The size of the global burn care market is estimated to grow USD 2.8 Billion by the end of 2024 from USD 2.0 billion in 2020, which is expected to be growing at a CAGR of 6.89% during the forecast period.
Burns is a global public health problem, accounting for an estimated 265 000 deaths annually. The majority 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. The burn care includes types of degrees such as first, second and third-degree and the management depend based on the degree.
MARKET DRIVERS
Rising incidence of burns, growing expenditure in Healthcare, favourable government initiatives, expanding awareness regarding treatment options are majorly driving the global burn care market growth.
Burns and emergency canters are significantly increasing throughout the globe. According to the US FDA, nearly 40,000 people are hospitalizing each year due to partial burns. Additionally, growing demand for skin grafts and its substitutes, full accessibility of traditional burn care products and acquisition of advanced burn care products are further fuelling the burn care market.
In many developed countries, burn death rates have been declining, and 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, there are still many cases 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 have a significant impact on their outcome.
MARKET RESTRAINTS
However, increasing the cost of burn care treatments and products are the major factors that are challenging the growth of the market. Poor government strategies for the effective management of burn care is another significant factor in hampering the market growth.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
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Market Size Available |
2019 to 2025 |
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Base Year |
2019 |
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Forecast Period |
2020 to 2025 |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, Drivers, Restraints, Opportunities, Challenges, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Segments Analysed |
By Product, Extent of damage, and Region |
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Regions Analysed |
North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
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:
Based on the product, the advanced dressings segment is projected to account the largest share in the market. At the same time, biologics are expected to witness the highest growth in CAGR during the forecast period.
Biologics segment is anticipated to perform well during the forecast period. New product launches and comprehensive R&D activities in this area are majorly fueling the segment.
Burn Care Market - By Extent of damage:
Based on the extent of damage, the minor segment is estimated to account for the largest share in the global market during the forecast period. Traditional products such as gauze, tapes and bandages are sufficient for the minor burns, and this is the primary cause for the domination of this segment.
Burn Care Market - By End-Users:
Based on end-users, the hospital segment accounts for the largest share in the market with the increasing incidence of burn injuries and also due to advancements in burn care products and treatments.
Clinics segment is expected to have a quick growth rate over the forecast period.
Burn Care Market - By Region:
Regionally, the global burn care market was dominated by North America, followed by Europe, Asia-Pacific in 2019. Increasing demand for Biologics in the U.S are driving the growth in North America.
The North American market accounted for the largest market share in the global burn care market in 2019. In our analysis, it has been noticed that North America will be continuing its dominance in the global burn care market throughout the forecast period. The growing occurrence rate of burns and high stipulation for skin grafts and the presence of leading companies are majorly attributing the market growth in this region. The U.S is likely to have the highest CAGR during the forecast period due to increasing utilization of biologics in this country of this region.
Europe is following North America in leading the global burn care market and is expected to showcase prominent growth during the forecast period. In Europe, favourable government initiatives, awareness over treatment options, the growing occurrence rate of burns and increasing amount spent on healthcare are favouring the market. Germany is expected lead the European market, whereas the UK is estimated to grow at the fastest growth rate due to the huge patient population are treated in outpatient clinics and depending on the severity of the burns of the patients.
At the same time, Asia-Pacific is showcasing better CAGR than North America and Europe during the forecast period. Increasing burn injuries, rising R&D for the launch of new products and devices by key players are supporting the market in this region. Japan is expected to have the highest share of the burn care market in this region.
The Latin America region is likely to have a steady growth rate during the forecast period. Growing accidental events in home surroundings, the rising incidence rate of burns are primarily boosting the Asia Pacific market. However, the lack of knowledge in children aged below 15 is one of the key factors restraining the market. Based on the region, Brazil is predicted to have the highest share in burn care market and is estimated to have high CAGR of the growth.
The Burn care market in the Middle East & Africa is estimated to project sluggish growth during the forecast period. Favourable government policies and increasing healthcare expenditure are majorly propelling the market in burn care market in this region. Moreover, in sub-Saharan Africa, burns are widespread, which is considered as one of the primary healthcare problems. In Africa, the growth is due to government spending’s in burn care products and treatments of this region.
TOP COMPANIES IN THE MARKET
Key industry participants 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.).
On January 11, 2017, Derma Sciences made a public announcement that it has owned the MEDIHONEY and from its longtime partner Comvita. When Derma has acquired MEDIHONEY, it has reached up to a large scale of the growth in burn and burns care use worldwide, and the company sales grew up to USD 20million in 2016.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Product Type
5.1.1 Advanced
5.1.2 Biologics
5.1.3 Traditional
5.2 By Extent of damage
5.2.1 Minor
5.2.2 Superficial Partial Thickness Burn
5.2.3 Deep Thickness Burn
5.3 by End Users
5.3.1 Hospitals
5.3.2 Clinics
5.3.3 Home care
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Smith & Nephew plc
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Acelity L.P
8.3 3M Company
8.4 Molynlycke Health Care
8.5 Dema Sciences Inc.
8.6 Medtronic
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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