Global Burn Care Market 2021 Growth Opportunities and Competitive Landscape 2029– Hollister Incorporated, Cardinal Health, Coloplast Corp.

Burn Care Market Snapshot:

Burning is a form of physical injury induced by exposure to heat that may be caused due to electrical, chemical, radioactive, or thermal. The extent of a burn injury depends on the burn size and depth, which include first-grade burns, second-grade burns, and third-grade burns. Burn care products are used to prevent complications associated with burn injuries, such as pain control, reduce the risk of scarring, remove dead tissue, and prevent infection and recover functioning.

Increasing the occurrence of such accidents, surging demand for skin grafting, rising awareness regarding treatment options, and technological advancements drive the market growth. For instance, as per the World Health Organization (WHO), around 180,000 deaths are caused by burns each year across the globe, and the majority of these fatalities occur in low-and-middle-income countries. The market is also gaining traction due to increasing willingness among people to spend more on better healthcare and opt for new advanced burn care products. There are various treatment and care options available in the market for burn injuries, which include advanced dressings, traditional care products, and biologics.  
The study gives a transparent view of the Global Burn Care Market and includes a thorough competitive scenario and portfolio of the key players functioning in it. To get a clear idea of the competitive landscape in the market, the report conducts an analysis of Porter’s Five Forces Model. The report also provides a market attractiveness analysis, in which the segments and sub-segments are benchmarked on the basis of their market size, growth rate, and general attractiveness.

The high cost of burn care hampers the burn care market. The cases of second and third-degree burns involve extended hospital stays, resulting in high costs. As per the American Burn Association, in the U.S., the average length of hospital stay is 54 days for a survivor with 40–60 % body burn, and the estimated cost of the stay is USD 780,000 per patient per year.  

The burn care market was valued at USD 2024 million in 2019 and is projected to grow with a CAGR of 5.9%.

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The Major Players Covered in this Report: Hollister Incorporated, Cardinal Health, Coloplast Corp., Acelity L.P. Inc., Smith & Nephew, Johnson & Johnson, ConvaTec Inc., Mölnlycke Health Care AB, 3M Company, DeRoyal Industries, Integra LifeSciences Corporation, & More...

Burn Care Market Segmentation-
By Product- Advanced Burn Care, Biologics, Traditional Burn Care,
By Depth of Burn- Minor Burns, Partial-Thickness Burns, Full-Thickness Burns

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Burn Care in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Burn Care market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Burn Care and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Burn Care. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Impact of COVID-19:
COVID-19 pandemic has created havoc across the globe, with healthcare systems struggling to prepare adequately for other critical care services, such as burn injuries. In many places, the sudden rise in demand for critical care units has created scarcity, which is expected to impact the capacity of healthcare systems to provide critical care for burn injuries. This has obligated each burn care center to prepare under severe stress conditions, further hampering the market growth.

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Recent Developments:
In January 2019, Mölnlycke Health Care AB acquired M&J Airlaid products. This acquisition will be beneficial for Mölnlycke Health Care in strengthening the burn wound care portfolio. It will also help the company in the supply of advanced burn care dressing material by Airlaid.

In September 2019, Integra LifeSciences Corporation collaborated with European Burn Association Program. This is a training program for surgeons to inculcate the best practices and training for the treatment of burns.

The report covers exhaustive analysis on:
Overview of the parent market
Global Burn Care Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost
Historical, current and projected market size in terms of volume and value
Global Burn Care Market Forecast 2021 to 2029
Supply & Demand Value Chain
Global Burn Care Market dynamics, including the current trends/drivers/threats/restraints/challenges
Potential and niche segments/regions exhibiting promising growth
Market landscape, competition, and leading companies involved
Strategies of leading companies and product offerings
Technological advancements

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