Burn Ointment Market - Forecast(2024 - 2030)

Report Code: HCR 1394 Report Format: PDF + Excel

Burn Ointment Market Overview

The Burn Ointment Market size was $841.9 million in 2020 and is poised to grow at a CAGR of 6.1% over the forecast period of 2021-2026. The factors which will aid the demand for burn ointments are the policy up-gradation, which will now cater to all degrees of burn; technological advancements helping the burn affected patients to reconstruct vital parts or organs; and also the rising cases of blaze burn across the regions. The treatment of burns is mostly treated with topical ointments, silver, hydrogel dressings and biologics. Lately, advancements have been made to alignate dressings to increase its absorbent potential. Burns are divided into various subcategories, that are dependent on skin involvement and skin penetration. Higher involvement or penetration results in elevated severity and treatment costs. The listed concerns are poised to drive the burn ointment industry at an optimistic pace.

Burn Ointment Market

Report Coverage

The report: Burn Ointment Market Forecast (2021-2026)”, by Industry ARC covers an in-depth analysis of the following segments of the Burn Ointment Market Forecast.

By Depth of Burn: Minor Burns, Partial Thickness Burns, Full Thickness Burns and Fourth Degree Burns.
By Product Type: Topical Antibiotics, Silver, Iodine and Others.
By End Use- Hospital, Clinics and Other.
By Geography- - North America (U.S., Canada, Mexico), Europe (Germany, United Kingdom (U.K.), France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia, and New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina, and Rest of South America), and Rest of the World (the Middle East, and Africa).

Key Takeaways

    • North America constituted the maximum share for the demand of Burn Ointments market in the year 2020 owing to the surge in burn accidents, and the associated casualties. 
    • The growth in this industry would be on factors such as a rise in the total accidents, and also due to the technological advancements to avoid scarring.
    • The report consisting of Strengths, Weaknesses, Opportunities and Threat would be provided in the market report.
    • A challenge for the industry is to mitigate the side effects, and the scarring on the skin of various individuals. 

    Burn Ointment Market by Geography 2020

    Burn Ointment Market by Geography

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    Burn Ointment Market Segment Analysis - By Product

    The market of burn ointments is segregated into three product types, namely Topical Antibiotics, Silver and Iodine. Topical Antibiotics occupied a dominant market share in the year 2020. The reason for the demand for topical antibiotics is attributed to the characteristics of maintaining a moist environment around the wound, with the superiority of preventing further colonization.

    The demand for topical antibiotics is poised to propel at a CAGR of 6.3% over the forecast period of 2021-2026. The factors which will assist in the growth of this product is the acceptance of topical antibiotics over any minor burn, and also its exceeding usage in-home care settings for immediate relief. The following factors are expected to fuel the demand for topical antibiotics.

    Burn Ointment Market Segment Analysis - By End use

    The demand for burn ointments is mostly contributed by Hospitals and Clinics. Hospitals dominated the market segment in the year 2020. The reason for dominant demand is fueled by excessive degrees of burns in children and the elderly. WHO suggested that the elderly and children are the most affected population, as they are most susceptible to accidents involving hot water or burn from other electronic appliances. The treatment for such incidents can only take place in an advanced medical setting or hospitals.

    The demand for burn ointments is said to be following the same trajectory over the forecast period of 2021-2026, and Hospitals are poised to show domination by growing at a CAGR of 6.9%. The accompanying reason for adopting hospitals for the treatment of burn-related incidents are owing to the fact that hospitals provide better medicinal facilities and reimbursements facilities via health insurance or any other Medicare programmes. The following factors positions Hospitals as prime contenders for using burn ointments.

    Burn Ointment Market Segment Analysis - By Geography

    North America held the largest share of burn ointments in the year 2020 having a market stake of 36.9%. The rationale behind the surge is attributed to the growing number of blaze burn across the demographics. The burn ointment segment will further fuel up, owing to the recent innovations in this market and a healthy-rising awareness of treatments at an affordable price.

    Asia-Pacific is poised to grow in the period of 2021-2026. The accompanying reason for the reported surge is owing to the rising prevalence of blaze burn wounds amongst the population. WHO reports that the chances of getting a blaze wound are 20 times higher than the western demographic. The region is poised to enter programmes to substantially mitigate the chances of burn accidents amongst the youth.

    Burn Ointment Market Drivers

    Surge in the number of burn victims to drive the market demand

    The increase in the accidents resulting in burn wounds has substantially pent up in the last decade. For starters, India has 1 Million cases of burn victims every year. Bangladesh provides 173,000 cases on a yearly basis for the children burnt. In reasons such as Indonesia, Colombia, Egypt and Pakistan the percentage for permanent disability is around 18% of the total cases. The following reason will help the Burn Ointment Market to progress.

    Intensifying Awareness regarding treatment poised to drive market growth

    The technological advancements to treat burn wounds have shown significant progress. The awareness campaigns have started gaining traction globally, as USA launched National Burn Awareness Week to spread education about the prevention for the accidents resulting in burns In UK, Children's Burns Trust works along with British Burn Association to mitigate the cases of burn victims. 

    Burn Ointment Market Challenges

    Mounting cases of Scarring

    Burn Ointments often causes scarring on the skin. Burn Ointments have been advanced, but they are not able to comprehend the damage caused to the tissue of the skin. The reason can hamper the growth of the market.

    Burn Ointment Market Landscape

    The Burn Ointment market has continually progressed by adopting their business activities through acquisitions, mergers and advanced product development. The top 10 companies operating in the Burn Ointment industry are- Johnson and Johnson, Pfizer, Dr Morepen, Smith and Nephew, ConvaTec Inc, Sun Pharma Ltd, 3M, Integra Life Sciences, Hill Rom, Acelity.

    In September 2019, the “Share your Care” programme was launched by Integra Lifesciences, to help European doctors to treat the cases of Acute Burn. The programme was facilitated by the European Burns Association.

    Relevant Report Titles:

    Burn Care Market Forecast 2021-2026
    Report Code- HCR 0527

    For more Lifesciences and Healthcare related reports, please click here

    1. Burn Ointment Market - Market Overview
        1.1 Definitions and Scope
    2. Burn Ointment Market - Executive Summary
        2.1 Market Revenues and Key Trends by Company
        2.2 Key Trends by Product Type
        2.3 Key Trends by Depth of Burn
        2.4 Key Trends by End Use
        2.5 Key Trends by Geography
    3. Burn Ointment Market - Comparative Analysis
        3.1 Product Benchmarking- Key Companies
        3.2 Financial Analysis- Key Companies
        3.3 Market Share Analysis- Key Companies
        3.4 Patent Analysis
        3.5 Pricing Analysis
    4. Burn Ointment Market- Startup Companies Scenario
        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 Ointment Market- Industry Market Entry Scenario 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 Ointment Market- Market Forces
        6.1 Market Drivers
        6.2 Market Constraints
        6.3 Porter Five Forces Model
            6.3.1 Bargaining Power of Suppliers
            6.3.2 Bargaining Power of Customers
            6.3.3 Threat of New Entrants
            6.3.4 Rivalry among existing players
            6.3.5 Threat of Substitutes
    7. Burn Ointment Market - Strategic Analysis
        7.1 Value- Chain Analysis
        7.2 Opportunities Analysis
        7.3 Market Life Cycle
    8. Burn Ointment Market - By Product Type (Market Size- $Million/$Billion)
        8.1 Topical Antibiotics
        8.2 Silver
        8.3 Iodine
        8.4 Others
    9. Burn Ointment Market- By Depth of Burn (Market Size- $Million/$Billion)
        9.1 Minor Burns
        9.2 Partial Thickness Burn
        9.3 Full Thickness Burn
    10. Burn Ointment Market- By End Use (Market Size- $Million/$Billion)
        10.1 Hospital
        10.2 Clinics
        10.3 Others
    11. Burn Ointment Market- By Geography (Market Size- $Million/$Billion)
        11.1 North America
            11.1.1 U.S.
            11.1.2 Mexico
            11.1.3 Canada
        11.2 Europe
            11.2.1 U.K.
            11.2.2 France
            11.2.3 Germany
            11.2.4 Italy
            11.2.5 Spain
            11.2.6 Russia
            11.2.7 Rest of Europe
        11.3 Asia Pacific
            11.3.1 China
            11.3.2 India
            11.3.3 Japan
            11.3.4 South Korea
            11.3.5 Australia & New Zealand
            11.3.6 Rest of Asia Pacific
        11.4 South America
            11.4.1 Brazil
            11.4.2 Argentina
            11.4.3 Rest of South America
        11.5 Rest of the World
            11.5.1 Middle East
            11.5.2 Africa
    12. Burn Ointment Market Entropy
    13. Burn Ointment Market - Industry/ Segment Competition Landscape Premium
        13.1 Market Share Analysis
            13.1.1 Global Market Share- Key Companies
            13.1.2 Market Share by Region- Key Companies
            13.1.3 Market Share by Country- Key Companies
            13.1.4 Best Practices for Companies
    14. Burn Ointment Market- Key Company List by Country Premium (Premium)
    15. Burn Ointment Market Company Analysis
        15.1 Company Revenue, Products, M&A, Developments
        15.2 Company 1
        15.3 Company 2
        15.4 Company 3
        15.5 Company 4
        15.6 Company 5
        15.7 Company 6
        15.8 Company 7
        15.9 Company 8
        15.10 Company 9
        15.11 Company 10 and more