Report ID: UCMIG35A2523
Report ID:
UCMIG35A2523 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
From 2022 to 2030, the market for treatments for hypertrophic and keloid scars is projected to grow at a CAGR of 8.47%, reaching a market value of USD 6.34 billion. The market has grown over the years in part due to factors like an increase in the number of burn cases and traffic accidents, as well as technological advancements and growing public awareness of the accessibility of aesthetic surgery. The hypertrophic & keloid scar treatment market is predicted to be driven by the rise in burn incidents and traffic accidents worldwide. Road accidents claim the lives of almost 1.35 million people annually, according to the Association for Safe International Road Travel. In addition, 4.4 million Americans have serious injuries, claims a comparable source. Moreover, India registered 449,002 accidents for the year 2019, based on the Ministry of Transportation and Highways. As a result, throughout the forecast period, the global increase in the number of incidents is expected to boost the hypertrophic & keloid scar treatment market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Equipment by segment aggregation, the contribution of the Health Care Equipment in Health Care Equipment & Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG35A2523