July 19, 2019 by Johnson Paul
According to the latest market report published by Credence Research, Inc. “Burn care Market By Product (Attractive Investment Proposition, Advanced Burn Care Products, Biologic Skin Grafts, Traditional Burn Care Products), By Severity Of Burn (Minor Burns, Partial-Thickness Burns, Full-Thickness Burns) - Growth, Future Prospects & Competitive Analysis, 2017 - 2025” the global Burn care market was valued at US$ 1.64 Bn in 2016, and is expected to reach US$ 2.87 Bn by 2025, expanding at a CAGR of 6.4% from 2017 to 2025.
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According to world health organization (WHO), an estimated of 265,000 deaths are caused by burns every year, frequently happening in low and middle income countries. Availability of advance treatment, increasing cases of burn, favorable government initiatives and growing number of emergency centers are key parameters driving the growth of global burn care market. The global burn care market is categorized in terms of severity of burn, product type, and geography. Bsed on product type, the market is segmented into traditional burn care products, biologic skin grafts and advanced burn care products. In 2016, advanced burn care products dominated the market due to factors such as it lower the risk of infection in the wound, simple to apply, offers minimize irritation, more effective, require minimal maintenance and patient comfort. Based on severity of burn, the global burn care market is segmented into full-thickness burns, partial-thickness burns, and minor burns. In 2016, third-degree burns or full-thickness burns held largest market share as third-degree burns usually demand long-term treatment due to the high impact on layers of skin. Furthermore, the treatment may need surgical therapies and IV antibiotics to prevent the growth of infections.
In 2016, North America dominated the global burn care market due to higher preference for advance burn care treatment, satisfactory reimbursement policies by the government, more concern for aesthetic appearance, higher treatment cost and technological advancement.
Market Competition Assessment:
The global burn care market is highly competitive due to presence of numerous major and regional vendors. However, the market was dominated by key players including Coloplast A/S, Acelity L.P., Inc., 3M Company, ConvaTec, Inc., Medtronic Plc, Derma Sciences, Inc., Molnlycke Health Care, Hollister, Inc., and Smith & Nephew Plc.
Key Market Movements:
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Table of Content
Chapter 1. Preface
Chapter 2. Executive Summary
Chapter 3. Burn Care Market: Dynamics and Outlook
Chapter 4. Global Burn Care Market Analysis, by Product Type, 2015-2025 (US$ Bn)
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Chapter 5. Global Burn Care Market Analysis, by Severity of Burn, 2015–2025 (US$ Bn)
Chapter 6. Global Burn Care Market Analysis, by Geography, 2015–2025 (US$ Bn)
Chapter 7. Profiles