Hypertrophic and Keloid Scar Treatment Market Size 2023-2030 Global Industrial Analysis, Market Share, Top Key Players

Hypertrophic and Keloid Scar Treatment Market

According to the report published by Zion Market Research, the global Hypertrophic and Keloid Scar Treatment Market size was valued at USD 6.69 Billion in 2022 and is predicted to reach USD 15.89 Billion by the end of 2030. The market is expected to grow with a CAGR of 11.42% during the forecast period. The report analyzes the global Hypertrophic and Keloid Scar Treatment Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Hypertrophic and Keloid Scar Treatment Market industry.

Global Hypertrophic and Keloid Scar Treatment Market: Overview

Treatment of scars involves complete skin rejuvenation, which in turn, improves a person’s aesthetic appeal. The demand for aesthetic products is primarily fuelled by women across the globe, which makes them the major product consumers. The demand and popularity of the hypertrophic and keloid scar treatment market across the globe can be attributed to the rising number of burn cases and road accidents globally.

Global Hypertrophic and Keloid Scar Treatment Market: Growth Factors

The major growth driver of the global hypertrophic and keloid scar treatment market in the future is the increasing awareness about esthetic appearance, which, in turn, is fuelling the demand for various procedures to enhance the aesthetic appeal of individuals. Another factor that is anticipated to contribute notably toward the expansion of the hypertrophic and keloid scar treatment market globally over the estimated timeframe is the favorable government policies regarding the reimbursement of scar treatment costs in European countries. Scar treatment for burn injuries falls under government reimbursement policies in the U.S., which is also likely to positively impact the market hypertrophic and keloid scar treatment. Furthermore, an increasing number of plastic surgery centers in developed countries of the world are projected to positively impact the market for hypertrophic and keloid scar treatment in the years ahead.

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Global Hypertrophic and Keloid Scar Treatment Market: Segmentation

The global hypertrophic and keloid scar treatment market is categorized into scar type, product type, and end-user. By scar type, the global hypertrophic and keloid scar treatment market is segmented into keloid and hypertrophic. Based on product type, the market is classified into injectables, laser products (carbon dioxide, pulse-dyed, and others), topical products (gels, creams, silicone sheets, and others), and others. The end-user segment of the hypertrophic and keloid scar treatment market includes retail pharmacies, hospitals e-commerce websites, and clinics.

Global Hypertrophic and Keloid Scar Treatment Market: Regional Analysis

By region, this global market is primarily divided into Asia Pacific, North America, the Middle East and Africa, Europe, and Latin America. North America held the largest share of the hypertrophic and keloid scar treatment market globally and is likely to dominate the market in the upcoming years as well. This can be attributed to the increasing prevalence of burn cases, trauma, and growing incidences of skin-related disorders.

Furthermore, the easy availability and rapid adoption of advanced options related to hypertrophic and keloid scar treatment, such as laser treatments, are anticipated to further support this regional market’s growth in the future. The Asia Pacific market for hypertrophic and keloid scar treatment is likely to emerge as the fastest growing region globally in the years ahead. This can be attributed to the easy accessibility to technologically advanced scar treatment products in India, China, Japan, etc., availability of laser instruments at an economical cost. Europe is another significant market for hypertrophic and keloid scar treatment globally, due to favorable government policies regarding reimbursement of scar treatment costs and the increasing number of plastic surgery centers in the region.