Dublin, Feb. 12, 2024 (GLOBE NEWSWIRE) -- The "OTC Scar Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)" report has been added to ResearchAndMarkets.com's offering.
The global Over-the-Counter (OTC) Scar Treatment market achieved significant growth, with worldwide revenue totaling US$ 9 billion in 2024. By the end of 2031, the market is anticipated to reach a valuation of US$ 12.3 billion.
Factors Fueling OTC Scar Treatment Products:
- Emergence of New Treatment Formulations: OTC scar treatment products are gaining traction due to the development of innovative formulations. Emollients with potent bioactive compounds, such as cannabinoid receptor modulators, natural moisturizing agents, lipids, ceramides, and antioxidants, are being researched for their efficacy in treating conditions like atopic dermatitis. These formulations provide improved treatment compliance, tolerability, and reduced corticosteroid use, presenting growth opportunities for manufacturers.
Challenges to Market Expansion:
- Lack of Clinical Data on Product Efficacy: The absence of comprehensive clinical data supporting the efficacy of OTC scar treatment products, compounded by research limitations and insufficient sample sizes, hampers market growth.
Country-wise Insights:
U.S. OTC Scar Treatment Market Overview
The U.S. OTC scar treatment market is on the rise due to increasing acne cases, making topical scar treatment products more accessible. The United States dominated the North America OTC scar treatment market share. This growth is fueled by easy product availability and higher disposable income levels.
Germany's Attractive OTC Scar Treatment Market
Germany had a significant share of the Europe OTC scar treatment market , making it an appealing market for providers. Established manufacturers in Germany and ongoing research on natural compounds in scar treatment gels contribute to steady market growth with a projected annual increase.
China's Impact on the Global OTC Scar Treatment Market
China played a crucial role in the East Asia OTC scar treatment market and globally. Traditional Chinese medicines' effectiveness in treating skin issues drives market growth, particularly due to a higher tendency for skin hyperpigmentation after injuries in Asian skin types. China remains a key player in the global OTC scar treatment market with a wide range of effective products.
Competitive Landscape:
Key manufacturers of OTC scar treatment products are focusing on expanding their global market presence through extensive marketing and product penetration strategies. The market is characterized by fragmentation, with key players launching new products to enhance their portfolios.
Key Companies Profiled:
- Smith & Nephew PLC
- Merz Inc.
- Enaltus LLC
- Occulus Innovative Sciences Inc.
- CCA Industries Inc.
- Cynosure Inc.
- Avita Medical Limited
- Lumenis
- Syneron Medical Ltd.
- Nutramarks Inc.
- Molnlycke Health Care
- Pacific World Corporation
- Valeant Pharmaceuticals International Inc.
- Shanghai Fosun Pharmaceuticals Ltd. (AC. Alma Lasers)
- SkinCeuticals
- A. Menarini Singapore Pte. Ltd.
OTC Scar Treatment Industry Research Segmentation
By Product:
- Topical Scar Products
- Gels
- Creams/Ointments
- Oils
- Sheets
- Others
By Application:
- Atrophic Scars
- Hypertrophic Scars and Keloids
- Contractures
- Burns
- Stretch Marks
By Distribution Channel:
- Hospitals Pharmacies
- Retail Pharmacies
- E-Commerce
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
For more information about this report visit https://www.researchandmarkets.com/r/90h4uh
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
