The Global Burn Care Market was worth $1.67 billion in 2016 and estimated to reach $2.17 billion by the end of 2021 with a growing potential of 6.82%. Burns are a global public health problem, accounting for an estimated 265 000 deaths annually. The majority of these deaths occur in low- and middle-income countries and almost half occur in the WHO South-East Asia Region.
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In many developed countries, burn death rates have been declining, and the rate of child deaths from burns is currently over 7 times higher in developing and poor countries than in developed countries. Burn injuries continue to cause sickness and mortality globally. Despite collaborations and preventative measures, there are still many cases reported in many countries. The treatment of these patients is often protracted and requires extensive resources. The adequate revival of these patients coupled with scrupulous wound care can have a large impact on their outcome.
The Major factors that attribute to the growth of the Market is due to rising incidence of burns, growing expenditure in Healthcare, favourable government initiatives, expanding awareness regarding treatment options. However, increasing cost of burn care treatments and products are the major factors that are challenging the growth of the market. The Burn Care market was dominated by North America, followed by Europe, Asia-Pacific. Increasing demand for Biologics in U.S are driving the growth in North America.
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The Global Burn Care Market is broadly categorized based on Products (Advanced dressings, Biologics, Traditional). Among these Advanced dressings is projected to account a largest share in the market while biologics is expected to witness highest growth in CAGR during the forecast period. Based on extent of damage (Minor, Superficial Partial Thickness, deep partial thickness burn), based on End users (Hospitals, Clinics and Home care). The hospital segment accounts to largest share in the market with increasing incidence of burn injuries and also due to advancement in burn care products and treatments. On the basis of geography, the global burn care market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America, and Middle east and Africa.
Some of the major companies dominating the global burn care market, by their products and services include Smith & Nephew plc (U.K.), Acelity L.P (U.S.), 3M Company (U.S.), Molnlycke Health Care (Sweden), Derma Sciences Inc.(U.S.), Medtronic (Ireland), Convatec Inc (U.K.), Coloplast A/S (Denmark),.
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