USD 2.27 Billion
Global Burn Care Market Size, Share, Growth Analysis, By Product(Advanced (Alginate, Collagen), By Depth(Minor, Partial-thickness), By End-user(Hospitals (Inpatient, Outpatient)) - Industry Forecast 2024-2031
Report ID:
SQMIG35B2183 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|
Tables:
94 |
Figures:
76
Global Burn Care Market Insights
Global Burn Care Market size was valued at USD 2.27 Billion in 2022 and is poised to grow from USD 2.43 Billion in 2023 to USD 4.22 Billion by 2031, at a CAGR of 7.15% during 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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Advanced (Alginate, Collagen, Hydrocolloid, Hydrogel)
Fastest Growth
Advanced (Alginate, Collagen, Hydrocolloid, Hydrogel)
Growth Rate
7.15% CAGR
Global Burn care market ($ Bn)
Country Share for NORTH AMERICA Region (%)
Global Burn care market by Product ($ Bn)
Global Burn care market by Product (%)
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Global Burn Care Market Segmental Analysis
The global burn care market is segmented on the basis of product, depth, end-user, and region. Based on product the market is segmented as Advanced (Alginate, Collagen, Hydrocolloid, Hydrogel), Biologics, Traditional. On the basis of depth the market is segmented as Minor, Partial-thickness, Full-thickness Burn. Based on end-users, it is segregated into Hospitals (Inpatient, Outpatient), Physician Clinics, Homecare. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
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.
Global Burn care market by Product, 2022 (%)
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Global Burn Care Market Regional Insights
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.
Global Burn care market by Geography, 2024-2031
- Largest
- Fastest
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Global Burn Care Market Dynamics
Drivers
Technological Advancements
- Technological advancements, such as the development of innovative wound care products and minimally invasive surgical techniques, are a significant driver of growth in the global burn care market. These advancements improve the efficacy and efficiency of burn treatments, leading to better patient outcomes and reduced recovery times.
Restraints
High Treatment Costs
- One major restraint in the global burn care market is the high cost of burn treatment. Burn care can be expensive, particularly for severe burns requiring extensive medical attention and long-term rehabilitation. The financial burden on patients and healthcare systems can limit access to advanced burn care, especially in regions with limited healthcare resources.
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Global Burn Care Market Competitive Landscape
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
- 3M (US)
- Hollister Incorporated (US)
- Cardinal Health (US)
- Integra LifeSciences Corporation (US)
- Coloplast Corp. (US)
- DeRoyal Industries, Inc. (US)
- Smith & Nephew (UK)
- ConvaTec Inc. (US)
- Mölnlycke Health Care AB (Sweden)
- Johnson & Johnson (US)
- Medline Industries, Inc. (US)
- B. Braun Melsungen AG (Germany)
- Acelity L.P. Inc. (US)
- Ethicon, Inc. (US)
- Derma Sciences, Inc. (US)
- Avita Medical (Australia)
- BSN medical (Germany)
- 4L Health Co., Ltd. (China)
- Medtronic (US)
- Zimmer Biomet (US)
Recent Developments
- March 2023: Smith & Nephew announced the release of its new poor pressure wound therapy (NPWT) tool, the ALLEVYN Life Negative Pressure Wound Therapy System. The system is designed to offer superior wound care for plenty of burns, along with partial-thickness and full-thickness burns.
- April 2023: Medtronic introduced the release of its new burn care dressing, the Medtronic Mepilex Border Lite Burn Dressing. The dressing is designed to provide moist and healing surroundings for burns, while additionally protecting the wound from infection.
- May 2023: 3M introduced the release of its new burn care debridement product, the 3M Nexcare Debridement Gel. The gel is designed to take away lifeless tissue from burns, which may help to promote recuperation.
- June 2023: Convatec Group PLC introduced the release of its new burn care dressing, the Convafoam Burn Dressing. The dressing is designed to provide wet and recuperation surroundings for burns, at the same time as additionally protecting the wound from infection.
- July 2023: Hollister Incorporated announced the release of its new burn care ointment, the Hollister Adaptic Skin Protectant Ointment. The ointment is designed to defend the skin from friction and maceration, which could assist to prevent strain ulcers and other skin injuries.
Global Burn Care Key Market Trends
- Telemedicine Integration: A significant trend in the Global Burn Care market is the increasing integration of telemedicine and telehealth solutions. This trend is driven by the growing demand for remote monitoring and consultation services, especially for patients in rural or underserved areas. Telemedicine offers real-time assessment of burn injuries, enabling healthcare professionals to provide timely guidance and support for wound care management. This not only enhances patient access to specialized care but also optimizes healthcare resources and reduces the burden on physical healthcare facilities.
Global Burn Care Market SkyQuest Analysis
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 2.27 Billion |
| Market size value in 2031 | USD 4.22 Billion |
| Growth Rate | 7.15% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| 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 Global Burn Care 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 Global Burn Care 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 Global 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 Global 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.
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 Global Burn Care Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global 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.
Global Burn Care Market Report Snapshots
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