The Scar Treatment Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Scar Treatment Global Market Report 2024, The scar treatment market size has grown rapidly in recent years. It will grow from $21.88 billion in 2023 to $24.46 billion in 2024 at a compound annual growth rate (CAGR) of 11.8%. The growth in the historic period can be attributed to integration of minimally invasive procedures, market accessibility, advances in wound care, research and clinical trials, evolution of cosmetic surgery.
The scar treatment market size is expected to see rapid growth in the next few years. It will grow to $36.97 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%. The growth in the forecast period can be attributed to innovative topical treatments, regenerative medicine advancements, evolving cosmetic surgery techniques, personalized treatment approaches, minimally invasive procedures. Major trends in the forecast period include rising demand for aesthetic procedures, innovation in topical treatments, regenerative medicine, cosmetic surgery advancements, patient-centric approach.
The increasing number of road accidents is expected to propel the growth of the scar treatment market going forward. Road accidents refer to an incident involving at least one vehicle on a public road that results in at least one person being hurt or killed. Accidental burns, abrasions, scrapes, or cuts to the skin result in a natural healing and tissue replacement process that frequently leaves scars behind. The appearance of these scars can be significantly reduced with unique scar treatments that treat the damaged layers of skin and produce noticeable effects. For instance, in June 2022, according to a report shared by the RAC Foundation, a UK-based registered charity and transport policy organization, a recorded traffic collision resulted in an anticipated 1,558 fatalities in 2021. The expected number of killed or seriously injured (KSI) casualties was 27,450. Therefore, the increasing number of road accidents is driving the growth of the scar treatment market.
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The scar treatment market covered in this report is segmented –
1) By Scar Type: Atrophic Scars, Hypertrophic And Keloid Scars, Contracture Scars, Other Scar Types
2) By Treatment Type: Topical, Laser, Surface, Surgical, Injectable
3) By End User: Hospitals, Clinics, Pharmacies and Drug Store, E-commerce
Product innovations are a key trend gaining popularity in the scar treatment market. Major players operating in the scar treatment market are concentrating their efforts on creating innovative products and solutions to sustain their position in the market. For instance, in September 2021, SkinCeuticals Advanced Clinical Spa, a US-based company that discovers, develops and delivers cosmeceutical treatments, launched advanced scar control. Advanced scar control is intended to make recent scars look better and stop new scars from growing. The product is a silicone scar gel with a high concentration that has been clinically demonstrated to help minimize scar appearance. With its undetectable, non-sticky, and non-greasy texture, advanced scar control provides long-lasting protection for the best possible scar care. The product's formulation helps to hydrate the skin and maintain its natural barrier function, which helps to stop the formation of new scars.
The scar treatment market report table of contents includes:
1. Executive Summary
2. Scar Treatment Market Characteristics
3. Scar Treatment Market Trends And Strategies
4. Scar Treatment Market - Macro Economic Scenario
5. Global Scar Treatment Market Size and Growth
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31. Global Scar Treatment Market Competitive Benchmarking
32. Global Scar Treatment Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Scar Treatment Market
34. Scar Treatment Market Future Outlook and Potential Analysis
35. Appendix
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