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How Rapidly is the Keloids Treatment Market Expected to Expand Between 2025 and 2034 Based on Current Trends?

In recent times, the keloids treatment market has seen robust growth. The market, which is expected to expand from $4.14 billion in 2024, is estimated to reach $4.37 billion in 2025 with a compound annual growth rate (CAGR) of 5.5%. This growth during the historic period can be attributed to the high occurrence of keloids, increased awareness of keloid treatments, a rising number of wound and injury-related cases, and an increase in cosmetic surgeries.

Anticipations suggest a stable expansion of the keloids treatment market size in the upcoming years. The market is forecasted to amplify to $5.17 billion by 2029, marking a compound annual growth rate (CAGR) of 4.3%. The estimated growth during the forecast period can be credited to factors like rising expenditures on personal grooming items, governmental measures, growing focus on scar prophylaxis methods, and investments directed towards keloids treatments. Noteworthy trends during this period include improvements in treatment methods, breakthroughs in healthcare technology, enhanced minimally invasive procedures in keloids treatment, consolidated therapies, laser technology, and products for managing scars.

What External and Internal Drivers Are Contributing to the Growth of the keloids treatment Market’s Growth?

The keloid treatment market is predicted to expand due to the escalating number of wounds and injuries. Wounds, which are injuries or damages to body tissues typically caused by accidents, surgeries, burns, or other traumatic experiences, often result in the formation of keloids. The mounting number of cases contributes to the rising demand for effective treatment options, thus increasing awareness of keloid issues, furthering research, and enhancing medical collaboration. To exemplify, data from the Bureau of Labor Statistics, a US-based government body, released in December 2023, showed that fatal work injuries in the US rose by 5.7% to 5,486 in 2022 from 5,190 in previous year, highlighting a significant increase in industrial accidents. Consequently, the rising wound and injury incidence will fuel the keloid treatment market’s growth. Keloid Treatment Market Driver: The Surge of the Keloid Treatment Market Triggered by Increasing Preference for Non-Surgical Aesthetic Procedures

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Which Key Players Are Shaping the Future of the Keloids Treatment Market?

Major companies operating in the keloids treatment market are:

• Pfizer Inc._x000D_

• F. Hoffmann-La Roche Ltd._x000D_

• Merck & Co. Inc._x000D_

• Novartis AG_x000D_

• Bristol-Myers Squibb Company_x000D_

How Are the Latest Trends Influencing the Growth of the Keloids Treatment Market?

Key players in the keloid treatment market are concentrating efforts on establishing innovative scar care technologies, such as scar-erase silicone strips, to secure a competitive edge. In an illustration of this, Scar Erase, a UK-based company specialising in scar treatment, introduced their Scar Erase silicone strips as a scar therapy solution in April 2023. Developed using 3 mm of medical-standard silicone, these strips have garnered clinical validation for enhancing scar appearance and promoting healing. Designed to be reusable, vegan, and cruelty-free, these technology strips present an accessible and cost-effective treatment option for diverse scar categories, encompassing hypertrophic, keloid, post-operative and stretch marks, right at the comfort of one’s home. The process involves enveloping the scar with silicone to provide hydration and foster an ideal healing environment, contributing to a reduction in collagen formation and improvement of scar texture, colour and size, while ensuring efficacy and comfort.

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What Are the Core Segments of the Keloids Treatment Market, and How Do They Contribute to Growth?

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

What Regions Are At the Forefront of Keloids Treatment Market Expansion?

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.

How Can We Define the Keloids Treatment Market and Its Key Components?

Keloids refer to raised, thickened scars that extend beyond the original boundaries of a wound or injury. These scars result from an overgrowth of collagen during the healing process, leading to a firm, often discolored and sometimes uncomfortable or itchy area on the skin. Keloids can be treated using various medical interventions and approaches tailored to the individual’s condition and the severity of the keloid.

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