Social media is taking over the world and has made consumers conscious of their physical appearance. With advancing technologies and treatments, people are seeking quick recovery of their scars. Scar management is an essential step toward the healing and recovery of the patient.
Scar treatment after surgery, burns, and other skin issues is achieved through different techniques and products. Various types of scars include atrophic scars, hypertrophic and keloid scars, contracture scars, and stretch marks.
According to the BIS Research market intelligence report, the global scar management market was valued at $1.04 billion in 2022 and is anticipated to reach $1.59 billion by 2030, witnessing a CAGR of 5.53% during the forecast period 2023-2030.
Regulatory advancements, ongoing research, and collaboration between industry leaders are contributing factors in the growth of the scar management market. With the growing awareness of scar management solutions, a huge customer base for the scar treatment market has been established, which includes those who are seeking effective and quick scar treatments. The growing healthcare spending around the world enables more people to explore scar management options, particularly driven by a heightened focus on aesthetic appearance.
Innovative scar treatment approaches, such as laser treatments (pulsed dye laser or fractional carbon dioxide laser), allogeneic cell therapy, and bioprinting of skin, are further leading to the expansion of the scar management market. Market entrants and industry players are joining forces to launch affordable and accessible technologies to advance scar treatment approaches.
The scar treatment market is segmented based on products, which include silicon gels and sprays, silicon dressings, creams and ointments, and other innovative laser treatments. Based on product type, the other segment dominated the global scar management market in FY2022. This dominance can be attributed to the popularity and effectiveness of laser treatments for scar management.
Moreover, home-use scar management products, such as creams and gels, are gaining popularity for their convenience and effectiveness. Natural and organic solutions with plant-based ingredients are becoming more appealing to health-conscious consumers.
Asia-Pacific is expected to register the highest CAGR of 7.14% during the forecast period 2023-2030. Moreover, China dominated the Asia-Pacific market in 2022 with a share of 37.09%. Japan accounted for the second largest share of 26.45% of the Asia-Pacific scar management market. Also, India is the fastest-growing market in the Asia-Pacific region, registering the highest CAGR of 10.97% during the forecast period 2023-2030.
The global scar management market is progressing at a rapid pace. Increasing awareness, technological advancements, the surge in cosmetic procedures, and the aging population's needs are factors set to fuel the market growth. Moreover, the scar treatment market benefits from globalization, consumer empowerment through information access, customization trends, collaborations between healthcare professionals, and a growing preference for sustainable scar management products.
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