Axiom MRC has updated all it's market research reports with the Economic Impact Analysis of COVID19 Pandemic on the market. Our team of analyst are following Comprehensive Three Dimensional (3D) Research Methodology along with large number primary interviews with key industry participants to bring insightful market reports to meet the current market requirements.
The exclusive COVID-19 impact analysis report by Axiom MRC provides a 360 degree analysis of micro and macro-economic factors on the North America scar treatment market. In addition, complete analysis of changes on the North America scar treatment market expenditure, economic and international policies on supply and demand side. The report also studies the impact of pandemic on global economies, international trade, business investments, GDP and marketing strategies of key players present in the market. During COVID-19 pandemic, North America scar treatment market was more or less affected due to supply chain distribution, which has certainly affected the market growth to major extend. However, post COVID-19 the market has witnessed the rising new growth opportunities and is expected to have emerging demand in upcoming years.
The North America scar treatment is driven by various factors like presence of well-established healthcare facilities, increasing presence of scar treatment products manufacturer has certainly contributed in the market growth. Besides, rising obesity, pregnancies scars, burn injuries leading to different scar has further propel the market demand to major extend. Likewise, constant innovation in market products, launches, increasing market sales across the region is likely to provide positive outcome for the market growth.
The North America scar treatment market is expected to witness increasing new growth opportunities for market with growing product offering in end use for scar treatment market is propelling the market growth to huge extend. The growing R&D for different topical products in scar treatment is expected to offer lucrative growth opportunities for market players in the North America scar treatment market. Furthermore, growing adoption of scar treatment market products in region is fuelling the market. Alternatively, growing innovation in scar treatment with rising development is propelling the market to huge extend
The major restraining factor for the North America scar treatment market is side effects of scar treatment products and therapies and high cost associated with laser scar treatment and related products. Potential side effects of using scar treatment products such as gels, creams and laser products is one of the major restraining factor that could hamper the growth of the market. This factors of market is expected to hamper the market growth.
The major growth challenge for the market is high cost certain of scar treatment. With the changing dynamic, increasing preference technological innovation in laser products with cost effectiveness is expected to overcome the challenge to major extend.
The report provides in-depth analysis of North America scar treatment market, market size, and compound annual growth rate (CAGR) for the forecast period of 2022-2028, considering 2021 as the base year. With increasing demand for various scar treatment in various applications and end uses has led the increasing demand for market and is expected to witness the growth at a specific CAGR from 2021-2028.
The North America scar treatment market comprises of different market segment like product, scar type, end use and country.
By product, the North America scar treatment includes key segment of topical products, laser products, injectables and others. Topical products is further sub-segmented into creams/gels, scar dressings/ silicone sheets and others (sprays, oils). Likewise, laser products includes CO2 laser, pulse-dyed laser and excimer laser. In North America, topical products has gained major market share for the scar treatment market in 2021. The major driving factors for the market growth are increasing patient with different scar type and rising burn cases has specifically created the demand for topical products in the region. Besides, increasing products innovation and launches has specifically accelerated the demand for market. Adding to that in topical products the scar dressings/ silicone sheets followed by creams and gel has certainly fuelled the market with the new growth avenue. The wide range of different brands OTC products present in the market for consumer has certainly accelerated the market. Likewise, laser products followed by injectables has witnessed increasing opportunities for scar treatment with constant new innovation in products.
The North America scar treatment market is significantly studied for key products like atrophic scars, hypertrophic and keloid scars, contracture scars, stretch marks. Atrophic scars is expected to lead in the market. The increasing number of population getting the atrophic scar has certain accelerated the segment growth in the market. An atrophic scar appears as a sunken recess in skin like a divot. Atrophic scarring mostly occur after the acne or chickenpox. Atrophic scarring are ideally treated with the topical creams, laser products which encourage the collagen in the skin to regenerate which helps to improve the appearance of the scarring. Similarly, hypertrophic and keloid scars, contracture scars, stretch marks are expected to rising demand for market during the estimated time period.
The North America scar treatment market finds its major end use in hospitals, dermatology clinics, retail pharmacies/ e-commerce. Hospital is expected to dominate in the North America scar treatment market as the region has presence of well-established healthcare facilities, emerging new technology adoption in hospital has certainly fuel the market. Likewise, increasing patient inflow for treating various scar is the key factor accelerating the market across the region. Furthermore, retail pharmacies/ e-commerce is expected to witness growth at highest pace during the estimated time period (2021-2028).
North America scar treatment market is studied for the following countries like United States, Canada and Mexico. In North America scar treatment market, United States has dominated the market and is expected to maintain its dominance over the forecast period (2021-2028). The rising number of scar patient, increasing road accidents, traumatic injuries, burn injuries, stretch marks among women, obesity has led the increasing adoption of scar treatment products like topical, laser products in the country. Furthermore, presence of well-established manufacturer has certainly contributing the North America region growth revenue. Likewise, rising concern for skin and scar, skin diseases is propelling the market with the healthy growth in the market. Alternatively, Canada and Mexico are likely to have increasing new demand for market at specific growth rate.
The competitive landscape analysis of North America scar treatment market is certainly based increasing demand for production of scar treatment products. Besides, the market for scar treatment market is currently expanding its growth with the merger & acquisitions, new products launches, business expansion, agreement and other development.
The key players studied in market are Smith & Nephew, Merz Pharmaceuticals, Lumenis, Sonoma Pharmaceuticals, Molnlycke Health Care, Cynosure, CCA Industries, Newmedical Technology, Suneva Medical Inc., Perrigo Company Plc, Bausch Health Companies, Sientra Inc., Pacific World Corporation, Rejuvaskin and HRA Pharma among others.
September 2021: Sonoma Pharmaceuticals announced the over-the-counter consumer launch of Regenacyn advanced scar gel and Ocucyn eyelid and eyelash cleaner on Amazon.com and MucoClyns on Amazon sites in Europe.
September 2020: Suneva Medical Inc announced an exclusive strategic partnership to market and distribute Neauvia North Americas Plasma IQ, the first Class 2 FDA cleared plasma energy device throughout the North America.
Scar is one of the most common complication of acne, burns, surgeries and traumatic injuries affecting number of people every year. Scar results specifically when the body repair skin wounds caused by surgery, accident or disease. And they are natural result of the healing process. Also, the longer it takes a wound to heal and more damaged the skin increase the chance of a noticeable scar. Thereby, increasing number of patient with the various scar occurred due to environmental factors, surgery, burn injuries has certainly created ample of growth opportunity for North America scar treatment market. Besides, the scar treatment market in North America is studied based on by product, scar type, end use and country. By product, the North America scar treatment includes key segment of topical products, laser products, injectables and others. Topical products is further sub-segmented into creams/gels, scar dressings/ silicone sheets and others (sprays, oils). In North America, topical products has gained major market share for the scar treatment market in 2021. The market is significantly studied for key products like atrophic scars, hypertrophic and keloid scars, contracture scars, stretch marks. Atrophic scars is expected to lead in the market. The market finds its major end use in hospitals, dermatology clinics, retail pharmacies/ e-commerce. Hospital is expected to dominate in the North America scar treatment market North America scar treatment market is studied for the following countries like United States, Canada and Mexico.
1) What are the drivers for North America scar treatment market?
The key driving factors of the market are growing number of road accidents and burn cases, rise in favorable reimbursement policies and rising prevalence of skin diseases
2) Which is the leading application segment for North America scar treatment market?
Hospitals has accounted the major market share, and is expected to witness the growth at highest pace during the forecast period.
3) Which country is gaining majority of market share during the forecast period (2021-2028)?
United States is expected to gain major market share during the forecast period (2021-2028).
