Press release
Keloids Treatment Market 2024-2033: Competitor Assessment, Industry Size And Major Players
Keloids Treatment Market
As per the report, 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 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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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.
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 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
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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.
Contents of the report:
1. Executive Summary
2. Keloids Treatment Market Report Structure
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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