Burn injury or other traumacondition, including surgery can lead to a scar. Several factors impact theappearance and treatment of scar after an injury. Topical scar treatment, lasertreatment, and invasive surgical treatment are some of the options for scartreatment.
Statistics:
The global ScarTreatment Market was estimated to account for US$ 10,390.6 Mn in terms ofvalue by the end of 2019.
Global Scar Treatment Market:Drivers
Increasing number of accidents isexpected to boost growth of global scar treatment market over the forecastperiod. For instance, according to the Ministry of Road Transport and Highways,Government of India, in 2018, the number of road accidents increased by 0.46%compared to 2017.
Global Scar Treatment Market:Opportunities
R&D in scar treatment isexpected to offer lucrative growth opportunities for players in the global scartreatment market. For instance, in September 2018, researchers from ChanghaiHospital affiliated to Navy Medical University, China, appraised, drafted,reviewed, and finalized a consensus to standardize and improve scar preventionand treatment in China. The consensus was published in journal Burns and Traumaof BMC.
Global Scar Treatment Market:Restraints
Lack of skilled professionals inthe treatment of scars is expected to hamper growth of the global scartreatment market. Imparting improper training to the professional conductingthe scar treatment may result in adverse or serious side effects.
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Key Takeaways:
The global scar treatment marketwas valued at US$ 10,390.6 Mn in 2019 and is forecast to reach a value of US$14,132.8 Mn by 2027 at a CAGR of 3.9% between 2020 and 2027. Increasing numberof accidents is expected to boost growth of global scar treatment market overthe forecast period.
Atrophic scars segment held dominantposition in the global scar treatment market in 2019, accounting for 48.9%share in terms of value, increasing number of surgeries is expected assist thesegment growth.
Market Trends
Major players in the global scartreatment market are focused on adopting collaboration strategies to expandtheir product portfolio. For instance, in November 2019, AVITA Medicalcollaborated with the Gates Center for Regenerative Medicine at the Universityof Colorado School of Medicine to establish proof-of-concept and explorefurther development of a spray-on treatment of genetically modified cells forpatients with epidermolysis bullosa (EB) and other genetic skin disorders.
Use of dermal fillers often leadsto filler fatigue. For instance, according to a survey by The Harris Poll in2018, around 8 million of the 9 million patients who have had dermal fillers,are experiencing filler fatigue.
Regulations
China
China’s FDA lists regulations fortopical applications under the Presidential order no: 45, control over drugssegment. The drug regulatory department under the State Council regulates drugadministration in China.
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Labelling requirements fortopical applications:
Apart from manufacturing drugsadhering to GMP regulations in China, the following are specific labellingrequirements for topical drugs:
A label has to be printed orstuck on drugs together with a ‘drug insert sheet’
The ‘insert sheet’ needs tomention the name of the drug as registered in China
The label should also containnames of active ingredients, product batch number, production date, date ofexpiry, strength, manufacturer name, approval number indications or functions,contraindications, adverse drug reactions, and precautions
The label should also have thespecified mark for topical application as given by the State
Global Scar Treatment Market:Competitive Landscape
Major players operating in theglobal scar treatment market include, Smith & Nephew Inc., Merz Inc.,Enaltus LLC, Oculus Innovative Sciences, Inc., CCA Industries, Cynosure, Inc.,Janssen Biotech, Inc. Avita Medical, Lutronics, Luminus Inc., Syneron MedicalLtd., NutraMarks, Inc., Cynosure, Inc., Mölnlycke Health Care, Ostar BeautySci-Tech Co., Ltd., Shanghai Fosun Pharmaceutical Co. Ltd., Suneva Medical,Inc., Sonoma Pharmaceuticals, Inc., Beijing Toplaser Technology Co., Ltd., andLuca Pharmaceuticals.
Global Scar Treatment Market: KeyDevelopments
Major players in the global scartreatment market are focused on adopting partnership strategies to expand theirproduct portfolio. For instance, in January 2019, Suneva Medical, Inc.partnered with Healeon Medical, Inc. and Puregraft, LLC. in order to expand itsproduct portfolio in regenerative aesthetics.
Major players in the market arealso focused on launching new products to expand their product portfolio. Forinstance, in October 2018, Sonoma Pharmaceuticals, Inc. launched Ceramax SkinBarrier Lotion.
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