The new report by Expert Market Research titled, ‘Global Stretch Marks Treatment Market Growth, Share, Size, Price, Trends, Report and Forecast 2023-2028’, gives in-depth analysis of the global stretch marks treatment market, assessing the market based on its segments like treatment, end uses, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2020): USD 1.6 Billion
• Forecast CAGR (2023-2028): 7.9%
• Forecast Market Size (2026): USD 2.2 Million
Stretch marks are becoming more common in people of all ages, which is fueling the growth of the global stretch mark treatment industry. One of the most important causes of stretch marks is the rise in obesity due to increased intake of calorie-dense fatty foods and an inactive lifestyle. Increased demand for stretch mark care is driven by factors such as increased awareness among pregnant women who are especially vulnerable to stretch marks, urbanisation, and effective advertising by manufacturers.
Stretch Marks Treatment Industry Definition and Major Segments
Stretch marks appear as depressed lines on the stomach, hips, breasts, buttocks, and thighs. Stretch marks can develop during pregnancy, especially in the last trimester, as a result of heredity, being overweight, or being obese. Stretch marks do not necessitate medical intervention. They are harmless and can fade out over time.
Based on the treatment, the market is divided into:
• Topical Products
• Oils and Serum
• Fractional Lasers
• Pulse-Dye Lasers
Based on the end-uses, the market is divided into:
• Specialty Dermatology Centres
Based on region, the market is segmented into:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Stretch Marks Treatment Market Trends
Over the forecast period, the stretch mark treatment market is projected to grow at a healthy rate. The market’s expansion is largely attributable to the increasing prevalence of obesity around the world, as well as the rising number of births, which has resulted in an increase in women’s worry about stretch marks. Obesity has tripled globally since 1975, according to the World Health Organization (WHO). About 1.9 billion people were overweight in 2016-2017, with over 650 million of them being obese.
According to the WHO, the majority of the world’s population resides in countries where obesity and overweight kill more people than underweight. Furthermore, both developed and developing countries have a high number of births, which is driving up demand for stretch mark care products. Topical therapy dominates the stretch mark treatment industry. The high cost of other therapies like laser and Microdermabrasion is largely to blame.
Another aspect behind this segment’s growth is the products’ accessibility and ease of use. The majority of females treat their stretch marks at home with creams, lotions, or oils. Furthermore, the cost of these items is lower, making them more accessible to people with low to moderate incomes. Because of better care options and the large target population in this area, North America is projected to hold the largest share of the market studied. Stretch mark care is in high demand in the United States, so businesses are concentrating more on this developed economy.
Key Market Players
The major players in the market are Laboratoires Expanscience, Clarins Group [Groupe Clarins SA], Merz North America, Inc. [Merz GmbH & Co. KGaA], E.T. Browne Drug Co., Inc., Cynosure, Inc. [Hologic, Inc.], Candela Corporation, Union-Swiss (Pty) Ltd., Basq Skincare, The Boppy Company, LLC [Artsana], Helix BioMedix, Inc., Weleda AG, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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