Acumen Research and Consulting, a global provider of market research studies, in a latest published report titled “Burn Care Market (By Product: Advanced Dressing [ Alginate Dressing, Collagen Dressing, Hydrogel Dressing, Hydrocolloid Dressing, Wound Contact Layers, Film Dressing, Foam Dressing] Biologics: Traditional Products, Others; By Depth of Wound: Minor, Partial Thickness, Full Thickness; By Cause: Thermal, Electrical, Radiation, Chemical, Others; By End-use: Hospitals, Inpatient, Outpatient, Clinics, Others) - Global Industry Analysis, Market Size, Opportunities and Forecast 2018 - 2026”.
LOS ANGELES, Jan. 15, 2019 (GLOBE NEWSWIRE) -- The global Burn care market size is projected to around USD 3.0billion by 2026, the market is projected to grow with 7.0% CAGR during the forecast timeframe. Growing occurrence of burn injuries is expected to drive need for cost-effective treatment over the forecast timeframe. As per(WHO) World Health Organization, in 2017, 96.0% of fatal burns associated to fire occurred in low- to middle-income nations. It further stated that on an average, burns resulting from fires cause projected 265,000 deaths every year. Majority of these deaths occur in low- to middle-income nations and around two-thirds occur in nations from Southeast Asia. This factor is expected to bolster the development over the forecast period.
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Increasing need for skin grafts is also a major development contributor to this industry. Skin grafts are majorly used on partial and full thickness burns and plays a significant role in the cure of burn injuries. Skin grafts agree excellent epithelialization owing to the occurrence of basement membrane and show larger control over scaffold composition. They also have benefits over other dressing materials, as they do not require frequent varying. Owing to the above-mentioned benefits, there is high need for skin grafts, which, in turn, is anticipated to bolster the development of the industry.
Growing consciousness among people about availability of numerous cure options related to burn care management is expected to bolster industry development. Increasing disposable income in emerging economies and willingness to opt for new and progressive wound care products, particularly in case of patients affected with severe burns are boosting the need.
Introduction of advanced treatment options for instance, reconstructive surgery and skin graft or bio membrane are anticipated to increase the need for these products in forecasted timeframe. Favourable government initiatives, for instance compensation policies by the U.S. government that cover almost 70% to 100% of treatment cost, is expected to surge the acceptance of progressive wound care products during the forecast timeframe. Also, government organizations including the WHO and non-profit organizations such as the American Burn Association (ABA) are contributing to rising consciousness among consumers, which, in turn, is expected to push the industry. Such as, WHO’s collaborative agreement with the International Society for Burn Injuries for improving care and prevention of incidence at a world-widelevel.
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The global burn care market is segmented into product, depth of wound, cause, end-user and region. On the basis of product the global burn care market is segmented into advanced dressing, biologics, traditional products, and others. The advanced dressing segment is further bifurcated into alginate dressing, collagen dressing, hydrogel dressing, hydrocolloid dressing, wound contact layers, film dressing, and foam dressing. On the basis of depth of wound the global burn care market is segmented into minor, partial thickness, and full thickness. On the basis of the cause the global burn care market is segmented into thermal, electrical, radiation, chemical, and others. On the basis of the end-user the global burn care market is segmented into hospitals, clinics, and others. The hospital sub-segment is further bifurcated into inpatient and outpatient. On the basis of region the global burn care market is segmented into Latin America, Europe, Asia Pacific, North America, and Middle East & Africa.
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Progressive dressing developed dominant product segment in 2018owing to higher acceptance. Biologics treatment, on the other hand, is anticipated to display higher development during the forecast timeframe owing to accelerated wound healing and other advantages.
Thermal burns captures a major share of the burn care industry in terms of causes in 2018credited to growing occurrence of burns owing to fire and flames. Partial-thickness sub-segment is expected to showcase the highest development in terms of depth of wound, due to increasing cases of burns causing more than 15.0% damage to the victim’s body. Outpatient care unit sub-segment is expected to develop at the fastest CAGR in near future as the minor and partial-thickness wounds do not require hospital admissions.
Asia Pacific is anticipated to witness fastest growth owing to occurrence of burn cases paired with consciousness about available cure. A March 2017 WHO study approximations that average 173,000 children from Bangladesh suffer from moderate to severe burns every year.
The key players catering to the global burn care market areMölnlycke Health Care AB, Johnson & Johnson, Smith & Nephew, ConvaTec Inc., and Acelity L.P. Inc.
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