A Detailed Analysis of the Keloid Treatment Market Based on a Growing Focus on the Medical Sector, Product Regulations, and Improvements in Technology
Industry: Healthcare
Published Date: January-2024
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 223
Report ID: PMRREP33920
The global keloid treatment market is forecasted to expand at a CAGR of 4.0% and thereby increase from US$ 5,000.0 million in 2023 to US$ 6,579.7 million by the end of 2030.
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Attributes |
Key Insights |
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Keloid Treatment Market Size (2023E) |
US$ 5,000.0 Million |
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Projected Market Value (2030F) |
US$ 6,579.7 Million |
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Global Market Growth Rate (2023 to 2030) |
4.0% CAGR |
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Historical Market Growth Rate (2018 to 2022) |
3.0% CAGR |
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Revenue Share of Top Four Countries (2022E) |
45% |
Keloids are atypical, elevated proliferations of scar tissue that develop in proximity to the location of a surgically treated wound, frequently transcending the initial boundaries of the wound. Due to an excess of collagen produced during the healing process, these benign yet unseemly growths develop. Keloids can be excruciating, itchy, and unsightly, all of which hurt the quality of life of patients. The primary objectives of keloidal treatments are lesion reduction, symptom alleviation, and aesthetic enhancement. Injections of corticosteroids, laser therapy, surgical excision, and silicone gel sheeting are typical treatments. Although there have been numerous attempts to treat keloids, their persistent nature has necessitated continued investigation and advancement in the field of keloid treatments.
The worldwide keloid treatment market is driven by a multitude of contributing factors. The expansion of the market is propelled by a rising demand for aesthetically appealing solutions and an increased awareness of cosmetic appearance. In addition to the increasing incidence of keloid formations caused by injuries, operations, or genetic predisposition, technological advances in laser therapies further stimulate market expansion. Furthermore, the market's upward trajectory is supported by favorable reimbursement policies, an increase in healthcare expenditure, and a geriatric population on the rise. With ongoing investigations into novel treatment approaches, the market for keloid treatments is anticipated to experience consistent expansion in the foreseeable future.
Escalating Incidence of Keloid Formations
An important factor propelling the global keloid treatment market is the escalating incidence of keloid formations, which can be attributed to a multitude of factors. Keloids manifest as an atypical reaction to skin injuries, such as those caused by surgical procedures, trauma, acne, or burns. Individuals with a genetic predisposition have an increased probability of developing keloids. The increasing prevalence of these influencing factors on a global scale stimulates the market for efficacious keloid treatments.
Increased surgical procedures performed on a global scale are a significant contributor to the rise in keloids. Surgical interventions have become more prevalent in response to technological and scientific advancements; they are performed to treat a wide range of medical conditions, from elective cosmetic procedures to essential procedures addressing health concerns. Notwithstanding the advantages exhibited by surgical procedures, the intrinsic skin trauma linked to such procedures fosters a milieu that is favorable for the development of keloid. The combination of this elevated risk and the rising global surgical volume further amplifies the need for effective treatment solutions for keloid. Furthermore, the increasing incidence of acne, which is frequently intensified by lifestyle choices and hormonal fluctuations, substantially contributes to the surge in keloid cases. Due to the continued prevalence of acne among various age groups, particularly adolescents and young adults, those who are susceptible have an increased risk of developing keloid lesions.
Variability and Complexity of Keloid Responses
An important factor limiting the growth of the worldwide keloid treatment industry is the variability and complexity of keloid responses to various treatment approaches. The wide range of clinical presentations observed in keloids presents a significant obstacle in developing a universally applicable treatment strategy. The diverse range of patient reactions not only introduces complexity to the therapeutic process but also requires an individualized and customized approach to treatment, frequently employing a combination of interventions. Due to the unpredictability of keloid development and treatment response, researchers and healthcare providers face a formidable obstacle. Although conventional treatments such as corticosteroid injections may elicit favorable responses from certain patients, others may develop resistance to them or undergo recurring keloid growth.
Inadequate Comprehension of the Molecular and Genetic Processes
One of the most significant obstacles affecting the worldwide keloid treatment industry is the inadequate comprehension of the molecular and genetic processes that initiate keloid development. The complex and diverse characteristics of keloid pathogenesis present a considerable obstacle for scientists and medical practitioners aiming to devise precise and efficacious therapeutic approaches. Although the etiology of keloids as an aberrant reaction to skin injuries is recognized, the precise genetic components and molecular mechanisms at play continue to be largely unknown. The absence of holistic comprehension impedes the progress toward the creation of accurate and individualized therapeutic interventions. Diverse responses to the same treatment may be observed among different individuals, and keloid severity and recurrence rates vary considerably.
Expanding Adoption of Advanced Technologies and Innovative Treatment Modalities
The global keloid treatment market is being propelled by the opportunistic factor of expanding adoption of advanced technologies and innovative treatment modalities. The amalgamation of state-of-the-art technologies within the domains of dermatology and scar management offers a substantial potential for augmenting the effectiveness of keloid therapies and enhancing patient results. Laser therapy is an emerging technology that provides a targeted and non-invasive method for minimizing the size of keloids and alleviating associated symptoms.
By employing focused light beams, laser therapy targets and degrades excessive collagen in keloid tissue selectively, thereby facilitating controlled tissue remodeling. This method reduces harm to adjacent healthy epidermis and can be customized to meet the unique requirements of individual patients. In addition to enhancing treatment efficacy, laser therapy effectively mitigates certain obstacles linked to conventional approaches, including surgical excision, which carries the potential for keloid recurrence. Furthermore, the implementation of fractional lasers and pulsed dye lasers, among other laser technology advancements, empowers medical practitioners to tailor treatment parameters in a manner that maximizes efficacy while minimizing detrimental consequences.
What do our Analysts Predict for the Future of the Keloid Treatment Market?
The coming years, the global market for keloid treatments is anticipated to expand significantly due to a confluence of factors that will determine its course. The increasing prevalence of keloid-forming conditions, technological advances in treatment modalities, and a growing emphasis on personalized medicine are significant contributors to this expansion. The market is being significantly propelled by the rising incidence of keloids, which is caused by a genetic predisposition in certain populations, an increase in the number of surgical procedures, and a higher prevalence of traumatic injuries. The increasing prevalence of surgical procedures worldwide has led to a growing need for efficacious treatment options for keloids. As a consequence, there has been a notable upswing in research and development endeavors focused on resolving the complex issues linked to the management of keloids.
Regarding keloid treatment, the relationship between manufacturers and consumers is transforming. Manufacturers are emphasizing the creation of treatment options that are both user-friendly and patient-centric, in recognition of the significant impact that keloids can have on the quality of life of individuals. The adoption of patient-centric approaches is consistent with the increasing focus on personalized medicine, which entails customizing treatment plans according to the unique characteristics and reactions of each patient. This phenomenon not only contributes to the improvement of the comprehensive patient experience but also fosters customer loyalty and increases brand recognition for keloid treatment market manufacturers. Promising prospects exist for the market in the coming years, as continuous research establishes the foundation for innovative therapeutic interventions. It is anticipated that developments in molecular biology and genomics will decipher the complex pathways underlying the pathogenesis of keloids, paving the way for the creation of more precise and efficacious treatments. Furthermore, the incorporation of data analytics and artificial intelligence within the healthcare sector is anticipated to enhance the precision of prognostications and tailor treatment strategies for individuals afflicted with keloids.
Supply-side Dynamics
Smith & Nephew plc, Sonoma Pharmaceuticals, Inc., Novartis AG, and Sientra, Inc. are prominent participants in the worldwide keloid treatment market. These corporations are leaders in the development and promotion of cutting-edge keloid treatment methods, such as regenerative medicine approaches, occlusive dressings, and laser therapies. Prominent in the adoption of keloid treatment in North America, with the United States being particularly noteworthy. This is primarily due to the region's well-developed healthcare infrastructure and the high incidence of keloid-forming conditions. Asia-Pacific nations such as China and India are progressively capitalizing on the market, propelled by an expanding consciousness regarding aesthetic considerations and an intensifying need for sophisticated scar management solutions.
Prominent entities in the keloid treatment industry are proactively influencing the terrain via calculated endeavors. Prominent organizations such as Smith & Nephew and Novartis AG are allocating resources towards research and development endeavors to introduce cutting-edge treatment modalities that improve patient outcomes and efficacy. The integration of novel technologies, including regenerative medicine and laser therapies, into conventional keloid treatment practices is being powered by partnerships with healthcare providers and research institutions. To strengthen their market presence and expand their product lines, these companies are additionally pursuing mergers and acquisitions. The ongoing progression of the market is propelled by industry leaders, who make significant contributions to the worldwide transition towards more individualized and efficacious approaches to treating keloid.
What Treatment Will Be Targeted the Most for Installations?
Occlusive Dressing Sector to be Dominant owing to their Vital Functionality
It is anticipated that the occlusive dressing segment will hold the most significant market share within the keloid treatment industry. As a result of their vital functions in regulating moisture levels, promoting wound healing, and inhibiting the development of excessive scar tissue, occlusive dressings are a fundamental and extensively utilized element of keloid management strategies. Conversely, laser therapy is projected to experience the most rapid growth rate among the various treatments for keloids. A growing number of medical facilities are implementing sophisticated laser technologies, including fractional lasers and pulsed dye lasers, to precisely and non-invasively target keloid tissue. Due to its adaptable characteristics and capacity to mitigate harm to adjacent healthy skin, laser therapy is regarded as a swiftly developing sector with substantial prospects for expansion within the keloid treatment industry.
Which End User to Be Focused on the Most Regarding Sales?
Hospitals to Accommodate the Largest Market Share Owing to their Well Built Functionality
It is anticipated that hospitals will hold the most significant portion of the keloid treatment market. In light of the intricate characteristics of keloid management, hospitals function as all-encompassing healthcare establishments furnished with an extensive array of treatment modalities—including laser therapies, surgical interventions, and multidisciplinary approaches—therefore, they are the preferred choice for keloid treatment. It is anticipated that ambulatory surgical centers (ASCs) will experience the most rapid growth in the keloid treatment market. For particular ambulatory procedures, such as minor surgeries and laser treatments, ASCs provide a more practical and economical substitute for hospitals. In conjunction with the increased emphasis on cost-effective healthcare solutions, the growing trend toward ambulatory care positions ASCs as a rapidly expanding segment of the keloid treatment market with substantial growth potential.
Why is North America Emerging as a Dominating Region?
Well Developed Medical Technologies and Advanced Healthcare Infrastructure to Accommodate Growth
Concerning the worldwide keloid treatment market, North America is positioned to hold the largest market share. Several factors have contributed to the prominence of this region within the healthcare industry. North America is a significant participant in the treatment of keloid due to its well-developed medical technologies, advanced healthcare infrastructure, and well-informed healthcare providers and the general public. Additionally, a substantial number of surgical procedures and trauma cases occur in the region, which contributes to the high prevalence of keloid-forming conditions and increases the need for effective treatment options. North America maintains its market dominance through the involvement of reputable pharmaceutical and biotechnology firms that are actively involved in the exploration and advancement of novel keloid therapeutics. Additionally, the pervasive adoption of advanced keloid treatment modalities is facilitated by favorable reimbursement policies and a proactive stance toward testing and implementing novel medical interventions. The healthcare environment in the region is distinguished by its commitment to patient-centered care and ongoing technological progress, which positions it as a substantial player in the keloid treatment market as a whole.
What Opportunities Lie in South Asia and the Pacific for Manufacturers?
Expanding Willingness to Endure Keloid Treatment to Generate Maximized Revenue
It is expected that South Asia & Pacific will witness the most rapid expansion of the worldwide keloid treatment market. This forecast is supported by a multitude of factors that are specific to the area. To begin with, the South Asia & Pacific region is distinguished by its substantial and heterogeneous populace, which includes a significant representation of individuals predisposed to keloid development due to genetic predispositions and common skin injuries. The expanding market in the region is bolstered by the rising willingness to endure keloid treatment and the growing awareness of aesthetic concerns. In addition, technological advancements, increasing investments in healthcare infrastructure, and a surge in medical tourism in nations such as India, China, and Australia all contribute to the expansion of the keloid treatment market. The demand for efficacious keloid therapies in South Asia & Pacific is anticipated to increase significantly as healthcare accessibility improves and treatment alternatives become more widely available. In addition, the rising incidence of keloid-related conditions and government initiatives aimed at advancing healthcare make this region a significant player in determining the future of the global keloid treatment market.
Prominent entities in the keloid treatment industry are employing strategic initiatives to maintain and increase their market dominance. Investing in research and development (R&D) to introduce innovative and state-of-the-art treatment modalities is a crucial strategy. As an illustration, a market leader in the industry, Smith & Nephew plc, has made substantial investments in research and development to create innovative wound care products, including those designed specifically for the treatment of keloid. Potential advancements in this field may consist of regenerative medicine strategies, enhanced occlusive dressings, and advanced laser technologies—all designed to tackle the intricate process of keloid formation.
In addition, prominent entities are proactively participating in partnerships with healthcare providers and research institutions. Through strategic alliances with industry leaders such as Novartis AG and Sonoma Pharmaceuticals, Inc., these businesses acquire access to invaluable knowledge and insights regarding scar management. Partnerships enable the incorporation of cutting-edge technologies into their respective product lines, thereby augmenting the effectiveness of treatments and improving patient results. These collaborations also make a valuable contribution to the advancement of holistic approaches that tackle the complex issues involved in the treatment of keloids. Acquisitions and mergers are integral components of the expansion strategies of dominant entities. An example of this is Sientra, Inc., which has undertaken acquisitions to expand its range of products and guarantee a comprehensive selection of treatments for keloids.
New Authorization
Avita Medical Inc. obtained marketing authorization for the RECELL System in Japan from the Pharmaceuticals and Medical Devices Agency (PMDA) in Japan in February 2022.
Market Impact: The Pharmaceuticals and Medical Devices Agency (PMDA) granting marketing authorization to Avita Medical Inc. for the RECELL System in Japan in February 2022 represents a momentous market advancement. This authorization provides Avita Medical Inc. with expanded opportunities to enter and promote its revolutionary RECELL System, which is designed to treat keloids. Avita's foray into Japan, a significant healthcare market, serves to expand the company's worldwide reach and signifies enhanced availability of sophisticated keloid treatment alternatives in the area. This development may potentially foster the development and progression of the worldwide keloid treatment market.
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Details |
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Forecast Period |
2023 to 2030 |
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Historical Data Available for |
2018 to 2022 |
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Market Analysis |
US$ Million for Value |
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Key Regions Covered |
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Key Countries Covered |
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Key Market Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon request |
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The market is anticipated to grow at a CAGR of 4.0% during the projected period.
The Keloid Treatment market was valued at USD 5,000.0 million in 2023.
The United States held the largest market share in 2023.
The prominent players in the market are Novartis AG, Sensus Healthcare, RXi Pharmaceuticals, Inc., and Sonoma Pharmaceuticals, Inc., among others.
The ambulatory surgical centers (ASCs) segment is expected to grow at the fastest growth during the forecast period.
