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The burn care market is estimated to grow at a CAGR of 5.27% between 2022 and 2027. The size of the market is forecast to increase by USD 843.34 million. The growth of the market depends on several factors, including the high incidence of burn injuries and related deaths, advances in burn care treatments, and an increase in demand for cosmetic surgeries by burn patients.
This report extensively covers market segmentation by therapy (advanced burn care, biologics, and traditional burn care), type (third-degree (full thickness) burns, second-degree (partial thickness) burns, and first-degree (superficial) burns), and geography (North America, Europe, Asia, and Rest Of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The reports categorize the global burn care market as a part of the global healthcare supplies market that primarily covers manufacturers of medical products, including all categories of supplies, such as consumables and disposables, including safety needles, syringes, and catheters. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
The high incidence of burn injuries and related deaths is notably driving the market growth, although factors such as affordability issues may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Burn Care Market Driver
The high incidence of burn injuries and related deaths is notably driving the market growth. The high incidence of burn injuries and related deaths across the world is estimated to increase the demand for burn care products. Burn is the fourth most common type of trauma across the world, following traffic accidents, falls, and interpersonal violence. More than five million patients seek medical help for burns annually. Burns account for approximately 180,000 deaths around the globe every year. The majority of these occur in low- and middle-income countries, especially in regions such as South-East Asia. Burn injuries are highly prevalent in countries such as India, Bangladesh, and Nepal. This is leading to an increased demand for burn care treatments, which, in turn, will drive the growth of the market during the forecast period.
Significant Burn Care Market Trend
New product launches is the primary trend in the market. Prominent players in the market are primarily focusing on various growth strategies, such as new product launches, to broaden their landscapes and garner large market shares. The market has the presence of international and local players. New product launches help companies strengthen their product offerings and enhance diversification in supporting the end-users. For instance, in February 2021, Nanomedic Technologies Ltd. launched its Nanomedic wound care system that helps in dressing burn wounds with an artificial skin layer. Similarly, in September 2020, MiMedx Group Inc. launched a placental tissue allograft, EpiCord Expandable. This allograft helps healthcare providers to cover twice the wounded area, which is difficult to heal. Such factors will contribute to the growth of the market during the forecast period.
Major Burn Care Market Challenge
The affordability issue is the major challenge in the market. Burn care is one of the most expensive areas of healthcare. This is due to long hospital stays, material-intensive surgical and nonsurgical wound care, multiple operations, long-term rehabilitation, and expensive equipment requirements. The mean healthcare cost per burn patient in high-income countries is more than $85,000, whereas the mean healthcare cost in low and middle-income countries is more than $5,000. Many burn victims undergo reconstructive or restorative surgery, receive blood transfusions, get skin grafts, be closely monitored for infections, receive treatments to minimize scarring, and undergo a range of rehabilitative therapies. Hence, they have to incur a significant amount of costs for their treatments.
Additionally, many patients with severe burns require coordinated efforts from a multidisciplinary team, including critical care surgeons, plastic surgeons, specialized nurses, psychologists, pediatricians, physical therapists, respiratory therapists, social workers, and nutritionists. This subsequently results in cost escalation. Many burn patients from low and middle-income countries cannot afford this expensive treatment. Such factors will inhibit the growth of the market during the forecast period.
Key Burn Care Market Customer Landscape
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Burn Care Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Vericel Corp. - The company offers to burn care such as Epicel. Through its single reporting segment, the company offers research, product development, manufacturing, and distribution of cellular therapies for use in the treatment of specific diseases.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth of the advanced burn care segment will be significant during the forecast period. The advanced burn care segment includes alginate dressing, collagen dressing, foam dressing, hydrocolloid dressing, hydrogel dressing, wound contact layers, and film dressings. The segment is expected to grow fastest under the treatment type in the market during the forecast period. This is due to the development of advanced burn care products by vendors such as ConvaTec's FoamLite foam dressing, which allows the treatment of low to high-severe wounds.
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The advanced burn care segment was valued at USD 1,452.67 million in 2017 and continued to grow until 2021. The increasing prevalence of burn injuries and wounds has increased the demand for advanced burn care dressing across the world. The significant need for dressings has encouraged vendors to conduct research and develop novel dressings with advanced technologies that provide higher protection and rapid healing. For instance, in November 2021, researchers at the University of South Australia developed stimuli-responsive dressings that could safely reduce infection and stimulate healing. Such factors are expected to contribute significantly to the growth of the segment, which, in turn, will propel the growth of the market during the forecast period.
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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America dominated the market in 2022 and is expected to dominate the market during the forecast period. Factors such as the strong presence of major key vendors, increasing adoption of advanced burn care products such as skin grafts and advanced dressings, high awareness about advanced burn care treatments among end-users, high spending on healthcare infrastructure, and high prevalence of burn cases have fueled the growth of the market in the region.
According to the latest figures, there were more than 120 self-designated specialized burn care facilities in the US, and there were more than 20 burn centers in Canada. The US also has more than 100 accredited tissue banks that collect tissue from a large number of donors and distribute it to a majority of the patients undergoing allografts procedures. In addition, many countries in this region have increased their R&D spending on burn care.
The burn care market in North America witnessed slow growth, owing to the outbreak of COVID-19. However, the increasing adoption of technologically advanced products, the rising prevalence of burn injuries, the growing healthcare expenditure, and the increasing number of advanced healthcare facilities are some major factors that are expected to recover and stabilize the growth of the market in the region during the forecast period.
The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Burn Care Market Scope |
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Report Coverage |
Details |
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Page number |
161 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.27% |
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Market growth 2023-2027 |
USD 843.34 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
4.8 |
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Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
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Performing market contribution |
North America at 35% |
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Key countries |
US, Germany, UK, China, and Japan |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
3M Co., Acme United Corp., Anika Therapeutics Inc., B. Braun SE, BIOSKINCO SA DE CV, Boiron SA, Cardinal Health Inc., Coloplast AS, ConvaTec Group Plc, DeRoyal Industries Inc., Dynarex Corp., Essity Aktiebolag, Integra Lifesciences Holdings Corp., Johnson and Johnson, KCI Technologies Inc., Medline Industries LP, MedSkin Solutions Dr. Suwelack AG, Medtronic Plc, Molnlycke Health Care AB, PREVOR, Smith and Nephew plc, and Vericel Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Therapy
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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