The Burns Treatment Market is poised for substantial growth, projected to attain a market value of US$ 1.2 billion in 2023, with expectations of further expansion to US$ 2.59 billion by 2033, supported by a robust CAGR of 8% during the forecast period from 2023 to 2033. Notably, the Burns Treatment Market experienced a 5% CAGR in the historical period spanning 2018 to 2022.
Within the realm of the healthcare industry, the Burns Treatment Market specializes in addressing burn injuries, which can vary from minor to severe and profoundly impact an individual’s quality of life. This market segment provides a diverse array of products and services for the effective management and treatment of burn injuries, encompassing wound dressings, topical agents, pain management solutions, and reconstructive surgery products.
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The growth of the is driven by increased awareness, significant growth in healthcare spending, and a rising incidence of burns. Asia Pacific is a growing market due to a shift towards point-of-care healthcare. The increasing number of hospitals in India and China presents a promising market opportunity globally.
North America is anticipated to acquire a market share of about 25% in the forecast period. This growth is attributable to the rising prevalence of the condition in the region. Furthermore, government initiatives and increase in the number of research partnerships are boosting the market growth across North America.
Key Takeaways from the Market Study
- From 2018 to 2022, the burn treatment market grew at a CAGR of 5%.
- The global burn treatment market is expected to grow with a 8% CAGR during 2023 to 2033.
- As of 2033, the burn treatment Market is expected to reach US$ 2.59 Billion
- According to the FMI analysis, hospitals account for the largest market share.
- North America is expected to possess 25% market share for the burn treatment market.
- The Asia Pacific market is predicted to increase significantly throughout the forecast period, with a CAGR of 5% during the forecast period.
Market Competition
Key players in the Burns Treatment Market are Smith & Nephew, ConvaTec Group, B. Braun Melsungen AG, Molnlycke Health Care, Integra LifeSciences, Coloplast A/S, Paul Hartmann AG, 3M, Acelity L.P. Inc., and Medtronic among other global players.
- In June 2022, the British Columbia Children’s Hospital, Canada, received about USD 1 million from the BC Professional Fire Fighters Burn Fund to support specialized care for kids with burn injuries.
- In June 2021, the United States Food and Drug Administration (FDA) approved Avita Medical’s expanded use of the RECELL System in combination with meshed autografting for treating all sizes of acute full-thickness thermal burn wounds for both pediatric and adult patients.
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More Insights Available
FMI, in its new offering, presents an unbiased analysis of the global Burns Treatment Ointment Market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights on the basis of treatment type, degree of burn, & region.
Key Segments Profiled in the Burns Treatment Industry Survey
Treatment Type:
- Wound Care Dressings
- Antimicrobial Dressings
- Hydrocolloid Dressings
- Hydrogel Dressings
- Film Dressings
- Foam Dressings
- Alginate Dressings
- Wound Care Therapy
- Thermal Burn Therapy
- Negative Pressure Wound Therapy
- Ultrasound Therapy
- Hyperbaric Oxygen Therapy
- Medications
- Burn Creams & Ointments
- Anti-infective Drugs
- Painkillers & Anti-anxiety Medications
- IV-Fluids & Therapeutic Peptide
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Degree of Burn
- First-degree Burns
- Second-degree Burns
- Third-degree Burns
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