The global Burn Care market size is expected to be worth around US$ 3.9 billion by 2028, according to a new report by Vision Research Reports.
The global Burn Care market size was valued at US$ 2.4 billion in 2020 and is anticipated to grow at a CAGR of 6.11% during forecast period 2021 to 2028.
The demand for burn care products is on a rise owing to the rising incidence of burn, high demand for skin grafts, growing awareness regarding treatment options, and increasing technological advancements. Increasing awareness level among the people regarding various treatment options related to burn care is a key factor driving the market over the forecast period. The market is also gaining pace owing to the rising willingness among the people to spend more and opt for new advanced burn care products. The different treatment options for burn care include advanced dressings, traditional burn care products, and others.
Increasing incidences of burn injuries are anticipated to fuel the demand for cost-effective treatment over the forecast period. As per the WHO, 96.0% of fatal fire-related burns occur in low to middle-income countries. According to the data published by WHO, on average 265,000 deaths are caused by burns every year. The majority of these deaths occur in low to middle-income countries and half of them occur in South East Asia. Moreover, around 1,000,000 people in India are moderately or severely burnt and around 173,000 children in Bangladesh are burnt each year. It also reported that in the U.S., approximately 4,500 burn victims die annually and 10,000 die due to burn-related infections. Owing to this substantial increase in the number of burn incidences, the patient population for burn care and treatment has increased. This in turn is expected to drive market growth over the forecast period.
The advanced dressing segment dominated the market and accounted for the largest revenue share of 39.04% in 2020. This growth is owing to the wide product range and extensive application in wound management. Advanced wound dressings include collagen, alginate, hydrocolloid, hydrogel dressings, foam, and film dressings as well as other advanced dressing products. In addition, the development of advanced products such as ConvaTec’s FoamLite foam dressing, which can be used for a range of low to heavy exuding wounds, is further contributing to the growth of this segment.
The biologics segment is anticipated to witness the fastest growth over the forecast period owing to the introduction of new products and extensive R&D in this field. Biologics involve the application of active biological agents and molecules, such as monoterpenes (sulbogin, thymol, and sericin) that are antioxidants, antimicrobials, and anti-inflammatory in nature. Biologic dressings also include skin grafts (allografts, xenografts, autograft, or cadaveric human skin) and tissue-engineered products designed to replace the function and form of skin, either temporarily or permanently. The major advantage of biologic skin dressings or skin grafts is that skin is readily available from the patient itself.
The minor burn segment dominated the market and accounted for the largest revenue share of 41.9% in 2020. According to the National Center for Injury Prevention and Control, 1.2 million people in the U.S. are affected by burn injuries annually. The segment is expected to exhibit a steady growth rate over the forecast period. Treatment of minor burns includes traditional burn care products such as gauze, tapes, and bandages. Advanced dressings are seldom used for treating minor burns.
Chronic wounds include partial-thickness and full-thickness burns. These conditions take a longer time for healing and cover more than 15% of the body. The partial-thickness burn segment is anticipated to exhibit the fastest growth over the forecast period. According to the U.S. FDA, approximately 40,000 people are hospitalized each year due to partial burns. The demand and usage of biologics such as skin grafts and advanced dressings for the treatment of partial burns are increasing, thereby boosting the growth of this segment.
The thermal burns segment dominated the burn care market and accounted for the largest revenue share of 65.5% in 2020 owing to a high incidence of fire-related burn injuries. According to the American Burn Association (ABA), fire burns are responsible for 43.0% of the total admissions to burn centers. Scalding is caused by hot liquids or gases and most commonly occurs from exposure to high-temperature tap water in baths or showers, hot cooking oil, steam, and hot drinks. Children are particularly at risk of accidental burns.
The chemical burn segment is expected to witness the fastest growth over the forecast period. Chemical burns occur when the skin comes in contact with chemicals or their fumes and corrosive products, most probably acids. Chemicals or fumes diffuse into the skin and damage the underlying tissue without causing any apparent damage to the surface. Such burns occur immediately on contact. Prolonged exposure severely damages human tissues and leads to scarring. Acids damage cells by coagulating them, while bases liquefy cells. Alkalis cause more injury than acids and bases as they react with the lipids within a body.
The hospital segment dominated the market and accounted for the largest revenue share of 43.8% in 2020 owing to the increasing incidence of burn injuries and hospitalizations each year. According to NCBI, approximately 486,000 people are affected by injuries every year. According to the CDC, over 40,000 severely burned patients are hospitalized each year in the U.S. Moreover, according to a study published by NCBI, in Africa, 18% of hospitalizations are due to burns (2011). The rising incidence of burn injuries is expected to boost the market growth.
The clinics' segment is expected to be the fastest-growing segment in terms of revenue share due to the increasing number of government and non-government emergency burn care centers. Furthermore, collaborative agreements of private physician clinics such as Kendall Regional Medical Center with government and nongovernment hospitals such as Burn Centers of Florida, Inc. is another factor that can be attributed to the segment growth.
Integra LifeSciences Corporation
KCI Licensing, Inc. (Acelity L.P. Inc.)
DeRoyal Industries, Inc.
Smith & Nephew
Wound Contact Layers
Traditional Burn Care Products
Depth of Wound Outlook
Partial Thickness Burns
Full Thickness Burns
Middle East and Africa
The Burn Care market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Burn Care market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Burn Care market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Burn Care market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Burn Care market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Burn Care capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Burn Care by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Burn Care market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Burn Care market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Burn Care market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Burn Care industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Burn Care market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Burn Care market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Burn Care market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Burn Care market. These factors have benefited the growth of the global market for Burn Care. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Burn Care. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Burn Care are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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