Burn Therapy Market Size, Share, Growth, and Industry Analysis by Type (Medical Treatment, Physical Therapy, Surgical and Other Types), By Application (Hospitals, Clinics and Others), Regional Insights, and Forecast From 2024 To 2031

Burn Therapy Market Report Overview

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The global burn therapy market size was USD 3264.6 million in 2022 and is projected to touch USD 4978.29 million by 2031, exhibiting a CAGR of 4.8% during the forecast period.

A burn occurs when the skin tissue is injured by chemicals, heat, electricity, sunlight, or radiation. The majority of burn injuries are unintentional. The seriousness of the burn is judged by the diagnostic medical professional, and any sort of burn should be reported to the doctor as soon as possible in order to lessen the impact of the burn because untreated burns easily lead to infections and can become crucial in many circumstances. The increased incidence of burns, high need for skin grafts, expanding awareness of treatment alternatives, and increasing technical breakthroughs are all driving up demand for burn care goods.

COVID-19 Impact: The Foot Restrictions Led to the Rise of the Market

The global COVID-19 pandemic has been unprecedented and staggering, with the burn therapy market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic has a substantial influence on healthcare systems and healthcare providers. The introduction of Covid-19 had a minor impact on the global market. Because numerous over-the-counter burn care products were available at local pharmacies and critical cases were being handled at hospitals, the entire process became more time-consuming due to Covid-19 limits. The global market for milder burns saw a minor increase due to remote work culture, restaurant closures, and the following necessity to cook at home, resulting in an increase in various home care cures for such burns.

LATEST TRENDS

"The Technological Advancements in Burn Care Novel Products to Inflate the Market Demand"

With the number of burn cases increasing every year and their causes differing, commercial market companies and government organisations have recognised the significance of incorporating sophisticated technologies in burn care. This is beneficial not only to medical personnel but also to patients. These technologies include laser treatments to eliminate burn marks, near-perfect skin grafting, and other patient-friendly procedures. Rising adoption and R&D in burn care technologies are likely to give profitable growth prospects in the global burn therapy market share.

Burn Therapy Market Segmentation

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• By Type

Based on type; the burn therapy market is divided into medical treatment, physical therapy, surgical and others.

• By Application

Based on the application; the burn therapy market is divided into hospitals, clinics and others.

DRIVING FACTORS

"Rising Burn Related Accidental Cases to Aid the Market for the Therapy"

With the increasing urbanisation and modernisation of cities, we are constantly in contact with explosive compounds or skin irritants. They can include cleaning agents, chemicals used on building sites, high voltage electric currents, and fuels, to mention a few. Ignorance can lead to major burn situations. For example, if safety measures are not followed correctly on building sites, a live unexposed wire may come into contact with a human. A casual approach at chemical manufacturing plants may have serious consequences. Because we are constantly exposed to such powerful burn agents, the likelihood of burns has increased more than ever, and this is predicted to boost global burn therapy market growth in the coming years.

"Favourable Government Initiatives and Non-Profit Organization to Decipher the Market Demand"

Favorable government initiatives, such as reimbursement rules that cover about 70.00-100.00% of treatment costs, encourage patients to choose advanced burn care. Government institutions such as the World Health Organization (WHO) and non-profit groups such as the American Burn Association (ABA) also help to raise awareness. The WHO has been working cooperatively with The International Society for Burn Injuries and other organisations to create methods to improve burn care and prevent burn injuries around the world.

Furthermore, the presence of non-profit organisations such as the British Burn Association and the Canadian Association of Burn Nurses, which strive to provide and spread knowledge on the best treatment and rehabilitation after a burn injury, is raising public awareness about burn therapy and treatment.

RESTRAINING FACTORS

"Lack of Awareness and the High Cost of Treating Complex Burns to Restrain the Market"

There is a common dearth of information regarding adequate burn care management among the populace in undeveloped or underdeveloped countries. This is due to either a lack of government initiatives to educate the population or a lack of healthcare infrastructure, which results in a scarcity of medical facilities specialising in burn management. Third-degree burns, or burns that impact vital bodily parts such as the eye, ear, nerve damage, and other such burns, are difficult to treat. They necessitate expert medical staff as well as specialised equipment. Even aftercare is incredibly delicate. This raises the entire cost of treatment in third-degree burns, which, combined with a scarcity of specialist treatment facilities suited to manage such complex cases, is expected to impede worldwide burn therapy market growth during the forecast period.

Burn Therapy Market Regional Insights

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"North America  to Lead the Market with Well Established Health Infrastructure and Prominent Manufacturers"

North America is expected to retain more than 50% of the worldwide burn therapy market share in 2021, owing to an increase in medical burn cases in the region. According to government figures, the area treated almost 300 children every day in 2018, with the United States alone accounting for nearly two deaths. This is also supported by the presence of important market companies in the region, which provides inexpensive burn care to the region's people. The constant technical advancement in burn therapy is projected to boost regional growth in the next years.

KEY INDUSTRY PLAYERS

"Key Industry Players to Promote the Market Expansion"

The market's expansion was significantly impacted by the techniques employed by market participants in recent years, such as extensions. The report covers details and information about the firms and their interactions with the market.

LIST OF TOP BURN THERAPY COMPANIES

• Smith & Nephew (U.K)
• Mölnlycke Health Care (Sweden)
• B. Braun (India)
• Convatec Group (U.K)
• Coloplast (Denmark)
• Integra Lifesciences (U.S.A)
• 3M (U.S.A)
• Cardinal Health (U.S.A)
• Medtronic (Ireland)
• Mimedx Group (U.S.A)
• Acelity L.P. (U.S.A)

INDUSTRY DEVELOPMENT

• "November 2021:" Convatec announced a three-year extension of its wound care arrangement with Vizient Inc. in the United States, with the goal of providing high-quality wound care throughout the country. Convatec is a major manufacturer of therapy solutions for burn injuries, skincare, and wounds situated in the United Kingdom. Vizient Inc. is a healthcare services company established in the United States.
• "August 2021:" RLS Global was granted permission by the New Zealand Medicine & Medical Devices Safety Authority. This authorization will allow RLS Global, a burn care manufacturer, to employ ChloraSolv in the region, which is used to treat diabetic foot ulcers.

REPORT COVERAGE

This report covers a comprehensive backdrop analysis, an assessment of the parent market, intensive study in the market dynamics. Past historical, current, and projected size of the market from the point of both value and volume. Researching  of recent industry developments,  deep study on market shares and strategies of major players and the emerging niche segments and regional market areas are covered in the report.