Keloid Treatment Market: Global Industry Analysis and Opportunity Assessment 2016 - 2026

Keloid scars are heap-up scars that develop abruptly on the skin surface. Keloid scars are developed with injuries causing due to, acne, burns, ear piercing, chickenpox, surgical cuts, scratches and vaccination sites. According to the National Centre of Biotechnology, keloid scars are commonly seen in people between age group 10 to 20 years of age. Though keloid scars are benign, continuous growth of the scar may result in skin cancer. Due to high incidence of keloid scars, many companies are in currently in the process of developing block buster drug molecules that can cure keloid scares completely. Apart from biopharmaceutical and pharmaceutical companies, many universities and medical centers such as the Carmel Medical Center, the University of Schleswig-Holstein and the Northwestern University are also conducting clinical trials to develop drugs for keloid treatment.

Keloid Treatment Market: Drivers and Restraints

Increasing awareness about scare treatment products, technological advancement in keloid scare treatment, increasing appearance consciousness, growing expenditure on personal care, and changing lifestyle are endorsing the growth of keloid treatment market. However, the high cost of keloid treatment, side effects, complications during treatment, and pain during treatment are the factors that would hinder the growth of keloid treatment market.

Keloid Treatment Market: Segmentation

The global keloid treatment market is segmented based on type of product and treatment.

Based on product type, the global keloid treatment market is segmented into the following:

• Ointment
• Creams
• Elastic Wraps
• Sprays
• Oils
• Topical Gels/Gel sheets

Based on treatment options, the global keloid treatment market is segmented into the following:

• Surgical Treatment
• Laser treatment
• Radiation therapy
• Cry therapy
• Steroid injections
• Interferon

Keloid Treatment Market: Market Overview

Currently, there are various healing products available in the market for the treatment of keloid treatment. These products range from ointment to topical gels. Some of the established treatment for keloid mainly include surgical treatment, radiation therapy, and steroid injections. This segment gaining attention of keloid drug manufacturer and has provided a major trust to the market. With this, keloid treatment market is expected to grow with healthier CAGR over the forecasted period.

Keloid Treatment Market: Region-wise Outlook

Currently, North America dominates the global keloids treatment market due to high disposable income of people is high compared to other regions of the world. In Europe, the keloid treatment market is driven by rising awareness and favorable reimbursement for skin treatment. However, the growth of keloid treatment market in Asia-Pacific is much more promising due to population explosion and improving healthcare facilities in the region. There are several other factors driving the keloid scare treatment in Asia such as rising disposable income, rapidly improving healthcare facilities, and growing focus on personal well-being.

Keloid Treatment Market: Key Players

Key companies operational in keloid treatment market are RXi Pharmaceuticals, Inc., Renovo Group Plc, Novartis AG, GlaxoSmithKline plc, Galena Biopharma, Inc., Bristol-Myers Squibb Company, Pacific World Corporation, Valeant Pharmaceuticals International Inc., Revitol Corporation Inc., and Avita Medical Limited,. 

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
• Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
• Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

• Detailed overview of parent market
• Changing market dynamics in the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• Competitive landscape
• Strategies of key players and products offered
• Potential and niche segments, geographical regions exhibiting promising growth
• A neutral perspective on market performance
• Must-have information for market players to sustain and enhance their market footprint

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Future Market Insights.