Innovative Products to facilitate the Global Burn Care Market Growth during 2021-28

Inkwood Research estimates that the Global Burn Care Market is evaluated to register a CAGR of 5.74% in terms of revenue during the forecasting years of 2021-2028.

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Burn is an injury to tissue or skin due to heat, chemicals, radiation, etc. Burns are of different degrees. Major burns need prolonged treatment in specialized burn-care centers, while superficial burns are dealt with using simple pain medications. Traditional and advanced burn care products are used for burn treatment.

Innovations in the Burn Care Products propel Market Growth

The burn care market growth is estimated to be benefitted by innovations in developing cost-effective therapies. As per the US Centers for Disease Control and Prevention (CDC) estimates, the burn care industry is set to undergo rapid growth, accredited to the availability of several products like ACTICOAT, Tegaderm, Mepitel Ag, etc., and sterile dressings like cuticell classic and cuticell contact.

Furthermore, the major focus of researchers is on the development of new burn healing remedies. This will further offer ample growth opportunities. For example, the launch of Vacuum-esque bandages, bacteriophages, and crab shell bandages, is projected to widen the application of burn care. Also, investors are set to shift their focus on smaller players to design innovative therapies to cater to the market demands. As a result, product innovations are set to influence market growth.

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Fastest-Growing End-User: Home Care
Home care entails healthcare services offered by skilled medical practitioners to patients in their homes under a physician's direction. The services include patient assistance with personal care and hygiene, dressing & undressing, speech-language therapy, medical social services, and rehabilitation regimes. Also, it aids in treading individuals with minor or mild burn injuries. The upgraded reimbursement policies and rising preference for home care for burn care due to minimized treatment costs fuel the home care segment growth.

North America dominated the Global Market as of 2020

In North America, the growing incidence of burn injuries, the availability of advanced healthcare facilities and trained medical professionals, the presence of key players, surging investment by the governments, and the rising R&D activities, makes it the dominating region in the global market. Moreover, the increasing availability of burn care products and the growing awareness of their usage propel market growth.

The competitive rivalry is evaluated to be high, with increasing price pressure among the vendors. Medtronic Plc (Covidien), B Braun Melsungen AG, Medline Industries Inc, Johnson & Johnson (Ethicon Inc), etc., are among the key vendors in the market.

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GLOBAL NEGATIVE PRESSURE WOUND THERAPY DEVICES MARKET - https://inkwoodresearch.com/reports/negative-pressure-wound-therapy-devices-market/

GLOBAL ADVANCED WOUND CARE MANAGEMENT MARKET - https://inkwoodresearch.com/reports/advanced-wound-care-management-market/

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Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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