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Keloids Treatment Global Market Report 2024: Key Players, Demand Patterns And Forecasts 2033 | Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Novartis AG, Bristol-Myers Squibb Company
Keloids Treatment Market Share
The Business Research Company offers in-depth market insights through Keloids Treatment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to increasing expenditure on personal care products, government initiatives, increasing emphasis on scar prevention strategies, investments on keloids treatments. Major trends in the forecast period include advancements in treatment modalities, innovation in medical technologies, adanced minimally invasive procedures on keloids treatment, combination therapies, laser technology, scar management products.
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Market Segmentation:
The main types of keloids treatment are radiation therapy, cryotherapy, surgical treatment, laser treatment, steroid injections, interferon and others. Radiation therapy is a medical treatment that uses high doses of targeted radiation to target and destroy abnormal cells, such as keloid cells, aiming to inhibit the overgrowth of cells and reduce the size of keloids, which helps prevent keloid recurrence by damaging the cells that contribute to their formation. Keloids treatment also includes products such as elastic wraps, sprays, ointments, creams, oils, topical gels and gel sheets and others administered orally and parenterally by end users such as hospitals, homecare, dermatology clinics and others.
Keloids Treatment Global Market Report 2023 provides data on the global keloids treatment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The keloids treatment market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Surge In Wound And Injury Cases Fuels Keloid Treatment Market Growth
The rising incidence of wound and injury cases is expected to propel the growth of the keloid treatment market going forward. 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. For instance, in November 2022, according to the U.S. Bureau of Labor Statistics, a US-based government agency, there was a 6.3% rise in the total reported injury cases, reaching 2.2 million cases in 2021, compared to 2.1 million cases in 2020. Moreover, the injury rate increased as private industry employers reported 2.3 cases per 100 full-time equivalent (FTE) workers in 2021, up from 2.2 cases in 2020. Therefore, the rising incidence of wound and injury cases will drive the growth of the keloid treatment market.
Competitive Landscape:
Major players 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.
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Top Trend - Innovative Silicone Scar Treatment Solutions Redefines The Keloid Treatment
Major companies operating in the keloid treatment market are focused on developing innovative scar management technologies, such as scar-erase silicone strips, to gain competitive advantages in the market. For instance, in April 2023, Scar Erase, a UK-based scar treatment company, launched Scar Erase silicone strips as a solution for treating scars. These are made from 3 mm of medical-grade silicone and have been clinically proven to improve scar appearance and promote healing. These reusable, vegan and cruelty-free technology strips are designed to offer an affordable and convenient at-home scar treatment option suitable for various scar types, including hypertrophic, keloid, post-surgery and stretch marks. It also involves encapsulating the scar with silicone to hydrate it and create an optimal healing environment. This reduces collagen formation and improves scar texture, color and height, providing effectiveness and comfort.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Keloids Treatment Market Characteristics
3. Keloids Treatment Market Trends And Strategies
4. Keloids Treatment Market - Macro Economic Scenario
5. Keloids Treatment Market Size And Growth
…..
27. Keloids Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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