Scar treatment in the study refers to the treatment of marks on the skin surface, that appear when the skin is damaged. It includes various products and therapies performed by various dermatologists, cosmetologists and other skin specialists for fading away or completely removing the scars. In terms of the type of scar, the global scar treatment market is segmented into topical, surface, laser, injectable and invasive surgical. The global scar treatment market is expected to witness considerable growth during the period 2017 – 2023. According to the study, Increasing prevalence of skin diseases, rising appearance consciousness among consumers, increase in disposable income leading to a surge in spending on personal care, technological advancements in scar treatment products and increasing awareness about scar treatment are some of the key drivers leading to the growth of the global scar treatment market.
Taking into an account of geographical landscape, Europe is the second largest market for scar treatment products and held a 29.5% share in 2016. The growth of the market is likely to be driven by high disposable income in Western European region, increasing awareness about scar treatments, appearance consciousness among people in the region, and rising prevalence of wounds. Among the various European countries, the scar treatment market in the U.K. has been growing due to rise in the appearance consciousness among people in the region, and increasing prevalence of wounds. According to the British Association of Aesthetic Plastic Surgeons (BAAPS), around 51,000 people in Britain opted for cosmetic procedures in 2015, with a 13.0% overall increase in these procedures in 2015. Moreover, according to the OECD, the household disposable income was $28,280.4 in 2014, as compared to $28,268.2 in 2013, in the U.K. High disposable income increases the ability of the individuals to opt for scar treatment procedures, which further drives the growth of the market.
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