Growing Cosmetic Scar Treatment Spurs Growth in the North America Scar Treatment Market

North America Scar Treatment Market


 Market Overview:

The North America scar treatment market comprises products used for healing, improving appearance, and reducing appearance of scars. Scars are physical marks left on the skin after wound healing. Common causes of scarring include injuries, burns, acne, and surgery. Various scar treatment products include creams, gels, sheets, laser therapy devices, injections, and others. These products aid faster healing, improve scar appearance, reduce redness and darkness, increase elasticity and hydration of scar tissue. Growth in cosmetic consciousness and personal care spending drives demand for scar treatment in the region.

Market key trends:
One of the key trends in the North America scar treatment market is increasing preference for minimally invasive procedures. Laser therapy and injectable treatments offer minimally invasive options for scar treatment and removal. Laser therapy utilizes specific wavelengths of light to break down scar tissue formation. It helps fade scars, improve texture and color of scarred skin. Injectable treatments such as corticosteroids and hyaluronic acid reduce inflammation and improve hydration of scar tissue respectively. They provide deep treatment within the dermis for improved efficacy over topical products. This drives the growing adoption of minimally invasive scar treatment procedures.
Porter's Analysis

Threat of new entrants: The North America Scar Treatment Market Demand is expected to experience moderate threat of new entrants due to the high costs involved in research and development of treatment procedures and technologies.

Bargaining power of buyers: Individual consumers have moderate bargaining power in the market as there are many alternatives available for scar treatment procedures. However, healthcare providers and institutions have high bargaining power as they can negotiate pricing with large medical device companies.

Bargaining power of suppliers: The suppliers of technologies and treatment devices have moderate-to-high bargaining power due to the proprietary nature of treatment technologies and level of innovation required. This enables suppliers to influence pricing.

Threat of new substitutes: There is a high threat of new substitutes and alternative procedures emerging in the market. Companies invest heavily in R&D to develop novel technologies with fewer side effects.

Competitive rivalry: The market experiences high competitive rivalry owing to the presence of many international and regional players offering similar scar treatment products and technologies.


Key Takeaways

The North America scar treatment market is expected to witness high growth, exhibiting CAGR of 4.3% over the forecast period, due to increasing adoption of minimally invasive procedures.

The U.S. currently dominates the market due to better healthcare infrastructure and rising medical tourism. Growing awareness about alternative aesthetic procedures and non-invasive nature of treatments also contribute to the regional market growth. The availability of advanced scar treatment technologies and procedures further supports market expansion in the country.

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. These manufacturers are focusing on new product launches and inorganic growth strategies to gain market share.

Read More:

https://www.dailyprbulletin.com/north-america-scar-treatment-market-value-analysis/

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