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Burn Care Market Overview
Burn Care Market size is $2.6Bn in 2019, growing at a CAGR of 7.3% during the forecast period 2020-2025. Burn is a kind of injury to the tissue or skin, which is caused owing to radiation, heat, chemicals, and electricity. Fire and hot liquids cause most of the burn cases or smoking, alcoholism, violence among people which also cause burn cases. Burn treatment includes relieving pain, preventing infection and maintaining body fluids, electrolytes and calorie intake during the healing process. Treatment for chemical and electrical burns differs from treatment of thermal burns, ultrasound mist therapy is a treatment for chronic wounds. The burn care products are used to prevent complications such as prevent infection, control pain (morphine), reduce scarring risk, remove dead tissue, and regain function. Bacitracin and silver sulfadiazine is a medicine used to prevent skin infections and bacteria formed on the open burn wound.
Report Coverage
The report: “Burn Care Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Burn Care Market.
By Type: Minor Burn, Partial Thickness Burn and Full Thickness Burn.
By Source: Chemical Burns, Radiation Burns, Thermal Burns, Electrical Burns and Others.
By Product Type: Biologics, Advanced Burn Care – Collagen Dressing, Alginate Dressing, Hydrogel Dressing, Foam Dressing and Others, Traditional Burn Care – Dressings and Tape and Others.
By End User: Hospitals/Clinics, Pharmaceuticals, Home Care and Others.
By Geography: North America, Europe, Asia-Pacific and Rest of the World.
Key Takeaways
- Increasing awareness amongst people for early treatment is set to propel the growth of the market.
- Rising healthcare expenditure is the driving factors for the growth of Burn Care market.
- Europe region is estimated to record the fastest growth rate during the forecast period 2020-2025
By Source - Segment Analysis
In 2019, Chemical Burns segment dominated the Burn Care Market in terms of revenue is estimated to grow at a CAGR of 6.4%. A Chemical burn are also known as caustic burns occur in the home, at work, or at school, an accident or an assault and chemical factories. It is formed when skin or eyes meet an irritant, such as an acid or a base. Chemical burn symptoms include itching, bleaching, or darkening of skin, burning sensations, trouble breathing, coughing blood and tissue necrosis. Silverex Ionic Gel is used for minor chemical burns abetting towards the market’s growth.
Geography - Segment Analysis
In 2019, the North America region dominated Burn Care Market in terms of revenue with a market share of 36%% owing towards changing preferences from traditional products to advanced burn care treatments and products and favorable government policies for reimbursement in countries in the region in the region. This growth can be attributed towards the increasing research & development initiatives and government support for the improvement of the healthcare sector. According to the American Burn Association, in US, over 60% of the acute hospitalizations related to burn injury which further propels the growth of the market. The increasing awareness about the health and availability of new treatment methods drives the market in this region is key factors in the growth of the Burn Care market. Asia Pacific is estimated to record the fastest growth rate during the forecast period 2020-2025.
Drivers – Burn Care Market
Increasing in The Prevalence Of Cancer
Increasing awareness level among people regarding the availability of various treatment options for burn care management is anticipated to impel the demand. Rising healthcare expenditure in developing economies coupled with inclination towards opting advanced wound care products is anticipated to boost market growth. National program on prevention and management of burn injuries by Government is the other major factor driving growth.
Challenges – Burn Care Market
Cost and Time Associated with Development
High cost is associated with the treatment of advanced burn care wounds is hampering the market’s growth. Lack of immediate emergency care in case of serious burns to avoid complications or even death and infectious complications in grafting treatment is restraining factors for the Burn Care Market.
Burn Care Industry Outlook
Product Launches was the key strategy of the players in the Burn Care Industry. Burn Care top 10 companies include 3M Company, B Braun Melsungen AG, Coloplast A/S, ConvaTec Group Plc, BSN Medical Gmbh, Integra Lifesciences (Derma Sciences), Investor AB, Medline Industries, Inc., Medtronic Plc. and Smith & Nephew Plc.
Acquisitions/Product Launches
- In October 2017, Integra Lifesciences acquired Johnson & Johnson Codman Neurosurgery business and wound care products for approximately $1.045 billion less customary adjustments, enhancing Integra's position as a leading global provider of products.
1. Burn Care Market Overview
1.1 Definitions and Scope
2. Burn Care Market - Executive Summary
2.1 Market Revenue and Key Trends by Company
2.2 Key trends by Type
2.3 Key trends by Source
2.4 Key trends by Geography
3. Burn Care Market – Comparative Analysis
3.1 Product Benchmarking – Key Companies
3.2 Financial Analysis – Key Companies
3.3 Market Value Split by Key Companies
3.4 Patent Analysis – Key Companies
3.5 Pricing Analysis
4. Burn Care Market - Startup Companies Scenario (Premium)
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Burn Care Market – Industry Market Entry Scenario Premium (Premium)
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Burn Care Market Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Burn Care Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Burn Care Market – By Type (Market Size –$Million/$Billion)
8.1 Minor Burn
8.2 Partial Thickness Burn
8.3 Full Thickness Burn
9. Burn Care Market – By Source (Market Size –$Million/$Billion)
9.1 Chemical Burns
9.2 Radiation Burns
9.3 Thermal Burns
9.4 Electrical Burns
9.5 Others
10. Burn Care Market – By Product Type (Market Size –$Million/$Billion)
10.1 Biologics
10.2 Advanced Burn Care
10.2.1 Collagen Dressings
10.2.2 Alginate Dressing
10.2.3 Hydrogel Dressing
10.2.4 Foam Dressing
10.2.5 Others
10.3 Traditional Burn Care
10.3.1 Dressings
10.3.2 Tapes
10.4 Others
11. Burn Care Market – By End User (Market Size –$Million/$Billion)
11.1 Hospitals/Clinics
11.2 Pharmaceuticals
11.3 Home Care
11.4 Others
12. Burn Care Market - By Geography (Market Size –$Million/$Billion)
12.1 North America
12.1.1 U.S.
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 U.K.
12.2.2 Germany
12.2.3 France
12.2.4 Italy
12.2.5 Spain
12.2.6 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 India
12.3.3 Japan
12.3.4 South Korea
12.3.5 Australia & New Zealand
12.3.6 Rest of Asia-Pacific
12.4 Rest of the World
12.4.1 Middle East
12.4.2 Africa
12.4.3 South America
13. Burn Care Market - Entropy
14. Burn Care Market – Industry/Segment Competition Landscape (Premium)
14.1 Market Share Analysis
14.1.1 Global Market Share – Key Companies
14.1.2 Market Share by Region – Key companies
14.1.3 Market Share by Countries – Key Companies
14.1.4 Best Practices for Companies
15. Burn Care Market – Key Company List by Country Premium (Premium)
16. Burn Care Market Company Analysis
16.1 Company 1
16.2 Company 2
16.3 Company 3
16.4 Company 4
16.5 Company 5
16.6 Company 6
16.7 Company 7
16.8 Company 8
16.9 Company 9
16.10 Company 10 and more
"*Financials for private companies would be provided on a best efforts basis”.