Inkwood Research estimates that the Global Burn Care Market is evaluated to register a CAGR of 5.74% in terms of revenue during the forecasting years of 2021-2028.
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Burn is an injury to tissue or skin due to heat, chemicals,
radiation, etc. Burns are of different degrees. Major burns need prolonged
treatment in specialized burn-care centers, while superficial burns are dealt with
using simple pain medications. Traditional and advanced burn care products are
used for burn treatment.
Innovations
in the Burn Care Products propel Market Growth
The burn care market growth is estimated to be benefitted by
innovations in developing cost-effective therapies. As per the US Centers for
Disease Control and Prevention (CDC) estimates, the burn care industry is set
to undergo rapid growth, accredited to the availability of several products like
ACTICOAT, Tegaderm, Mepitel Ag, etc., and sterile dressings like cuticell
classic and cuticell contact.
Furthermore, the major focus of researchers is on the
development of new burn healing remedies. This will further offer ample growth
opportunities. For example, the launch of Vacuum-esque bandages,
bacteriophages, and crab shell bandages, is projected to widen the application
of burn care. Also, investors are set to shift their focus on smaller players
to design innovative therapies to cater to the market demands. As a result,
product innovations are set to influence market growth.
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Fastest-Growing
End-User: Home Care
Home care entails healthcare services offered by skilled
medical practitioners to patients in their homes under a physician’s direction.
The services include patient assistance with personal care and hygiene,
dressing & undressing, speech-language therapy, medical social services,
and rehabilitation regimes. Also, it aids in treading individuals with minor or
mild burn injuries. The upgraded reimbursement policies and rising preference
for home care for burn care due to minimized treatment costs fuel the home care
segment growth.
North
America dominated the Global Market as of 2020
In North America, the growing incidence of burn injuries, the
availability of advanced healthcare facilities and trained medical
professionals, the presence of key players, surging investment by the
governments, and the rising R&D activities, makes it the dominating region
in the global market. Moreover, the increasing availability of burn care
products and the growing awareness of their usage propel market growth.
The competitive rivalry is evaluated to be high, with
increasing price pressure among the vendors. Medtronic Plc (Covidien), B Braun
Melsungen AG, Medline Industries Inc, Johnson & Johnson (Ethicon Inc),
etc., are among the key vendors in the market.
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fact-based research are customized across industry verticals such as
technology, automotive, chemicals, materials, healthcare, and energy, with an
objective comprehension that acknowledges the business environments. Our
geographical analysis comprises North & South America, CEE, CIS, Middle
East, Europe, Asia, and Africa.
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