The size of the Burn Care Market in Latin America was worth USD 0.16 billion in 2022. It is further forecasted to grow and worth USD 0.22 billion by 2027, registering a CAGR of 6.99% from 2022 to 2027.
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 Extent of Damage:
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.).
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