Market Research Future (MRFR), The Global Scar Removal Treatment Market is Likely to Reach a Lucrative Valuation of USD 15 Billion By 2022 Due to The Growing Aesthetic Awareness Among People.
Market Overview
The Scar Removal Market is observed to grow at a rapid pace. The excessive exposure to pollution and harmful ultraviolet radiation is subsequently resulting in skin disorders like sunburns, vitiligo, eczema, psoriasis, and others that tend to leave marks with the changing lifestyle, the need for maintaining a presentable appearance is becoming crucial to enjoy a healthy social life. As scars hamper the aesthetic appeal of a person.
The surging number of people afflicted with such skin ailments is another factor that is anticipated to boost the scar removal treatment market growth. The growing number of accidents that can leave lousy scars can also bolster the scar removal market growth. Moreover, the safety of these cosmetic procedures and the growing willingness to take up any expenditure cost for scar removal treatment are causatives which are likely to escalate its market growth.
Competitive Analysis
MRFR enlisted prominent key players that are operating in the market are TorquePharma, Asclepion Laser Technologies GmbH, Merz Pharma, Cynosure Inc., Biodermis, Absolute MS (S) Pte Ltd., Avita Medical, Scarguard Labs, Z-Roc Dermatology, Enaltus LLC., Revitol.com, LLC, Suneva Medical, Inc., and WONTECH.
Market Segmentation
To derive a comprehensive understanding of the scar treatment market, the market has been segmented on the basis of application, treatment type, and end user.
Based on the application, the scar treatment market has been segmented into hypertrophic scars, keloid scars, contracture scars, acne scars, and others. The growing need for treatment of keloid scars is expected to amplify the scar removal market growth.
Based on the treatment type, the scar treatment market has been segmented into tropical, laser, surgical, and injectables. The tropical segment is anticipated to demonstrate a rapid growth over the forecast period due to its features like easy application, easy availability, and cost-effectiveness. Owing to the high degree of precision of laser treatment, the laser segment is anticipated to register an impressive CAGR during the forecast period.
Based on the end-use, scar treatment market has been segmented into dermatology clinics and hospitals.
Regional Analysis
Geographically, the scar removal treatment market has been segmented into North America, Europe, Asia Pacific, and Middle East Asia and Africa.
The scar removal market in North America that hold the largest share is expected to be at the forefront of the global market in the review period. The surging demand for scar removal treatment and hike in healthcare expenditure in the US are expected to bolster the regional scar removal treatment market.
Europe, after the lead, is expected to secure the second position in the global Scar Removal Treatment Market over the assessment period. The continuous technical upgradations of laser techniques is a major factor that is likely to bolster the regional market.
The increase in adoption of laser therapy in the Asia Pacific region is expected to impel the scar removal market over the evaluation period. The emerging economies like China, India, and Japan owing to technical advancements, are likely to register a lucrative CAGR for the regional scar removal market during the forecast period.
Industry News
June 2019: Masina Hospital in Mumbai, inaugurated three new departments and upgraded three more departments on receiving a donation of 4 Cr from the Rotary Club of Bombay. Its one department is entirely dedicated to plastic and cosmetic procedures of which scar removal treatment is a significant unit.
The report for scar removal treatment market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
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