Burn Care Market Size & CAGR (2023-2031)
The Burn Care Market is expected to register a CAGR of 7.1% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by By Product (Biologics, Advanced Dressings, Traditional Burn Care Products and Others), End User (Hospitals, Clinics, Home Care Settings and Others). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Burn Care Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Burn Care Market Segmentation
Product- Biologics
- Advanced Dressings
- Traditional Burn Care Products and Others
- Hospitals
- Clinics
- Home Care Settings and Others
Strategic Insights
Burn Care Market Growth Drivers- Increasing Incidence of Burns: Incidents related to accidents, industrial environments, and domestic settings are increasingly accountable for the increase in cases of burns. Increased awareness of burn-related injuries is also driving treatment needs. Increasing domestic and industrial accidents owing to an increase in activities in the kitchen and hazards from industries are on the rise to boost the number of burns cases.
- Clinical Studies and Trials: Ongoing clinical studies are discovering newer material and methods of treatment for burns, which can further stimulate the growth of the market due to its introduction of new solutions. Clinical research provides evidence, which is always an important factor in the development of guidelines and best practices in burn management in different parts of the world, leading to standardization in the approaches for treatment.
- Growing awareness and education: Increased awareness about the prevention of burn and the importance of proper and effective burn treatment fosters more demand for specialized burn care products and services. Growing campaigns and programs for awareness and education increase safety practices to prevent burns while improving knowledge about burn care in healthcare professionals and among the public.
- Advancements in Healthcare Technology: Advancement in medical technology and product development, including advanced wound care products, bioengineered skin substitutes, and antimicrobial dressings, are all improving treatment options for burns. The entry of biologics and tissue engineering concentrated on treating burns will be another trend factor in market growth.
- Evolving Dermatology Industry: In the evolving dermatology industry, new treatments and technologies are developed periodically. In this context, innovative products and approaches tailored to managing burn injuries could energize the burn care market. Further, pharmaceutical and medical device companies are increasing investments in R&D to develop more effective topical agents, dressings, and biological products for superior recovery from burn injuries.
- Cosmetic and reconstructive surgery: the increase in cosmetic and reconstructive surgery rates after severe burns propel the market for recovery-related, scar managing, and skin restoration products. Recovery products are quickly being added to postoperative care to limit scar formation. Besides this, innovated laser technology for scar revision and skin resurfacing are included in post-burn care protocols.
- Increased Spending on Healthcare: The growing healthcare expenditure all over the world, with particular emphasis on advanced regions, drives the burn care products market. Health systems are focusing on efficient treatment modalities. Research funding for topics and treatment modalities related to burns boosts the development of the burn care market.
- Government Initiatives and Support: Improvement in the healthcare infrastructure and provision of better treatment to burn victims through the government initiatives are growing causes to expand the burn care market. Many governments and health organizations have increased their focus on programs that include both prevention and treatment related to burns, which enhances research and product development.
- Emergence of Home Healthcare: As health care continues assuming a home-based care and management shift, the market will continue experiencing an increasing demand for safely used burn care products in the home setting. Home healthcare will be likely to decrease the costs associated with longer hospitalizations and, therefore, diminish the burden for health care systems and payers. Reduced complications and readmissions that render financial benefits both to patients and healthcare providers may be associated with effective home care.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Burn Care Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Burn Care Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Advanced Dressings segment accounts for highest revenue in product sgement in 2023
Smith Nephew plc, Medtronic, Mölnlycke Health CareAB, 3M, BSN medical, Integra LifeSciences, ConvaTec Group PLC, KCI Licensing Inc, Derma Sciences Inc are are some of the major market players operating in the market
Asia Pacific region dominated the burn care market in 2023
North America region dominated the burn care market in 2023
The Burn Care Market is estimated to witness a CAGR of 7.1% from 2023 to 2031
The major factors driving the burn care market are:
1.Increasing incidence of burns
2. Surging clinical studies and trials
3. Growing awareness and education about burns treatment and prevention
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Burn Care Market- By Product
1.3.2. Burn Care Market- By End User
1.3.3. Burn Care Market- By Region
1.3.3.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BURN CARE MARKET LANDSCAPE
4.1. MARKET OVERVIEW
4.2. PEST ANALYSIS
4.2.1. North America - PEST Analysis
4.2.2. Europe - PEST Analysis
4.2.3. Asia Pacific - PEST Analysis
4.2.4. Middle East & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. BURN CARE MARKET- KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. BURN CARE MARKET- GLOBAL ANALYSIS
6.1. BURN CARE MARKET - GLOBAL MARKET OVERVIEW
6.2. BURN CARE MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. BURN CARE MARKET REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. BIOLOGICS MARKET
7.3.1. Overview
7.3.2. Biologics Market Forecast and Analysis (US$ Mn)
7.4. ADVANCED DRESSINGS MARKET
7.4.1. Overview
7.4.2. Advanced Dressings Market Forecast and Analysis (US$ Mn)
7.5. TRADITIONAL BURN CARE PRODUCTS MARKET
7.5.1. Overview
7.5.2. Traditional Burn Care Products Market Forecast and Analysis (US$ Mn)
7.5.3. Tapes Market
7.5.3.1. Overview
7.5.3.2. Tapes Market Forecast and Analysis (US$ Mn)
7.5.4. Dressings Market
7.5.4.1. Overview
7.5.4.2. Dressings Market Forecast and Analysis (US$ Mn)
7.6. OTHER BURN CARE PRODUCTS MARKET
7.6.1. Overview
7.6.2. Other Burn Care Products Market Forecast and Analysis (US$ Mn)
8. BURN CARE MARKET REVENUE AND FORECASTS TO 2028 - BY END USER
8.1. OVERVIEW
8.2. BY END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS MARKET
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis (US$ Mn)
8.4. CLINICS MARKET
8.4.1. Overview
8.4.2. Clinics Market Forecast and Analysis (US$ Mn)
8.5. HOME CARE SETTINGS MARKET
8.5.1. Overview
8.5.2. Home Care Settings Market Forecast and Analysis (US$ Mn)
8.6. OTHER BY END USERS MARKET
8.6.1. Overview
8.6.2. Other By End Users Market Forecast and Analysis (US$ Mn)
9. BURN CARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA BURN CARE MARKET
9.1.1. North America Burn Care Market Forecasts and Analysis (US$ Mn)
9.1.2. North America Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.1.2.1. North America Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.1.3. North America Burn Care Market Forecasts and Analysis - By End User (US$ Mn)
9.1.4. North America Burn Care Market Forecasts and Analysis - By Country
9.1.5. US Market Overview
9.1.5.1. US Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.1.5.1.1. US Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.1.5.2. US Burn Care Market By Forecasts and Analysis - By End User (US$ Mn)
9.1.6. Canada Market Overview
9.1.6.1. Canada Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.1.6.1.1. Canada Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.1.6.2. Canada Burn Care Market By Forecasts and Analysis - By End User (US$ Mn)
9.1.7. Mexico Market Overview
9.1.7.1. Mexico Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.1.7.1.1. Mexico Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.1.7.2. Mexico Burn Care Market By Forecasts and Analysis - By End User (US$ Mn)
9.2. EUROPE BURN CARE MARKET
9.2.1. Europe Burn Care Market Forecasts and Analysis (US$ Mn)
9.2.2. Europe Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.2.2.1. Europe Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.2.3. Europe Burn Care Market Forecasts and Analysis - By End User (US$ Mn)
9.2.4. Europe Burn Care Market Forecasts and Analysis - By Country
9.2.5. UK Market Overview
9.2.5.1. UK Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.2.5.1.1. UK Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.2.5.2. UK Burn Care Market By Forecasts and Analysis - By End User (US$ Mn)
9.2.6. Germany Market Overview
9.2.6.1. Germany Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.2.6.1.1. Germany Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.2.6.2. Germany Burn Care Market By Forecasts and Analysis - By End User (US$ Mn)
9.2.7. France Market Overview
9.2.7.1. France Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.2.7.1.1. France Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.2.7.2. France Burn Care Market By Forecasts and Analysis - By End User (US$ Mn)
9.3. ASIA PACIFIC BURN CARE MARKET
9.3.1. Asia Pacific Burn Care Market Forecasts and Analysis (US$ Mn)
9.3.2. Asia Pacific Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.3.2.1. Asia Pacific Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.3.3. Asia Pacific Burn Care Market Forecasts and Analysis - By End User (US$ Mn)
9.3.4. Asia Pacific Burn Care Market Forecasts and Analysis - By Country
9.3.5. Japan Market Overview
9.3.5.1. Japan Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.3.5.1.1. Japan Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.3.5.2. Japan Burn Care Market By Forecasts and Analysis - By End User (US$ Mn)
9.3.6. India Market Overview
9.3.6.1. India Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.3.6.1.1. India Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.3.6.2. India Burn Care Market By Forecasts and Analysis - By End User (US$ Mn)
9.3.7. China Market Overview
9.3.7.1. China Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.3.7.1.1. China Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.3.7.2. China Burn Care Market By Forecasts and Analysis - By End User (US$ Mn)
9.4. MIDDLE EAST & AFRICA (MEA) BURN CARE MARKET
9.4.1. Middle East & Africa (MEA) Burn Care Market Forecasts and Analysis (US$ Mn)
9.4.2. Middle East & Africa (MEA) Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.4.2.1. Middle East & Africa (MEA) Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.4.3. Middle East & Africa (MEA) Burn Care Market Forecasts and Analysis - By End User (US$ Mn)
9.4.4. Middle East & Africa (MEA) Burn Care Market Forecasts and Analysis - By Country
9.4.5. South Africa Market Overview
9.4.5.1. South Africa Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.4.5.1.1. South Africa Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.4.5.2. South Africa Burn Care Market By Forecasts and Analysis - By End User (US$ Mn)
9.4.6. Saudi Arabia Market Overview
9.4.6.1. Saudi Arabia Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.4.6.1.1. Saudi Arabia Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.4.6.2. Saudi Arabia Burn Care Market By Forecasts and Analysis - By End User (US$ Mn)
9.4.7. UAE Market Overview
9.4.7.1. UAE Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.4.7.1.1. UAE Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.4.7.2. UAE Burn Care Market By Forecasts and Analysis - By End User (US$ Mn)
9.5. SOUTH AND CENTRAL AMERICA BURN CARE MARKET
9.5.1. South and Central America Burn Care Market Forecasts and Analysis (US$ Mn)
9.5.2. South and Central America Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.5.2.1. South and Central America Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.5.3. South and Central America Burn Care Market Forecasts and Analysis - By End User (US$ Mn)
9.5.4. South and Central America Burn Care Market Forecasts and Analysis - By Country
9.5.5. Brazil Market Overview
9.5.5.1. Brazil Burn Care Market Forecasts and Analysis - By Product (US$ Mn)
9.5.5.1.1. Brazil Traditional Burn Care Products Market Forecasts and Analysis - By Type (US$ Mn)
9.5.5.2. Brazil Burn Care Market By Forecasts and Analysis - By End User (US$ Mn)
10. INDUSTRY LANDSCAPE
10.1. ORGANIC GROWTH STRATEGIES
10.1.1. New Product Launches
10.1.2. Marketing & Promotional Activities
10.2. INORGANIC GROWTH STRATEGIES
10.2.1. Partnerships, Collaborations, and Joint Ventures
10.2.2. Mergers & Acquisitions
11. BURN CARE MARKET, KEY COMPANY PROFILES
11.1. SMITH & NEPHEW PLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. MEDTRONIC
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. MÖLNLYCKE HEALTH CARE AB
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. 3M
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BSN MEDICAL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. INTEGRA LIFESCIENCES
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. CONVATEC GROUP PLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. KCI LICENSING, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. DERMA SCIENCES INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. HOLLISTER INCORPORATED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Smith & Nephew plc
2. Medtronic
3. Mölnlycke Health Care AB
4. 3M
5. BSN medical
6. Integra LifeSciences
7. ConvaTec Group PLC
8. KCI Licensing, Inc.
9. Derma Sciences Inc.
10. Hollister Incorporated
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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