The global burn care market size was valued at USD 2.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 6.9% from 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.
Favorable government initiatives such as reimbursement policies which cover almost 70.00-100.00% of the treatment cost urge the patient to opt for advanced burn care treatment. The presence of government organizations such as the World Health Organization (WHO) and non-profit organizations like the American Burn Association (ABA) also contribute towards increasing the awareness levels. The WHO has been collaboratively working with The International Society for Burn Injuries and other such organizations to develop strategies to improve burn care & prevention of burn injuries globally.
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Rising demand for skin grafts is yet another major factor boosting the market growth. The recent trend of burn care and treatment has shifted to a more comprehensive approach that not only focuses on recovery from burn injury but also on improvement in long-term function and form of the healed injury and quality of life. Owing to this trend the demand for use of skin grafts and other skin substitutes in the treatment and management of acute burns has increased and is rising at a constant pace. Skin grafts are majorly used on partial and full-thickness burns and have an important role in the treatment of injuries. Skin grafts can be biological or synthetic in nature.
Key Player Mentioned:
3M
Hollister Incorporated
Cardinal Health
Integra LifeSciences Corporation
KCI Licensing, Inc. (Acelity L.P. Inc.)
Coloplast Corp.
DeRoyal Industries, Inc.
Product Segment Analysis:
- Advanced Dressing
Biologics
Traditional Burn Care Products
Application Segment Analysis:
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.
Regional Segment Analysis:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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In Asia Pacific, the market is anticipated to witness the fastest growth over the forecast period. According to the WHO, the incidence of burn injuries that require immediate medical attention is approximately 20 times higher in the Western Pacific Region in comparison with the Americas. The increase in the incidence of burn injuries is a major factor boosting the market in this region. In addition, increasing R&D activities by key market players for the introduction of innovative products is expected to fuel market growth over the forecast period.
KEY aspects covered in the report include:
- The market size and industry growth rate of the global and regional market across various segments
- The region or the sub-segment that is expected to drive the Burn Care market in the forecast period 2021-2028
- Key companies operating in the global Burn Care market and their market share
- The Factors that are estimated to drive the Burn Care Market growth
- Key opportunities in the Burn Care market
- Key technological advancements and market trends that shape the market
The study objectives of this report are:
- To research global status, future forecasts, growth opportunities, key markets and key players.
- To present the market development in us, Europe and China.
- To strategically profile the key players and comprehensively analyze their development plan and methods.
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
