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Rising Cases of Burn Injuries Boosting Topical Scar Treatment Market

The rising cases of burns, surging number of road accidents, increasing cases of skin diseases, growing aging population, rising healthcare spending, and growing disposable income are expected to propel the growth of the topical scar treatment market in China, South Korea, Taiwan, Hong Kong, and Southeast Asia at a CAGR of 7.7% during the forecast period (2021u20132030). According to P&S Intelligence, the market size is expected to reach $1,451.1 million by 2030 from $701.6 million in 2020. Moreover, the market is observing a rising number of product launches.

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Rising Cases of Burn Injuries Boosting Topical Scar Treatment Market

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  1. Increasing Incidence of Burn Cases Driving Demand for Topical Scar © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved Treatment Products 1

  2. With the rising incidence of burn cases, the demand for scar treatment products is surging sharply across the world. This is because scars usually form during the healing of burns, as the body recovers from skin damage. These scars appear as discolored and thick skin. As per an article produced in the Experimental and Therapeutic Science journal in April 2019, there are over 10 million people who suffer from burns each year in China. To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/topical-scar-treatment- market/report-sample Additionally, as per an article published in the Annals of Burns and Fire Disasters journal, in Vietnam, the incidence of burns in geriatric people was 4.2% in 2019, with more than half of the patients getting deep burn injuries. The rising prevalence of these cases is pushing up the requirement for topical scar treatment products, especially in the Southeast Asian countries. Besides, the burgeoning requirement for silicone-based scar treatment products is also fueling the expansion of the topical scar treatment market across the globe. Silicone gel sheets produced from a synthetic silicone gel-like material are being increasingly used for filling surgical scars and treating superficial scars, keloids, and hypertrophic scars. This is ascribed to the fact that silicone gel assists in increasing the hydration of the stratum corneum, which helps in facilitating collagen reduction and fibroblast production, thereby protecting the scar from bacteria. Some of the most widely used silicone-based scar treatment products are ScarAway by Perrigo Company plc, Dermatix by Mylan N.V., and bioCorneum by Sientra Inc. Access Detailed Report - Topical Scar Treatment Market Competitive Analysis Report Apart from the aforementioned factors, the growing prevalence of road accidents is also expected to drive the topical scar treatment market at a CAGR of 7.7% from 2021 to 2030. According to the estimates of the market research company, P&S Intelligence, the revenue of the market will surge from $701.6 million in 2020 to $1,451.1 million by 2030. Creams, gel sheets, oils, and gels are the most commonly used scar treatment products in Southeast Asia (SEA), Hong Kong, Taiwan, and South Korea. Out of these, the requirement for creams was found to be the highest during the last few years, and this trend will continue in the coming years as well. This will be because of the ability of creams to reduce and flatten the appearance of both new and old scars and prevent the development of new scars. Atrophic and acne scars, contracture scars, stretch marks, and keloids and hypertrophic scars are the most commonly seen types of scars. 2 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  3. In the coming years, the requirement for scar treatment products is expected to rise rapidly for treating acne and atrophic scars. Geographically, China is predicted to be the fastest-growing country in the topical scar treatment market in the upcoming years. This will be because of the rising incidence of skin diseases, surging disposable income of people, mushrooming population of geriatric people, and the availability of several technologically advanced scar treatment products in the country. Hence, the demand for topical scar treatment products will surge in the coming years, mainly because of the growing incidence of skin diseases and burn cases and increasing geriatric population all over the globe. Market Size Breakdown by Segment The topical scar treatment market report offers comprehensive market segmentation analysis along with market estimation for the period 2015–2030. Based on Product Type Cream Oil Gel Gel Sheet Based on Scar Type Atrophic and Acne Scar Keloid and Hypertrophic Scar Contracture Scar Stretch Mark Based on Distribution Channel Grocery Stores Pharmacies Direct Sales E-Commerce Geographical Analysis Thailand Indonesia Philippines Vietnam Taiwan South Korea • • • • • • • • • • • • • • • • • • 3 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  4. China Topical Malaysia Hong Kong • • • 4 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

  5. Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. All intellectual properties, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance can these be reproduced in any form without prior written agreement of their owners. An order for market research report is intended for internal use of the company only and not for disclosure to third parties or any other publication in general. No service, report, or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including but not limited to, all forms of optical-based media, magnetic, electronic, or digital, without a written permission from Prescient & Strategic Intelligence Pvt. Ltd. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 5 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

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