Global Burn Care Market 2017-2021
About Burn Care
Burns are a type of injury caused by exposure to heat. The heat can be thermal, electrical, chemical, or electromagnetic energy. The severity of burn depends upon the size and depth of the burn. Burns are defined as first, second, third or fourth degree burns, depending on how many layers of skin are burned. First degree burns are burns of the first layer of skin. Second degree burns are classified as superficial partial-thickness burns in which the first and second layers of the skin are burnt and deep partial-thickness burns injure deeper skin layers.
Technavio’s analysts forecast the global burn care market to grow at a CAGR of 6.83% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global burn care market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Burn Care Market 2017-2021
Technavio recognizes the following companies as the key players in the global burn care market: Coloplast, ConvaTec, Derma Sciences, Mölnlycke Health Care, and Smith & Nephew.
Other Prominent Vendors in the market are: 3M, Anika Therapeutics, BIOSKINCO, DeRoyal Industries, Integra LifeSciences, Medline Industries, MedSkin Solutions Dr. Suwelack, Medtronic, Organogenesis, RenovaCare, and Vericel.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is declining trend of burn injuries and deaths in high-income countries. In many high-income countries, burn injuries and related deaths have significantly decreased due to increased use of smoke detectors, improved firefighting techniques, improvements in emergency medical services, changes in legislation, improvement in education, and improvements in social conditions.”
According to the report, one driver in the market is high incidence of burn injuries and related deaths. The high incidence of burn injuries and related deaths across the world is estimated to increase the demand for burn care products. Burns are the fourth most common type of trauma worldwide, following traffic accidents, falls, and interpersonal violence. Worldwide, more than five million patients seek medical help for burns annually. Burns account for more than 200,000 deaths worldwide every year. The majority of these occur in low- and middle-income countries, especially in regions such as the South-East Asia.
Further, the report states that one challenge in the market is high cost of burn care treatment. Burn care is the one of the expensive areas of healthcare. This is due to long hospital stays, material-intensive surgical and nonsurgical wound care, multiple operations, long-term rehabilitation, and expensive equipment requirements. The mean total healthcare cost per burn patient in high-income countries is more than $85,000, whereas the mean total healthcare cost per burn patient in low and middle-income countries is more than $5,000.
Coloplast, ConvaTec, Derma Sciences, Mölnlycke Health Care, Smith & Nephew, 3M, Anika Therapeutics, BIOSKINCO, DeRoyal Industries, Integra LifeSciences, Medline Industries, MedSkin Solutions Dr. Suwelack, Medtronic, Organogenesis, RenovaCare, and Vericel.
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