Burn care market

Global Burn Care Market, by Product Type (Advanced Burn Care, Biologics, and Traditional Burn Care), by Burn Degree (First-Degree, Second-Degree, Third-Degree, and Other Degrees), by End User (Hospitals, Clinics and Burn Centers, Homecare, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2026

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Aug 2019
CMI1279
180 Pages
Excel & Pdf
Medical Devices

Summary

Burn Care Market – Insights

Burn care market has witnessed various technological advancements and emerged as a standard solution for the treatment in all degrees of burns. Conventional measures of burn care management are being rapidly replaced with advanced products due to the effectiveness of the latter for managing burn injuries, which enables faster healing. Treatments in burn injuries include intervention therapies and use of products such as conventional and advanced care dressings. Unhealed burns do not only diminish quality of life but also increase the risk of infections and complications. Therefore, burn care is an important part of healing process. Moreover, some serious burns may require immediate medical care to prevent further complications and death of patient.

The global burn care market size was valued at US$ 2,219.0 million in 2018, and is expected to witness a CAGR of 6.1% over the forecast period (2019–2026).

Global Burn Care Market Share (%) Analysis, By Product Type, 2019

Source: Coherent Market Insights Analysis (2019)

Global Burn Care Market- Drivers

The burn care market is expected to witness significant growth in the forecast period, owing to increasing incidence of burn injuries. For instance, according to the World Health Organization (WHO) data of March 2018, it is estimated that 180,000 deaths are caused by burns, annually, worldwide. Moreover, a vast majority of these deaths occur in low- and middle-income countries.

Increasing awareness regarding burn care is also expected to drive the burn care market growth over the forecast period. For instance, in February 2019, the American Burn Association organized National Burn Awareness Week in the first full week of the month, which served as an opportunity for burn care organizations, burn survivor support groups, public safety professionals, and injury prevention activists to increase awareness among the population about the frequency and causes of burn injuries in the U.S.

Global Burn Care Market- Restraints

The high cost associated with burn care treatment is expected to hamper the burn care market growth. Majorly, the second and third degree burn cases require prolonged hospital stays, which leads to high costs. For instance, according to the American Burn Association, 2017, in the U.S., for a survivor with 40-60% body burn, the average duration of hospital stay is 54 days and the average cost of the stay is US$ 780,000 per patient, annually. With more severe injuries, these costs can be even higher.

Global Burn Care Market- Regional Insights

On the basis of region, the global burn care market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold dominant position in the global burn care market during the forecast period, owing to presence of major market players in the U.S. such as Acelity LP, 3M, Coloplast A/S, and Integra LifeSciences Corporation.

Asia Pacific is expected to witness a rapid growth in the global burn care market, during the forecast period, owing to increasing government initiatives for burn treatment. For instance, in 2016, Government of India, introduced National Program for Prevention, Management, and Rehabilitation of Burn Injuries (NPPMRBI) in India. This program is implemented through state government medical colleges and district hospitals with the objective to reduce the incidence, morbidity, mortality, and disability due to burn injuries.

Global Burn Care Market Value (US$ Mn) & Y-o-Y Growth (%), 2016-2026

Source: Coherent Market Insights Analysis (2019)

Global Burn Care Market- Competitive Landscape

Key players operating in the global burn care market include, Smith & Nephew Plc. Molnlycke, ConvaTec Inc., Integra LifeSciences Corporation, 3M, Coloplast A/S, Cardinal Health, Inc., DeRoyal Industries, Inc., Acelity LP, and Svenska Cellulosa Aktiebolaget (SCA).

Table of Content

Table of Contents

*Browse 35 market data tables and 23 figures on "Burn Care Market” - Global forecast to 2026”

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- Frequently Asked Questions -

What are the growth estimates for burn care markettill 2026?

The global burn care market is estimated to surpass US$ 3,539.5 Million by 2026.

Which are the prominent burn care market players across the globe?

Major players operating in the global burn care market include Smith & Nephew Plc. Molnlycke, ConvaTec Inc., Integra LifeSciences Corporation, 3M, Coloplast A/S, Cardinal Health, Inc., DeRoyal Industries, Inc., Acelity LP, and Svenska Cellulosa Aktiebolaget (SCA).

What are the key factors hampering growth of burn care market?

High cost associated with burn care treatmentis one of the major factors that is expected to hamper growth of the market over the forecast period.

What are the key factors driving growth of the burn care market?

The increasing incidence of burn injuriesis one of the major factors that is expected to propel growth of the market over the forecast period.

What is the compound annual growth rate (CAGR) of the burn care market for next 8 years?

The global burn care market is estimated to exhibit a CAGR of 6.1% over the forecast period (2019-2026).

Which region is dominating the burn care market growth?

Among regions, North Americais expected to hold dominant position in the burn care market over the forecast period.