Burn care market size to increase by USD 843.34 million: North America will account for 35% of market growth - Technavio
NEW YORK, Feb. 7, 2023 /PRNewswire/ -- The Burn Care Market by Therapy, Type, and Geography - Forecast and Analysis - 2023-2027 report has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 5.27% and register an incremental growth of USD 843.34 million during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download a PDF sample report
Company profiles
The burn care market report includes information on the key products and recent developments of leading vendors, including:
3M Co.: The company offers burn care such as 3M Tegaderm High Performance Foam Adhesive, 3M Tegaderm Hydrocolloid, 3M Tegaderm Silicone Foam Border, and 3M Tegaderm Hydrocolloid Thin.
Anika Therapeutics Inc.: The company offers burn care such as Hyalomatrix.
BIOSKINCO SA DE CV: the company offers burn care such as epifast.
Boiron SA: The company offers burn care such as Calendula Cream and Calendula Burn Ointment.
Cardinal Health Inc.: The company offers burn care such as gauze burn dressings and dressing bolts.
Coloplast AS
ConvaTec Group Plc
DeRoyal Industries Inc.
Dynarex Corp.
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Regional analysis
Based on region, the global burn care market is segmented into North America, Europe, Asia, and Rest Of World (ROW). North America is estimated to account for 35% of the growth of the global market during the forecast period. The strong presence of major key vendors, increasing adoption of advanced burn care products such as skin grafts and advanced dressings, high awareness about advanced burn care treatments among end-users, high spending on healthcare infrastructure, and high prevalence of burn cases are driving the growth of the regional market.
Market dynamics
The market is driven by factors such as the high incidence of burn injuries and related deaths, advances in burn care treatments, and the increase in demand for cosmetic surgeries by burn patients. However, affordability issues are hindering the market growth.
Competitive analysis
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Request a sample
Market segmentation
Based on therapy, the market is segmented into advanced burn care, biologics, and traditional burn care. The advanced burn care segment accounted for the largest share of the market in 2022.
Based on geography, the market is segmented into North America, Europe, Asia, and Rest Of World (ROW). North America held the largest share of the market in 2022.
Based on type, the market is segmented into third-degree (full-thickness) burns, second-degree (partial thickness) burns, and first-degree (superficial) burns.
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What are the key data covered in this burn care market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the burn care market between 2023 and 2027
Precise estimation of the burn care market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the industry across North America, Europe, Asia, and Rest of World (ROW)
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of burn care market vendors
Burn Care Market Scope
Report Coverage
Details
Page number
161
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 5.27%
Market growth 2023-2027
USD 843.34 million
Market structure
Fragmented
YoY growth 2022-2023(%)
4.8
Regional analysis
North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution
North America at 35%
Key countries
US, Germany, UK, China, and Japan
Competitive landscape
Leading vendors, market positioning of vendors, competitive strategies, and industry risks
Key companies profiled
3M Co., Acme United Corp., Anika Therapeutics Inc., B. Braun SE, BIOSKINCO SA DE CV, Boiron SA, Cardinal Health Inc., Coloplast AS, ConvaTec Group Plc, DeRoyal Industries Inc., Dynarex Corp., Essity Aktiebolag, Integra Lifesciences Holdings Corp., Johnson and Johnson, KCI Technologies Inc., Medline Industries LP, MedSkin Solutions Dr. Suwelack AG, Medtronic Plc, Molnlycke Health Care AB, PREVOR, Smith and Nephew plc, and Vericel Corp.
Market dynamics
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 151: MedSkin Solutions Dr. Suwelack AG - Overview
Exhibit 152: MedSkin Solutions Dr. Suwelack AG - Product / Service
Exhibit 153: MedSkin Solutions Dr. Suwelack AG - Key offerings
12.14 Medtronic Plc
Exhibit 154: Medtronic Plc - Overview
Exhibit 155: Medtronic Plc - Business segments
Exhibit 156: Medtronic Plc - Key news
Exhibit 157: Medtronic Plc - Key offerings
Exhibit 158: Medtronic Plc - Segment focus
12.15 Molnlycke Health Care AB
Exhibit 159: Molnlycke Health Care AB - Overview
Exhibit 160: Molnlycke Health Care AB - Product / Service
Exhibit 161: Molnlycke Health Care AB - Key offerings
12.16 Smith and Nephew plc
Exhibit 162: Smith and Nephew plc - Overview
Exhibit 163: Smith and Nephew plc - Business segments
Exhibit 164: Smith and Nephew plc - Key news
Exhibit 165: Smith and Nephew plc - Key offerings
Exhibit 166: Smith and Nephew plc - Segment focus
12.17 Vericel Corp.
Exhibit 167: Vericel Corp. - Overview
Exhibit 168: Vericel Corp. - Product / Service
Exhibit 169: Vericel Corp. - Key news
Exhibit 170: Vericel Corp. - Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 171: Inclusions checklist
Exhibit 172: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 173: Currency conversion rates for US$
13.4 Research methodology
Exhibit 174: Research methodology
Exhibit 175: Validation techniques employed for market sizing
Exhibit 176: Information sources
13.5 List of abbreviations
Exhibit 177: List of abbreviations
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