Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 22.3 Billion | USD 31.3 Billion | 4.5% | 2021 |
FrequentlyAsked Questions
With the growing urbanization and modernization of cities, we are always in close contact with explosive substances, or skin irritants. They can range anything from cleaning agents to chemicals used at construction sites, high voltage electric currents, and fuels, to name a few. A slit ignorance can lead to serious burn cases. For example, if safety procedures are not correctly followed at construction sites, there is a chance of a live unexposed wire coming in contact with a human. Or careless attitude at chemical manufacturing sites may have negative implications. Since we are always in proximity to such strong burn agents, the chances of burns have become higher than ever and are expected to aid global burn care market growth in the coming years.
As per Zion Market Research, the global burn care market was valued at $1.2B in 2021 and is projected to generate a revenue of $3.12B by 2028 while growing at a CAGR of 7.2% during the forecast period
North America managed to hold over 50% of the global burn care market share in 2021 and is projected to follow the same trend in 2021 owing to the increasing number of medical burn cases in the region. In 2018, as per official records, the region treated more than 300 children every day with the USA alone and almost 2 deaths recorded. This is also prolled by the existence of key market players in the region thus providing affordable burn care to its population. The constant technological innovation in burn care is expected to aid regional growth in the coming years
The global burn care market is dominated by players like Cardinal Health, 3M, ConvaTec Inc., Integra LifeSciences Corporation, DeRoyal Industries, Inc., Mölnlycke Health Care AB., Coloplast Corp., Johnson & Johnson, Smith & Nephew, Medline Industries, Acelity LP, and Acme United Corporation.
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