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(Health-NewsWire.Net, September 13, 2021 ) Scar Dressings Market size is estimated to reach $853.8 million by 2026, growing at a CAGR of 14.3% during the forecast period 2021-2026. A Scar is a natural part of the body's healing process that replaces normal skin after an injury. Scar dressings are generally used in the treatment of hypertrophic and keloid scars to improve the appearance and also prevent the formation of scars. Scar dressings are increasingly being adopted across the world owing to the growing demand for various treatments of scars.
The rise in the prevalence of stretch marks owing to the sudden weight changes, rise in the demand for sterile pads to stem the flow of blood and clean the wound area with disinfectants, increasing demand for iodopovidone for disinfecting the hands of healthcare providers, and growing investment by the key players to develop advanced scar dressings are the factors that are set to drive the growth of the Scar Dressings Market for the period 2021-2026.
Scar Dressings Market Segment Analysis-By Product Type
The Scar Dressings Market based on the Product Type can be further segmented into Sterile Dressings and Non-sterile Dressings. The Sterile Dressings segment held the largest share in 2020 and is also estimated to be the fastest growing segment with a CAGR of 15.2% over the period 2021-2026. This growth is owing to the factors such as the rise in the adoption of sterile pads and the growing demand for sterile dressings that are free from microorganisms.
The growing investments by the key players in research and development activities for developing advanced sterile dressings is driving the growth of the Scar Dressings Market. The Non-sterile Dressings segment held the second largest share in 2020 owing to the factors such as the growing prevalence of stretch marks and the rise in the product launches by key players.
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Scar Dressings Market Segment Analysis-By End User
The Scar Dressings Market based on the End User can be further segmented into Hospital, Community Centers, and Others. The Hospital segment held the largest share in 2020 owing to the factors such as the increase in the adoption of sterile dressings for the treatment of hypertrophic scars in hospitals and rise in the investment by the key players to develop advanced scar dressings for the treatment of various scars in hospitals.
The rise in the adoption of iodopovidone for disinfecting the hands of healthcare providers is driving the growth of the Scar Dressings Market. The Community Centers segment is estimated to be the fastest growing segment with a CAGR of 15.4% over the period 2021-2026. This growth is owing to the factors such as the rise in the demand for sterile pads for treating open wounds in community centers and growing awareness among the patients about the treatment of scars in community centers.
Scar Dressings Market Segment Analysis-By Geography
The Scar Dressings Market based on the Geography can be further segmented into North America, Europe, Asia-Pacific, South America, and Rest of World. North America held the largest share with 34% of the overall market in 2020. The growth in this segment is owing to the factors such as the rise in the prevalence of stretch marks owing to the sudden weight changes and an increase in the product launches by key players.
The increasing demand for iodopovidone for disinfecting the hands of healthcare providers is driving the growth of the Scar Dressings Market. Asia-Pacific segment is estimated to be the fastest growing segment over the period 2021-2026. The growth in this segment is owing to the factors such as the rise in the demand for sterile pads to stem the flow of blood and clean the wound area with disinfectants and growing investment by the key players to develop advanced scar dressings.
Scar Dressings Market Drivers
Rise in the Adoption of Sterile Pads
Sterile pads are increasingly being used for open wounds to stem the flow of blood and clean the wound area with disinfectants. These sterile pads are also used for the primary treatment of infected and highly exudative wounds as dressings in the outpatient department for minor surgeries, which is further propelling the growth of the Scar Dressings Market.
Increase in the Prevalence of Hypertrophic Scars
The rise in the prevalence of hypertonic scars owing to the growing number of skin injuries has propelled the demand for sterile dressings and sterile pads for cushioning and cleaning at the risk of injection. The key players in developed nations are focusing on developing advanced sterile pads for the treatment of hypertonic scars, which is one of the major factors driving the growth of the Scar Dressings Market.
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Scar Dressings Market Challenges
Rise in the Availability of Substitute Products
The key players in the market are collaborating with other players to carry out various research and development activities for launching advanced scar dressings for the treatment of various scars. However, the rise in the availability of substitute products for scar treatment is one of the major factors that is estimated to reduce the growth of the Scar Dressings Market.
Scar Dressings Market Competitive Landscape:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the Scar Dressings Market. Key companies of this market are Medtronic plc, Alliqua BioMedical, Smith and Nephew plc, Acelity L.P. Inc, BSN Medical GmbH, 3M Company, Integra LifeSciences Holdings Corporation, Coloplast A/S, AxioBiosolutions, and Mlnlycke Health Care AB among others.
Acquisitions/Product Launches:
In December 2020, Coloplast A/S has launched Biatain Fiber, a scar dressing for the treatment of deep wounds and to absorb and retain exudate to lock in bacteria and also for minimizing the risk of gap creation.
In December 2020, Integra LifeSciences Holdings Corporation has acquired ACell, Inc to expand the regenerative capabilities and to develop advanced dressings to enhance the body’s ability to minimize scarring
In April 2020, AxioBiosolutions has launched MaxioCel to provide faster healing to patients suffering from scars and to have a range of innovative dressings spanning pre-hospital and post-operative clinical needs.
Key Takeaways
Geographically, North America Scar Dressings Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the rise in the demand for iodopovidone for disinfecting the hands of healthcare providers.
The increase in the adoption of sterile dressings for the treatment of hypertrophic scars in hospitals is driving the Hospitals segment. However, the rise in the availability of substitute products for scar treatment is one of the major factors that is said to reduce the growth of the Scar Dressings Market.
Detailed analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Scar Dressings Market report.
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A. scar treatment market
https://www.industryarc.com/Report/18463/scar-treatment-market-research-report-analysis.html
B. Keloid Treatment Market
https://www.industryarc.com/Report/15926/keloid-treatment-market.html
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