04 May 2020
Visiongain has launched a new pharma report Burn Care Market Report 2020-2030: Forecasts by Product (Advanced Dressing, Biologics, Traditional Burn Care Products, Others), Depth of Burn (Minor Burns, Partial Thickness Burns, Full Thickness Burns), Cause (Thermal Burns, Electrical Burns, Radiation Burns, Chemical Burns, Friction Burns), End Use (Hospitals, Clinics, Others), and Geography (North America, Latin America, Europe, Asia Pacific, MEA).
The global burn care market is anticipated to grow at a lucrative CAGR of ~xyz% and anticipated to reach USD xyz billion by 2020. Visiongain anticipates that the global market will grow on account of the growing incidence of burn cases.
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Burns are a serious public health problem globally. It is estimated that over 265 thousand deaths occur every year due to burns. High-income countries have made substantial progress in reducing burn death rates, by combining proven prevention strategies and by improving the care of burn victims. Most of those prevention and care advances have been applied incompletely in low- and middle-income countries. Increased efforts to do so would likely result in significant reductions in the rates of death and disability associated with burns.
Visiongain anticipates that the rising incidence of burn-related cases is driving market growth. Furthermore, the global burn care market is anticipated to grow on account of growing awareness and rising expenditure on advanced care products. However, high treatment cost associated with the burns is anticipated to hamper the market growth. Nonetheless, with the advancement in technology, these costs are anticipated to reduce and thus foster market growth over the forecast period. All these factors are anticipated to offer lucrative growth opportunities for global market players.
North America holds the majority of market share followed by Europe and will continue to dominate in the future as a result of several research projects in the region, coupled with funding for research institutes from the government. Also, the market will continue to be driven by the existence of the target population and increased R&D investment by important business organizations. Asia Pacific region is expected to experience the highest growth in terms of CAGR over the forecast period owing to growing healthcare infrastructure coupled with government initiatives in markets such as India and China. Additionally, unmet needs of patients and untapped nations in this region have been attracting investments by global players and this is expected to boost the Burn Care Market growth over the forecast period.
Currently, key players are forming various strategies such as acquisitions, mergers, partnerships, collaborations, and launching new products to strengthen their position in the global burn care market. Companies are also expanding their R&D, distribution, and management facilities to expand their business and to hold a competitive edge in the Burn Care Market.
The comprehensive market report features companies such as Acelity L.P., Inc., Coloplast Corp., Convatec, DeRoyal Industries, Inc., Derma Sciences, Inc., Cardinal Health, Hollister Incorporated, 3M, Smith & Nephew, Medtronic, Mölnlycke Health Care among other prominent players. Also the research study offers market estimation and forecast for the period ranging 2020-2030 for global markets such as North America, Latin America, Europe, Asia Pacific and MEA along with regional sub-markets as U.S., Canada, Brazil, Mexico, Germany, UK, France, Italy, Spain, Russia, India, Japan, China, Australia, ASEAN, GCC and South Africa.
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