USD 963.07 billion
Burn Ointment Market Size, Share, Growth Analysis, By Product(Antibiotic ointments, silver sulfadiazine ointments, and Herbal-based ointments), By End-user(Hospitals, Clinics, and Homecare settings), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35I2210 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
63
|Figures:
75
Burn Ointment Market Insights
Global Burn Ointment Market size was valued at USD 963.07 billion in 2022 and is poised to grow from USD 1017.96 million in 2023 to USD 1586.11 million by 2030, at a CAGR of 5.7% during the forecast period (2024-2031).
The global burn ointment market is witnessing steady growth due to rising burn injuries and increasing awareness about advanced wound care.
Key factors include the demand for effective and rapid-healing solutions, technological advancements in burn treatment, and the availability of over-the-counter products.
Market players are focusing on developing innovative formulations with natural ingredients and promoting collaborations for product expansion.
North America and Europe dominate the market, driven by healthcare infrastructure and R&D investments.
As burn-related cases surge globally, the market is poised for further expansion, with a shift towards safer, more efficient, and easily accessible burn ointment solutions.
US Burn Ointment Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
hospitals
Fastest Growth
hospitals
Growth Rate
5.7% CAGR
Global Burn Ointment Market by region
Country Share for North America(%)
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Burn Ointment Market Segmental Analysis
The global burn ointment market can be segmented based on product type, end-user, and region. Product types include antibiotic ointments, silver sulfadiazine ointments, and herbal-based ointments. End-users encompass hospitals, clinics, and homecare settings. Geographically, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Burn Ointment Market Analysis By Product
The largest segment in the burn ointment market could vary based on factors such as region, market trends, and consumer preferences. The antibiotic burn ointment segment is one of the prominent segments due to its effectiveness in preventing infections in burn wounds.
The fastest-growing segment in the burn ointment market could also change based on evolving consumer demands and technological advancements. Herbal and natural burn ointments were gaining popularity due to the growing interest in natural and holistic treatments. Consumers were seeking products with fewer synthetic ingredients and more plant-based components to aid healing.
Burn Ointment Market Analysis By End-user
Hospitals and clinics have traditionally been the largest end-users of burn ointments due to the significant volume of burn injury cases they handle. Their continuous demand for burn treatment products drives the market's growth.
The fastest-growing segment could potentially be homecare settings. As more people become conscious of wound care and minor burn injuries, they might prefer to keep burn ointments at home for immediate treatment. This trend could lead to increased demand for burn ointments in retail settings and online sales.
Global Burn Ointment Market by end-user
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Burn Ointment Market Regional Insights
The largest segment in the burn ointment market might have been North America or Europe. These regions generally have well-established healthcare systems, higher awareness about burn care, and significant research and development activities in the medical field.
The fastest growing segment could have been Asia-Pacific or some emerging markets within other regions. Rapid urbanization, increased healthcare spending, and improving healthcare infrastructure in countries across Asia-Pacific could have led to a higher demand for burn ointments in this region.
Global Burn Ointment Market by geography
- Largest
- Fastest
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Burn Ointment Market Dynamics
Burn Ointment Market Drivers
Increase in Burn Incidences
- The primary driver for the burn ointment market is the rising incidence of burns due to various factors such as accidents, fire-related incidents, chemical exposures, and other mishaps. As the number of burn cases increases, the demand for burn ointments and related treatments also rises, driving the market growth.
Advancements in Medical Technologies
- Advances in medical technologies and research have led to the development of innovative burn ointments with improved efficacy and faster healing times. This includes the introduction of products containing natural ingredients, antimicrobial agents, and specialized formulations designed to promote healing and reduce scarring. These advancements attract both healthcare professionals and patients, contributing to market growth.
Burn Ointment Market Restraints
Regulatory Challenges and Safety Concerns
- The burn ointment market can be constrained by regulatory challenges related to product approval and safety. Health authorities closely scrutinize medical products, including ointments, to ensure they meet safety and efficacy standards. Any delays in obtaining regulatory approvals or concerns about adverse effects can hinder market growth.
High Competition and Price Sensitivity
- The burn ointment market is competitive, with numerous manufacturers offering a wide range of products. This competition can lead to price sensitivity among consumers and healthcare providers. Additionally, reimbursement policies for burn treatments can impact the affordability of certain products, affecting market growth.
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Burn Ointment Market Competitive Landscape
The global burn ointment market boasts a competitive landscape with numerous key players striving for prominence. Leading companies such as Johnson & Johnson, Smith & Nephew, and Perrigo Company are engaged in intense R&D efforts to develop advanced burn ointments that promote faster healing and scar reduction. This market is characterized by continuous product innovations, strategic partnerships, and acquisitions to expand their product portfolios and global reach. As consumer demand for effective burn care solutions rises, competition is expected to drive further advancements in technology and formulation, enhancing the overall efficacy and market presence of burn ointment manufacturers.
Burn Ointment Market Top Player’s Company Profiles
- Johnson & Johnson (USA)
- Smith & Nephew (UK)
- Medline Industries, Inc. (USA)
- Acelity (USA)
- 3M Company (USA)
- Coloplast (Denmark)
- Mölnlycke Health Care (Sweden)
- ConvaTec Group (UK)
- B. Braun Melsungen AG (Germany)
- Hollister Incorporated (USA)
- DeRoyal Industries (USA)
- Derma Sciences (USA)
- Advancis Medical (UK)
- PAUL HARTMANN AG (Germany)
- Medline Industries, Inc. (USA)
- Convatec Inc. (USA)
- Cardinal Health (USA)
- Gentell (USA)
- McKesson Corporation (USA)
- Milliken Healthcare Products (USA)
Burn Ointment Market Recent Developments
- In January 2023, ConvaTec acquired Acelity, a leading provider of advanced wound care products.
- In February 2023, Smith & Nephew acquired Mölnlycke Health Care, a Swedish company that specializes in wound care products.
- In March 2023, Medline Industries acquired Apica, a leading provider of first aid products.
Burn Ointment Key Market Trends
- Increasing Demand for Advanced Wound Care Products: The burn ointment market has witnessed a growing demand for advanced wound care products that offer enhanced healing properties. Consumers and healthcare professionals alike are seeking products that not only provide pain relief and prevent infection but also promote faster and more efficient wound healing. This has led to the development and introduction of burn ointments containing ingredients such as growth factors, collagen, and other bioactive compounds that stimulate tissue regeneration and reduce scarring.
- Rise in Emphasis on Natural and Organic Ingredients: In recent years, there has been a noticeable shift towards products containing natural and organic ingredients across various consumer segments, including healthcare. This trend has influenced the burn ointment market as well. Consumers are increasingly seeking products with minimal synthetic chemicals and additives. As a result, manufacturers are developing burn ointments that incorporate natural ingredients such as aloe vera, chamomile, calendula, and honey, known for their soothing and healing properties.
- Technological Advancements and Product Innovations: The burn ointment market has experienced advancements in terms of formulation and delivery methods. With the progress in nanotechnology and wound healing research, there has been an emergence of innovative ointment formulations that use nanomaterials to improve drug delivery to the affected areas. These advancements can enhance the efficacy of burn ointments by ensuring controlled and sustained release of active ingredients, resulting in better healing outcomes.
Burn Ointment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the global burn ointment market is poised for promising growth, driven by rising awareness about burn care, advancements in wound healing technologies, and increasing incidents of burns due to accidents or medical procedures. Demand for effective and quick-healing ointments is expected to fuel market expansion. Additionally, ongoing research and development, along with collaborations between pharmaceutical and healthcare companies, will likely lead to innovative products. However, market competition and regulatory challenges may impact the landscape. Overall, the burn ointment market is anticipated to experience steady growth, offering improved therapeutic options and enhanced outcomes for burn patients worldwide.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 963.07 billion |
| Market size value in 2031 | USD 1586.11 million |
| Growth Rate | 5.7% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Burn Ointment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Burn Ointment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Burn Ointment 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 Ointment 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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Burn Ointment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Burn Ointment 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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