Burn Care Market Growing At a CAGR of 6.9% From 2021

Burn Care:

Heat, radiation, electricity, or chemicals can cause a burn to the skin or tissue. Hot liquids and fire are the most prevalent causes of burns; however other factors such as drunkenness, smoking, and interpersonal aggression can also result in burn injuries. Unfortunately, only a few steps may be taken to avoid these wounds. While minor burns can be treated with over-the-counter pain relievers, serious burns require long-term care at burn centers.

Market Growth:

From 2021 to 2028, the global Burn Care Market is predicted to increase at a compound annual growth rate (CAGR) of 6.9%. The rising incidence of burns, high need for skin grafts, expanding awareness of treatment alternatives, and technical improvements drive up demand for burn care goods. A key driver boosting the market over the forecast period is raising public awareness about various treatment choices connected to burn care. The market is also picking up steam, thanks to people's increasing willingness to spend more money on advanced burn treatment solutions.

Another key aspect driving burn care market expansion is the rising need for skin grafts. In addition, burn care and therapy have recently changed to a more holistic strategy that emphasizes recovery from a burn injury and improvement in long-term function and shape of the healed lesion and the overall quality of life.

The need for skin grafts and other skin replacements in the treatment and management of acute burns has increased and continues to rise due to this trend. Skin grafts are commonly used to treat partial and full-thickness burns, and they play a significant role in injury treatment. Skin grafts can be either biological or synthetic.

Market Segmentation:

The global burn care market can be divided into standard burn care, biologics, advanced burn care, and others, depending on the product. Demand for sophisticated burn treatment products is predicted to grow at a faster rate than the rest. The partial-thickness burns category is projected to have the highest demand in terms of burn depth. Minor and full-thickness burns are two more segments covered by this measure. Physician clinics, hospitals, and home care may be the most important market categories for end users.

Regional Analysis:

North America dominated the Burn Care Market in 2020, accounting for more than 35.0 percent of the total. The market is predicted to rise because of an increase in burns and a rising demand for skin grafts and alternatives. Furthermore, prominent market competitors in this region, focusing on strategic initiatives such as new product launches and mergers & acquisitions, are projected to generate attractive growth prospects in the region. Over the projected period, the market in the Asia Pacific is expected to develop at the fastest rate. According to the World Health Organization, the Western Pacific Region has a 20-fold greater rate of burn injuries that require immediate medical attention than the Americas.

Key Players:

The global burn care market is dominated by Coloplast A/S, Smith & Nephew plc, Derma Sciences, Inc., Medtronic, Acelity L.P., 3M Company, and Mölnlycke Health Care.