Keloid Treatment Market Growth and Major key players operating in the market are GlaxoSmithKline, Avita Medical, Pacific World Corporation, Bristol-Myers Squibb Company, Renovo Group, Novartis, Valeant Pharmaceuticals International, RXi Pharmaceuticals an

Precision Business Insights published a research report "Global Keloid Treatment Market By Type (Compression Therapy, Intralesional Corticosteroid Injections, Occlusive Dressing, Excision, Cryosurgery, Laser Therapy, Radiation Therapy, Interferon Therapy), By End User (Hospitals, Beauty Centres, Dermatology Clinics, Others) and Geography- Global/Region/Country Forecast to 2027", Global Keloid Treatment Market was valued at USD 3620 Million in 2020 and is anticipated to grow at USD 5372 Million till 2027 recording a CAGR of 5.8% during the forecast period 2021-2027.

Glance our 200 slides market research and competitive intelligence research report, 25 Tables and 65 Figures and other qualitative sections with an in-depth TOC on "Global Keloid Treatment Market By Type (Compression Therapy, Intralesional Corticosteroid Injections, Occlusive Dressing, Excision, Cryosurgery, Laser Therapy, Radiation Therapy, Interferon Therapy), By End User (Hospitals, Beauty Centres, Dermatology Clinics, Others) and Geography- Global/Region/Country Forecast to 2027".

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Increasing Lifestyle Changes will drive the Global Keloid Treatment Market Growth

Excess of a protein in one’s skin during cure process after an injury causes raised scar, which is known as keloid. Keloid treatment greatly helps to flatten, soften and shrink the keloid as they are tough to get rid of entirely. Healthcare experts generally give combination treatment for obtaining high treatment efficiency rates. Keloid scar can reduce over a period. Keloid scars are generally found in people of age group 10-30 years Keloid scar cases are hugely seen in Asian, African as well as American People. Acquisitions, mergers, collaborations and new product introduction are some of the effective strategies followed by the industries of the market in order to strengthen their place in the market. For Instance, Lumenis acquired An Israel aesthetic company named Pollogen Ltd for expanding its product portfolio in the year 2015. Key players of this market are also bringing new technologies in the market.

Keloids are fibroproliferative dermal tumor. There are several factors that fuel the keloid treatment market such as growing awareness amid people about keloids treatment and increasing technological developments. In addition, increase in personal care expenses, lifestyle changes, huge inclination towards different treatment options and increase in beauty consciousness are the crucial factors, which are anticipated to drive the market growth. On the other hand, high cost of treatment, lack of awareness and unfavorable effects related to treatment are the factors, which can hinder the market growth.

Impact of COVID-19 on Keloid Treatment Market:

In addition, the report discusses the implications of COVID-19, including the industry's initial response and strategies for ensuring business continuity in the coming years.

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North America to dominate the Keloid Treatment Market during forecast period

Keloid Treatment Market in North America is anticipated to dominate owing to high expenditure on personal appearance and high disposable earnings. Almost 10Mn surgical as well as non-surgical aesthetic surgeries were recorded in U.S in the year 2014 according to the statistics of American Society of Plastic Surgeons. Europe market is driven by the factors like increase in awareness about scar treatments and newly introduced technologies in the region. Increase in per capita income and growing awareness about looks and health related problems are the factors enhance the fast growth in Asia Pacific region.

Competitive Analysis

There are some major players operating in Global Keloid Treatment Market such as GlaxoSmithKline Plc. (UK), Avita Medical (UK), Pacific World Corporation (U.S.), Bristol-Myers Squibb Company (U.S.), Renovo Group plc. (UK), Novartis AG (Switzerland), Valeant Pharmaceuticals International Inc., (Canada), RXi Pharmaceuticals, Inc. (U.S.) and Galena Biopharma, Inc., (U.S.).

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