by The North America scar treatment market consists of various products used for treatment of scars such as creams, gels, sheets, laser treatment devices, injections and others. These products aid in reducing the appearance of scars by restructuring the collagen in the skin. The growing preference for minimally invasive cosmetic procedures is driving the demand for scar treatment products in the region.
The global North America scar treatment market is estimated to be valued at US$ 4,348.7 million in 2023 and is expected to exhibit a CAGR of 4.3% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends propelling the growth of the North America scar treatment market is the growing adoption of minimally invasive treatment procedures. Minimally invasive procedures such as laser treatments, injections and silicone gel sheets offer faster recovery and lesser pain in comparison to conventional scar treatment methods such as surgery. The increasing demand for scar removal without major downtime is driving the demand for minimally invasive scar treatment products in the region. Various players are focusing on developing innovative scar treatment devices based on minimally invasive technologies which is further expected to support the market growth over the forecast period.
SWOT Analysis
Strength: The North America scar treatment market has strong presence of major global players which are constantly focusing on new product launches and innovations.
Weakness: High cost of scar treatment procedures and lack of reimbursement policies acts as a barrier for widespread adoption.
Opportunity: Growing awareness regarding cosmetic procedures and rising disposable incomes provide growth opportunities.
Threats: Stringent regulations and side effects associated with some treatments limits the market growth.
Key Takeaways
The Global North America Scar Treatment Market Size is expected to witness high growth over the forecast period of 2023 to 2030, growing at a CAGR of 4.3%.
The United States dominates the North America scar treatment market and is expected to continue its dominance over the forecast period. Rising concern towards appearance and high access to advanced treatment options fuel the market growth.
Key players
Key players operating in the North America scar treatment market are ScarAway, Thrive Aesthetics MN, HRA Pharma, MARLO WHITNEY, Smith & Nephew Inc, Merz Therapeutics, Enaltus LLC, Oculus Innovative Sciences, Inc, CCA Industries, Bausch Health Companies Inc., Candela Medical, Perrigo Company plc, Sonoma Pharmaceuticals, Inc., Hologic, Inc., Johnson & Johnson Surface Treatment, Inc., Quantum Health, AVITA Medical, Revitol Corp, Scarguard labs, Lumenis Be Ltd, Cynosure, GC Aesthetics, Sientra, Inc, SkinCeuticals, Cimeosil.com, Honeydew Products, 3V Sigma USA Inc., Syneron Medical Ltd.
Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
