Burn Care Market to See Booming Growth 2021-2028 | Smith & Nephew Plc. Molnlycke, ConvaTec Inc., Integra LifeSciences Corporation

Overview:

Burn injuries are highly traumatic, extremely painful, and can lead to disfigurement, permanent scarring, or even death. The treatment of these injuries depends on the severity of burn, injured area, and depth of burn. Technologically advanced or modern burn care products are available in the market to treat all degrees of burns injuries.

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The global burn care market was valued at US$ 2,219.0 in 2018, and is projected to exhibit a CAGR of 6.1% over the forecast period (2019 - 2026).

Drivers:

Increasing product approvals and introduction of novel, technologically advanced burn care treatment are expected to augment the growth of the global burn care market over the forecast period. For instance, in

Technological advancements and increasing product approvals for the treatment of burns is expected to propel the burn care market growth over the forecast period. For instance, in September 2018, AVITA Medical received the United States Food and Drug Administration (USFDA) approval to market the RECELL Autologous Cell Harvesting Device (RECELL System) to treat severe thermal burns in patients 18 years and older.

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Moreover, market players are focusing on developing novel skin graft technologies, which in turn is also expected to propel the growth of the global burn care market. For instance, in April 2019, Mallinckrodt announced the completion of enrolment of its phase III clinical trial for StrataGraft regenerative skin tissue, to evaluate both the efficacy and safety of investigational regenerative skin tissue in adults with deep partial-thickness burns.

Furthermore, increasing adoption of other innovative technologies, such as electrospinning technology, worldwide is expected to fuel the global burn care market growth. For instance, electrospinning technology help enhance the inherent characteristics of electrospun nanofibers, mimicking the structure of body tissues and, thereby provides an excellent medium for tissue integration and regeneration and facilitating the healing process in the body.

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Major players:

Major players active in the global burn care market are DeRoyal Industries, Inc., Acelity LP, Svenska Cellulosa Aktiebolaget (SCA), Cardinal Health, Inc., 3M, Coloplast A/S, ConvaTec Inc., Integra LifeSciences Corporation, Molnlycke, and Smith & Nephew Plc.

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