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Burn Care Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

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  • 115 Pages
  • April 2023
  • Region: Global
  • Mordor Intelligence
  • ID: 4997421
UP TO OFF until Sep 30th 2023

Quick Summary:

Dive into the transformative potential of the rapidly expanding burn care market in our comprehensive market research report. An increasing incidence of burn injuries has bolstered the demand for advancements in burn care, driving market growth. High-quality medical treatment and rest are crucial to the recovery of millions afflicted annually, reinforcing the urgency of developing solutions in this sector.

The evolution of the market has further been bolstered by various product approvals, enhancing the availability of safe and effective treatment options. However, it's worth noting that the high cost of burn care treatments may limit overall market growth. Regarding market trends, advanced dressings are expected to command a major market share due to their many benefits including shorter recovery times and cost-effectiveness. The North American region, characterized by high burn injury incidence and a robust healthcare system, is poised to contribute significantly to this market.

This report provides a thorough understanding of the business dynamics of the burn care market, laying a solid foundation for informed decision-making.

The burn care market is projected to register a CAGR of 7.2% during the forecast period.

COVID-19 significantly impacted the burn care market due to the strict regulations on the burn care industry. For instance, according to an NCBI research study published in November 2021, the study was conducted in over 43 countries and reported that burn surgeons were still present during the epidemic, but anesthetists, dedicated nursing personnel, and the ability to manage patients of all ages were decreased which affected the burn care market. Similarly, according to Elsevier's research study, published in November 2021, the pandemic has made it even harder to provide burn care in India; emergency services were occasionally interrupted, regular and surgical services were rationally reduced, and follow-up and rehabilitation services were most adversely impacted. Thus, the severe impact on the burn care market during the initial stages of the pandemic significantly affected the growth of the market. However, with the resumption of burn care management during the post-pandemic period after the relaxation of the strict lockdown regulations, the market is expected to gain traction during the forecast period.

Factors such as the increasing incidence of burn injuries worldwide are expected to boost the demand for burn care, ultimately boosting the market growth over the forecast period. For instance, according to an NCBI research study published in March 2022, about 1 million cases of moderate to extreme burn injury requiring rest and high-quality medical care are recorded annually in India. Similarly, according to another NCBI research study published in August 2021, the first-degree burn prevalence was 12.8%, second-degree burn prevalence was 71.1%, and third-degree burn prevalence was 16.1%, and the most frequent causes, locations, and types of treatment were hot water injuries (36.1%), upper limbs (62.2%), and skin debridement, respectively. Hence, the high burden of burn injuries is expected to drive the demand for burn care products and, thus, fuel growth in the burn care market over the forecast period.

Furthermore, the rising product approvals are further expected to increase the availability of safe and effective products and their adoption, which is expected to impact the growth of the studied market significantly. For instance, in June 2021, the United States FDA approved StrataGraft for treating adult patients with thermal burns containing intact dermal elements (remaining deep skin layers) for which surgical intervention is clinically indicated. Therefore, rising burn injuries and increasing product approvals are expected to boost the market's growth over the forecast period. However, the high cost associated with burn care treatment is expected to limit the growth of the burn care market during the forecast period.

Burn Care Market Trends

Advanced Dressing Segment is Expected to Hold a Major Share in the Burn Care Market Over the Forecast Period

The advanced dressings (for example, alginate, film, foam, hydrocolloid, and hydrogel dressings) are made to make it easier for fluid to move around a wound's surface. This dressing also takes less recuperation time, simplicity of use, and cost-effectiveness are just a few advantages these products provide, all of which are anticipated to support segment expansion. Further, advanced wound dressings regulate the surface by retaining moisture or absorbing exudate, protecting the wound base and tissue surrounding the wound. Due to this, they are used widely in the burn care market and are expected to occupy a significant share of the studied market over the forecast period.

Moreover, the ongoing research and development activities in the area and product launches are expected to impact the market positively. For instance, according to a November 2021 press release from the University of South Australia (UniSA), the researchers from UniSA developed an advanced silver nanoparticle hydrogel-coated dressing that can deliver an 'on demand' release of ultra-small silver nanoparticles that can safely break down antibiotic-resistant bacteria and promote wound repair and as per one of the researchers, this novel treatment could significantly change the clinical management of burn infections.

Further, the new product launches and approval are also expected to play a crucial role in the growth of the advanced dressing segment over the forecast period. Therefore, the advanced dressing segment is expected to hold a significant share of the studied market due to the abovementioned factors.

North America Region is Expected to Hold a Significant Share in the Burn Care Market Over the Forecast Period

The North American region is anticipated to hold a significant share of the studied market owing to the factors such as the high incidence of burn injuries, increasing awareness about the available treatment options, and the presence of a robust healthcare system. For instance, according to American Burn Association data in February 2021, more than 400,000 people receive treatment for burn injuries each year and approximately 3,500 adults and children suffer fatal burns in accidents and fires every year. Further, according to March 2021 report from Statistics Canada, the hospitalization rate for burns was 13.9, 5.0, and 13.5 hospitalizations per 100,000 person-years at risk among First Nations people, Métis, and Inuit, respectively. Hence, thus increasing burden of burn injuries is expected to rise the demand for burn care, thereby driving the growth of the market in this region.

Further, the approval and launch of new products and rising funding activities for the treatment of burn victims are expected to have a positive impact on the market. For instance, in June 2022, the British Columbia Children's Hospital, Canada, received about USD 1 million from the BC Professional Fire Fighters Burn Fund to support specialized care for kids with burn injuries. On the other hand, in June 2021, Mallinckrodt Plc received approval from the United States Food and Drug Administration (FDA) for its StrataGraft, allogeneic cultured keratinocytes and dermal fibroblasts in murine collagen - dsat, for the treatment of adult patients with thermal burns. Therefore, due to the above-mentioned factors, such as rising burn injuries and high demand for burn care products along with the presence of the North American region is expected to hold a significant share in the burn care market over the forecast period.

Burn Care Industry Overview

The burn care market is fragmented in nature, with many global players; hence, the burn care market is moderately competitive. Some key market players include Smith & Nephew, Johnson & Johnson, ConvaTec Inc., Mölnlycke Health Care AB, and 3M Company.

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Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 High Incidences of Burn Injuries
4.2.2 Rising Demand for Skin Grafts
4.2.3 Rising Awareness About Treatment Options and Technological Advancements
4.3 Market Restraints
4.3.1 Significant Cost Associated with the Burn Care Treatment
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Product Type
5.1.1 Advanced Dressing
5.1.2 Traditional Dressing
5.1.3 Biologics
5.1.4 Other Product Types
5.2 Depth Of Burn
5.2.1 Minor Burns
5.2.2 Partial Thickness Burns
5.2.3 Full Thickness Burns
5.3 End User
5.3.1 Hospitals and Clinics
5.3.2 Ambulatory Surgery Center
5.3.3 Others
5.4 Geography
5.4.1 North America United States Canada Mexico
5.4.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.4.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
5.4.4 Middle East and Africa GCC South Africa Rest of Middle East and Africa
5.4.5 South America Brazil Argentina Rest of South America
6.1 Company Profiles
6.1.1 3M Company
6.1.2 Cardinal Health
6.1.3 ConvaTec Inc.
6.1.4 DeRoyal Industries, Inc.
6.1.5 Integra LifeSciences Corporation
6.1.6 Johnson & Johnson AG
6.1.7 Molnlycke Health Care AB
6.1.8 Smith & Nephew
6.1.9 Hollister Incorporated
6.1.10 Coloplast Corp
6.1.11 B Braun Melsungen AG
6.1.12 Medline Industries, LP

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M Company
  • Cardinal Health
  • ConvaTec Inc.
  • DeRoyal Industries, Inc.
  • Integra LifeSciences Corporation
  • Johnson & Johnson AG
  • Molnlycke Health Care AB
  • Smith & Nephew
  • Hollister Incorporated
  • Coloplast Corp
  • B Braun Melsungen AG
  • Medline Industries, LP