The rising number of burn injuries and expanding access of young people into emergency clinics is supposed to drive development of the global burn ointment market during the estimated timeframe. As indicated by the International Burn Injury Database 2019, more than 35,000 kids were confessed to medical clinics from 2015-2019. In these five years, that is 2015-19, 49% (that is 17,052) of all kids’ affirmations were assigned to specific burn administrations that included singing wounds from hot food or drink.
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Market players are occupied with inorganic exercises like associations, consolidations, and acquisitions, as would be considered normal to drive the development of the global burn ointment market. On February 16, 2021, Recce Pharmaceuticals Ltd., an organization that creates manufactured enemies of infective, declared an association with Fiona Stanley Hospital for a Phase 1/2 clinical preliminary to assess the capability of RECCE 327, another shower-on, expansive range of anti-toxin, for the treatment of skin wound contamination.
Effect of the Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic has impacted a few business sectors across the globe and is additionally expected to hamper the global burn ointment market. The COVID-19 pandemic has impacted the interest and supply of medical care items in three primary ways; by straightforwardly influencing the creation and request; by making interruptions in appropriation channels; and due to its monetary effect on firms and monetary business sectors. Due to the COVID-19 emergency, there was a decrease in patient affirmations for burn-related injuries or wounds. As per the article distributed in the journal of Burn Care and Research, an observational review was completed at Safdarjung Hospital in Delhi, India, from January 30 to July 15, 2020, to examine the study of disease transmission of the number of patients treated and the quantity of patients and medical service laborers impacted by COVID-19 during this time-frame. It was seen that when contrasted with the year 2019, the quantity of burn affirmations diminished by 42.6%.
In addition, as indicated by the same source, it was observed that the patients with burn wounds got tainted with COVID-19 during their visit to clinics. 17 patients (3.67%) and 29 medical services laborers (8.68%) tested positive for COVID-19 during their visit to the consumer office.
Moreover, clinical preliminaries directed at the launch of new superior items are supposed to drive the global burn ointment market’s development over the conjectured timeframe. On October 28, 2020, MediWound Ltd., a completely incorporated biopharmaceutical organization creating inventive treatments to address neglected needs in extreme burn and wound administration, declared that the enlistment phase of its NexoBrid Phase 3 pediatric clinical review has been finished (CIDS-Child Innovation Debridement Study). Top-line results with year-end follow-up information are normal in the final part of 2021.
Key Takeaways
The global burn ointment market is supposed to show a CAGR of 6.1% over the estimated timeframe (2021-2028). Rising acquisitions and agreement arrangements within market players are expected to account for a significant share over the forecasted timeframe (2021–2028), as evidenced by rising acquisitions and agreement arrangements within market players. On May 29, 2019, MediWound Ltd. reported that the U.S. Biomedical Advanced Research and Development Authority (BARDA) has extended the extent of the agreement with the organization by $21 million for the improvement of MediWound’s NexoBrid, a topically regulated item for fractional and full-thickness warm burns.
Key companies contributing to the global burn ointment market include Johnson & Johnson, Cipla Ltd., Wisconsin Pharmacal Company, Smith & Nephew PLC, GlaxoSmithKline, Dr. Morepen Ltd., Mankind Pharma Ltd., and Pfizer Inc.
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The Study Objectives are:
✔ A comprehensive insight into key players operating in the Burn Ointment Market and their corresponding data.
✔ It includes product portfolio, annual revenue, expenditure on research and development, geographical presence, key developments in recent years, and growth strategies.
✔ Regional analysis, which includes insight into the dominant market and corresponding market share.
✔ It also includes various socio-economic factors affecting the evolution of the market in the region.
✔ The report offers a comprehensive insight into different individuals from value chains such as raw materials suppliers, distributors, and stockholders.
Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Burn Ointment Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Burn Ointment Industry Impact
Chapter 2 Global Burn Ointment Competition by Types, Applications, and Top Regions and Countries
2.1 Global Burn Ointment (Volume and Value) by Type
2.3 Global Burn Ointment (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Burn Ointment Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Burn Ointment Market Analysis
Chapter 6 East Asia Burn Ointment Market Analysis
Chapter 7 Europe Burn Ointment Market Analysis
Chapter 8 South Asia Burn Ointment Market Analysis
Chapter 9 Southeast Asia Burn Ointment Market Analysis
Chapter 10 Middle East Burn Ointment Market Analysis
Chapter 11 Africa Burn Ointment Market Analysis
Chapter 12 Oceania Burn Ointment Market Analysis
Chapter 13 South America Burn Ointment Market Analysis
Chapter 14 Company Profiles and Key Figures in Burn Ointment Business
Chapter 15 Global Burn Ointment Market Forecast (2022-2028)
Chapter 16 Conclusions
Research Methodology
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