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What is the Expected Growth Rate of the Burn Care Market Based on Industry Projections?

In recent years, the burn care market has seen robust growth. It’s projected to escalate from $2.50 billion in 2024 to $2.68 billion in 2025, with a compound annual growth rate (CAGR) of 7.6%. The historic expansion can be traced back to elevating the usage of skin grafts and alternatives, surge in burn cases, and an increase in patient knowledge about burn care therapies. Product developments like biologics and dressings and government programs have also played a key role.

In the coming years, a significant surge is anticipated in the burn care market, which is predicted to reach $3.57 billion by 2029, maintaining a compound annual growth rate (CAGR) of 7.4%. The expansion during the forecast period is largely due to a rise in the call for less invasive burn remedies and an increase in healthcare spending. The growth is also fueled by heightened patient knowledge concerning modern burn care management, a growing penchant for biologics and progressive wound care goods, as well as the broadening of government and private initiatives. Upcoming trends within the forecast duration encompass advanced burn care products and less invasive methods, biologics and skin grafts employed for fierce burns, products engineered using tissue and biological substitutes, telehealth avenues for managing burn care, and pioneering advancements in treatments for burn care.

What Market Dynamics Are Playing a Key Role in Accelerating the Growth of the Burn Care Market?

The escalating frequency of fire-related industrial mishaps is projected to fuel the expansion of the burn care market in the imminent future. These accidents, which occur in industrial environments due to reasons like electrical glitches, chemical responses, machinery breakdowns, human blunders, or inadequate safety provisions, lead to injuries and damage to property. The surge in such incidents is frequently associated with the growing industrial activities, lack of proper safety procedures, and increasingly intricate machinery and substances. Burn care contributes significantly in treating injuries resulting from fire-related industrial accidents, assisting in injury healing, pain regulation, and thwarting complications. For example, in November 2023, a report by the American Burn Association, a US-established organization dedicated to burn-related research, recovery, and prevention, stated that there were 30,135 industrial burn accident cases in 2022, contributing to a cumulative 152,312 cases over a span of five years. Furthermore, flame or flash occurrences constituted 40% of all the cases, with more than 90% of these being unintentional, showing a substantial increase compared to the previous year. Thus, the surge in fire-related industrial accidents will steer the growth of the burn care market.

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What Companies Are At the Forefront of Innovation in the Burn Care Market?

Major companies operating in the burn care market are Cardinal Health Inc., 3M Company, Medtronic Plc, Dynarex Corp., Medline Industries LP, Stryker Corporation, Essity AB, B. Braun Melsungen AG, Smith & Nephew plc, Coloplast Corp., Paul Hartmann Ag, ConvaTec Group PLC, Mölnlycke Health Care AB, Integra LifeSciences Corporation, Hollister Incorporated, DeRoyal Industries Inc., MiMedx Group Inc., Acme United Corp., Advanced Medical Solutions Group plc, Anika Therapeutics Inc, AdvaCare Pharma, Safe n Simple LLC, PolyMedics Innovations GmbH, Fibroheal Woundcare Pvt. Ltd

How Are Emerging Trends in Consumer Behavior Affecting the Burn Care Market?

Leading corporations in the burn care market are directing their efforts towards the creation of novel products such as extracellular matrix medical devices. Their goal is to provide superior and faster healing solutions for patients to enhance patient recovery rates and strengthen their competitive edge in the market. Extracellular matrix medical devices are biologically sourced materials that replicate the natural tissue framework. They facilitate healing and tissue regeneration by fostering cellular growth and performance in wound care and other medical procedures. For example, Convatec Group plc, a medical device firm from the UK, secured approval from the U.S. Food and Drug Administration (FDA) in March 2023 for InnovaBurn, a first-of-its-kind medical device for handling second-degree burns. It’s a xenograft created from placental tissue intended to treat complicated wounds like burns, surgical cuts, and ulcers. The device is meticulously processed with raw placental tissues being obtained, decellularized, disinfected, conserved, processed, and sterilized to form its final structure. This approval marks a crucial advancement in burn care as it introduces an innovative treatment alternative that has the potential to enhance results for patients with second-degree burns.

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Which Key Segments Define the Structure of the Burn Care Market and Their Growth Potential?

The burn care market covered in this report is segmented –

1) By Product: Advanced Dressing, Biologics, Traditional Burn Care Products, Other Products

2) By Burn Type: Thermal Burn, Electrical Burn, Chemical Burn, Radiation Burn, Friction Burn, Other Types

3) By Depth Of Burn: Minor Burns, Partial Thickness Burns, Full Thickness Burns

4) By End-Use: Hospitals, Outpatient Facilities, Home Care, Research And Manufacturing

Subsegments:

1) By Advanced Dressing: Hydrocolloid Dressings, Alginate Dressings, Foam Dressings, Hydrogel Dressings, Collagen Dressings

2) By Biologics: Skin Substitutes, Growth Factors, Allografts, Xenografts

3) By Traditional Burn Care Products: Antiseptic Creams and Ointments, Burn Gels, Burn Sprays, Bandages and Gauzes

4) By Other Products: Wound Cleansers, Burn Compresses, Burn Protection Gels

What Regions Are Propelling Growth in the Burn Care Industry?

North America was the largest region in the burn care market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the burn care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Does the Definition of the Burn Care Market Include?

Burn care refers to the medical treatment and management of injuries caused by burns, which may result from thermal, chemical, electrical, or radiation sources. It aims to promote healing, manage pain, prevent infections, and minimize complications in burn injuries. Burn care also aims to restore physical functionality, improve patients’ quality of life, and support their emotional and psychological recovery.

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