Market Overview
In 2022, the global burn care market was valued at USD 2.29 billion, with a projected increase to USD 4.21 billion by 2032, reflecting a revenue compound annual growth rate (CAGR) of 7% throughout the forecast period. The upsurge in burn cases, heightened public awareness of advanced burn treatment options, and increased healthcare expenditure globally are the primary drivers of the market’s revenue growth.
The escalating incidence of burn injuries is fuelling the demand for sophisticated wound care products designed for burn treatment. Various factors, including fires, exposure to hot liquids, chemicals, electricity, and radiation, contribute to burn incidents. According to the World Health Organization (WHO), nearly 95% of the 265,000 annual burn-related fatalities occur in low- and middle-income nations. Additionally, the sports and defines industries are witnessing a growing need for enhanced burn care products due to increased burn injuries among athletes and military personnel.
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The market’s revenue growth is further propelled by the availability of cutting-edge burn treatment products. Advanced items such as biologics, grafts, and dressings facilitate healing and infection prevention, contributing to their increasing adoption. Moreover, the introduction of innovative antimicrobial burn care solutions is generating demand in hospitals and clinics.
The global market’s revenue expansion is also driven by the surge in healthcare spending worldwide. Governments and healthcare organizations globally are investing in the development of innovative burn care products and therapies to alleviate the strain on healthcare systems caused by burn injuries. Additionally, the adoption of advanced burn treatment products is stimulated by the increasing availability of health insurance and the rising disposable income of consumers in emerging economies.
Government Regulations:
- The U.S. Food and Drug Administration (FDA) has established regulations for the design, testing, and labeling of medical products used in burn injury treatment.
- The NFPA has instituted codes and standards related to fire safety in healthcare facilities.
- The Occupational Safety and Health Administration (OSHA) has issued regulations on the use of respirators for protection against hazardous fumes generated by burning medical supplies.
- The ABA has established guidelines for the prevention, management, and rehabilitation of burn injuries.
- The Centers for Medicare & Medicaid Services (CMS) has set regulations for the reimbursement of burn care services provided by hospitals and other healthcare facilities.
Product Types:
The global burn care market is segmented into biologics, traditional burn care products, advanced burn care products, and other products.
- The advanced burn treatment products segment is expected to hold the largest revenue share during the forecast period, driven by the rising demand for effective treatment options for severe burns.
- The biologics segment is anticipated to experience a significant rapid revenue CAGR, with products made from living organisms being used to encourage skin regeneration and wound healing.
- The traditional burn treatment products segment is projected to register the fastest revenue CAGR, driven by the availability of affordable traditional burn care solutions.
Burn Types:
Based on the type of burn, the market is segmented into minor burns, partial thickness burns, and full thickness burns.
- The minor burns segment is expected to account for the largest revenue share, driven by the frequent occurrence of minor burn injuries and the availability of over-the-counter products.
- The partial thickness burns segment is projected to register the fastest revenue CAGR, as these injuries become more common, driving the demand for advanced wound care products.
- The full thickness burns segment is anticipated to register a significantly rapid revenue CAGR, primarily due to the increasing incidence of these serious burn injuries.
Regional Outlook:
- North America dominated the market in 2022, with a large revenue share attributed to the rise in burn cases caused by various factors such as chemical exposure, electrical mishaps, and fire accidents.
- Europe is expected to account for a moderately large revenue share, driven by rising healthcare costs, an aging population, and increased public awareness of burn injuries.
- Asia Pacific is projected to register the fastest revenue CAGR, fueled by a rising number of burn injuries from various sources and increasing awareness of burn care treatment options.
Competitive Landscape:
Key players in the market include Smith & Nephew plc, Convatec Group PLC, Molnlycke Health Care AB, Acelity L.P. Inc., Medtronic, Coloplast A/S, 3M Company, Hollister Incorporated, Wright Medical Group N.V., BSN Medical GmbH, and Scar Heal Inc.
Strategic Developments:
- Coloplast A/S acquired Mpathy Medical Devices on October 29, 2010, to expand its range of wound care solutions, particularly those designed for burn victims.
- Convatec Group PLC launched the Aquacel Ag Burn Dressing on February 9, 2012, aiming to reduce pain and discomfort caused by burns. The dressing incorporates a silver component for infection prevention and is made of a soft, flexible material that conforms to the body.
Segments Covered in the Report:
The report segments the global burn care market based on product type, burn type, end-use, and region. The key segments include:
- Product Type Outlook: Advanced Burn Care Products, Biologics, Traditional Burn Care Products, Other Products.
- Burn Type Outlook: Minor Burns, Partial Thickness Burns, Full Thickness Burns.
- End-use Outlook: Hospitals, Clinics, Homecare Settings, Others.
- Regional Outlook: North America, Europe, Asia-Pacific, Latin America, Middle East & Africa.
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