Global Keloid Treatment Market size is expected to Reach USD 3.9 billion by 2023 and is expected to increase at a CAGR of 3.5 % during the forecast period from 2018 to 2023.
Keloid Treatment Market in which the scars involves complete skin rejuvenation, which in turn, improves a person’s aesthetic appeal By Products (Elastic Wraps, Ointment), by Treatment (Radiation Therapy, Cry Therapy, Surgical Treatment, Laser Treatment, Laser Treatment, Interferon)
Keloid is the abnormal formation of scar tissue that forms at the site of cutaneous injury mostly at the site of surgical incision or trauma. Keloids can also appear after surgery or injury, but it can also occur on the skin with minor inflammation such as acne on the chest.
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Growing awareness among patients about the new technological advancement in keloid treatment is the key factors that drive the growth of the market. Sometimes other minor injuries that can also trigger keloids are cosmetic piercings and burns.
Competitive Dashboard:
The key players in the market are engaged in developing new technological advancement in keloid treatment to shift from monotherapy to combination therapy to maintain its market position. Some of the Major Market Drivers are Given Bellow-
Perrigo Company plc
Sonoma Pharmaceuticals Inc.
Pacific World Corporation
Revitol Corporation Avita Medical Limited
Bristol-Myers Squibb Company
RXi Pharmaceuticals Inc
Sensus Healthcare
Valeant Pharmaceuticals International Inc
Novartis AG.
Market Segmentation:
The global keloid treatment market has been segmented into product, treatment, and end-users.
on the basis of product has been segmented into elastic wraps, sprays, ointment, creams, oil, topical gels & gel sheets.
on the basis of treatment is further segmented into ligature, radiation therapy, cry therapy, surgical treatment, laser treatment, steroid injections, corticosteroid injections (intralesional steroids), silicone gel or sheeting, interferon
On the basis of end user, the market has been segmented into dermatology clinics, hospitals, ambulatory surgical centres.
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Keloid Treatment Market Regional Overview
The market in the Americas is expected to dominate the keloid treatment market during the forecast period owing to the rising demand for keloid treatment, increasing cosmetics expenditure, and rising popularity of keloid skin problems among the people. Additionally, clinics in North America are adopting advanced treatment that can reduce the risk of occurrence of the keloid. The European market is expected to be the second-largest due to government funding and support of the healthcare sector coupled with the growing incidence of keloid skin problems, whereas the keloid treatment market in Europe is expected to increase due to rising awareness and favorable reimbursement for skin treatment.
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