Market Size of Global Scar Treatment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 9.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Scar Treatment Market Analysis
The scar treatment market is expected to register a CAGR of 9% over the forecast period.
The COVID-19 pandemic had a significant impact on the scar treatment market. During the pandemic, the e-commerce industry boomed drastically, and people started relying more on online purchases of aesthetic products. This helped the e-commerce end users of the scar treatment market to keep a good pace during the pandemic. However, hospitals and retail drug stores faced a huge decline in the overall sale of products concerned with scar treatment. In addition, due to the lockdown in major countries, travel declined during the pandemic, which resulted in a declining number of road accidents and associated scars. Therefore, it is observed that scar treatment procedures have seen a significant decline in their value during the COVID-19 pandemic. However, with the pandemic under control and all healthcare services restarted, it is expected that the market will gain momentum rapidly in the short term.
Moreover, the market is majorly driven by factors such as increasing road accidents and burn injuries and growing concerns of the general population about aesthetic appearance. For instance, according to a research study published in the March 2022 issue of the Journal of Family Medicine and Primary Care, about 1 million cases of moderate-to-severe burn injuries that require high-quality medical care are recorded every year in India. Similarly, according to a research study published in the Saudi Journal of Biological Research in August 2021, the first-degree burn prevalence was 12.8%, the second-degree burn prevalence was 71.1%, and the third-degree burn prevalence was 16.1%, and the most frequent causes, locations, and types of treatment were hot water injuries (36.1%), upper limbs (62.2%), and skin debridement, respectively. Hence, the growing burden of burn injuries is expected to propel the growth of the market over the forecast period.
Major companies in the global market provide unique products that are approved by the United States Food and Drug Administration. For instance, in April 2021, Pharmaxis, an Australian pharmaceutical research business, partnered with the University of Western Australia (UWA) to launch a world-first clinical trial to examine a cream to prevent scar formation after trauma, particularly burn injuries.
Other driving factors for the market studied include technological advancements in skincare and growing concerns regarding aesthetic appearance, especially in developed markets. However, the high cost of laser-based products is a major barrier to the scar treatment market.
