Topical Scar Treatment Market Growth, Development and Forecast Report 2030

Posted by Aryan on October 9th, 2023

The topical scar treatment market is experiencing growth and is projected to reach USD 1,451.1 million by 2030. This can be credited to the increasing occurrence of burns, growing count of road accidents, rising cases of skin illnesses, increasing elderly populace, and mounting per-capita income.

In recent years, the cream category had the largest share in the topical scar treatment market of South Korea, China, Hong Kong, Taiwan, and the SEA region, on the basis of product type. This can primarily be credited to the fact that smoothen, creams fade and lessen both old and new scars and avoid the creation of new scars.

In the past few years, the atrophic and acne scar category led the topical scar treatment market, and the category is also projected to grow at the fastest pace in the future as well, on the basis of scar type. This can be credited to the high occurrence of atrophic and acne scars among teenagers credited to hormonal fluctuations and their unwholesome eating habits. More than 90% of the youths have acne, which outcomes in a high requirement for topical items.

In the past few years, the pharmacies category held the largest share in the industry, and the category is also projected to be dominant in the future as well, on the basis of distribution channels. This is mainly because of fact that people with scars favor buying such items from drugstores. Furthermore, utmost of the items needs a prescription from a dermatologist.

In recent years, China was the highest revenue generator in the industry for topical scar treatment, and the nation is projected to experience the fastest growth in the future as well.

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This can be credited to the growing elderly populace and fast economic growth, which are advancing the demand for technologically progressive scar treatment items in the nation.

Furthermore, the increasing per-capita income of individuals in China and the growing occurrence of skin illnesses are further fuelling the industry's advance.

Hence, the increasing occurrence of burns, growing count of road accidents, rising cases of skin illnesses, increasing elderly populace, and mounting per-capita income, are the major factors contributing to the growth of the topical scar treatment market.