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Pharmacy benefit management market
Scar Treatment Silicone Sheet Market Report Overview
The global scar treatment silicone sheet market size was 398.6 million in 2022 & the market is expected to reach 1299 million in 2031, exhibiting a CAGR of 13.8% during the forecast period.
The global COVID-19 pandemic has been unprecedented and staggering, with scar treatment silicone sheet market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market growth and demand returning to pre-pandemic levels once the pandemic is over.
Silicone sheets manufactured from synthetic silicone gel like material used for surgical scar, hypertrophic scars. Silicone gel increases the hydration and eases fibroblast production and collagen decline and protects the scar from bacterial attack. The rise in the number of accidents leading to chronic wounds and their lifelong psychological impact on the patients has activated demand for viable wound care products. The scar treatment silicone sheet is among the most capable product in the field of wound and scar management. The quicker therapeutic process and high success rates are among the major factors that influenced the healthcare industry to promote and adopt these products. Burn treatment was among the most common application that used medical silicone sheets. Gel and silicone scar sheets are the best product solutions that reduce scar appearance. Silicone-based treatment is a major trend observed in the scar treatment market because silicone-based products such as gels and gel sheets are positive at disappearing scars hence, cosmetic surgeons & medical professionals all over the world recommend them. Scar treatment refers to the techniques and procedures engaged for the remedy of acne, keloid, contracture, hypertrophic scars, and others. Scars are visible wound marks caused by surgeries, injuries or infections. Easy usability along with no prominent side effects has encouraged product acceptance in hospitals and clinics. The product is gaining high demand from self-care or homecare uses. Consumers are purchasing these patches for minor wound injuries. The effects of silicone gels which are applied to the skin last for 24 hours. There are various silicone-based scar removal solutions available in the market such as aerogel, scar away & kelo-cote scar gel, and avosil scar care ointment. Silicone-based solutions are effective for healing scars and provide benefits including simple use, sun protection, and bacterial attack prevention which further upsurges consumer demand for such products.
COVID-19 Impact: Pandemic hampered the market due to unexpected disruption in the sector
Covid 19 pandemic has extremely affected the whole world. It caused many unexpected disruption and affected the industry. Covid 19 had negative impact on the market due to economic slowdown, unpredictability in financial sector and high unstable market. The pandemic resulted in decreased demand due to a disrupted supply chain, drop in sales of products, delivery schedules. Travel bans imposed affected business collaboration and partnership. Demand had recently reduced due to travel bans and lockdown during the COVID-19 pandemic. The continuous loss in the business due to the lockdown measures is projected to directly influence the growth of the investments in the market.
Latest Trends
"Use of innovative products to boost the market growth "
Technological improvement and development will further enhance the presentation of the product, allowing it to obtain a varied range of requests in the market. Technological advancement will improve performance and propel the market growth. Technological advancement with high demand are increasingly setting a force to increase the productivity. Some players focus on product improvement to meet consumer requirements and likings. Constant innovation in manufacturing of products is anticipated to stimulate product demand.
Scar Treatment Silicone Sheet Market Segmentation
- By Type Analysis
According to type, the market can be segmented into thin silicone sheet, thick silicone sheet.
Thin silicone sheet capture the maximum market share through forecast period.
- By Application Analysis
According to application, the market can be segmented into hospitals, dermatology clinics, and household.
Scar treatment silicone sheet market players cover segment as hospitals will dominate the market share during forecast period.
Driving Factors
"Growing prevalence of skin diseases to boost the market growth"
The growing occurrences of skin diseases along with the rising consumer awareness about various scar treatment preferences are one of the major driving factors that speed up the scar treatment silicone sheet market growth. Dermatological clinics offer exact and modern technological dealings for cosmetic surgeries that provide operative results and cause nominal uneasiness to the patient.
"Rising incidence of burn related wound to upsurge the market."
The rising number of wounds related to burn leading to long-lasting wounds along with high success rates to treat the wound were the major ascribing factors to motivate the demand. Treatment of burn wounds is among the key issue faced by the healthcare industry across the world.
Restraining Factors
"High cost of treatment and complications to hamper the market growth"
High cost is hampering development of scar treatment silicone sheet market. Scar therapy results in a number of concerns which is also projected to confine the scar treatment market. Complications include skin infections, redness, itching, and soreness which result from using the wrong dosage or medication. Technical difficulties will reduce the industry revenue.
Scar Treatment Silicone Sheet Market Regional Insights
"Asia Pacific to dominate the region due to technological development"
Asia Pacific is further expected to witness growth in the scar treatment silicone sheet market share. The region is dominating the market due to rise in the number of incidents related to burn and accidental scars has increased the sales of these elevated healing products. The rising inhabitants and increasing income levels are also contributing to the development of the market. Upsurge in investments by key market players for the R&D undertakings and enlargement of their production abilities and product portfolios are projected to upsurge the growth. The expansion of regional market is being aided by technological developments.
Key Industry Players
"Key players focus on partnerships to gain competitive advantage"
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.
LIST OF TOP SCAR TREATMENT SILICONE SHEET COMPANIES
- Smith & Nephew (U.K.)
- Perrigo Company (Ireland)
- Molnlycke Health Care (Sweden)
- HansBioMed (South Korea)
- Newmedical Technology (U.S.)
Report Coverage
The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report shows to be an operational tool that players can use to gain a competitive superiority over their opponents and ensure lasting achievement in the market.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 398.6 Million in 2022 |
Market Size Value By |
US$ 1299 Million by 2031 |
Growth Rate |
CAGR of 13.8% from 2022 to 2031 |
Forecast Period |
2022-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered | |
By Type
|
|
By Application
|
Frequently Asked Questions
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What value is the scar treatment silicone sheet market expected to touch by 2031?
Scar treatment silicone sheet market is expected to touch USD 1299 million in 2031.
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What CAGR is the scar treatment silicone sheet market expected to exhibit during 2022-2031?
Scar treatment silicone sheet market is expected to exhibit CAGR of 13.8% during 2022-2031.
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What are the driving factors of the scar treatment silicone sheet market?
The growing occurrences of skin diseases along with the rising consumer awareness about various scar treatment preferences are one of the major driving factors that speed up the scar treatment silicone sheet market growth.
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Which are the key players or most dominating companies functioning in the scar treatment silicone sheet market?
The dominating companies in the scar treatment silicone sheet market are Smith & Nephew, Perrigo Company, Molnlycke Health Care, HansBioMed, and Newmedical Technology.