Scar Treatment Market

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Global Scar Treatment Market, By Type of Treatment (Topical Scar Treatment, Surface Scar Treatment, Laser Scar Treatment, Injectable Scar Treatment, Invasive Surgical Scar Treatment), By Type of Scar (Post-Surgical Scar, Acne Scar, Contracture Scar, Stretch Marks Scar, Keloid, and Hypertrophic Scar), By Distribution Channel (Hospital, Private Clinic, Pharmacy & Drug Store, E-Commerce), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: September 2021
  • Report ID: BWC1846
  • Available Format: PDF
  • Page: 189

Report Overview

The factors driving the growth of global scar treatment market are increasing consciousness of customers towards their appearance and the growing prevalence of skin problems, such as inflammation, hyperpigmentation, etc., which causes scars.

Global Scar Treatment Market- Industry Trends & Forecast Report 2027

Global scar treatment market was worth USD 22.2 billion in 2020 and is further projected to reach USD 43.4 billion by the year 2027, growing at a CAGR of 10.1% in the forecast period. The market is driven by factors such as increasing awareness of customers regarding their appearance and the growing prevalence of skin problems such as inflammation, hyperpigmentation, etc., which causes scars. Furthermore, the availability of a wide range of products for various scar types and emerging online platforms is estimated to drive the global scar treatment market in the forecast period.

Source: BlueWeave Consulting

Global Scar Treatment Market- Overview

Body scars develop as a result of the body's healing processes when it repairs and regenerates tissues around the injured area. Scars are caused by several factors, including past skin injuries and underlying diseases, such as those you have suffered. Moreover, certain diseases such as chickenpox or smallpox, yaws, etc., also cause scars on the body. Different skin treatments and products are available in the market, such as laser treatments and topical treatments such as creams, oils, and gels.

Global Scar Treatment Market Forecast and Trends

Growth Drivers

Increasing Access to Laser Treatment

Due to an increase in disposable income and people's desire to improve their appearance and look, laser treatment is becoming more popular every day. According to a report, scar treatment is the seventh-highest number of laser treatments performed in the US, with 211,000 procedures performed in 2019 alone. Furthermore, countries such as South Korea, Japan, and China are emerging as hubs for low-cost laser treatment compared to their western counterparts. As a result, people are approaching these countries to receive scar laser treatment, which should drive market growth during the forecast period.

Growing Self-Treatment Methods

A high percentage of people with scars never visit a dermatologist to get their scars treated. Using topical scar treatments such as gels, oils, and creams, you can treat scars resulting from injuries such as road accidents or acne pigmentation. Therefore, the market is flooded with scar treatment methods of different brands, such as Mederma, ScarAway, Derma E, Honeydew, etc., for scars of various types. Furthermore, the easy availability of these scar treatment methods in local pharmacies and online stores is significantly driving the growth of the global scar treatment market.

Restraints

High Cost of Laser Scar Treatment

With surgical procedures on the rise, laser scar treatment demand is increasing proportionally. Aside from minimizing pain and itching, it is also helpful in reducing the appearance and the size of scars. However, laser scar treatment costs approximately USD 200 to USD 3,400, which is considered too expensive and is often not reimbursed. This acts as a major restraint for market growth. Moreover, the results of laser scar treatment are solely dependent on the surgeon’s skills performing the procedure. If they don’t have enough skills, the outcome may become dangerous.

Impact of COVID-19 on Global Scar Treatment Market

The unprecedented outbreak of the COVID-19 significantly impacted the global scar treatment market. The demand for scar treatment remedies witnessed a sudden drop following lockdown in countries due to the shift towards organic and home remedies during the quarantine period to prevent side effects of artificial products. Additionally, the number of accidents declined due to the nationwide lockdown imposed by different countries. Various invasive surgeries performed also declined, which negatively affected scar treatment demand. The distribution channels also influenced the market. However, the emergence of e-commerce platforms and the increasing prevalence of doorstep deliveries sustained the market during COVID-19.

Global Scar Treatment Market - By Type of Treatment

Based on the type of treatment, the global scar treatment market is segmented into topical scar treatment, surface scar treatment, laser scar treatment, injectable scar treatment, and invasive surgical scar treatment. Among these, the tropical scar treatment segment accounts for the largest market share. This segment is further classified into cream, oil, gel, and gel sheet. Among these treatment types, the demand for creams is highly prominent among end-users. Creams help to reduce the appearance of scars by moisturizing and smoothing the affected areas, making them appropriate for both dry and oily skin types.

Global Scar Treatment Market - By Type of Scar

Based on the type of scar, the global scar treatment market is segmented into post-surgical scar, acne scar, contracture scar, stretch marks scar, keloid, and hypertrophic scar. Due to the high prevalence of acne worldwide, the acne scar segment holds the largest market share and is likely to maintain its dominance during the forecast period. According to a report, acne is the eighth most prevalent disease worldwide, affecting around 9.4% of the global population. The demand for acne treatment remedies, especially among post-pubescent teens, is therefore very high.

Global Scar Treatment Market - Regional Insights

Geographically, the global scar treatment market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. North America accounts for the largest market share because of the high demographic of working women, the leading target base for the scar treatment market. According to official statistics, the US has the highest participation rate for women in the labor force, at 57.4%. The US also leads the demand for cosmetic surgeries performed around the world. People in these regions have a high purchasing power that influences the scar treatment market growth, boosting the demand for the product.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading players in the global scar treatment market are Smith & Nephew Plc, Cynosure, Inc., Lumenis Ltd, Syneron Medical Ltd, Mölnlycke Health Care AB, Shanghai Fosun Pharmaceutical (Group) Co., Ltd, Beijing Toplaser Technology Company Limited, Merz GMBH & CO. KGAA, Valeant Pharmaceuticals International Inc, Pacific World Corporation, Avita Medical Limited, Enaltus LLC, Oculus Innovative Sciences, Inc, CCA Industries Inc, Revitol Corporation Inc, Scarguard Labs LLC, Quantum Health, Scar Heal Inc., Suneva Medical Inc., and other prominent players.

The market is highly fragmented, with the presence of a wide range of scar treatment methods and cosmetic surgeries for various types of scars. The industry players significantly focus on product launches and for this, invest heavily in R&D activities. They also spend significantly on advertising and marketing of their brands to create consumer awareness and increase their product penetration. Furthermore, the adoption of competitive strategies, such as mergers, acquisitions, partnerships, and collaborations are also very prominent in this market.

Recent Developments

  • In September 2021, SkinCeuticals announced the release of ‘Advanced Scar Control’, a new gel solution that helps improve the appearance and texture of minor cuts, scrapes, and scars.
  • In August 2021, Pharmaxis, an Australian pharmaceutical company, announced to have delivered positive Phase 1 clinical trial results for its novel topical drug treatment for scarring.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Billion

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Type of Treatment, By Type of Scar, By Distribution Channel, By Region

Key Players

Smith & Nephew Plc, Cynosure, Inc., Lumenis Ltd, Syneron Medical Ltd, Mölnlycke Health Care AB, Shanghai Fosun Pharmaceutical (Group) Co., Ltd, Beijing Toplaser Technology Company Limited, Merz GMBH & CO. KGAA, Valeant Pharmaceuticals International Inc, Pacific World Corporation, Avita Medical Limited, Enaltus LLC, Oculus Innovative Sciences, Inc, CCA Industries Inc, Revitol Corporation Inc, Scarguard Labs LLC, Quantum Health, Scar Heal Inc., Suneva Medical Inc., and other prominent players.

 

By Type of Treatment

  • Topical Scar Treatment
  1. Cream
  2. Oil
  3. Gel
  4. Gel Sheet
  • Surface Scar Treatment
  1. Dermabrasion
  2. Chemical Peeling
  3. Cryosurgery
  • Laser Scar Treatment
  • Injectable Scar Treatment
  1. Steroid Injection
  2. Tissue/Dermal Filler
  • Invasive Surgical Scar Treatment

By Type of Scar

  • Post-Surgical Scar
  • Acne Scar
  • Contracture Scar
  • Stretch Marks Scar
  • Keloid and Hypertrophic Scar

By Distribution Channel

  • Hospital
  • Private Clinic Based Scar
  • Pharmacy & Drug Store Based Scar
  • E-Commerce Based Scar

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Key Market Segments
  2. Research Methodology
    1. Qualitative Research
    2. Methodology
    3. Regional Split of Primary & Secondary Research
    4. Secondary Research
    5. Primary Research
      1. Breakdown of Primary Research Respondents, By Region
      2. Breakdown of Primary Research Respondents, By Industry Participants
    6. Market Size Estimation
    7. Assumptions for the Study
    8. Market Breakdown & Data Triangulation
  3. Executive Summary
  4. Industry Insight and Growth Strategy
    1. Value Chain Analysis
    2. DROC Analysis
      1. Market Drivers
        1. Increasing Access to Laser Treatment
        2. Growing Self-Treatment Methods
      2. Market Restraints
        1. High Cost of Laser Scar Treatment
      3. Market Challenges
        1. Negative Influence of the COVID-19 Pandemic
      4. Market Opportunity
        1. Increasing Demand for Invasive Surgical Procedures
        2. Growing Number of Road Accidents
    3. Recent Developments
    4. Porter’s Five Forces Analysis
      1. Bargaining Power of Buyers
      2. Bargaining Power of Suppliers
      3. Intensity of Rivalry
      4. Threat of New Entrants
      5. Threat of Substitutes
  5. Global Scar Treatment Market Overview
    1. Market Size & Forecast by Value, 2017-2027
    2. Market Size and Forecast, By Segment
      1. By Type of Treatment
        1. Topical Scar Treatment
          1. Cream
          2. Oil
          3. Gel
          4. Gel Sheet
        2. Surface Scar Treatment
          1. Dermabrasion
          2. Chemical Peeling
          3. Cryosurgery
        3. Laser Scar Treatment
        4. Injectable Scar Treatment
          1. Steroid Injection
          2. Tissue/Dermal Filler
        5. Invasive Surgical Scar Treatment
      2. By Type of Scar
        1. Post-Surgical Scar
        2. Acne Scar
        3. Contracture Scar
        4. Stretch Marks Scar
        5. Keloid and Hypertrophic Scar
      3. By Distribution Channel
        1. Hospital
        2. Private Clinic Based Scar
        3. Pharmacy & Drug Store Based Scar
        4. E-Commerce Based Scar
      4. By Region
        1. North America
        2. Europe
        3. Asia-Pacific
        4. Latin America
        5. Middle East & Africa
  6. North America Scar Treatment Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Type of Treatment
      2. By Type of Scar
      3. By Distribution Channel
      4. By Country
        1. U.S.
        2. Canada
  7. Europe Scar Treatment Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Type of Treatment
      2. By Type of Scar
      3. By Distribution Channel
      4. By Country
        1. Germany
        2. U.K.
        3. Russia
        4. France
        5. Italy
        6. Spain
        7. Rest of Europe
  8. APAC Scar Treatment Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Type of Treatment
      2. By Type of Scar
      3. By Distribution Channel
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Rest of APAC
  9. LATAM Scar Treatment Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
      1. By Type of Treatment
      2. By Type of Scar
      3. By Distribution Channel
      4. By Country
        1. Mexico
        2. Brazil
        3. Rest of LATAM
  10. MEA Scar Treatment Market Overview
    1. Market Size and Forecast
      1. By Value (USD Billion), 2020-2027
    2. Market Share and Forecast
    3. By Type of Treatment
    4. By Type of Scar
    5. By Distribution Channel
    6. By Country
      1. Saudi Arabia
      2. UAE
      3. South Africa
      4. Rest of MEA
  11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis (2020)
    3. Competitive Benchmarking By Operating Parameters
  12. Impact of COVID-19 on Global Scar Treatment Market
  13. Company Profiles (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) *
    1. Smith & Nephew Plc
    2. Cynosure, Inc.
    3. Lumenis Ltd
    4. Syneron Medical Ltd
    5. Mölnlycke Health Care AB
    6. Shanghai Fosun Pharmaceutical (Group) Co., Ltd
    7. Beijing Toplaser Technology Company Limited
    8. Merz GMBH & CO. KGAA
    9. Valeant Pharmaceuticals International Inc
    10. Pacific World Corporation
    11. Avita Medical Limited
    12. Enaltus LLC
    13. Oculus Innovative Sciences, Inc
    14. CCA Industries Inc
    15. Revitol Corporation Inc
    16. Scarguard Labs LLC
    17. Quantum Health
    18. Scar Heal Inc.
    19. Suneva Medical Inc.
    20. Other Prominent Players
  14. Key Strategic Recommendations

 

List of Figures

 

 

Figure 1: Global Scar Treatment Segmentation

 

Figure 2: Global Scar Treatment Market Value Chain Analysis,

 

Figure 3: Company Market Share Analysis, 2020

 

Figure 4: Global Scar Treatment Market Size, By Value (USD Billion), 2020-2027

 

Figure 5: Global Scar Treatment Market Share (%), By Type of Treatment, By Value, 2020-2027

 

Figure 6: Global Scar Treatment Market Share (%), By Type of Scar, By Value, 2020-2027

 

Figure 7: Global Scar Treatment Market Share (%), By Distribution Channel, By Value, 2020-2027

 

Figure 8: Global Scar Treatment Market Share (%), By Region, By Value, 2020-2027

 

Figure 9: North America Scar Treatment Market Size, By Value (USD Billion), 2020-2027

 

Figure 10: North America Scar Treatment Market Share (%), By Type of Treatment, By Value, 2020-2027

 

Figure 11: North America Scar Treatment Market Share (%), By Type of Scar, By Value, 2020-2027

 

Figure 12: North America Scar Treatment Market Share (%), By Distribution Channel, By Value, 2020-2027

 

Figure 13: North America Scar Treatment Market Share (%), By Country, By Value, 2020-2027

 

Figure 14: Europe Scar Treatment Market Size, By Value (USD Billion), 2020-2027

 

Figure 15: Europe Scar Treatment Market Share (%), By Type of Treatment, By Value, 2020-2027

 

Figure 16: Europe Scar Treatment Market Share (%), By Type of Scar, By Value, 2020-2027

 

Figure 17: Europe Scar Treatment Market Share (%), By Distribution Channel, By Value, 2020-2027

 

Figure 18: Europe Scar Treatment Market Share (%), By Country, By Value, 2020-2027

 

Figure 19: the Asia-Pacific Scar Treatment Market Size, By Value (USD Billion), 2020-2027

 

Figure 20: the Asia-Pacific Scar Treatment Market Share (%), By Type of Treatment, By Value, 2020-2027

 

Figure 21: the Asia-Pacific Scar Treatment Market Share (%), By Type of Scar, By Value, 2020-2027

 

Figure 22: the Asia-Pacific Scar Treatment Market Share (%), By Distribution Channel, By Value, 2020-2027

 

Figure 23: the Asia-Pacific Scar Treatment Market Share (%), By Country, By Value, 2020-2027

 

Figure 24: Latin America Scar Treatment Market Size, By Value (USD Billion), 2020-2027

 

Figure 25: Latin America Scar Treatment Market Share (%), By Type of Treatment, By Value, 2020-2027

 

Figure 26: Latin America Scar Treatment Market Share (%), By Type of Scar, By Value, 2020-2027

 

Figure 27: Latin America Scar Treatment Market Share (%), By Distribution Channel, By Value, 2020-2027

 

Figure 28: Latin America Scar Treatment Market Share (%), By Country, By Value, 2020-2027

 

Figure 29: Middle East & Africa Scar Treatment Market Size, By Value (USD Billion), 2020-2027

 

Figure 30: Middle East & Africa Scar Treatment Market Share (%), By Type of Treatment, By Value, 2020-2027

 

Figure 31: Middle East & Africa Scar Treatment Market Share (%), By Type of Scar, By Value, 2020-2027

 

Figure 32: Middle East & Africa Scar Treatment Market Share (%), By Distribution Channel, By Value, 2020-2027

 

Figure 33: Middle East & Africa Scar Treatment Market Share (%), By Region, By Value, 2020-2027

 

 

List of Tables

 

Table 1: Global Scar Treatment Market Size, By Type of Treatment, By Value, 2020-2027

 

Table 2: Global Scar Treatment Market Size, By Type of Scar, By Value (USD Billion), 2020-2027

 

Table 3: Global Scar Treatment Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

 

Table 4: Global Scar Treatment Market Size, By Region, By Value (USD Billion), 2020-2027

 

Table 5: North America Scar Treatment Market Size, By Type of Treatment, By Value (USD Billion), 2020-2027

 

Table 6: North America Scar Treatment Market Size, By Type of Scar, By Value (USD Billion), 2020-2027

 

Table 7: North America Scar Treatment Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

 

Table 8: North America Scar Treatment Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 9: Europe Scar Treatment Market Size, By Type of Treatment, By Value (USD Billion), 2020-2027

 

Table 10: Europe Scar Treatment Market Size, By Type of Scar, By Value (USD Billion), 2020-2027

 

Table 11: Europe Scar Treatment Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

 

Table 12: Europe Scar Treatment Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 13: the Asia-Pacific Scar Treatment Market Size, By Type of Treatment, By Value (USD Billion), 2020-2027

 

Table 14: the Asia-Pacific Scar Treatment Market Size, By Type of Scar, By Value (USD Billion), 2020-2027

 

Table 15: the Asia-Pacific Scar Treatment Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

 

Table 16: the Asia-Pacific Scar Treatment Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 17: Latin America Scar Treatment Market Size, By Type of Treatment, By Value (USD Billion), 2020-2027

 

Table 18: Latin America Scar Treatment Market Size, By Type of Scar, By Value (USD Billion), 2020-2027

 

Table 19: Latin America Scar Treatment Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

 

Table 20: Latin America Scar Treatment Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 21: The Middle-East & Africa Scar Treatment Market Size, By Type of Treatment, By Value (USD Billion), 2020-2027

 

Table 22: The Middle-East & Africa Scar Treatment Market Size, By Type of Scar, By Value (USD Billion), 2020-2027

 

Table 23: The Middle-East & Africa Scar Treatment Market Size, By Distribution Channel, By Value (USD Billion), 2020-2027

 

Table 24: The Middle-East & Africa Scar Treatment Market Size, By Country, By Value (USD Billion), 2020-2027

 

Table 25: Smith & Nephew Plc Financial Analysis

Table 26: Smith & Nephew Plc Business Overview

Table 27: Cynosure, Inc. Financial Analysis

Table 28: Cynosure, Inc. Business Overview

Table 29: Lumenis Ltd Corporation Financial Analysis

Table 30: Lumenis Ltd Corporation Business Overview

Table 31: Syneron Medical Ltd Financial Analysis

Table 32: Syneron Medical Ltd Business Overview

Table 33: Mölnlycke Health Care AB Financial Analysis

Table 34: Mölnlycke Health Care AB Business Overview

Table 35: Shanghai Fosun Pharmaceutical (Group) Co., Ltd Financial Analysis

Table 36: Shanghai Fosun Pharmaceutical (Group) Co., Ltd Business Overview

Table 37: Beijing Toplaser Technology Company Limited Financial Analysis

Table 38: Beijing Toplaser Technology Company Limited Business Overview

Table 39: Merz GMBH & CO. KGAA Financial Analysis

Table 40: Merz GMBH & CO. KGAA Business Overview

Table 41: Valeant Pharmaceuticals International Inc Financial Analysis

Table 42: Valeant Pharmaceuticals International Inc Business Overview

Table 43: Pacific World Corporation Financial Analysis

Table 44: Pacific World Corporation Business Overview

Table 45: Avita Medical Limited Financial Analysis

Table 46: Avita Medical Limited Financial Analysis

Table 47: Enaltus LLC Financial Analysis

Table 48: Enaltus LLC Business Overview

Table 49: Oculus Innovative Sciences, Inc Financial Analysis

Table 50: Oculus Innovative Sciences, Inc Business Overview

Table 51: CCA Industries Inc Financial Analysis

Table 52: CCA Industries Inc Business Overview

Table 53: Revitol Corporation Inc Financial Analysis

Table 54: Revitol Corporation Inc Business Overview

Table 55: Scarguard Labs LLC Financial Analysis

Table 56: Scarguard Labs LLC Business Overview

Table 57: Quantum Health Financial Analysis

Table 58: Quantum Health Business Overview

Table 59: Scar Heal Inc.  Financial Analysis

Table 60: Scar Heal Inc.  Business Overview

Table 61: Suneva Medical Inc. Financial Analysis

Table 62: Suneva Medical Inc. Business Overvie

Market Segmentation

By Type of Treatment

  • Topical Scar Treatment
  1. Cream
  2. Oil
  3. Gel
  4. Gel Sheet
  • Surface Scar Treatment
  1. Dermabrasion
  2. Chemical Peeling
  3. Cryosurgery
  • Laser Scar Treatment
  • Injectable Scar Treatment
  1. Steroid Injection
  2. Tissue/Dermal Filler
  • Invasive Surgical Scar Treatment

By Type of Scar

  • Post-Surgical Scar
  • Acne Scar
  • Contracture Scar
  • Stretch Marks Scar
  • Keloid and Hypertrophic Scar

By Distribution Channel

  • Hospital
  • Private Clinic Based Scar
  • Pharmacy & Drug Store Based Scar
  • E-Commerce Based Scar

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Research Methodology

BlueWeave Consulting uses a comprehensive and iterative research technique focused on minimizing deviation to deliver the most accurate estimations and forecasts possible. Hoovers, Bloomberg BusinessWeek, Factiva, ICIS, and OneSource are a few examples of secondary sources, directories, and databases used in market research. Exhaustive secondary research was conducted to gather insights on the market, peer, and parent markets. The next step was to conduct primary research with industry experts across the value chain to confirm the findings, assumptions, and sizing. For segmenting & estimating quantitative aspects of the market, the company employs a combination of bottom-up and top-down methodologies. Furthermore, data triangulation, which examines the market from three different angles, is a recurring theme in our research studies. Critical elements in the methodology employed for all our studies include:

Preliminary Data Mining

On a large scale study, raw market data is gathered and evaluated. Company information can be found in annual reports, press releases, investor presentations, white papers, and articles from reputable authors and databases as secondary sources of data. Only validated and authenticated sources are examined and used for the market engineering process (including calculations for market data, market breakdown, market size estimations, and market prediction, among other things). Furthermore, data is mined through a variety of reports in our repository and a number of well-known premium databases. We collect data from raw material distributors, suppliers  and purchasers to gain a comprehensive market picture.  Technical information is also acquired from intellectual property, with a focus on white space and freedom of movement. The dynamics of the industry in terms of drivers, restraints, and pricing patterns are also gathered. As a result, the material created has a diverse set of original data that is subsequently cross-validated and certified against publicly available sources.

 

Statistical Model

Simulation models are used to generate our market estimates and projections. Each study has its model, which is tailored to it. Market dynamics, the technology landscape, application development, and pricing trends are all entered into the model and assessed simultaneously. These variables are compared, and their impact across the forecast period is quantified using correlation, regression, and time series analysis. Market forecasting is done using a mix of economic techniques, technology analysis, and industry experience, and domain expertise.

Some of the parameters considered during the forecasting include:

  • Market drivers and restraints, as well as their current and future implications
  • Current capacity and planned capacity increases up to 2027
  • Raw material scenario and supply vs. pricing trends
  • Regulatory scenario and expected changes

 

We assign weights to various parameters to calculate an estimated market growth rate and use weighted average analysis to assess their market influence.

 

Primary Validation

This is the last phase in our report estimation and forecasting. To validate our findings and assumptions utilized to get them, we undertake extensive primary interviews, both face to face and over the phone. To ensure a complete and unbiased picture of the market, interviewees are sought from top organizations across the value chain, including technology providers, suppliers, domain experts and consumers. Primary interviews aid in data validation and provide crucial insights into the market, present business conditions, and future expectations, thereby improving the quality of our reports. Following is the breakdown of primary respondents:

Data Triangulation

The market was divided into many segments and sub-segments once the overall market size was determined utilizing the above-mentioned market size estimation methodologies. The data triangulation and market breakdown techniques were used, when applicable, to complete the entire market engineering process & arrive at the exact statistics of each market segment and sub-segment. The information was triangulated by looking at various elements and trends on both the demand and supply sides.

Available Customizations

BlueWeave Consulting provides customizations based on the specific needs of businesses and market data.

The following customization options are feasible for the report:

Segmental Analysis

  • Further addition or breakdown of any segment or sub-segment, besides product analysis can be given for a detailed comparison of the product portfolio of players

Regional Analysis

  • Further breakdown of the market, by country

Company Information

  • Any required add-on of specific market players with their detailed analysis.

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Frequently Asked Questions (FAQs):

Ans: Global scar treatment market reached USD 22.2 billion in 2020.
Ans: The major factors driving the growth of the global scar treatment market are the increasing access to laser treatment and growing self-treatment methods.
Ans: The key players in the global scar treatment market are: Smith & Nephew Plc, Cynosure, Inc., Lumenis Ltd, Syneron Medical Ltd, Mölnlycke Health Care AB, Shanghai Fosun Pharmaceutical (Group) Co., Ltd, Beijing Toplaser Technology Company Limited, Merz GMBH & CO. KGAA, Valeant Pharmaceuticals International Inc, Pacific World Corporation, Avita Medical Limited, Enaltus LLC, Oculus Innovative Sciences, Inc, CCA Industries Inc, Revitol Corporation Inc, Scarguard Labs LLC, Quantum Health, Scar Heal Inc., Suneva Medical Inc., and other prominent players.
Ans: The acne scar segment accounted for the largest share in the global scar treatment market.
Ans: North America has the largest share in the global scar treatment market.