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Soaring Demand Set to Propel Burn Care Centers Market to $28.22 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Burn Care Centers Market Through 2025?
The market size for burn care centers has seen a significant increase in recent years, expanding from $21.19 billion in 2024 to an expected $22.49 billion in 2025, marking a compound annual growth rate (CAGR) of 6.1%. This progressive growth during the historical period is linked to factors such as a hike in cases of burn injuries, backing and funding from the government, development in burn treatment methodologies, various awareness initiatives, enhancement in medical facilities, growth in the number of specified burn units, high instances of military conflicts, and natural calamities.
What's the Projected Size of the Global Burn Care Centers Market by 2029?
Forecasts indicate a robust expansion of the burn care centers market in the forthcoming years, with its value projected to reach $28.22 billion in 2029, reflecting a compound annual growth rate (CAGR) of 5.8%. This growth during the forecast period is associated with factors such as higher healthcare investments, increased consciousness about superior burn care, worldwide health campaigns, an increased aging population, urban and industrial development, telehealth, and distance medical care. Noteworthy trends set to mark the forecast period include artificial intelligence and machine learning, the application of 3D printing technology, regenerative medicine, wearable technology, incorporation of telehealth services, the use of virtual reality for pain management and the role of nanotechnology in burn care.
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Top Growth Drivers in the Burn Care Centers Industry: What's Accelerating the Market?
The anticipated surge in fire-related industrial mishaps is predicted to fuel the expansion of the burn care center market. Industrial accidents related to fire can occur as a result of electrical deficiencies, chemical interactions, machine failures, human mistakes, or insufficient safety precautions, leading to injuries and property ruination. The rise in such accidents is frequently attributed to poor safety practices and progressively complicated machinery and substances. Burn care centers, by delivering specialized medical treatment, rehabilitation, and assistance for serious burn patients, hold a pivotal role in managing injuries that result from these industrial accidents. For example, a report issued by the American Burn Association in November 2023, an institution based in the US that concentrates on research, rehabilitation, and prevention related to burns, stated there had been 30,135 reported burn cases in 2022, amassing to 152,312 incidents within five years. Additionally, flame or flash occurrences constituted 40% of all instances, with over 90% being unintentional, showing a considerable surge in comparison to the previous year. Thus, the escalating risk of industrial accidents involving fire is slated to boost the burn care center market.
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What Trends Will Shape the Burn Care Centers Market Through 2029 and Beyond?
Major corporations involved in the burn care centers market are developing telehealth technologies for burn care, aiming to improve the availability of specialized care for burn victims. Telehealth technology makes it possible for remote discussions and evaluations to take place between healthcare providers at varied locations and burn experts, expediting the process for treatment plan decisions. For example, Staten Island University Hospital, a non-profit hospital based in the US, launched the teleburn service by Northwell Health in June 2023. This service is a pioneering telehealth technology intended to boost the efficiency and reach of burn care across the hospital network. With advanced video teleconferencing, the teleburn service enables burn patient's remote evaluation soon after the incident, expediting decisions on whether local treatment is possible or a specialized burn hospital transfer via ambulance or helicopter is necessary. This initiative aims to enhance patient results, facilitating quick access to specialist care and suitable treatment, using the immediate evaluation support offered by telehealth technology.
What Are the Main Segments in the Burn Care Centers Market?
The burn care centers market covered in this report is segmented -
1) By Service Type: Inpatient, Outpatient, Rehabilitation
2) By Therapy: Surgeries, Wound Management, Pain Management, Other Therapies
3) By Burn Severity: Minor Burns, Partial Thickness Burns, Full Thickness Burns
4) By End User: Household, Hospitals, Clinics, Other End User
Subsegments:
1) By Inpatient: Intensive Care Unit (ICU), Burn Unit Care, Surgical Care.
2) By Outpatient: Follow-Up Care, Wound Dressing And Management, Minor Burn Treatment, Rehabilitation.
3) By Rehabilitation: Physical Therapy, Occupational Therapy, Psychological Counseling.
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Which Top Companies are Driving Growth in the Burn Care Centers Market?
Major companies operating in the burn care centers market are Mayo Clinic, Cleveland Clinic, NewYork-Presbyterian Hospital, The Johns Hopkins Medicine, Stanford Health Care, University of Washington Medical Center, Duke University Hospital, University Of Rochester Medical Center, Massachusetts General Hospital, Brigham and Women's Hospital, University of Chicago Hospital, Cedars-Sinai Medical Center, Parkland Memorial Hospital Regional Burn Center, Temple University Hospital Adult Burn Center, UMC Lions Burn Center, Ronald Reagan UCLA Medical Center, Lehigh Valley Health Network Regional Burn Center, Medstar Washington Hospital Center, Chelsea And Westminster Hospital, Burn And Reconstructive Centers of America, Lac+Usc Medical Burn Center, National Burns Center, Vanderbilt Burn Center, St. Barnabas Burn Center, The Grossman Burn Center
Which Regions Will Dominate the Burn Care Centers Market Through 2029?
North America was the largest region in the burn care centers market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the burn care centers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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