Burn Care Market Insights, Trends Forecast 2022-28

According to Precision Business Insights (PBI), latest report, the global burn care market size was valued at USD 2.4 billion in 2021 and is poised to grow at a significant cagr of 7.2% during the forecast period 2022-2028. The main factors influencing the growth of this market include advancements in burn care products, a rise in awareness programmes for enhanced burn care treatment & management, an increase in healthcare spending, and an increase in the incidence of burn cases globally.

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Advance Burn Care Segment to Dominate the Burn Care Market:
The advanced burn care category, which now accounts for the majority of revenue, is anticipated to expand rapidly over the next years. Controlling pain, preventing infection, removing dead tissue, lowering the risk of scarring, and regaining function are the main objectives of advanced burn treatment.

North America Burn Care is Expected to Dominate the Market:
North America burn care market is anticipated to dominate the global burn care market due to its sophisticated healthcare system, favourable government reimbursement policies, advanced burn care technologies, which has aided in the provision of numerous burn care facilities and increased accessibility for patients.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players
The global burn care market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. May 02, 2019, 3M acquired Acelity L.P. Inc., to further its plan for advanced wound care solutions and hasten the global adoption of NPWT products, for $6.7 billion.

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The burn care market is segmented based on the depth of burn, by product, by end-user, and region.
Based on the Depth of Burn:
• Partial-Thickness Burns
• Minor Burns
• Full-Thickness Burns

Based on the Product:
• Traditional Burn Care
• Advanced Burn Care
• Biologics
• Others

Based on the End-User:
• Physician Offices
• Hospitals
• Home Care
• Others

Based on the region:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players in the burn care market report are Cardinal Health, ConvaTec Inc, 3M, Integra LifeSciences Corporation, Mölnlycke Health Care AB, DeRoyal Industries Inc, Coloplast Corp, Johnson & Johnson, Medline Industries, Acelity LP, Smith & Nephew, Acme United Corporation.

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This release was published on openPR.