Transparency Market Research Report Added "Burn Care Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024"
Albany, NY -- (SBWIRE) -- 02/08/2017 -- Nearly each and every one of us have experienced a burn injury at some point in life. In our day to day activities such as cooking, working with electrical appliances or chemicals or exposing ourselves to the sunlight for too long on the beach, we bare ourselves to the risk of burn wounds frequently. There can be various kinds of burns depending on the severity and source of injury. However, some burn wounds can be much more serious than others. Minor burns can be treated by applying burn care ointments and some painkillers. However, major burns need prolonged medical care by skilled professionals at clinics, hospitals, or burn care centers. The different types of burns based on source are thermal burns caused from explosions, hot liquids and flame, electrical burns, chemical burns caused by acids, and touching hot materials such as glass or coals. Chemical and electrical burns need to be thoroughly examined by a medical specialist as these can penetrate and affect deep in the body tissues without causing any apparent or superficial damage to the outer skin. According to the World Health organization (WHO), an estimated 265,000 deaths are caused by burns every year. Non-fatal burns is one of the leading causes of morbidity, including long hospitalization, disfigurement, and disability.
The global burn care market is anticipated to be driven by a number of factors such as increase in global burn accident cases, rising health care expenditure, growing number of emergency centers and burn units, and increasing awareness about treatment alternatives. Increase in the population vulnerable to explosions and unrest in war ridden countries is also escalating demand for burn care. A report by the World Health Organization (WHO) stated that over 1,000,000 people are moderately or severely burnt every year in India alone. Furthermore, increasing research and development activities by key players to develop new products is likely to boost market growth. However, high cost of burn care treatments and products is the key factor hampering the growth of the market.
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Based on product, the burn care market can be divided into advanced dressings (alginate, collagen, film, hydrogel, hydrocolloid dressings, wound contact layers, etc.), biologics (skin grafts, etc.), traditional burn care products (tapes, dressings, etc.), and other burn care products. These products can be used to manage various degree of burn wounds. Moreover, increasing inclination toward home care products and growing online marketing of such products is expected to boost the market during the forecast period. Advancements in product technology such as specialized dressings for different parts of the body is also expected to increase demand in the near future. In terms of intensity of burn, the market can be segmented into first degree, second degree, and third degree. The second and third degree burns segments are anticipated to expand at a higher rate as these require higher level of treatment including advanced treatments and biologics such as skin grafting.
Geographically, the burn care market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America dominates the market due to emphasis on patient care and promising reimbursement scenario. According to the American Burn Association, roughly 450,000 patients receive hospital and emergency room treatment for burns each year. According to the Centers for Disease Control and Prevention (CDC), burns and fires are the third leading cause of death in the home, and are one of the primary causes of disability in the U.S. Additionally, new and advanced product launches by key players and growing online promotion and sales of these products are likely to drive the market. Developing nations in Asia Pacific are expected to witness the fastest growth during the forecast period. Increasing patient pool, growing public awareness about burn care, and rising affordability are the major drivers of the market in these regions.
Key players in the burn care market include Derma Sciences, Inc., Convatec, Inc., Hollister Incorporated, Smith & Nephew plc, Medtronic plc, Human Biosciences, DeRoyal Industries, Inc., Coloplast A/S, Genzyme, and 3M Company.
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