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What fueled the previous growth in the nexobrid market?

In past years, the Nexobrid market has seen a surge of XX (HCAGR). The growth is set to continue with the market size expected to swell from $XX million in 2024 to $XX million by 2025, indicating a compound annual growth rate (CAGR) of XX%. Several factors have played a part in this growth during the historical period, including an increase in burn injuries, upturn in industrial activities which tend to trigger accidents, heightened awareness about advanced burn treatment options, government aid for burn care treatment schemes, and the expansion of healthcare infrastructure in developing economies.

What will be the nexobrid market size in the future?

The market for Nexobrid is projected to expand at a forward compound annual growth rate (FCAGR) of XX in the upcoming years, reaching a value of $XX million in 2029, demonstrating a compound annual growth rate (CAGR) of XX%. The surging demand for quicker and more efficient solutions to heal burn wounds, coupled with increasing state-driven efforts for burn treatment, are key factors pushing this growth. Improved access to sophisticated medical services, the growth of healthcare institutions in countries with low to middle-income, and heightened public awareness about the perks of enzymatic debridement are also contributing to this projected expansion. The trend of embracing high-tech wound care items, escalating popularity for minimally invasive procedures, the adoption of AI-powered solutions for burn treatment, the incorporation of regenerative medicine for burn recovery, as well as joint ventures between governments and healthcare providers, will be the major trends during the forecast period.

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What main drivers are fueling expansion in the nexobrid market?

The growth of the nexobrid market is anticipated to be influenced by the escalating rates of burn injuries. These injuries, which cause physical harm to the skin or other tissues, result in tissue destruction, pain, and inhibited function. Occupations in the construction, manufacturing, and healthcare sectors pose higher risks for burn injuries because of the exposure to open flames, hot surfaces, and hazardous chemicals. Nexobrid assists in the recovery process from such burns by effectively clearing out eschar from burn wounds, thereby speeding up healing and reducing the likelihood of surgical intervention, which ultimately boosts patient outcomes. For example, according to a World Health Organization report from October 2023, an intergovernmental organization based in Switzerland stated that approximately 180,000 fatalities occur annually due to burns, predominantly in low and middle-income countries. Consequently, the rising frequency of burn injuries will fuel the growth of the nexobrid market.

What key areas define the segmentation of the global nexobrid market?

The nexobrid market covered in this report is segmented –

1) By Formulation: Topical Gel; Spray; Ointment

2) By Clinical Indication: Burn Care; Chronic Wound Care; Trauma Care

3) By Distribution Channel: Hospitals; Ambulatory Surgical Centers (ASCs); Retail Pharmacies; Online Pharmacies

4) By End-User: Adult; Pediatric; Geriatric

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Who are the dominant players expanding their reach in the nexobrid market?

Major companies operating in the nexobrid market are MediWound Ltd.

How are evolving market trends shaping nexobrid Strategies?

The dominant trend in the nexobrid market revolves around the creation of advanced eschar elimination drugs, answering the growing need for efficient, non-invasive solutions for burn treatment. Drugs used for eschar removal aim at breaking down dead tissue resulting from burns or injuries, fostering healing, and warding off infections. Such treatments enhance burn care through facilitating tissue rejuvenation and possibly reducing the necessity for surgical debridement. For example, December 2022 saw MediWound Ltd., a biopharmaceutical corporation from Israel, reveal that the U.S. Food and Drug Administration (FDA) gave its approval for NexoBrid (balzacaulase-bcdb) to be used for eschar removal in adults suffering from deep partial-thickness or full-thickness thermal burns. This groundbreaking treatment uses a special proteolytic enzyme formulation, capable of effectively removing burn eschar in just four hours while leaving healthy tissue untouched. Presenting a non-surgical alternative for burn treatment, NexoBrid saves time and energy for patients. It has been approved in more than 43 countries, including the United States and is endorsed by BARDA to augment burn care and boost emergency readiness plans.

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Which regions are emerging as leaders in the nexobrid market?

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

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