The burn care market has seen numerous technological breakthroughs and has established itself as a standard solution for the treatment of burns of all degrees. Traditional burn care management methods are rapidly being replaced by improved goods due to the latter's effectiveness in managing burn injuries and allowing for speedier healing. Intervention techniques and the use of goods such as standard and advanced care dressings are used to treat burn injuries. In addition to lowering the quality of life, untreated burns raise the risk of infection and consequences. As a result, burn treatment is a crucial element of the recovery process. Furthermore, some severe burns may necessitate prompt medical attention to avoid further complications and the patient's death.
Drivers of the Global Burn Care Market
Because of the rising prevalence of burn injuries, the burn care market is likely to develop significantly over the forecast period. For example, according to World Health Organization (WHO) figures from March 2018, burns are predicted to cause 180,000 fatalities worldwide each year. Furthermore, low- and middle-income countries account for the vast bulk of these deaths.
Burn care market expansion is predicted to be fueled by rising awareness of burn care over the forecast period. The American Burn Association, for example, held National Burn Awareness Week in the first full week of February 2019, which provided a chance for burn care organizations, burn survivor support groups, public safety experts, and injury prevention campaigners to come together.
Restraints in the Global Burn Care Market
Burn care market expansion is projected to be hampered by the high costs involved with treatment. The majority of second and third-degree burn cases have lengthy hospital stays, resulting in hefty costs. According to the American Burn Association, the average hospital stay for a survivor with a 40-60% body burn in the United States is 54 days, and the average cost of the stay is US$ 780,000 per patient, per year. These expenditures can be substantially higher in the case of more serious injuries.
Regional Insights into the Global Burn Care Market
The global burn care market is divided into five regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Because of the presence of significant market participants in the United States, such as Acelity LP, 3M, Coloplast A/S, and Integra LifeSciences Corporation, North America is likely to have a dominating position in the global burn care market throughout the projection period.
The Burn Care Market in the World: A Competitive Analysis
Smith & Nephew Plc. Molnlycke, ConvaTec Inc., Integra LifeSciences Corporation, 3M, Coloplast A/S, Cardinal Health, Inc., DeRoyal Industries, Inc., Acelity LP, and Svenska Cellulosa Aktiebolaget are some of the major competitors in the worldwide burn care industry (SCA).
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