Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.40 Billion | USD 4.61 Billion | 7.53% | 2023 |
The global burn injury treatment market size was evaluated at $2.40 Billion in 2023 and is slated to hit $4.61 Billion by the end of 2032 with a CAGR of nearly 7.53% between 2024 and 2032.
The report includes forecast & analysis of the burn injury treatment Market in terms of value on a global as well as regional level. It also offers historic data ranging from 2018 to 2022 and provides valuation or estimation of the industry growth during 2024-2032 in terms of USD Million. Our study includes competitive strategies adopted by the major industry participants based on the framework offered by the Porter’s Five Forces Analysis swaying the market progression.
Burgeoning requirement for new procedures or surgical methods of treating burn injuries for alleviating the stress, trauma, and pain in children will prop up rate of growth of the burn injury treatment business during the timespan from 2024 to 2032. Additionally, the extended scope of the business is credited to the huge requirement for artificial skin substitutes like biosynthetic skin substitutes for treating the patient wounds caused due to burn injuries.
The therapy for burn injuries consists of multiple stages, the number of which is determined by the degree of the burn. As part of the initial care, the burning process should be stopped, the burn should be cooled with flowing water rather than ice, and a clean bandage or cloth that does not adhere should be applied over the damaged area. Maintaining proper hydration and pain control are of the utmost importance, and in severe situations, it may be necessary to take over-the-counter pain medicines or prescription medications.
In order to lessen the risk of infection and speed up the healing process, minor burns can be treated with topical antibiotics and bandages. Burns that are more severe require medical attention, which may include the administration of intravenous fluids, antibiotics, and even surgical treatments, such as skin grafting, in order to restore the tissue that has been damaged. Long-term care may include both physical therapy and psychological assistance in order to address the trauma that is connected with the injury. Physical therapy is intended to increase mobility and function to the patient.
The market for burn injury treatment is experiencing significant growth as a result of a number of important factors. Developments in medical technology and treatments, such as skin grafts and biologics, have improved recovery outcomes, which is driving market demand. The increasing incidence of burn injuries, particularly in developing regions with less stringent safety regulations, contributes to market expansion. Increased healthcare spending and improved access to medical facilities enhance treatment availability. Public awareness campaigns on burn prevention and the importance of early treatment also play a crucial role. Furthermore, the growing prevalence of cosmetic procedures for burn scar reduction further boosts market growth. Overall, the market growth is being driven by a combination of technological innovation, higher incidence rates, and improved healing
Report Attributes | Report Details |
---|---|
Report Name | Burn Injury Treatment Market Research Report |
Market Size in 2023 | USD 2.40 Billion |
Market Forecast in 2032 | USD 4.61 Billion |
Growth Rate | CAGR of 7.53% |
Number of Pages | 220 |
Key Companies Covered | Integra LifeSciences Corporation, Essity Aktiebolag, ConvaTec, Inc., Cardinal Health, B. Braun Melsungen AG, Mölnlycke Health Care AB, 3M Healthcare, Smith & Nephew plc, Coloplast Group among others. |
Segments Covered | By Product, By Degree, By Treatment, By End-User, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The report includes an exhaustive and detailed presentation of PESTEL and SWOT analysis for rigorously scrutinizing the aspects affecting the dynamics of performance of each industry player in the current situation as well as during the forecast timeline. It also delves deeply into the competitive moves adopted by the key market players to gain competitive edge.
Our study offers perfect market attractiveness analysis and thus assist the customer in measuring the growth potential of the burn injury treatment market over the period from 2024 to 2032. Additionally, the market is segregated in terms of product, degree of burns, treatment type, and end-user.
Product-wise, the market is sectored into Wound Care Dressings, Medications, Biological Products, and Wound Care Devices.
On the basis of Degree of Burn, the industry is divided into First-Degree Burns, Third-Degree Burns, and Second-Degree Burns.
Based on Treatment Type, the market is classified into Medications, Surgeries, Traditional Dressings, Advanced Dressings, and Others.
In terms of end-user, the industry is bifurcated into Hospitals, Home Care Settings, Clinics, and Others.
Region-wise, the industry is segmented into North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America.
Some of the leading players in the global burn injury treatment market include:
This report segments the Burn Injury Treatment market as follows:
By Product Segment Analysis
By Degree of Burn Segment Analysis
By Treatment Type Segment Analysis
By End-User Segment Analysis
By Regional Segment Analysis
FrequentlyAsked Questions
Burn damage therapy has multiple stages depending on severity. Start by stopping the burn, cooling it with running water (not ice), and covering it with a clean, non-adhesive bandage or cloth. OTC painkillers or prescription drugs for severe cases are needed to treat pain and hydrate. Topical antibiotics and dressings help heal minor burns. For severe burns, intravenous fluids, antibiotics, and skin grafts may be needed. Long-term care may involve physical treatment to enhance mobility and function and psychological help to address injury stress.
Escalating the need for new methods of treating burn injuries in order to minimize the anxiety and pain in children will steer the growth of the burn injury treatment industry over the forecast period. The enlarged scope of the business is attributed to the huge demand for artificial skin substitutes such as biosynthetic skin substitutes for wound care in burn injuries.
According to the report, the global burn injury treatment market size was worth around USD 2.40 Billion in 2023 and is predicted to grow to around USD 4.61 Billion by 2032.
The global burn injury treatment market is expected to grow at a CAGR of 7.53% during the forecast period.
The regional market growth over the forecast timespan is subject to huge utilization of the new products for treating burns and favorable compensation policies pertaining to burn treatment in countries like the U.S. and Canada.
The key players impacting the business are Integra LifeSciences Corporation, Essity Aktiebolag, ConvaTec, Inc., Cardinal Health, B. Braun Melsungen AG, Mölnlycke Health Care AB, 3M Healthcare, Smith & Nephew plc, and Coloplast Group.
The global burn injury treatment market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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