Burn Care Market Report 2023, Growth and Opportunities and Forecast by 2030
Growing awareness about burn care in the healthcare industry drives the burn care market growth
There is increasing recognition of the importance of timely and effective burn care in improving patient outcomes, reducing complications, and minimizing healthcare costs. Healthcare providers, patients, and caregivers are becoming more aware of the need for specialized burn care services and products, leading to a greater demand for these services.
Advances in medical research and technology have also contributed to the growing awareness of burn care. New treatments and therapies are being developed to improve wound healing and reduce pain and scarring. Additionally, there is an increased focus on prevention strategies, such as fire safety education and improved workplace safety regulations, to reduce the incidence of burn injuries.
burn care market is expected to grow at 8.7% CAGR from 2023-2030 & to reach above USD 5.1 billion by 2030 from USD 2.9 billion in 2023.
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Furthermore, the rise in the geriatric population, who are at a higher risk of burn injuries and complications, has further emphasized the need for specialized burn care services and products. The aging population has created a greater demand for burn care products that can promote faster and more effective healing and minimize complications.
Overall, the growing awareness about burn care in the healthcare industry has contributed to the expansion of the burn care market, with a greater demand for specialized products and services to meet the needs of patients and healthcare providers.
Competitive Landscape of the Burn Care Market
- Smith & Nephew PLC
- Mölnlycke Health Care
- Convatec Healthcare B S.A.R.L.
- Coloplast A/S
- Acelity L.P. Inc.
- Derma Sciences, Inc.
- Medtronic
- MediWound Ltd
- Medline
- 3M
- Hollister Inc.
- Deroyal Industries Inc
- Johnson & Johnson
Recent Developments in the Burn Care Market
In December 2022 MediWound Ltd announced that NexoBird has received Indian marketing authorization. When NexoBird is administered topically to patients with full-thickness and deep partial burns, nonviable burn tissue is naturally removed.
In June 2022 Medline launched the Opti foam Gentle EX Foam Dressing in an effort to reduce injuries. The product is made up of five separate layers that cooperate to control moisture, reduce friction, and withstand shear stress.
In June 2022 Smith+Nephew revealed that it would construct brand-new research and development and a production center in the United Kingdom for its Advanced Wound Care business.
Segments Covered in the Burn Care Market
Burn Care Market by Product Type
- Advanced Burn Care Products
- Biologics
- Traditional Burn Care Products
- Other Burn Care Products
Burn Care Market by Depth of Burn
- Minor Burn
- Partial-Thickness Burns
- Full-Thickness Burns
Burn Care Market by Cause
- Thermal Burns
- Electrical Burns
- Radiation Burns
- Chemical Burns
- Friction Burns
Burn Care Market by End User
- Hospitals
- Physician Clinics
- Home Care
- Other End Users
The high cost of burn treatment hinders the growth of the burn care market
Burn injuries can be costly to treat, particularly when they are severe and require specialized care. Burn care can involve a range of medical services and products, including hospitalization, surgeries, wound care, pain management, and rehabilitation, among others.
These services and products can be expensive, and the costs can quickly add up, especially for patients who require long-term or intensive care. Furthermore, the high cost of burn treatment can be a barrier for patients who may not have adequate insurance coverage or financial resources to afford the necessary care. This can lead to delays in seeking treatment or receiving inadequate care, which can result in poorer outcomes and complications.
However, it is important to note that advances in medical research and technology have led to the development of new and innovative burn care products and services that can help to reduce the overall cost of treatment. For example, the use of advanced wound care products and therapies, such as skin substitutes and growth factors, can improve healing and reduce the need for surgical interventions, which can be costly.
In addition, there is a growing focus on prevention strategies, such as fire safety education and improved workplace safety regulations, which can help to reduce the incidence of burn injuries and the associated costs of treatment.
Overall, while the high cost of burn treatment can be a challenge for patients and healthcare providers, advances in medical research and technology, as well as prevention strategies, can help to mitigate some of these costs and promote the growth of the burn care market.
Growing demand for burn care products creates more opportunities in the burn care market
The burn care market offers significant opportunities, owing to an increase in burn injuries and a greater emphasis on advanced wound care solutions.
Technological advancements in burn care products, increased awareness of the importance of prompt treatment, and expanding healthcare infrastructure all contribute to market growth. Furthermore, the introduction of novel therapies and the adoption of regenerative medicine approaches are expected to expand the burn care market.
North America is home to leading manufacturers of high-quality burn treatment technology, leading to increased global acceptance. With one of the highest healthcare spending rates globally, North America invests in developing and researching innovative products, resulting in widespread adoption. Additionally, favorable reimbursement policies make these products and services more accessible to patients and health professionals. This has resulted in increased availability and adoption of these innovative treatments.
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