Press release
Global Keloids Treatment Market 2024 - By Size, Share, Upcoming Trends, Segmentation And Forecast To 2033
Keloids Treatment Market
The Business Research Company's Keloids Treatment Global Market Report 2023 identifies rising incidence of wound and injury cases as the major driver for the Keloids Treatment market's growth in the forecast period. A wound is a physical injury or damage to the body's tissues, typically involving a break in the skin, resulting from various causes such as accidents, surgical procedures, burns, or other traumatic events. The rise in experienced wounds leads to keloid formation, increasing demand for effective treatment options, fostering greater awareness about keloid complications, encouraging research advancements and promoting collaboration among medical professionals.
The keloids treatment market size has grown strongly in recent years. It will grow from $3.91 billion in 2023 to $4.14 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to high prevalence of keloids, growing awareness keloid treatments, increasing incidence of wound and injury-related cases, rise in aesthetic surgeries. The keloids treatment market size is expected to see steady growth in the next few years. It will grow to $4.93 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%.
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Major competitors in the Keloids Treatment market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Novartis AG, Bristol-Myers Squibb Company, AstraZeneca PLC.
A key trend in the Keloids Treatment market includes increasing interest in non-surgical aesthetic procedures. Non-surgical aesthetics are cosmetic treatments that enhance appearance without surgery, addressing specific concerns for a more youthful look. Healthcare providers use non-surgical aesthetic procedures such as laser therapy, cryotherapy, and dermal fillers to alleviate the appearance and symptoms of keloid scars, reducing inflammation, redness, and vascularization. For instance, in April 2022, according to the Aesthetic Society, a US-based plastic and cosmetic surgery organization, the number of non-surgical procedures increased by 44% in 2021. Moreover, the number of procedures for combination lasers and dermal fillers accounted for 431,485 and 1,857,339 in 2021, with an increase of 32% and 4%, respectively. Therefore, rising demand for non-surgical aesthetic procedures will drive the keloid treatment market.
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The Keloids Treatment market is segmented -
• By Treatment: Radiation Therapy, Cryo Therapy, Surgical Treatment, Laser Treatment, Steroid Injections, Interferon, Other Treatments
• By Product Type: Elastic Wraps, Sprays, Ointment, Creams, Oils, Topical Gels And Gel Sheets, Other Products
• By Route Of Administration: Oral, Parenteral
• By End User: Hospitals, Homecare, Dermatology Clinics, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Keloids Treatment market.
The Business Research Company's "Global Keloids Treatment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Keloids Treatment Market Include:
1. Executive Summary
2. Keloids Treatment Market Characteristics
3. Keloids Treatment Market Trends And Strategies
4. Keloids Treatment Market - Macro Economic Scenario
5. Global Keloids Treatment Market Size and Growth
………………………………….
32. Global Keloids Treatment Market Competitive Benchmarking
33. Global Keloids Treatment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Keloids Treatment Market
35. Keloids Treatment Market Future Outlook and Potential Analysis
36. Appendix
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