Scar treatment: Key market research findings
- APAC dominated the market geographically
- Scar treatment products accounted for a majority share of the market’s revenue
- Key vendors – Avita Medical, CCA Industries, Enaltus, Oculus Innovative Sciences, and Pacific World
Technavio’s market research analysts predict the global scar treatment market to grow at a CAGR of more than 10% between 2016 and 2020. The growth of this market is augmented by the approval of the dermal filler treatment by the FDA. Bellafill by Suneva Medical has been approved for use in the treatment of acne scars and has provided numerous opportunities for market expansion. Bellafill is currently the only approved filler for treating disfiguring skin conditions. The filler adds skin volume and aids in the treatment of atrophic scars and distensible acne scars. Bellafill can be administered in a short duration of time and can be performed as an in-office process. During 2015, APAC accounted for more than 36% of the overall market revenue to dominate the global scar treatment market. Increased focus on advanced scar treatment during procedures coupled with growing awareness regarding different wound management technologies is expected to propel growth in the scar treatment market in APAC during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the scar treatment segments based on the type of treatment.
“Recently, there has been an increase in the demand for silicone-based products in the market. Many silicone-based products such as ointments, creams, and gels are available for OTC sale. Vendors in the market are developing silicone-based products that are easy to apply and have shorter application durations. Silicone is being used as a skin-contacting surface or as a protective layer on orthotic garments (elastic bandages and splints) that are used to treat scars,” says Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research.
During 2015, the products segment dominated the global scar treatment market with by accounting for almost 61% of the overall market revenue. Various products such as creams, oils, gels, and sprays are available OTC for treating scars. These medications can be used without medical supervision and help to reduce associated conditions such as redness, pain, inflammation, and itching caused by scars. The easy availability of these products coupled with their affordable costs is increasing their adoption, resulting in the growth of the global scar treatment products market.
The key vendors in the global scar treatment market include Avita Medical, CCA Industries, Enaltus, Oculus Innovative Sciences, and Pacific World. The global scar treatment market is highly fragmented owing to the presence of numerous global and regional providers. Factors such as the greater emphasis on R&D for the production of cheaper OTC products and measures to increase the availability and visibility of products will impel the growth prospects of this market until the end of the predicted period.
A more detailed analysis is available in the Technavio report, Global Scar Treatment Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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