Burn Care Market Size is Expected to Reach at USD 3.8 Billion by 2030, Registering a CAGR of 7%, Owing to Increasing Incidence of Burn Injuries
The Global Burn Care Market Size is predicted to reach USD 3.8 Billion by 2030 from USD 2.1 Billion in 2021, at a CAGR of 7% between 2022 and 2030, as per the Acumen Research and Consulting
The burn care market is a rapidly evolving field, driven by advances in technology and treatment options. There is a growing demand for products that can improve the healing process and reduce the risk of complications, as well as for more effective pain management solutions. Additionally, the market is seeing an increase in the number of burn centers and burn units, as well as a growing focus on burn prevention and education. As a result, the burn care market revenue is expected to experience significant growth in the coming years.
Burn care refers to the medical treatment and management of burns, which are injuries to the skin and underlying tissues caused by heat, chemicals, electricity, radiation, or friction. The severity of burns can range from minor to life-threatening and can require different levels of care depending on the extent of the injury. The main goal of burn care is to prevent infection, minimize scarring, and promote healing. With the increasing industrialization and urbanization, the number of burn incidents is increasing. There is a growing demand for products that can improve the healing process and reduce the risk of complications, as well as for more effective pain management solutions.
Burn Care Market Statistics
- Global Burn Care market value was worth USD 2.1 Billion in 2021, with a 7% CAGR from 2022 to 2030
- According to one survey, about 450,000 people in America suffer burn injuries each year.
- North America burn care market share occupied around 32.2% in 2021
- According to research, thermal burns are the most common cause of burn injuries, accounting for around 85% of all burn injuries
- By product, the advanced dressing capture over 44.9% of total market share in 2021
- Development of new and advanced products, such as silver-based dressings, growth factor-based topical agents, and laser therapy, propels the burn care market size
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Burn Care Market Trends
The burn care market is currently experiencing expansion due to the growing incidence of burn injuries, advancements in technology, and increasing healthcare expenditure. The market is being driven by factors such as increasing awareness about burn care, growing government initiatives to improve burn care facilities, and rising incidence of burn injuries due to accidents, natural disasters, and war. One of the current developments in the global market is the increased use of sophisticated dressings and topical agents, such as silver-based dressings and growth factor-based topical agents, which are known to enhance wound healing and reduce infection risk. Furthermore, the utilization of advanced therapeutic technologies, such as laser therapy and ultrasound therapy, is gaining traction in the burn care sector.
The increased emphasis on telemedicine and home care is another prominent evolution in the burn treatment sector. Telemedicine is gaining popularity because it allows burning victims to receive medical care from the comfort of their own homes while also lowering the danger of infection. Home treatment is also becoming a more popular alternative for burn victims due to its increased flexibility and cost savings. Overall, the burn care market growth is likely to expand in the future years, owing to an increase in the number of burn injuries and a growing emphasis on sophisticated treatment options and telemedicine.
Burn Care Market Segmentation
Acumen Research and Consulting has segmented the global burn care market by product, cause, depth of wound, and end-use.
- Based on the product, the industry is categorized into biologics, advanced dressing (hydrogel dressing, film dressing, alginate dressing, hydrocolloid dressing, collagen dressing, wound contact layers, and foam dressing), traditional products, and others.
- Based on the cause, the market is divided into chemical, thermal, radiation, electrical, and others.
- Based on the depth of wound, the market is divided into full thickness, minor, and partial thickness.
- Based on the end-use, the market is classified into home care, hospitals (outpatient hospitals and inpatient hospitals), physician offices, and others. According to the burn care market forecast, the dehydrated Burn Care segment is estimated to grow significantly over the next several years.
Burn Care Market Regional Overview
Geographically, the worldwide burn care market is segmented into Europe, Latin America, North America, Asia Pacific, and the MEA. According to a burn care industry analysis, Asia-Pacific will witness a positive CAGR in the coming years. Emerging economies, such as India and China have experienced rapid economic growth. The rising living standards in these countries have raised the demand for innovative products and procedures. In the near future, rising disposable income is expected to fuel regional demand for aesthetic procedures. The presence of well-established health facilities, attractive reimbursement systems, and advanced treatments are some of the most important elements influencing industry development in growing economies such as China, India, and other Asian nations. Acceptance of technically advanced surgeries, such as reconstructive burn surgery, is also projected to drive regional market development.
Burn Care Market Players
Some of the leading burn care market companies include Johnson & Johnson, Cardinal Health, Coloplast Corp., Mölnlycke Health Care AB, ConvaTec Inc., 3M, Integra LifeSciences Corporation, DeRoyal Industries, Inc., Acelity L.P. Inc., Smith & Nephew, and Hollister Incorporated.
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Mr. Frank Wilson
Acumen Research and Consulting
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