As per our research report, the size of the Global Burn Care Market was worth USD 2.0 billion in 2019 and expected to reach USD 2.8 billion by the end of 2024 with a growing potential of 6.89% during the forecast period 2019 - 2024.
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 Major factors that attribute to the growth of the market are due to a rising incidence of burns, growing expenditure in Healthcare, favorable government initiatives, expanding awareness regarding treatment options.
However, increasing the cost of burn care treatments and products are the major factors that are challenging the growth of the market.
In many developed countries, burn death rates have been declining, and the rate of child deaths from burns is currently over 7 times higher in developing and poor 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 large impact on their outcome.
REPORT COVERAGE
|
Report Metric |
Details |
|
Market Size Available |
2018 – 2024 |
|
Base Year |
2018 |
|
Forecast Period |
2019 – 2024 |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
|
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 |
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Companies Analysed |
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), Convatec Inc (U.K.) |
This research report on the Global Burn Care Market has been segmented and sub-segmented into the following categories and calculated market size and forecast for each segment until 2024.
Burn Care Market - By Product:
On the basis of product, the advanced dressings segment is projected to account the largest share in the market while biologics is expected to witness the highest growth in CAGR during the forecast period.
Burn Care Market - By Extent of damage:
Burn Care Market - By End-Users:
On the basis of 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.
Regional Analysis:
The Global Burn Care Market was dominated by North America, followed by Europe, Asia-Pacific. Increasing demand for Biologics in the U.S are driving the growth in North America.
Key industry participants leading the Global Burn Care Market profiled in the report are:
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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