The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Keloids Treatment Global Market Report 2023, the keloids treatment market is expected to show significant growth in the forecast period.

The keloids treatment market has experienced robust growth in recent years, witnessing an increase from $3.91 billion in 2023 to $4.14 billion in 2024, with a notable compound annual growth rate (CAGR) of 5.7%. Looking ahead, the market is anticipated to continue its upward trajectory, reaching $4.93 billion in 2028 at a steady CAGR of 4.5%. This growth is underpinned by various factors, including increased expenditure on personal care products, government initiatives, a focus on scar prevention, and investments in keloids treatments.

Growth Drivers

• Expenditure on Personal Care Products: A rising trend in spending on personal care products contributes to increased demand for keloids treatment.
• Government Initiatives: Supportive government initiatives play a vital role in advancing research, development, and accessibility in the field of keloids treatment.
• Emphasis on Scar Prevention Strategies: A growing emphasis on scar prevention strategies fuels the demand for innovative keloids treatments.
• Investments in Keloids Treatments: Increasing investments in the research and development of keloids treatments contribute to market expansion.

Non-Surgical Aesthetic Procedures Propel Market Forward

The growing interest in non-surgical aesthetic procedures emerges as a significant driver propelling the keloid treatment market. Non-surgical aesthetics offer cosmetic solutions without the need for surgery, addressing specific concerns for a more youthful appearance. Non-surgical aesthetic procedures, including laser therapy, cryotherapy, and dermal fillers, are utilized by healthcare providers to alleviate the appearance and symptoms of keloid scars. Statistics from the Aesthetic Society in April 2022 highlight a 44% increase in non-surgical procedures in 2021, with a notable surge in procedures combining lasers and dermal fillers. This rise in demand for non-surgical aesthetic procedures is expected to play a pivotal role in driving the keloid treatment market.

Noteworthy Statistics

• Non-Surgical Procedures Increase: The Aesthetic Society reports a 44% increase in non-surgical procedures in 2021, showcasing the growing popularity of non-invasive treatments.
• Laser and Dermal Filler Procedures: Procedures combining lasers and dermal fillers see significant increases, indicating a preference for combination therapies.

Innovation in Silicone Scar Treatment Solutions

Major players in the keloids treatment market are focusing on innovative scar management technologies to gain a competitive edge. Scar Erase, a UK-based scar treatment company, introduced Scar Erase silicone strips as an innovative solution for treating various types of scars, including keloids. These silicone strips, made from medical-grade silicone, have been clinically proven to improve scar appearance and promote healing. The reusable, vegan, and cruelty-free strips provide an affordable and convenient at-home scar treatment option, encapsulating the scar to hydrate it and create an optimal healing environment. This approach reduces collagen formation, enhancing scar texture, color, and height.

View More On The Keloids Treatment Market Report 2023 – https://www.thebusinessresearchcompany.com/report/keloids-treatment-global-market-report

Innovation Highlights

• Scar Erase Silicone Strips: Reusable silicone strips by Scar Erase offer an affordable and convenient at-home scar treatment option, showcasing effectiveness and comfort.

Strategic Acquisition Propels Leadership

In a strategic move, Alliance Pharma PLC acquired ScarAway from Perrigo Co. PLC for $19.4 million in March 2022. This acquisition strengthened Alliance Pharma’s presence in the US consumer healthcare market, diversified its product portfolio, established a global brand, enhanced revenue, and positioned the company as a market leader in scar treatment. ScarAway, a US-based scar treatment brand specializing in keloids, added significant value to Alliance Pharma’s growth strategy.

Strategic Acquisition Impact

• Diversification of Product Portfolio: Alliance Pharma’s acquisition of ScarAway diversifies its product portfolio, expanding its offerings in the scar treatment market.
• Establishment of a Global Brand: The acquisition helps Alliance Pharma establish a global brand presence in scar treatment, reinforcing its leadership position.

Market Segmentation and Regional Dynamics

Understanding the nuances of the keloids treatment market involves examining its segmentation and regional dominance.

Market Segmentation

1. Treatment:
   • Radiation Therapy
   • Cryo Therapy
   • Surgical Treatment
   • Laser Treatment
   • Steroid Injections
   • Interferon
   • Other Treatments
2. Product Type:
   • Elastic Wraps
   • Sprays
   • Ointment
   • Creams
   • Oils
   • Topical Gels and Gel Sheets
   • Other Products
3. Route of Administration:
   • Oral
   • Parenteral
4. End User:
   • Hospitals
   • Homecare
   • Dermatology Clinics
   • Other End Users

Regional Insights

• North America: Emerged as the largest region in the keloids treatment market in 2023, showcasing a robust healthcare infrastructure and high awareness levels.
• Asia-Pacific: Expected to be the fastest-growing region in the forecast period, driven by increasing healthcare awareness and a growing patient population.

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The Keloids Treatment Global Market Report 2023  provides an in-depth analysis on the keloids treatment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the keloids treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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