Burn Care Market Scope
Burn is an injury to skin or tissue caused due to heat, radiation, electricity, or chemicals. In most cases, hot liquids and fire are the common causes of burn, besides which alcoholism, smoking, and violence between people may also lead to burn injuries. While superficial burns can be managed by simple pain medications, major burns require prolonged treatment in specialized burn-care centers. According to world health organization (WHO), an estimated of 265,000 deaths are caused by burns every year, frequently happening in low and middle income countries. Favorable government initiatives and growing number of emergency centers are key parameters driving the growth of global burn care market
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Smith & Nephew plc (United Kingdom), Mölnlycke Health Care (Sweden), Convatec Inc. (United Kingdom), Acelity (United States), Coloplast A/S (Denmark), Derma Sciences, Inc. (United States) and Medtronic (Ireland) |
CAGR | 6.3% |
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Burn Care market throughout the predicted period.
Smith & Nephew plc (United Kingdom), Mölnlycke Health Care (Sweden), Convatec Inc. (United Kingdom), Acelity (United States), Coloplast A/S (Denmark), Derma Sciences, Inc. (United States) and Medtronic (Ireland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are 3M Company (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Burn Care market by Type , by Application (Hospitals, Physician Clinics and Home Care) and Region with country level break-up.
On the basis of geography, the market of Burn Care has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In January 2024, Smith+Nephew the global medical technology company, announces that it has completed the acquisition of CartiHeal, developer of Agili-C, a novel sports medicine technology for cartilage regeneration in the knee.
In June 2022, Smith+Nephew the global medical technology business, today announces that it is to build a new R&D and manufacturing facility for its Advanced Wound Management franchise on the outskirts of Hull, UK.
Influencing Trend:
Rapid Advancements in Burn Care Products
Market Growth Drivers:
Rising Incidence of Burn Injuries, Increasing Healthcare Expenditure in Developing Economies and Surging Awareness among People for Treatment Options Worldwide
Challenges:
High Cost of Advanced Treatments and Products
Restraints:
High cost
Opportunities:
Rising Awareness on Burn Care Across the Globe Growing Demand for Skin Grafts and Substitutes and Favorable Government Initiatives and Growing Number of Emergency Centers
Key Target Audience
Burn care product manufacturers and suppliers, Physician clinics, Research and development (R&D) companies and Medical research laboratories