The burn care market was valued at $1,992 million in 2019, and is estimated to reach at $3,134 million by 2027, registering a CAGR of 5.6% from 2020 to 2027. 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. 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.
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Increase in incidence of burn injuries, advancements in burn care products & management, 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, 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
The healthcare sector is vital to both national economies and people all across the world. One of the industries with the fastest growth rates is this one. There is a correlation between income levels and healthcare spending across nations because healthcare spending accounts for more than 10% of the GDP of the majority of developed countries. According to the Centers for Medicare and Medicaid Services, US healthcare spending increased by 4.6% in 2019 to reach US$ 3.8 trillion, or US$ 11,582 per person and represented 17.7% of GDP. Additionally, households paid for 28.4% of all health expenditures, followed by the federal government for 29.0%. 16.1% of all healthcare costs were paid for by state and municipal governments, while 7.5% came from other private sources.
Due to advancements spurred by AI/ML, the impact of digital health technology will grow. Data from the Department for Promotion of Industry and Internal Trade show that FDI in the medicines and medication sector totaled US$19.12 billion (DPIIT).
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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.
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 (Molnlycke Health Care AB)
– Medline Industries, Inc.
– Medtronic Plc. (Covidien)
– Smith & Nephew Plc.
– DeRoyal Industries, Inc.
– Cardinal Health
– Hollister Incorporated
KEY MARKET SEGMENTS
By Product
– Advanced Burn Care
o Alginate Dressings
o Collagen Dressings
o Hydrogel Dressings
o Hydrocolloid Dressings
o Wound Contact Layers
o Film Dressings
o Foam Dressings
o Others
– Biologics
– Traditional Burn Care
o Tapes
o Dressings
o Others
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By Depth of Burn
o Minor Burns
o Partial-Thickness Burns
o Full-Thickness Burns
By End User
– Hospitals
o Inpatient Hospitals
o Outpatient Hospitals
– Physician Offices
– Home Care
– Others
By Region
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o UK
o France
o Spain
o Italy
o Rest of Europe
– Asia-Pacific
o Japan
o China
o India
o Australia
o Rest of Asia-Pacific
– LAMEA
o Brazil
o Saudi Arabia
o South Africa
o Turkey
o Argentina
o Egypt
o Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Reasons to Buy This Report:
- This file will help the peruses with appreciation the opposition interior the ventures and structures for the serious local weather to improve the feasible benefit. The document moreover facilities round the cutthroat scene of the market, and provides exhaustively the piece of the pie, industry positioning, contender organic system, market execution, new object advancement, recreation circumstance, development, and securing.
- And so forth of the fundamental players, which assists the peruses with distinguishing the indispensable contenders and profoundly know the opposition instance of the market.
- This record will help companions with greedy the global enterprise popularity and patterns of Telemedicine Administration Frameworks and offers them statistics on key market drivers, restrictions, difficulties, and open doors.
- This document will aid companions with grasp contenders higher and collect experiences to reinforce their scenario in their organizations. The serious scene region contains the piece of the pie and rank (in extent and worth), contender environment, new object improvement, development, and obtaining.
- This document stays refreshed with novel innovation mix, highlights, and the latest developments on the lookout.
- This file assists companions with grasp the Coronavirus and Russia-Ukraine War Impact on the Telemedicine Administration Frameworks industry.
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