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 Asia Pacific scar treatment market. In addition, complete analysis of changes on the Asia Pacific 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, Asia Pacific scar treatment market was affected due to supply chain distribution, production shortage, which has certainly affected the market growth to major extend. However, the demand for scar treatment products was observed in the market post COVID-19 which has led the rising new growth opportunities and is expected to have emerging demand in upcoming years.
The Asia Pacific scar treatment market is specifically driven by rise in the number of road accidents and burn cases in the region has certainly the market demand to major extend. Also, rise in investment among the manufacturer for producing new products, expansion of product portfolio, sales and distribution has boosted the market growth. In addition, rise in number of women being worried about aesthetic appeal has surged the market significantly. Also, development in number of hospitals, rising dermatology clinics, redevelopment of healthcare project are some of the major factor behind the market growth. Additionally, increasing product supply and distribution is expected to create growing new growth avenue for the market further boosting the market growth.
Asia Pacific scar treatment market is expected to witness increasing new growth opportunities for market with developing healthcare facilities, increasing government support, road accidents, and burn injuries is expected to provide rise in opportunities for the market growth. Alternatively, growing innovation in scar treatment with rising development is propelling the market to huge extend. Also, rising demand for various market products is specifically driven as it helps to in improving the skin and for aesthetic appeal has which has indeed increased the market demand. Furthermore, rising concern among individual regarding the serious scar marks caused by different injuries, road accidents has led the rising opportunity for the market growth. On the other hand, increasing adoption and implementation of infection prevention in hospital and clinics has indeed accelerated the growth of Asia Pacific scar treatment market
The major restraining factor for the Asia Pacific scar treatment market is different side effects of scar treatment products on skin and therapies. Besides, another factors is the 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. Likewise, lack of awareness of products in different countries of the region is expected to restrain the market growth to some extend. 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 Asia Pacific 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 Asia Pacific scar treatment market comprises of different market segment like product, scar type, end use and country.
By product, the Asia Pacific scar treatment market 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. The topical products is anticipated to have growing demand in the global market as most the population ideally refer for topical products due to ease of use, effectiveness and presence of different brands products in the market. Also, number of manufacturer are constantly producing new products for the consumer. Different topical products like creams/gels, scar dressings/ silicone sheets are likely to propel the market growth over the estimated time period. Likewise, laser products followed by injectables has witnessed increasing opportunities for scar treatment with constant new innovation in products.
The Asia Pacific scar treatment market is significantly studied for key products like atrophic scars, hypertrophic and keloid scars, contracture scars, stretch marks. Atrophic scars is the leading segment in the Asia Pacific market for scar treatment. The segment is driven in such a way due to increasing prevalence among population which are most likely to occur after acne or chicken pox. Also, scar treatment offers as a best option for minimizing the atrophic scar by using different topical, laser or injectable products. Besides, the hypertrophic scar is emerging scar type among the population as it often occurs after burns, surgery, insect bites, acne and others. Thereby, rise in number of hypertrophic scar has further contributed healthy growth in the market over the estimated time period.
The Asia Pacific scar treatment market finds its major end use in hospitals, dermatology clinics, retail pharmacies/ e-commerce. Hospital is anticipated to lead in the Asia Pacific scar treatment market as the region has developing as well as presence of well-developed healthcare infrastructure with increasing government support. Also, increasing specialist presence in the hospital for the treatment of scar has certainly contributed in the market growth. Likewise, adoption of new technology based products like laser for treating the scar has fuelled the market demand to major extend. Likewise, retail pharmacies/ e-commerce is anticipated to have increasing new growth opportunities during the estimated time period (2021-2028).
Asia Pacific scar treatment market is studied for the following countries like China, India, Japan and Rest of APAC. In APAC region, China is likely to gain majority of market share over the estimated time period. The factor contributing in the market growth are rising growth opportunities with growing urbanization, improving lifestyle of the people, demand for personal car, rising number of accidents, geriatric population has certainly contributed in the growth of market. Also, increasing investment by the government in healthcare market are some of the key factor accelerating the market to major extend. Likewise, India followed by Japan are anticipated to have propelling growth in the market. The key factor propelling the market growth are increasing presence of various global player operating in this sectors. Emerging distributors, rising high disposable income among the population has contributed healthy growth in the market. Also, increasing demand for dermatologist among the population is the key factor propelling the growth of the market.
The competitive landscape analysis of Asia Pacific 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.
May 2019: HRA Pharma acquired the Mederma brand from Merz Pharmaceuticals GmbH. The HRA Pharma acquired the global rights to the Mederma brand which comprises products across the scar care, stretch marks and skin care categories.
Scar caused by different skin diseases, obesity, accidents and other conditions is one the major concern among the population as it certainly affect the person life, lifestyle thereby most of the population often use of prefer to get precise scar treatment for minimizing the scar. Thereby, the scar treatment is one of the most major market in Asia Pacific region as different countries presence in region like China, India, Japan, South Korea has rising demand for market as the population is mostly consider improving the skin and for aesthetic appeal. Furthermore, the scar treatment market is specifically driven by various factors like increasing women demand for different topical products as the women are more concerned about their appearance.
Likewise, the report analyses the Asia Pacific scar treatment market based on by product, scar type, end use and country. By product, the Asia Pacific scar treatment market 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. The topical products is anticipated to have growing demand in the global market. The Asia Pacific scar treatment market is significantly studied for key products like atrophic scars, hypertrophic and keloid scars, contracture scars, stretch marks. Atrophic scars is the leading segment in the Asia Pacific market for scar treatment. The Asia Pacific scar treatment market finds its major end use in hospitals, dermatology clinics, retail pharmacies/ e-commerce. Hospital is anticipated to lead in the Asia Pacific scar treatment market. Asia Pacific scar treatment market is studied for the following countries like China, India, Japan and Rest of APAC. In APAC region, China is likely to gain majority of market share over the estimated time period.
1) What are the drivers for Asia Pacific 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 Asia Pacific 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)?
China is expected to gain major market share during the forecast period (2021-2028).
