The global scar treatment market size was worth USD 13.8 billion in 2015 which is anticipated to grow at a CAGR of more than 9.7% during the forecast period. Esthetic appearance among people is one of the major factors driving market growth. Scar treatment helps enhance the esthetic appeal of an individual through skin rejuvenating. Women are more concerned about esthetics, hence are expected to form the largest customer base for this market.
Another major factor contributing to the growth of this market is the rising number of road accidents. According to WHO, approximately 10 million people are injured in road accidents every year. This gives rise to high need for scar treatment products, such as topical products that help in reducing the scars effectively. Road accidents also increase the need for cosmetic surgical treatments, which in turn leads to high demand for laser instruments.
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Rising incidence of burn injuries also supports the growth of this market. Burn injuries contort the appearance of the victim, leaving noticeable hypertrophic burn marks. People with high disposable income, often go for surgical treatment to get rid of such marks. Thus, scar removal products help in treating burn injuries.
Technological advancement, such as laser therapy is also accelerating the growth of this market. For instance, Cynosure came up with MedLite C6, a Q-switched laser device, which is used for treating acne and other skin diseases. These laser devices help in treating the marks by destroying the scar tissue. Reconstructive and plastic surgery is also considered as a part of the surgical laser treatment procedure, which has further expanded the market growth.
Product Insights
Based on product, topical products held the largest market share in 2016 and are expected to witness an attractive growth over the forecast period. It is due to the easy availability of these products Over-the-Counter (OTC), for instance, topical creams, gels and oils. Due to this reason, topical products are greatly used as a treatment for scars.
Laser products are expected to witness a lucrative growth over the forecast period. This is due to the fact that non-invasive therapy facilitates less pain and discomfort. Laser-based cosmetic surgeries are also increasingly preferred by the patients who are experiencing stretch marks, acne and keloid.
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