The size of the Burn Care Market in Latin America was worth USD 0.16 billion in 2021. It is further forecasted to grow and worth USD 0.22 billion by 2026, registering a CAGR of 6.99% from 2021 to 2026.
Burn care is a major challenge in Latin America; burn injuries are 3rd most leading cause of death from trauma and the 2nd in children younger than 4 years of age that results from an accidental event. It is expected that about a million burn accidents every year in Brazil, of which 200,000 patients seek hospital care.
The main reasons for burns in children under the age of 15 are related to accidental events in the home surroundings, of which scald burns or lesions are caused by a heated liquid are the main causes responsible for trauma. The annual occurrence of burns in Argentina is 10/2000 and accounts for the 3rd cause of death among children. However, the high cost of burn care is the major factor inhibiting the growth of the market.
The Major factors that attribute to the growth of the market are due to the rising incidence of burns due to lack of awareness in children below the age of 15, growing expenditure in Healthcare leads to the usage of skin grafts and advanced dressings, favorable government initiatives, expanding awareness regarding treatment options. The Most Restraining Challenge is increasing the cost of Burn care.
This research report on the Latin American Burn Care Market has been segmented and sub-segmented into the following categories:
By Product:
By Extent of Damage:
By End-user:
By Country:
Based on the region, Brazil is projected to account for the largest share in the market and witness CAGR growth during the forecast period, followed by Argentina.
Noteworthy companies dominating the Latin American 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.).
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 Introduction
6.2 Brazil
6.3 Mexico
6.4 Rest of Latin America
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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Apr 2021
