Global Burn Care Market, by Product Type (Advanced Burn Care, Biologics, and Traditional Burn Care), by Burn Degree (First-Degree, Second-Degree, Third-Degree, and Other Degrees), by End User (Hospitals, Clinics and Burn Centers, Homecare, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2026

Published In : Aug 2019

Code : CMI1279

Pages :180

Formats :

Excel and PDF

Industry : Medical Devices

Market Challenges And Opportunities

Global Burn Care Market- Drivers

The burn care market is expected to witness significant growth in the forecast period, owing to increasing incidence of burn injuries. For instance, according to the World Health Organization (WHO) data of March 2018, it is estimated that 180,000 deaths are caused by burns, annually, worldwide. Moreover, a vast majority of these deaths occur in low- and middle-income countries.

Increasing awareness regarding burn care is also expected to drive the burn care market growth over the forecast period. For instance, in February 2019, the American Burn Association organized National Burn Awareness Week in the first full week of the month, which served as an opportunity for burn care organizations, burn survivor support groups, public safety professionals, and injury prevention activists to increase awareness among the population about the frequency and causes of burn injuries in the U.S.

Global Burn Care Market- Restraints

The high cost associated with burn care treatment is expected to hamper the burn care market growth. Majorly, the second and third degree burn cases require prolonged hospital stays, which leads to high costs. For instance, according to the American Burn Association, 2017, in the U.S., for a survivor with 40-60% body burn, the average duration of hospital stay is 54 days and the average cost of the stay is US$ 780,000 per patient, annually. With more severe injuries, these costs can be even higher.