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What fueled the previous growth in the Keloids Treatment market?

The market size for keloid treatments has seen a robust growth in the past few years. It is projected to expand from $4.14 billion in 2024 to $4.37 billion in 2025, marking a compound annual growth rate (CAGR) of 5.5%. The growth during the prior years was primarily driven by higher occurrences of keloids, increased awareness about keloid treatments, and a surge in wound and injury-related cases, along with a rise in cosmetic surgeries.

What will be the keloids treatment market size in the future?

The market for keloids treatment is predicted to experience consistent expansion in the upcoming years, reaching a value of $5.17 billion in 2029 with a compound annual growth rate (CAGR) of 4.3%. The projected rise during the forecast period can be ascribed to factors such as increased spending on personal care items, government support, emphasis on preventing scars, and investment in keloids treatments. Key developments anticipated during the forecast period include progress in treatment methods, medical technology innovations, the evolution of minimally invasive keloids treatment procedures, combination therapies, laser technology, and scar management products.

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What main drivers are fueling expansion in the keloids treatment market?

The escalating occurrence of injuries and wounds is anticipated to spur the ascent of the keloid treatment market in the future. Wounds are physical harm to body tissues, usually involving a breach in the skin, caused by various events like accidents, surgical procedures, burns, or other traumas. The increased frequency of such wounds contributes to keloid formation, bolstering the requirement for efficacious treatment options, augmenting consciousness about keloid complications, supporting advanced research, and enhancing collaboration among healthcare professionals. For instance, the Bureau of Labor Statistics, a US government agency, stated in December 2023 that the number of fatal workplace injuries in the United States climbed to 5,486 in 2022, a 5.7% increase from 5,190 in 2021, emphasizing a considerable rise in industrial mishaps. Consequently, the escalating occurrence of injuries and wounds will catalyze the growth of the keloid treatment market. The evolution of the Keloid Treatment Market hinges on the growing demand for Non-Surgical Aesthetic Procedures. The progressing attraction towards non-surgical aesthetic procedures is presumed to augment the keloid treatment market. Non-surgical aesthetic treatments are cosmetic treatments carried out without surgery that cater to specific concerns for a younger appearance. To mitigate symptoms and appearance of keloid scars, healthcare practitioners utilize non-surgical aesthetic procedures like laser therapy, cryotherapy, and dermal fillers, consequently reducing inflammation, redness, and vascularization. For example, in September 2023, according to the International Society of Aesthetic Plastic Surgery, a US-based organization, plastic surgeons globally performed over 14.9 million surgical and 18.8 million non-surgical procedures in 2022, denoting a total rise of 11.2%. Hence, the burgeoning demand for non-surgical aesthetic procedures will propel the keloid treatment market.

What key areas define the segmentation of the global keloids treatment market?

The keloids treatment market covered in this report is segmented –

1) By Treatment: Radiation Therapy, Cryo Therapy, Surgical Treatment, Laser Treatment, Steroid Injections, Interferon, Other Treatments

2) By Product Type: Elastic Wraps, Sprays, Ointment, Creams, Oils, Topical Gels And Gel Sheets, Other Products

3) By Route Of Administration: Oral, Parenteral

4) By End User: Hospitals, Homecare, Dermatology Clinics, Other End Users

Subsegments:

1) By Radiation Therapy: Post-Surgical Radiation Therapy, Pre-Surgical Radiation Therapy

2) By Cryo Therapy: Cryosurgery, Cryoablation

3) By Surgical Treatment: Excision, Revision Surgery

4) By Laser Treatment: Fractional Laser, Pulsed Dye Laser

5) By Steroid Injections: Triamcinolone Acetonide, Betamethasone

6) By Interferon: Interferon-Alpha, Interferon-gamma

7) By Other Treatments: Silicone Gel Sheets, Topical Treatments

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Who are the dominant players expanding their reach in the keloids treatment market?

Major companies operating in the keloids treatment market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Novartis AG, Bristol-Myers Squibb Company, AstraZeneca PLC, GlaxoSmithKline plc., Eli Lilly and Company, Mylan N.V., Galderma S.A., Sun Pharmaceutical Industries Ltd., Molnlycke Health Care AB, Cynosure Inc., Cutera Inc., Alliance Pharma PLC, Revance Therapeutics Inc., Sensus Healthcare, Strata Skin Sciences, Avita Medical Limited, Pacific World Corporation, Mederma, Stratpharma AG, Sonoma Pharmaceuticals Inc., RXi Pharmaceuticals Inc., Biodermis, Novoxel Ltd., Scar Heal Inc., Galena Biopharma Inc.

How are evolving market trends shaping keloids treatment Strategies?

Key players in the keloid treatment industry are concentrating on the innovation of techniques that can manage scars, like scar-erase silicone strips, in order to carve out a competitive edge in the market. For instance, in April 2023, Scar Erase, a British company dedicated to scar treatments, introduced the Scar Erase silicone strip, a revolutionary approach to scar therapy. These strips, fabricated from 3 mm of medical-grade silicone, have been demonstrated in clinical trials to enhance scar appearance and stimulate healing. Crafted to be reusable, vegan, and cruelty-free, these technology strips present a cost-conscious and practical home-based option for treating varying types of scars, such as hypertrophic, keloid, post-opt cosmetic surgery, and stretch marks. This treatment entails encasing the scar in silicone to keep it hydrated and facilitate the best possible healing conditions. This action leads to a reduction in collagen production and enhances the texture, color, and height of the scar, thereby offering effectiveness and comfort.

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Which regions are emerging as leaders in the keloids treatment market?

North America was the largest region in the keloids treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in keloids treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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