Burn is an injury to tissue or skin caused due to electricity, radiation, heat, and chemicals. In most cases, fire and hot liquids are the common causes of burn, besides which smoking, and violence among people may lead to burn injuries. Burn injuries can be prevented through precautions such protecting body from heat, flames, radiation, and chemicals. Minor burns can be managed with simple pain medication treatment, whereas major burns require prolonged treatment in hospitals and specialized burn centers. The three types of burns include first-degree burns, second-degree burns, and third-degree burns. First-degree burn burns are superficial burns, as they affect the outer layer of skin. Second-degree burns are partial thickness burns which affect the outer layer of skin, known as epidermis, and part of the second layer of skin known as dermis. Third-degree burns disrupt two complete layers of skin such as epidermis and dermis. Advanced burn care, burn care biologics, and traditional burn care products are used in the treatment of these burns.
Increase in incidence of burn injuries, advancements in burn care products & management, a rise in awareness among people about the available burn care & treatment options, increase in demand for skin grafts & substitutes, and rise in government expenditure on healthcare are the key factors that fuel the growth of the global burn care market.
Moreover, a rise in adoption of advanced burn care products, wide availability of traditional burn care products, attempts to reduce the duration of hospital stay to lower healthcare expenses, and rise in inclination toward burn care products that enhance therapeutic outcomes are other factors that contribute toward the growth of the market. However, high cost associated with advanced burn care products is expected to hinder the growth of the market.
The global burn care market is segmented into product, depth of burn, end user, and region. By product, the market is categorized into advanced burn care, biologics, traditional burn care, and others. Advanced burn care is subsegmented into alginate dressings, collagen dressings, hydrogel dressings, hydrocolloid dressings, wound contact layers, film dressings, foam dressings, and others. Traditional burn care is subdivided into tapes and dressings. On the basis of depth of burn, the market is segregated into minor burns, partial-thickness burns, and full-thickness burns. Depending on end user, it is classified into hospitals, physician offices, home care, and others. Hospitals is further bifurcated into inpatient hospitals and outpatient hospitals. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA
KEY BENEFITS FOR STAKEHOLDERS
- The study provides an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2019 to 2027, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
- A comprehensive analysis of four regions is provided to determine the existing opportunities.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global market.
KEY MARKET SEGMENTS
By Product
- Advanced Burn Care
- Alginate Dressings
- Collagen Dressings
- Hydrogel Dressings
- Hydrocolloid Dressings
- Wound Contact Layers
- Film Dressings
- Foam Dressings
- Others
- Biologics
- Traditional Burn Care
- Tapes
- Dressings
- Others
By Depth of Burn
- Minor Burns
- Partial-Thickness Burns
- Full-Thickness Burns
By End User
- Hospitals
- Inpatient Hospitals
- Outpatient Hospitals
- Physician Offices
- Home Care
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Turkey
- Argentina
- Egypt
- Rest of LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
- 3M (Acelity Inc.)
- B Braun Melsungen AG
- Coloplast A/S
- ConvaTec Group Plc
- Essity AB (BSN Medical Gmbh)
- Integra Lifesciences (Derma Sciences)
- Investor AB (Mölnlycke Health Care AB)
- Medline Industries, Inc.
- Medtronic Plc. (Covidien)
- Smith & Nephew Plc.
LIST OF OTHER PLAYERS IN THE VALUE CHAIN (These players are not profiled in the report. The same will be included on request.)
- DeRoyal Industries, Inc.
- Cardinal Health
- Hollister Incorporate
What is the estimated value of the Burn Care Market?
What is the growth rate of the Burn Care Market?
What is the forecasted size of the Burn Care Market?
Who are the key companies in the Burn Care Market?
Report Attribute | Details |
---|---|
No. of Pages | 251 |
Published | April 2020 |
Forecast Period | 2019 - 2027 |
Estimated Market Value ( USD | $ 1992 million |
Forecasted Market Value ( USD | $ 3134 million |
Compound Annual Growth Rate | 5.8% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |
Table of Contents
Executive Summary
According to the report titled, 'Burn care Market by Product, Depth of Burn, and End User: Opportunity Analysis and Industry Forecast, 2020-2027," the global burn care market size was valued at $1,992 million in 2019, and is projected to reach $3,134 million by 2027, growing at a CAGR of 5.6% from 2020 to 2027.Burns are injuries characterized by severe skin damage, resulting in death of tissue or skin cells. Burn care involves treatment and management of burns that can be prevented only if few precautions are followed, for instance, minor burns can be treated by simple pain medicines, whereas major burns require continuous treatment in hospitals and specialized burn care centers. The severity of burn injuries depends upon the size and depth of the burn. The burns are classified into three types such as first-degree burns, second-degree burns, and third-degree burns. Burn care products include alginate dressings, collagen dressings, hydrogel dressings, hydrocolloid dressings, wound contact layers, film dressings, foam dressings, tapes, and biologics,.
The major factors that boost the growth of the global burn care market are increase in incidence of burn cases, rise in demand for minimally invasive procedures, surge in awareness among persons regarding the availability of several treatment options for burn care management, developments in advanced burn care products, and rise in healthcare expenditure in developing economies coupled with inclination toward advanced burn care products. In addition, rise in demand for skin grafts & its substitutes and associated advantages of biologics to treat burn, such as accelerated burn healing, shorter length of hospital stay, and cost efficiency are anticipated to drive the growth of the market. However, high cost associated with advanced burn care products is expected to hinder the growth of the burn care market care market.
Depending on product, the market is categorized into advanced burn care, biologics, traditional burn care, and others. Presently, the advanced burn care segment dominates the global burn care market care market, and is anticipated to continue this trend during the forecast period. The key factors such as developments in advanced burn care products, rise in healthcare expenditure, increase in awareness programs for advanced burn care treatment & management, rise in demand for advanced burn care products, surge in healthcare expenditure, and increase in incidence of burn cases around the globe drive the burn care market care market growth of this segment.
On the basis of depth of burn, the market is classified into minor burns, partial-thickness burns, and full-thickness burns. At present, the partial-thickness burns segment accounts for the majority of burn care market care market share, owing to rise in demand of advanced dressings and biologics such as skin grafts & substitutes, rise in incidence of burns & burn-related injuries, advancements in burn care products, increase in awareness toward the usage of advanced burn care products, and surge in adoption of minimally invasive surgeries drive the growth of this segment.
Key Findings Of The Study
Depending on product, the advanced burn care segment held more than 48.26% share in the global market in 2019.
By depth of burn, the partial-thickness burns segment accounted for the largest market share in 2019, and is expected to remain dominant throughout the forecast period.
On the basis of end user, the hospitals segment held 42.25% share in the global market in 2019.
Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 7.5% during the forecast period.
North America accounted for approximately 39.40% of the global burn care market share in 2019, and is expected to remain dominant throughout the forecast period. This was attributed to increase in demand for burn care products, availability of well-developed infrastructure, presence of majority of key players, rise in incidence of burn injuries, and availability of trained medical professionals. However, Asia-Pacific is expected to experience the highest growth rate during the forecast period, due to improvement in healthcare infrastructure, rise in number of hospitals equipped with advanced medical facilities, development of the R&D sector, rise in healthcare reforms, and technological advancements in the field of healthcare.
Companies Mentioned
- 3M (Acelity Inc.)
- B Braun Melsungen AG
- Coloplast A/S
- ConvaTec Group Plc
- Essity AB (BSN Medical Gmbh)
- Integra Lifesciences (Derma Sciences)
- Investor AB (Mölnlycke Health Care AB)
- Medline Industries Inc.
- Medtronic Plc. (Covidien)
- Smith & Nephew Pl
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
LOADING...