Market Challenges And Opportunities
Global Burn Ointment Market - Drivers
- Increasing prevalence of burns: The increasing prevalence of burn cases in countries, such as China, is expected to drive the market growth over the forecast period. For instance, according an article published in September 2022, in Burns & Trauma, an open access journal, the epidemiology of burns in Mainland China was studied. According to the study, the number of burn patients in Mainland China from 2009 to 2018 was 222,480.
- Increasing research and development activities: Increasing research and development activities regarding various treatments that use ointments for burn injuries by research organizations are also expected to boost the global burn ointment market growth over the forecast period. For instance, in January 2023, Hospices Civils de Lyon, a France-based hospital, initiated a study for the evaluation of a management strategy for second-degree fibrinous burns using silver sulphadiazine ointment. The study is expected to be completed by January 2026.
- Side effects associated with burn ointments
- Side effects associated with burn ointment, such as Burnol Povidone Ointment, can hinder the growth of the global burn ointment market. The side effects of Burnol Povidone Ointment include burning, irritation, itching, and redness.