The scar treatment market is estimated to be valued at US$ 12,020.5 Mn in 2023 and is expected to exhibit a CAGR of 4.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The scar treatment market involves products that are used to treat various types of scars including hypertrophic scars, keloid scars, and acne scars. These products include topical scar gels, creams, patches, laser and pulsed light therapies, surface treatment, and injectables. Topical scar gels and creams contain retinoids, silicone, vitamin E and C, and other components to reduce appearance and thickness of scars. Laser and pulsed light therapies use different wavelengths of light along with heat application to gently resurface the top layer of the skin and improve the texture and color of scars.
Market Dynamics:
Increasing prevalence of road accidents, trauma injuries and surgical interventions are major factors driving growth of the global scar treatment market. According to the World Health Organization, over 1.35 million people die each year as a result of road traffic crashes worldwide. Road traffic injuries cause considerable physical and psychological suffering and have enormous economic consequences. Majority of these road accidents cause cuts, lacerations and other types of wounds leading to scarring. Hence, increasing road accidents are expected to augment demand for scar treatments. Furthermore, rapidly expanding skincare industry worldwide is fueling adoption of various scar treatment products. However, high costs associated with products involving laser and injectable therapies may restrain market growth.
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