Keloid Treatment Market in 2022: Forecast to Reach $4.72 Bn by 2031.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Keloid Treatment Market- (By Treatment (Occlusive Dressing, Compression Therapy, Cryosurgery, Excision, Radiation Therapy, Laser Therapy, Interferon Therapy, Intralesional Corticosteroid Injections, Others), By End-User (Hospitals, Dermatology Clinics, Ambulatory Surgical Clinics (ASCs), Others)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Keloid Treatment Market is valued at US$ 3.54 Bn in 2022, and it is expected to reach US$ 4.72 Bn by 2031, with a CAGR of 3.4% during a forecast period of 2023-2031.

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A keloid is a thicker scar that rises above the skin. It's typically pink or purple. Keloids are irregularly shaped scars that develop on the skin and gradually grow in size. A rise in the frequency of automobile accidents and burn cases is predicted to drive the hypertrophic and keloid scar treatment market forward. A road accident is one that happens on the road and involves at least one car and humans. Technological innovation is projected to improve the corporate margin even further.

Laser therapy for scar treatment and removal is becoming increasingly popular. The growth in burn damage cases has also raised the demand for keloid scar treatments. Plastic procedures or resurfacing laser therapies are often used to eliminate these marks. Furthermore, numerous companies are introducing novel laser therapy scar treatment devices.

List of Prominent Players in the Keloid Treatment Market:
• Novartis AG
• Sensus Healthcare
• RXi Pharmaceuticals, Inc.
• Sonoma Pharmaceuticals, Inc.
• Perrigo Company plc.
• Bristol-Myers Squibb Company
• Pacific World Corporation
• Valeant Pharmaceuticals International, Inc.
• Revitol Corporation
• Avita Medical Limited.
• F. Hoffmann-La Roche Ltd. (Switzerland),
• Mylan N.V. (U.S.),
• Pfizer Inc. (U.S.),
• GSK plc (U.K.),
• Novartis AG (Switzerland),
• AstraZeneca (U.K.),
• Sun Pharmaceutical Industries Ltd. (India),
• Merck & Co., Inc. (U.S.),
• Lilly (U.S.),
• Renovo Group plc (U.K.),

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Market Dynamics:
Drivers-
The increasing prevalence of keloid formation as a result of variables like surgical treatments, trauma, and hereditary susceptibility has resulted in a bigger patient pool seeking therapy. This growing demand propels the keloid treatment industry forward. Technological advancements are creating more effective keloid treatment methods. Laser therapies, cryotherapy equipment, and other cutting-edge technology provide more accurate and effective keloid scar management.

Challenges:
The keloid therapy market faces a number of problems that may have an impact on the development, adoption, and efficacy of treatment methods. Some treatments, including surgery or radiation therapy, are associated with difficulties and adverse effects. In therapeutic decision-making, the possible advantages and dangers must be balanced. The regulatory approval process for novel treatments can be time-consuming and complex, delaying the market release of revolutionary therapies.

Regional Trends:
The North American Keloid Treatment Market is expected to record a major market share in revenue, and it is projected to grow at a high CAGR in the near future. Clinics in North America are implementing cutting-edge keloid treatment technology. The quick expansion of the keloid treatment market in this region is due to the development of new technologies, products, and alternative treatments and the high disposable income of the people in this region.

Asia-Pacific is likely to grow rapidly due to the rising prevalence of skin caries, increased focus on appearance and aesthetics in developing countries, rising population, increasing disposable income, and rising healthcare expenditure, all of which are expected to boost the keloid treatment market in Asia-Pacific.

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Recent Developments:
• In Oct 2022, Sensus Healthcare, Inc. made an announcement on the publishing of a retrospective study. The study demonstrates that the combination of keloidectomy followed by superficial radiation therapy (SRT) results in a recurrence rate of approximately 10%. This is in stark contrast to the anticipated recurrence rate of over 80% when surgical excision is performed as a standalone treatment.

Segmentation of Keloid Treatment Market-
By Treatment-
• Occlusive Dressing
• Compression Therapy
• Cryosurgery
• Excision
• Radiation Therapy
• Laser Therapy
• Interferon Therapy
• Intralesional Corticosteroid Injections
• Others
By End-User-
• Hospitals
• Dermatology Clinics
• Ambulatory Surgical Clinics (ASCs)
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.