Scar Removal Treatment Market Outlook:
Scar removal refers to the treatments to minimize the appearance of a scar caused by an injury, burn, wound, or surgery. Although scarring is a natural process occurring during a healing process of a wound/injury, it can affect a person’s appearance, personality, further making the person vulnerable to lose self-confidence. Depending on the appearance of scars, there are many treatments available in the market alongside the tailored treatment programs, suiting to the person’s health, budget and the medical conditions.
Acknowledging the enormous growth, the market perceives currently; Market Research Future (MRFR) in its recently published study report asserts that the global Scar removal treatment Market would register an increase of USD 15 BN by 2022 registering an impressive CAGR throughout the forecast period (2017 to 2022).
Scar Removal Treatment Market– Competitive Analysis
Highly competitive scar removal market appears heavily fragmented with the presence of many well-established and small players. Innovation, Partnership, new technology launch, M&A, and Brand reinforcement remain the popular trends for these key players. The landscape of the scar market presages the probable heights the market can reach further.
Major Players
Key players leading the global scar removal market include,
- Asclepion Laser Technologies GmbH
- Avita Medical
- Absolute MS (S) Pte Ltd.
- Cynosure Inc.
- Enaltus LLC.
- Biodermis
- com
- Scarguard Labs LLC
- Merz Pharma
- TorquePharma
- WONTECH
- Suneva Medical Inc.
- and Z-Roc Dermatology among others.
Industry/Innovations/Related News:
March 12, 2019 —- Sensus Healthcare, Inc. (the US), a medical device company announced the launch of SRT University which is an online portal to support physicians using Sensus devices and technology. SRT-100+ (Superficial Radiation Therapy) is a new technology that helps to treat patients with keloids in the most effective, non-invasive and painless way possible.
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Additionally, factors contributing the market growth include the growing population and rapid urbanization. Simultaneously, improving economic conditions, worldwide provide impetus to the growth of the market, increasing consumers’ purchasing power. People are increasingly becoming aware of body aesthetics, and are spending huge money on for the removal of scars through cosmetic procedures and other skin rejuvenation treatments.
Advancements in technologies transpired in the field have offered many innovative procedures, techniques & treatments such as cosmetic laser procedures & laser scar removal, etc. Although Laser Scar removal has garnered more popularity among the aesthetics community, cosmetic laser procedures are profitable too.
Scar Removal Treatment Market– Segmentations
For ease of understanding, the MRFR analysis has been segmented into four key dynamics: –
By Treatment Type : Surgical Method, Topical Creams, Laser Treatment, and Injectable among others.
By Application : Keloid Scars, Contracture Scars, Hypertrophic Scars, and Acne Scars among others.
By End-users : Hospitals & Laser Centers and Dermatology Clinics among others.
By Regions : North America, Asia Pacific, Europe, and the Rest-of-the-World.
Study objectives of Scar Removal Treatment Market:
- To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the scar removal treatment market
- To provide insights about factors affecting the market growth
- To analyze the scar removal treatment market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific, and Middle East & Africa.
- To provide country level analysis of the market with respect to the current market size and future prospective.
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Scar Removal Treatment Market– Geographical Analysis
The North American region, heading with the presence of numerous facilities and availability of treatments dominates the global scar removal market. The market in the US backed by the high expenditure on healthcare, and the increasing demand for scar removal treatments significantly contributes to the regional market. Continuing with these trends, the scar removal market in North America is expected to create a larger revenue pocket over the forecast period.
The scar removal market in the European region accounts for the second-largest market, globally. Factors such as the recent advancements in laser technology alongside the augmenting uptake of the laser technology in the European countries drive the scar removal treatment market in the region.
The Asia Pacific scar removal market has emerged as a profitable market, globally. Vast advancements in related technologies mainly in countries like China, India, and Japan drive the scar removal market in the APAC region. Backed by the increasing adoption of laser therapy for scar removal, the APAC market is expected to register a phenomenal CAGR throughout the forecast period.
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SRT works so well because it accentuates on the underlying cause of Keloids. This novel technology injures those cells and prevents them from laying down further collagen. The new online portal provides physicians and their staff access to Sensus’ depository of information related to superficial radiation therapy and intraoperative radiotherapy (IORT).
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