The global Burn care Market is project worth $3.0Billion by 2026 and the market is projected to showcase 7.0% CAGR during the forecast period. The market is driven by growing occurrence of burn-related injuries is expected to drive burn care market growth across the global.
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.
Market By Product
Market By Depth of Wound
Market By Cause
Market By End-use
Market By Geography
North America captures the largest market share in the market in 2018 credited to the shift from traditional cure products to the progressive wound dressing products. This is owing to the increasing concern toward aesthetic appearance and need for minimally invasive cosmetic surgeries in this region.
Such as, statistics published by the American Society of Plastic Surgeons indicate that in 2017, approximately 17.5 million minimally invasive and surgical cosmetic processes were performed in U.S. The numeral is anticipated to surge over the forecast timeframe. Thus, high need of cosmetic processes is considered to be one of the main contributing factors for the increasing need of biologics to treat wounds, which, in turn, is anticipated to boost the regional industry.
Asia Pacific is expected to spectator lucrative CAGR in the forthcoming years. Developing economies for instance, China, and India have been experiencing strong economic development. Growing standard of living in these nations has encouraged the need for progressive products and procedures. Increasing disposable income is anticipated to trigger the regional need for cosmetic procedures in near future.
Market companies are concentrating on implementing new strategies for instance regional expansion, partnerships, mergers and acquisitions, new product launches, and distribution agreements to surge their revenue share. The major players associated with the Burn care market are Acelity L.P. Inc., Mölnlycke Health Care AB, Smith & Nephew, ConvaTec Inc., and Johnson & Johnson.