Burn Care Market

Burn Care Market Size (2022 to 2027)

The global burn care market is estimated to be worth USD 2.98 Billion by 2027 from USD 2.14 billion in 2022, growing at a CAGR of 6.89% during the forecast period.

Burn Care Market Share Insights:

• Based on product, the advanced dressings segment led the market and captured 40.8% of the global market share in 2021.
• Based on the extent of damage, the minor segment is predicted to showcase a healthy CAGR in the coming years.
• Based on the end-user, the hospital was the largest segment in the global market in 2021 and held 39.9% of the global market share in 2021.
• North America commanded 51.4% of the global market share in 2021.
• The European region is expected to be worth USD 760 million by 2027.
• The Asia-Pacific region is estimated to witness a CAGR of 7.4% from 2022 to 2027.

Burns is a global public health problem causing many deaths yearly. Most of these deaths occur in low- and middle-income countries, and almost half occur in the WHO South-East Asia Region. The burn severity depends on the size and injury depth. Burn care includes degrees such as first, second, and third, and the management depends on the degree.

Impact of COVID-19 on the global burn care market:

The COVID-19 pandemic has significantly impacted the growth rate of the burn care market worldwide. The pandemic has spread to many countries worldwide, and the number of cases has increased drastically in just a few weeks. This led to the postponement of non-emergency treatment worldwide. In addition, the guidelines released by various governments have instructed the entire health workforce, such as doctors, nurses, and caretakers, to take care of emergency cases only, hampering the burn care growth negatively.  In addition, the nationwide lockdowns restricted people at home, which resulted in the reduced incidence of burns and the decline of the market’s growth rate. In addition, the manufacturing units and supply chain faced severe difficulties due to the shutdown of production processes worldwide, further limiting the market growth.

Furthermore, in light of the situation, many key market participants shifted their production base to manufacture healthcare products vital at some point during the pandemic, which further hampered the production activities of drugs, ointments, and devices that are used in the burn care treatment procedures. Likewise, the burn care market faced the severe negative impacts of the coronavirus during the COVID-19 pandemic. However, considering the decreasing impact of COVID-19 and the growing adoption of the new normalization, the burn care market is anticipated to recover quickly and showcase a healthy CAGR during the forecast period.

MARKET DRIVERS:

The growing burn incidences are primarily propelling the burn care market growth.

As mentioned in BMC Public Health, an estimated 8.3 million burn cases were recorded in 2019. The World Health Organization (WHO) says that an estimated 180,000 people die annually from burns. As a result, burns and emergency centers are significantly increasing throughout the globe. According to the US FDA, nearly 40,000 people are hospitalized yearly due to partial burns. Additionally, the growing demand for skin grafts and their substitutes, the full accessibility of traditional burn care products, and the acquisition of advanced burn care products fuel the burn care market.

Increasing healthcare expenditure, a rising number of initiatives from governments, and growing awareness among people regarding treatment options are further promoting the growth rate of the global burn care market.

Increasing demand for minimally invasive surgery, technological advances in burn treatment products, and increased patient awareness of burn treatment and management are key factors driving the growth of the global burn care market. In addition, increasing demand for skin grafts and their alternatives, wide availability of traditional burn treatment products, and increased acceptance of advanced burn treatment products contribute to market growth. Furthermore, through constant efforts by governments and regulators and information on the Internet, public awareness of the various options for treating burns in both homes and healthcare facilities is increasing, which is expected to contribute significantly to market growth. 

In many developed countries, burn death rates have been declining. However, the rate of child deaths from burns is currently over seven times higher in developing and emerging countries than in developed countries. Burn injuries continue to cause sickness and mortality globally. Despite collaborations and preventative measures, many cases are reported in many countries. The treatment of these patients is often protracted and requires extensive resources. The adequate revival of these patients, coupled with scrupulous wound care, can significantly impact their outcomes.

MARKET RESTRAINTS:

However, the high costs associated with burn treatment are expected to impede the growth of the burn treatment market. Hospital stays are generally more extended, and hospital charges are higher, especially in the case of 2nd and 3rd burns. For instance, according to the American Burn Association of the United States, 2017, 40 to 60% of burn survivors have a median length of stay of 54 days, and a median hospitalization cost is $ 780,000 per patient per year. For more severe injuries, these costs can be even higher.

REPORT COVERAGE:

This research report on the global burn care market has been segmented and sub-segmented based on the product, extent of damage, and region.

Burn Care Market - By Product:

• Advanced dressings
• Biologics
• Traditional

Based on product, the advanced dressing segment dominated the burn care market in 2021 owing to the wide range of products and applications in wound care and held 40.8% of the global burn care market share in 2021. In addition, the development of advanced products such as ConvaTec's Foam Lite foam dressing can be used in the range of low to severe wounds and continues to contribute to the growth of this segment.

On the other hand, the biologics segment is anticipated to perform well during the forecast period. New product launches and comprehensive R&D activities around biologics fuel the segment.

Burn Care Market - By Extent of damage:

• Minor
• Superficial Partial Thickness
• deep partial-thickness burn

Based on the extent of damage, the minor burn segment is anticipated to grow significantly during the forecast period. Treatment of minor burns includes traditional products such as gauze, tapes, and bandages. Chronic wounds include partial and full-thickness burns. These disorders take a long time to heal and cover more than 15.0% of the body. According to the National Center for injury prevention and control reports, it is estimated that 1.2 million people in the United States have been affected by burn injuries in the recent period. 

Burn Care Market - By End-Users:

• Hospitals
• Clinics
• Home care

Based on end-users, the hospital segment led the market and is anticipated to account for the largest burn care market share during the forecast period owing to the increasing incidence of burn injuries and advancements in burn care products and treatments. As burns and hospitalizations increase yearly, the hospital sector had the highest share of sales in 2021 at 41.3%. Therefore, rising burn rates are expected to burn market growth. In addition, hospitals offer advanced burn treatment products, contributing to the overall development of the hospital segment. 

The clinic's segment is expected to have a quick growth rate over the forecast period.

Burn Care Market - By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa

Regionally, the North American burn care market held the majority share of the global burn treatment market in 2021. It accounted for a share of 52%, and it is anticipated to continue its dominance during the forecast period. According to a report by the American Burn Association, more than 300 children are treated daily in the emergency room in the United States, and about two children die from burns. The U.S. is likely to register significant growth due to growing awareness, high healthcare expenditure, and technological advancements in the healthcare sector.

The burn care market in Europe accounted for a substantial share of the global market in 2021 and is estimated to register a healthy CAGR during the forecast period. In Europe, favorable government initiatives, awareness of treatment options, the growing occurrence rate of burns, and the increasing amount spent on healthcare favor the market. As a result, Germany is expected to lead the European market. In contrast, the UK is estimated to grow at the fastest growth rate due to the vast patient population being treated in outpatient clinics and depending on the severity of the patients' burns.

The Asia Pacific burn care market is estimated to grow at a significant CAGR during the forecast period. Supportive government policies, a growing population, and the improving healthcare infrastructure fuel the regional market growth. The supportive government policies boost the market; for instance, the Government of India introduced the National Burn Prevention, Treatment and Rehabilitation Program (NPPMRBI) in India. The State Medical College and Country Hospital run the program to reduce burn incidence, morbidity, mortality, and disability.

The burn care market in Latin America will likely have a steady growth rate during the forecast period. On the other hand, growing accidental events in home surroundings and the rising incidence rate of burns boosts the Asia Pacific market. However, the lack of knowledge in children under 15 is one of the key factors restraining the market. Based on the region, Brazil is predicted to have the highest share in the burn care market and is estimated to have a high CAGR of growth.

The Burn care market in the Middle East & Africa is estimated to project sluggish growth during the forecast period. Favorable government policies and increasing healthcare expenditure are majorly propelling the burn care market in this region. Moreover, in sub-Saharan Africa, burns are widespread and considered one of the primary healthcare problems. Therefore, in Africa, the growth is due to government spending on burn care products and treatments in this region.

KEY MARKET PARTICIPANTS:

Some of the notable companies leading the global burn care market profiled in the report are Smith & Nephew plc (U.K.), Acelity L.P (U.S.), 3M Company (U.S.), Molnlycke Health Care (Sweden), Derma Sciences Inc. (U.S.), Medtronic (Ireland), Coloplast A/S (Denmark) and Convatec Inc (U.K.).

RECENT MARKET DEVELOPMENTS:

• In January 2021, Integra LifeSciences Holdings Corporation finalized the previously announced acquisition of ACell Inc., allowing the company to offer more comprehensive complicated wound care solutions.
• In February 2021, the American Burn Association launched National Burn Awareness Week, ranging from electrical safety to zapping. This project ran from February 7th to February 13th, 2021. According to the government, this program was launched because more than 400000 individuals are injured by burns every year. This initiative has been launched to increase awareness of the danger of burn injuries.
• In May 2020, Safeguard Medical, a renowned producer of life-saving products, announced the purchase of Water-Jel Technologies. The headquarters of World-Jel are in New Jersey. They are the world's top provider of burn care products. Due to this acquisition, safeguard Medical was able to offer life-saving goods, kitting capabilities, and training programs.
• In May 2020, Smith+Nephew and National Medical Billing Services announced a strategic collaboration to deliver revenue cycle management (RCM) solutions to ambulatory surgical centers (ASCs) across the United States.
• In June 2018, Acelity L.P., Inc. bought Crawford Healthcare to extend its wound care product line.
• In October 2017, Integra Lifesciences purchased Johnson & Johnson Codman Neurosurgery division and wound care products for $1.045 billion minus customary adjustments, bolstering Integra's position as a global leader in product development.
• In January 2017, Derma Sciences announced that it had owned MEDIHONEY and its longtime partner Comvita. When Derma acquired MEDIHONEY, it reached a large-scale growth in burn and burns care use worldwide, and the company sales grew to USD 20 million in 2016.