Market Overview –
It is predicted that the global burn care market will grow steadily over the forecast period from 2020 to 2025, from a size that was relatively robust in 2020. Increased burn cases worldwide, rising demand for skin grafts among patients, increasing awareness of treatment options, technological advancements and rising investments in R&D by companies to introduce novel solutions for effective burn care are the main factors driving market revenue growth.
Some of the causes of burns to skin or tissues include heat, radiation, electricity or chemicals. The most common causes of burns are hot liquids and fire. Burn injuries can also be caused by other things like excessive alcohol consumption, smoking, and interpersonal aggression. Acute skin damage, which results in the death of affected skin cells, is a common feature of burns. In addition, burns are classified into three main categories: first-degree, second-degree, and third-degree burns, respectively. There are three levels of severity based on how much damage has been done to the skin. In comparison to minor burns, which can be treated with over-the-counter analgesics, serious burns necessitate long-term treatment at burn centres. More than 60 percent of acute hospitalizations in the United States are attributed to severe burns, according to the American Burn Association. The growing need to treat burn victims as quickly as possible is fueling the market’s expansion.
Markey Dynamics –
As burn-related injuries become more common, so does the demand for burn care products. Support for the market will be provided by non-profit groups such as the American Burn Association (ABA) and the British Burn Association (BBA). Skin grafts are also projected to have a positive impact on market growth due to the rising demand for them. Burn care products are expected to benefit from ongoing technological improvements, which will drive the market’s expansion in the coming years. Mallinckrodt plc, for example, announced in September 2018 that its Phase II clinical study of its investigational product, StrataGraft regenerating tissue, has met its primary endpoint of success. An analogous pivot study to examine the safety and efficacy of AVITA Medical’s RECELL Autologous Cell Harvesting Device was announced in September 2018 with FDA Investigational Device Exemption approval. In addition, rising healthcare costs in emerging markets like India are likely to boost the industry.
COVID-19 Impact –
For the time being, it appears that the worldwide burn care market will continue to grow at a steady rate of revenue compound annual growth rate (CAGR). Increased burn incidences worldwide, increased demand for skin grafts among patients, increasing awareness of treatment choices, technical developments and rising investments in R&D by firms to introduce novel solutions for efficient burn care are the key drivers driving market revenue growth.
Burns to the skin or tissues can be caused by a variety of things, including heat, radiation, electricity, or chemicals. Injuries caused by hot liquids and fire are the most common causes of injury. Smoking and aggressive behaviour among friends or coworkers are additional risk factors for burn injuries. As a general rule, burns result in the death of the injured skin cells. As a result, burns are broken down into three basic categories: first-degree, second-degree, and third-degree. The severity of the patient’s skin injury is reflected in these grades. While small burns can be treated with over-the-counter pain medicines, severe burns necessitate long-term care at burn centres. Burn injuries account for more than 60% of acute hospitalizations in the United States, according to the American Burn Association. More and more emphasis is being placed on ensuring that burn victims receive rapid medical treatment, which in turn is propelling the market.
Research Methodology –
Data collection modules with large sample sizes are used for data collecting and base year analysis. Analysis and estimation of the market data is carried out utilising statistical and coherent models. The report’s key success criteria also include an examination of market share and a look at current trends. Request a call from an analyst or submit a written enquiry for further information.
In data triangulation, the researchers at DBMR combine data mining, market impact analysis, and primary (industry expert) validation to arrive at their findings. Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis are just few of the data models available.
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Competitive Landscape –
The competitive landscape of the burn care market is broken down by competitor. Information on firm overview, financials (revenue and profit), investment in R&D, new product efforts and global presence are among the topics included in this section. Also included are product launch, product breadth and application domination, product width and breadth. Only the companies’ concentration on the burn care market is reflected in the data presented above.
Key Players –
Johnson and Johnson Services, Inc.
Smith & Nephew
Mölnlycke Health Care
Safe n Simple, LLC
De Royal Industries, Inc.
Acme United Corporation (First Aid Only)
Derma Sciences Inc.
By Type –
Burn Wound Dressings
Topical Burn Medications
By Applications –
By Regions –