The growing demand for burn care and the presence of a high population base and the increase in the number of laboratories with advanced medical facilities contribute to the growth of the market. Furthermore, the Burn Care market in the region is expected to grow as the focus of leading producers on expanding their geographical presence in emerging Asia-Pacific countries to gain high burn care market share.
Increased demand for minimally invasive procedures, increased incidence of burn injuries, technological advances in burn care products, and increased patient awareness of burn care treatment and management are key factors driving the growth of the global burn care market.
The products used in the treatment of burn care are advanced burn care, biologics and traditional burn care. Burn care products are used to control pain, reduce the risk of scarring, remove dead tissue, prevent infection, and regain function.
Key Market Players
- 3M (Acelity Inc.)
- B Braun Melsungen Ag
- Coloplast A/S
- Convatec Group Plc.
- Essity Ab (Bsn Medical Gmbh)
- Integra Lifesciences (Derma Sciences)
- Investor Ab (Mรถlnlycke Health Care Ab)
- Medline Industries, Inc.
- Medtronic Plc. (Covidien)
- Smith & Nephew Plc.
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Key Advantages:
- Depending on product, the advanced burn care segment held more than 48.26% share in the global market in 2019.
- By depth of burn, the partial-thickness burns segment accounted for the largest market share in 2019, and is expected to remain dominant throughout the forecast period.
- On the basis of end user, the hospitals segment held 42.25% share in the global market in 2019.
- Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 7.5% during the forecast period.
A burn is a type of physical injury caused by exposure to heat, which can be electrical, chemical, electromagnetic, or thermal energy. The severity of the burn injury depends on the size and depth of the burn. The three types of burns include first degree, second degree and third-degree burns. The management of these burn injuries is based on the extent of the injury.
Increasing demand for skin graft and its alternatives, wide availability of traditional burn care products and increasing adoption of advanced burn care products are other factors contributing to the growth of the market. However, higher prices associated with advanced burn care products are expected to hinder the growth of the burn care market.
According to a new report published by Allied Market Research, titled, โBurn care Market by Product, Depth of Burn, and End User: Opportunity Analysis and Industry Forecast, 2020โ2027,” the global burn care market size was valued at $1,992 million in 2019, and is projected to reach $3,134 million by 2027, growing at a CAGR of 5.6% from 2020 to 2027.
Presents beneficial opportunities for key players operating in the Asia-Pacific burn care market, increasing patient awareness about burn care treatment and management, increasing the number of hospitals, developing research and development areas, increasing healthcare improvements and technological advances. Increase in the number of target populations suffering from burns and burn-related injuries in burn care products, and in emerging economies.
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Human Growth Hormone (hGH) Market
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