Burn Care Market: Advanced Dressing Segment Dominated And Accounted For The Largest Revenue Share
Burn Care Industry
Overview
The global
burn care market size was valued at USD 2.3 billion in 2021 and is projected to
expand at a compound annual growth rate (CAGR) of 7.1% from 2022 to 2030. The
demand for burn care products is on a rise owing to the rising incidence of
burns, high demand for skin grafts, growing awareness regarding treatment
options, and increasing technological advancements. Increasing awareness level
among the people regarding various treatment options related to burn care is a
key factor driving the market over the forecast period. The market is also
gaining pace owing to the rising willingness among people to spend more and opt
for new advanced burn care products.
The different treatment options for burn care include advanced
dressings, traditional burn care products, biologics, and others. Advanced dressings include alginate
dressings, hydrogel dressings, foam dressings, hydrocolloid dressings, collagen dressings, and others.
Biologics including skin grafts and other traditional burn care products are
also widely used. Owing to the presence of a wide array of such products in the
market, the awareness level about these products is increasing among patients
as well as healthcare professionals such as surgeons, physicians, and
nurses.
Gather more insights about the market drivers, restrains
and growth of the Global
Burn Care market
Post pandemic, the market is expected to recover at a rapid
pace. The demand for burn care products used in home settings has increased
eventually, to avoid visiting healthcare facilities. In addition, many patients
have adopted online counseling for their health-related concerns. Key players
in the market are launching products to provide online counseling and guidance
to patients who cannot visit healthcare facilities for treatment. For instance,
Healogics, Inc. launched the Healogics Telehealth Program, telehealth for wound
care patients, during the COVID-19 crisis. It provides patients access to
continued wound care and various options of wound care treatments to help limit
the potential need for hospitalization or emergency room admission. Some wound
care centers are engaged in supporting hospitals with COVID-19 treatment.
Therefore, this program allows patients at these centers to receive continuous
wound care.
In addition, many doctors and clinicians are also using
telehealth to treat their patients and provide knowledge regarding the use of
advanced wound care products. The following are the latest insights published
on MobiHealthNews (HIMSS) in December 2021: VeCare, a point-of-care wound
evaluation platform developed by researchers from the National University of
Singapore, consists of a smart bandage with sensors and a smartphone app for
remote wound monitoring. This wearable device can detect factors of chronic
wounds within 15 minutes. Such factors are further contributing to the market
growth.
Favorable government initiatives such as reimbursement policies
which cover almost 70.00-100.00% of the treatment cost urge the patients to opt
for advanced burn care treatment. The presence of government organizations such
as the World Health Organization (WHO) and non-profit organizations like the
American Burn Association (ABA) also contribute to increasing awareness levels.
The WHO has been collaboratively working with The International Society for
Burn Injuries and other such organizations to develop strategies to improve
burn care and prevent burn injuries globally.
Furthermore, the presence of non-profit organizations such as
the British Burn Association and the Canadian Association of Burn Nurses, which
aim towards providing and propagating knowledge on the best treatment and
rehabilitation following a burn injury, is also increasing the awareness levels
regarding burn care and treatment among the people. The rising demand for skin
grafts is yet another major factor boosting the market growth. The recent trend
of burn care and treatment has shifted to a more comprehensive approach that
not only focuses on recovery from burn injury but also on improvement in
long-term function and form of the healed injury and quality of life.
Skin grafts are majorly used on partial and full-thickness burns
and have an important role in the treatment of burn injuries. Skin grafts can
be biological or synthetic in nature. Owing to this trend, the demand for use
of skin grafts and other skin substitutes in the treatment and management of
acute burns has increased and is rising at a constant pace. In addition, key
players operating in the market are focusing on planned initiatives like the
launch of new products, and mergers and acquisitions are helping the market
grow. For instance, in June 2021, Mallinckrodt Pharmaceuticals received FDA
approval for its engineered skin product, StrataGraft, for the treatment of
serious thermal burns.
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Burn Care Market Segmentation
Grand View
Research has segmented the global burn care market on the basis of the product,
depth of wound, cause, end-use, and region:
Burn Care
Product Outlook (Revenue, USD Million, 2018 - 2030)
·
Advanced
dressing
·
Biologics
·
Traditional Burn
Care Products
·
Others
Burn Care Depth
of Wound Outlook (Revenue, USD Million, 2018 - 2030)
·
Minor Burns
·
Partial
Thickness Burns
·
Full Thickness
Burns
Burn Care Cause
Outlook (Revenue, USD Million, 2018 - 2030)
·
Thermal Burns
·
Electrical Burns
·
Radiation Burns
·
Chemical Burns
·
Friction Burns
Burn Care
End-use Outlook (Revenue, USD Million, 2018 - 2030)
·
Hospitals
·
Clinics
·
Others
Burn Care
Regional Outlook (Revenue, USD Million, 2018 - 2030)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa (MEA)
Market Share Insights
·
May 2020: Integra LifeSciences announced a positive clinical result
for Integra Bilayer Wound Matrix (IBWM). This product is part of the company’s
regenerative technology portfolio that uses collagen and amniotic
products.
Key
Companies profiled:
Some of the prominent players in the burn
care market include:
·
3M
·
Hollister Incorporated
·
Cardinal Health
·
Integra LifeSciences Corporation
·
Coloplast Corp.
·
DeRoyal Industries, Inc.
·
Smith & Nephew
·
ConvaTec Inc.
·
Mölnlycke Health Care AB.
·
Johnson & Johnson
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Market Intelligence Study, published by Grand View Research.
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