USD 2.27 Billion
Report ID:
SQMIG35B2183 |
Region:
Global |
Published Date: October, 2024
Pages:
219
|Tables:
94
|Figures:
76
Global Burn Care Market size was valued at around USD 2 billion in 2022 and is expected to rise from USD 2.2 billion in 2023 to reach a value of USD 3.8 billion by 2031, at a CAGR of 7.1% over the forecast period (2024–2031).
The global burn care market has been witnessing notable developments in recent years. Healthcare providers, researchers, and industry stakeholders have shown a growing interest in advancing burn care techniques and products.
This market is characterized by a focus on innovative wound care solutions, including advanced dressings, topical treatments, and medical devices designed to enhance the healing process for burn patients. Additionally, there is an increasing emphasis on personalized treatment approaches to address varying degrees of burn injuries, improving patient outcomes and quality of life.
As healthcare systems and awareness about burn injuries continue to evolve, the Global Burn Care market is expected to see sustained growth, driven by a combination of technological advancements and a commitment to improving patient care and recovery.
Global Market Size
USD 2.27 Billion
Largest Segment
Advanced (Alginate, Collagen, Hydrocolloid, Hydrogel)
Fastest Growth
Advanced (Alginate, Collagen, Hydrocolloid, Hydrogel)
Growth Rate
7.15% CAGR
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Global Burn Care Market is segmented by Product, Depth of Burn, Type, End Use, and region. Based on Product, the market is segmented into Advanced dressing (Alginate dressing, Collagen dressing, Hydrogel dressing, Hydrocolloid dressing, Wound contact layers, Film dressing, Foam dressing), Biologics, Traditional Burn Care Products, and Others. Based on Depth of Burn, the market is segmented into Minor Burns, Partial Thickness Burns, Full thickness burns. Based on Type, the market is segmented into Thermal Burns, Electrical Burns, Radiation Burns, Chemical Burns, Friction Burns. Based on End Use, the market is segmented into Hospitals, Outpatient Facilities, Home Care, Research & Manufacturing. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Product
Advanced Dressings (Alginate, Collagen, Hydrocolloid, Hydrogel) currently dominate the global burn care market. These dressings offer advanced wound management solutions, promoting a moist wound environment and facilitating efficient healing.
However, Biologics is the fastest-growing segment in the burn care market. This growth can be attributed to the increasing recognition of the potential of biologic-based therapies in promoting tissue regeneration and reducing scarring. Biologics, such as skin grafts and tissue-engineered products, are gaining prominence due to their ability to accelerate the healing process and improve patient outcomes. The demand for biologics is expected to continue growing as more research and development efforts focus on enhancing their efficacy in burn care.
Analysis by End-user
Hospitals, both inpatient and outpatient facilities, dominate the end-user segment of the global burn care market. This dominance can be attributed to the comprehensive care infrastructure they provide, making them the primary choice for treating severe burn injuries. Hospitals offer specialized burn units, surgical capabilities, and access to a multidisciplinary team of experts, ensuring optimal patient care.
Moreover, Homecare is the fastest-growing segment in the burn care market. This growth is driven by the increasing preference for outpatient care and advancements in telemedicine and remote monitoring technologies. Homecare allows for the management of less severe burn injuries outside the hospital, offering convenience and cost-efficiency.
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North America presently dominates the Global Burn Care marketplace. This is attributed to the area's advanced healthcare infrastructure, high incidence of burn accidents, and a properly-installed network of burn care centers and research institutions. Additionally, regulatory guidance and sturdy investments in healthcare technology contribute to North America's distinguished role in the marketplace.
However, Asia Pacific is emerging as the fastest-developing place in the Global Burn Care market. This growth is pushed by factors together with growing awareness of burn care, a rising incidence of burn injuries due to industrialization and injuries, and the growth of healthcare centers in countries like China and India. Moreover, a developing recognition of research and development, coupled with the availability of cost-effective remedy alternatives, is propelling the Asia Pacific area to the vanguard of burn care marketplace growth.
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Drivers
Technological Advancements
Restraints
High Treatment Costs
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The aggressive landscape within the global burn care marketplace is characterised by means of severe rivalry among numerous hooked up and emerging players. Companies are striving to take advantage of a competitive area with the aid of focusing on innovation, product development, and strategic partnerships.
Additionally, there is a developing emphasis on expanding market reach via geographical growth and market penetration strategies.
As the call for burn care products and services keeps to upward push, opposition is expected to further intensify, prompting groups to spend money on studies and improvement, regulatory compliance, and pleasant warranty to maintain their positions in this dynamic marketplace.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global burn care market analysis, the market has experienced steady growth driven by factors such as technological advancements in wound care products, rising burn injury incidents, and increased healthcare expenditure.
North America, with its advanced healthcare infrastructure, currently dominates the market. Key players are investing heavily in research and development to introduce innovative solutions and gain a competitive edge. However, high treatment costs pose a challenge, limiting accessibility to advanced burn care in certain regions.
Looking ahead, the Global Burn Care market is poised for continued expansion. Asia Pacific is expected to emerge as a significant growth hub due to its rising awareness of burn care, growing incidence of burn injuries, and expanding healthcare facilities.
Moreover, the integration of telemedicine and telehealth solutions will reshape the market landscape, enabling remote monitoring and personalized care delivery. As healthcare systems strive to enhance burn patient outcomes and reduce costs, the market is likely to witness increased collaboration among industry players and further innovation in burn care treatments and products.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 2 billion |
Market size value in 2031 | USD 3.8 billion |
Growth Rate | 7.1% |
Base year | 2023 |
Forecast period | 2024–2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Burn Care Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Burn Care Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Burn Care Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Burn Care Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35B2183
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