-- The Global Scar Treatment market was valued at US$ 21.36 Bn in 2017 and is expected to expand at a CAGR of 10.1% from 2018 to 2024, reaching US$ 41.77 Bn by the end of the forecast period. According to the report, North America was the largest contributor in terms of revenue to the Global Scar Treatment market in 2017.
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Scar Treatment Market: Competitive Dynamics
The companies, such as Valeant Pharmaceuticals, Smith & Nephew PLC, Mölnlycke Health Care, Pacific World Corporation, Enaltus LLC, Oculus Innovative Sciences, Inc., Merz Pharmaceuticals, Revitol Corporation, Quantum, Scarguard Labs, and CCA Industries, are the major players offering scar treatment products
Scar Treatment Market Analysis:
The increasing appearance consciousness among consumers, due to exposure to media is driving the demand for scar treatment market.
According to the American Society of Plastic Surgeons, in 2012, about 14.6 million cosmetic plastic surgeries were carried out in the U.S., which increased by 5%, as compared to 2011. These surgeries were carried out for the improvement of physical appearance of individuals. According to American Society of Plastic Surgeons, in 2014, approximately 177,000 cases were reported for scar revision. The increasing number of surgeries for the improvement of physical appearance is expected to drive the demand of the scar treatment globally.
Scar Treatment Market Scope:
by Type of Treatment (Tropical Scar Treatment, Surface Scar Treatment, Laser Scar Treatment, Injectable Scar Treatment and Invasive Surgical Scar Treatment),
by Type of Scar (Post-Surgical Scar Treatment, Acne Scar Treatment, Contracture Scar Treatment, Stretch Marks Scar Treatment, and Keloid & Hypertrophic Scar Treatment),
by End User (Hospital Based Scar Treatment, Private Clinic Based Scar Treatment, Pharmacy & Drug Store Based Scar Treatment, E-Commerce Based Scar Treatment)
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The key drivers for the Global Scar Treatments Market are growth in aging population, growth in the number of surgeries and growth in road accidents. Furthermore, increased burn cases across the globe and growing incidence of chronic wounds isalso impacting the demand for the market. Aging people are more prone to chronic diseases, such as neurological disorders and cardiovascular diseases, cancer and diabetes, that leads to increasing demand of Scar Treatments. The prevalence of chronic diseases, such as stroke, respiratory diseases, heart diseases and cancer, is increasing due to changing lifestyle and insufficient preventive care. As per the Centers for Disease Control and Prevention (CDC), approximately 117 million people in the U.S. had one or more chronic health conditions in 2012. According to a report by WHO in 2016, approximately 1.25 million people die each year because of road traffic crashes, and approximately 20 to 50 million people suffer from non-fatal injuries. A variety of factors like radiation, electricity, heat chemicals and friction causes burns. These factors results in loss of tissue, skin and blood vessels and creates demand for Scar Treatments.
Regional Analysis:
Geographically, the global Scar Treatment market is bifurcated into North America, Asia Pacific, Europe and RoW. North America is a major contributor to the global market and is accelerated by the growth in the geriatric population in the region. Moreover, the cases of Obesity and diabetes also slower down the wound recovery period thus creating a demand for the Scar Treatments in this region. Also, the cases of road accidents in India and China boost this market in Asia Pacific among the other involved factors.
Report Benefits:
• Global and regional Scar Treatment Market forecasts from 2018 to 2023
• Identify Scar Treatment Market trends, challenges, and opportunities
• Identify leading service providers of Scar Treatment Market
• Analysis of Scar Treatment value chain, technology readiness, use cases, and services
• Know the full stack Scar Treatment vendor landscape including core technology and supporting technology.
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