Keloid Treatment Market Development Accelerated by Consumer Focus on Aesthetic Improvements and Advanced Therapeutics

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 2034."

According to the latest research by InsightAce Analytic, the Global Keloid Treatment Market is valued at USD 3.7 Bn in 2024 , and it is expected to reach USD 5.1 Bn by the year 2034, with a CAGR of 3.4% during a forecast period of 2025-2034.

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A keloid is an abnormally thickened, elevated scar that typically presents with a pink or purple discoloration and irregular shape. These scars develop progressively and can enlarge over time. The increasing incidence of road traffic accidents and burn injuries is expected to significantly drive growth in the hypertrophic and keloid scar treatment market. Road accidents, defined as collisions involving at least one vehicle and a human on public roadways, contribute notably to the rise in trauma-related scarring, thereby increasing demand for effective treatment solutions.

Advancements in technology are anticipated to enhance corporate profit margins by introducing more efficient treatment modalities. Among these, laser therapy has gained substantial popularity as a preferred method for scar treatment and removal. The rising number of burn injuries has further fueled demand for keloid scar management solutions. Treatments such as plastic surgery and resurfacing laser procedures are commonly employed to minimize the appearance of these scars. Additionally, several companies are actively launching innovative laser-based devices specifically designed for scar treatment, thereby contributing to market expansion.

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 rising incidence of keloid formation-often resulting from surgical procedures, traumatic injuries, or genetic predispositions-has led to an expanding patient population actively seeking treatment, thereby driving growth in the keloid treatment market. Furthermore, continuous advancements in technology have introduced more effective therapeutic options. Innovative modalities such as laser therapies, cryotherapy systems, and other advanced technologies offer improved precision and efficacy in managing keloid scars, further supporting market expansion.

Challenges:
Despite promising growth, the keloid treatment market faces several challenges that may hinder the development and widespread adoption of treatment modalities. Some procedures, including surgical excision and radiation therapy, are associated with risks and potential side effects, necessitating a careful assessment of their benefits versus drawbacks. Moreover, the complex and time-intensive regulatory approval process for new therapies can delay the introduction of breakthrough treatments into the market.

Regional Trends:
North America is anticipated to command a significant share of the keloid treatment market and is projected to grow at a robust CAGR in the coming years. The adoption of advanced treatment technologies by healthcare facilities, coupled with strong investment in research and development, contributes to the region's market leadership. High disposable income and an increased focus on aesthetic healthcare further fuel market growth.

Meanwhile, the Asia-Pacific region is expected to experience rapid growth due to several contributing factors, including a growing prevalence of dermatological conditions, heightened attention to cosmetic appearance, increasing population, rising disposable income, and expanding healthcare expenditures. These dynamics are collectively expected to drive substantial demand for keloid treatment solutions across the region.

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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

Read Overview Report- https://www.insightaceanalytic.com/report/keloid-treatment-market/2058

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.