by The North America scar treatment market constitutes products used primarily for fading away existing scars and reducing the risks of scarring as well as keeping scar tissue healthy and supple. Scars are caused due to injuries, burns, acne, and surgical wounds. Laser treatment, topical products, surface treatment, and injectable are some of the major scar treatment options available in the market. Laser treatment aids in reducing the depth, thickness, and visibility of scars. Intense pulsed light therapy is a commonly adopted laser treatment for removing pigmented and vascular lesions. Topical products containing silicone, collagen, retinoic acid, and vitamin E are extensively used for minimizing appearance and improving texture and color of scars. Surface treatment involves dressing wounds with bandages impregnated with anti-scarring agents. Injectable contains steroids that reduce scarring and treat keloid scar tissue.
The global North America Scar Treatment Market is estimated to be valued at US$ 4348.7 Mn in 2023 and is expected to exhibit a CAGR Of 7.4% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing adoption of scar treatments is expected to drive the North America scar treatment market growth over the forecast period. According to a survey conducted by the American Academy of Facial Plastic and Reconstructive Surgery (AAFPRS), around 13% of Americans have had a scar revision procedure. Growing focus on physical appearance and increasing incidences of accidents and surgical procedures are compelling individuals to opt for scar treatment options for fading existing scars effectively. Technological advancements have led to the development of more effective laser and injectable scar treatments with minimal side effects, thereby fueling their adoption. For instance, fractional laser technology helps penetrate deeper into scar tissue and stimulates collagen production for improved healing.
Rising consumer inclination towards beauty and grooming products is providing an impetus to scar treatment. Individuals are concerned about their physical appearance and willingness to invest in scar treatments to get scar-free and younger-looking skin. Changing lifestyles along with increasing per capita disposable incomes also encourage consumers to opt for scar revision procedures. This is propelling the demand for scar treatments and driving the North America scar treatment market growth.
Segment Analysis
North America Scar Treatment Market is dominated by prescriptive treatment segment. This segment accounts for over 50% of market share owing to the high efficacy of prescription scar creams, gels and patches. These prescription products such as Exilis Scar Cream and Repichem Scar Gel contain active ingredients like hyaluronic acid, onion extract, silicone and vitamin E which can penetrate deeper skin level to effectively reduce the appearance of scars.
PEST Analysis
Political: The growing number of trauma injuries due to increasing road accidents and other mishaps drives the demand for scar treatments in the region. Favorable government initiatives to spread awareness regarding early scar treatment options further boosts the market growth.
Economic: Rising disposable incomes have increased the affordability of advanced scar minimizing procedures and products in countries like US and Canada. Growing health insurance coverage for scar treatments act askey tailwinds.
Social: Rising consciousness about aesthetic appearance and faster adoption of new technologiesin cosmetic treatments influence market trends. High prevalence of acne and keloid formation also contributes to market revenues.
Technological: Continuous innovations leading to development of cost-effective minimally invasive procedures like subcision and laser treatments have garnered popularity. Introduction of scar revision surgeries usingfractionated lasersand plasma pen techniques creates new opportunities.
Key Takeaways
The Global North America Scar Treatment Market Demand is estimated to be valued at US$ 4348.7 Mn in 2023 and is expected to exhibit a CAGR of 7.4% over the forecast period 2023 to 2030.
The North America scar treatment market is expected to witness high growth owing to the growing emphasis on aesthetic appearance and rising traumatic injury cases.The United States dominates the regional market and is estimated to surpass US$ 3 Bn by 2030 driven by the increasing accessibility to advanced scar revision therapies and products.
Key players operating in the North America Scar Treatment market are DPR Construction, Inc., Turner Construction Co., Holder Construction Company, Hensel Phelps Construction Co, Balfour Beatty US, Helix Electric, Sudlows, Kraus Anderson Construction, The Beck Group, PCL Construction Enterprises, The Walsh Group, Hill International, and Engineered Structures, Inc. (ESI). Strategic acquisitions and collaboration with research institutes are some of the activities undertaken by these players to strengthen their market position.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
