BURN OINTMENT MARKET ANALYSIS

Burn Ointment MarketSize and Trends

The Global Burn Ointment Market is estimated to be valued at US$ 1,030.5 Mn in 2023 and is expected to exhibit a CAGR of 6.1% during the forecast period (2023-2030).

(Market- Trends)

• Increasing number of research and development activities: The increasing number of research and development activities regarding burn ointments is expected to drive the market growth over the forecast period. For instance, according to an article published in Wolters Kluwer, a publishing company, a total of 669 burn patients in the U.S. were treated using 5% mafenide solution, a topical antibiotic agent. Among which, only 1% of patients reported severe pain enough to stop receiving treatment.