Burn Care Market Highly Favorable to the Growth Rate by 2024
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.
[USPRwire, Wed Oct 10 2018] Burn is an injury to skin or tissue caused due to heat, radiation, electricity, or chemicals. In most cases, hot liquids and fire are the common causes of burn, besides which alcoholism, smoking, and violence between people may also lead to burn injuries. These wounds are preventable only if few precautions are followed. While superficial burns can be managed by simple pain medications, major burns require prolonged treatment in specialized burn-care centers.
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Depending on product, the global burn care market can be segmented into traditional burn care, biologics, advanced burn care, and others. Among these, the demand for advanced burn care products is expected to rise at a higher pace. Based on depth of burn, the market is expected to witness maximum demand in the partial-thickness burns segment. Other segments covered under this parameter are minor and full-thickness burns. In terms of end user, physician clinics, hospitals, and home care could be the key market segments.
The report provides an in-depth assessment of the aforementioned segments and studies in detail various factors influencing their trajectory. It covers the growth drivers, key hindrances, and opportunities that existing players can benefit from in the coming years. Besides this, the report also evaluates investment feasibility for new entrants, thereby covering a comprehensive market overview.
The increasing incidence of burn cases is the primary factor driving the global burn care market. The market is also gaining from the rising willingness among people to spend on advanced care especially in case of patients with burns. As governments take initiatives to spread awareness regarding burn care, it will foster growth to the global burn care market. Besides this, the market will also gain from the rising awareness among people about the available burn care and treatment options. However, high cost associated with treatments for burn care may hinder the market to an extent. Nevertheless, with technological advances on cards, very soon these costs are expected to come down, making these treatments more accessible to common man, thus bolstering market opportunities.
Growth witnessed in North America is expected to be higher than other regional markets. The high demand for skin grafts and substitutes witnessed in the region will aid the growth of the burn care market in the region. Besides this, the U.S. will play a significant role in augmenting the North America burn care market. The market will also witness significant opportunities in Asia Pacific. Growth in advanced dressings will further help Asia Pacific to emerge as a niche market for burn care in the coming years.
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Coloplast A/S, Smith & Nephew plc, Derma Sciences, Inc., Medtronic, Acelity L.P., 3M Company, and Mölnlycke Health Care are among the leading players in the global burn care market. Their policies and marketing strategies have significant impact on the global burn care market, which is why the report includes results of SWOT analysis conducted on them. The analysis was intended at identifying their core strengths and weaknesses. It also revealed a few threats and opportunities that could have an impact on their overall operations.