Increasing Prevalence of Skin Diseases Escalating the U.S. Scar Treatment Market Progress

According to P&S intelligence, the U.S. scar treatment market was valued at $6.3 billion in terms of revenue in 2017 and it is estimated to register a CAGR of 10.4% during the forecast period (2018–2023). The market progress is backed by the increasing prevalence of skin problems, advancements in dermatological device technologies, growing number of road accidents, rise in the volume of surgeries, surging awareness about several scar treatments, and growing spending on personal care.

To Learn More About this Report: http://bit.ly/2IVOyTz

Scar treatment simply refers to the treatment of marks appearing on the skin surface after it is damaged. It consists of products used and therapies conducted by cosmetologists, dermatologists, and other skin specialists for either completely removing the scars or making these less visible. Based on the type of treatment, the U.S. scar treatment market is classified into surface, topical, laser, injectable, and surgical categories. Among all, the topical category accounted for 61.2% revenue contribution to the market in 2017.

During the historical period 2013–2017, home-use  was the largest end-user category in the U.S. scar treatment market in 2017 with 36.8% revenue share; this segment also includes hospitals, dermatology clinics, and others.  This was because of higher disposable income, which led to more spending on personal care and increased use of creams, gels and oils for the reduction or removal of scars, owing to their effectiveness.

The growing prevalence of skin diseases is one of the most significant factors backing the growth of the scar treatment market. The prevalence of skin diseases has been growing, owing to excessive exposure to pollution and ultraviolet radiation, which lead to sunburns, hair loss, and reduced skin elasticity. There are several other skin problems, such as burns, acne, post- surgical marks, and stretch marks, that can lead to scar formation. Acne affects the majority of the world population; according to the American Academy of Dermatology (AAD), nearly 85.0% of people in the U.S. had faced acne issues at some point in their lives.

Hence, due to the increasing prevalence of skin issues, primarily because of changing environment, rising pollution, and growing surgeries, the U.S. scar treatment market is expected to grow in the near future.