Burn Care Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030

Burns are the fourth common type of trauma globally and are prominent public health problem. Rise in cases of burn, increasing awareness about treatment opportunities, presence of advance treatment, increasing number of government initiatives and emergency centers to develop strategies for enhancing care are key parameters driving the surge of burn care market.

The report titled Burn Care Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030 offers insights into the global burn care market along with the market estimates for the duration from 2020 to 2030.

Based on geography, the estimates are provided for regional level along with country level market for the period from 2020 to 2030. Furthermore, CAGRs for each respective segment are calculated for the forecast period from 2022 to 2030.

Qualitative market assessment factors are also provided in the report along with quantitative information for the representation of the overall market scenario and future prospects. Further, the market is analyzed for market positioning of the key vendors present in the market and mapping them on the basis of product portfolio and business description. Furthermore, key market players are profiled in this report. Key players in the report consists of Acelity L.P., Inc., Hollister, Inc., Molnlycke Health Care, Coloplast A/S, 3M Company, ConvaTec, Inc., Derma Sciences, Inc., Medtronic Plc, and Smith & Nephew plc.

Burns are one of the most common public health problem and the fourth most common type of trauma worldwide. According to world health organization (WHO), approximately 265,000 deaths are caused by burns every year, generally happening in low and middle income countries. Furthermore, burns are 5th most general cause of non-fatal child injuries and the 11th prominent cause of death of children aged 1-9 years. For the treatment of burn injuries different types of treatments are widely used in market such as biologic skin grafts, traditional products, advanced dressings, and pressure therapies. In 2016, advanced burn care products dominated the global burn care market it reduces the risk of infection, more comfort, more effective, minimize irritation, and require minimal maintenance, simple to apply.

Burn is a type of injury caused by wet heat, dry heat, friction, radiation, heated objects, electricity, the sun, or chemicals. According to World Health Organization (WHO), 265,000 deaths are caused by burns every year, majority happen in low and middle-income countries. Based on severity of burn, the global burn care market is segmented into partial-thickness burns, full-thickness burns, and minor burns. In 2021, third-degree burns or full-thickness burns is major revenue-generating segment because full-thickness burns usually demand long-term care as severely affects the skin. Full-thickness burns generally need more sophisticated treatments such as IV antibiotics to prevent infection or IV fluids. These factors contribute to the growth of the market.

In 2021, North America dominated the burn care market and projected to show significant growth during forecast period because of increasing inclination for advance burn care treatment, favorable reimbursement policies by the government, more concern for aesthetic appearance, technological advancement and higher cost of therapy. According to the Centers for Disease Control and Prevention (CDC), in United States, fires & burns are the third leading cause of death in home. Increase in number of minimally invasive surgeries and cosmetic surgeries are key factors that drives the market growth in North America. According to American Society of Plastic Surgeons (ASPS), in 2016, an estimated of 17.1 million minimally invasive & surgical cosmetic procedures were performed in the United States. Further, Asia Pacific was expected to experience highest growth during forecast period due to increasing treatment awareness, large number of affected population, populous countries and improving healthcare infrastructure would drive the market growth. According to World Health Organization (WHO), the incidence of burn injuries demanding medical care is approximately 20 times higher in the WHO Western Pacific region than in the WHO region of the Americas.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Burn Care market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Burn Care market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Product

• Advanced Burn Care Products
• Alginate Dressings
• Collagen Dressings
• Hydrocolloid Dressings
• Hydrogel Dressings
• Burn Debridement
• Biologic skin grafts
• Traditional Burn Care Products

Severity of Burn

• Minor Burns
• Partial-thickness Burns
• Full-thickness Burns

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Burn Care market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2030.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Burn Care market?
• Which is the largest regional market for Burn Care market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Burn Care market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Burn Care market worldwide?

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