The global burn care market is anticipated to grow at a CAGR of 7.2% during the forecast period (2024-2031). The growing incidence of burn cases like fire, chemical, electrical, and radiation drives the growth of the global market. According to WHO an estimated 180,000 fatalities every year are caused by burns. In low and middle-income countries, burns stand out as the primary contributor to the loss of disability-adjusted life years (DALYs).
Browse the full report description of “Burn Care Market Size, Share & Trends Analysis Report by Product (Foam Dressing, Collagen Dressing, Hydrogel Dressing, Hydrocolloid Dressing, Alginate Dressing, Wound Contact Layers, Film Dressing, and Others), by Depth of Wound (Full Thickness Burns, Partial Thickness Burns, and Minor Burns), and by End-User (Hospitals, Outpatient Facilities, Home Care, and Others), Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/burn-care-market
For instance, annually, close to 173,000 children in Bangladesh experience moderate to severe burn injuries, underscoring the urgent need for comprehensive efforts to address and mitigate the impact of these incidents on public health. Moreover, children under 5 years of age in the WHO African Region over 2 times the incidence of burn fatality than children under 5 years of age globally.
Burn injuries require medical care nearly 20 times higher in the WHO Western Pacific Region than in the WHO Region of the Americas. According to the American Burn Association (ABA), over 60.0% of acute hospital admissions in the US are associated with burn injuries. This statistic highlights the substantial impact of burn incidents on healthcare resources and underscores the importance of addressing and preventing such injuries in the context of public health.
Increasing focus on research and development in this market sector creates opportunities for new and innovative products. Products that are easy to use and can be self-administered are in increasing demand in the market.
Recent Advancement in the Burn Care Market
The major companies serving the burn care market include 3M Co., ConvaTec Group Plc, Johnson & Johnson Services, Inc., Smith & Nephew Plc, Cardinal Health, Inc., and others. The market players are considerably contributing to the market growth by adopting various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2020, Safeguard Medical, a provider of life-saving products and services to first responders, acquired Water-Jel Technologies, the provider of emergency burn care products. The acquisition expanded Safeguard Medical's robust portfolio of life-saving products, comprehensive kitting capabilities, and advanced training programs.
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