacific, and the MEA. Developed pharmaceutical
markets such as the U.S. and EU are expected to emerge as the main markets
for scar treatment products over the forecast period, while markets in Brazil and
Central Asia are expected to witness growing adoption of laser treatments due
to booming medical tourism and aesthetic corrective procedures in these
regions. Increasing involvement of patients in treatment formulation processes
is an important attribute being adopted by reputed physicians as it could lead to
a marked improvement in adherence levels of prescribed treatments and
increase treatment effectiveness. This report assesses the market trends, by
product, scar type, end user and region, to offer analytical insights about the
potential emerging demand for particular scar treatments in specific regions.
North America is estimated to dominate the scar treatment market over the
forecast period, accounting for maximum revenue share of the overall market
by the end of 2015. Markets in Latin America and APAC region are estimated
to expand at the most significant CAGR over the forecast period.
Vendor Landscape
Key companies covered in this report include Smith & Nephew PLC, Merz
Inc., Enaltus LLC, Occulus Innovative Sciences Inc., CCA Industries Inc.,
Cynosure Inc, Avita Medical Limited, Lumenis, Syneron Medical Ltd.,
Nutramarks Inc., Mölnlycke Health Care, Pacific World Corporation, Valeant
Pharmaceuticals International Inc. and Shanghai Fosun Pharmaceuticals Ltd.
(AC. Alma Lasers). These companies are primarily focused on enhancing their
product portfolio through research and development and on the introduction of
innovative and cost-effective advanced manufacturing procedures in order to
gain higher market share and to strengthen their respective positions in the
global market.
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