Skin Burn Treatment Market Trend Analysis and Projected Growth By 2030
Market Dynamics The global market for skin burn treatment is projected to experience a substantial increase in revenue with a rapid Compound Annual Growth Rate (CAGR) during the forecast period. This growth is attributed to the escalating prevalence of burn injuries, a surge in awareness, and the adoption of advanced treatment methods.
Major Companies in the Market Include: Key players in the market:
- 3M
- Hollister Incorporated
- Cardinal Health
- Integra LifeSciences Corporation
- Coloplast Corp.
- DeRoyal Industries, Inc.
- Smith & Nephew
- ConvaTec Inc.
- Mölnlycke Health Care AB
- Johnson & Johnson
Startups and Innovative Key Players:
Restraints: Significant development costs of treatments and potential adverse effects associated with burn care are major factors restraining the revenue growth of the market. Treatments for skin burns may lead to adverse effects such as skin irritation, rashes, and mild digestive disturbances, including bloating and nausea.
What Our Report Provides and Why Our Offering Is Superior: This report offers historical data, forecasts, and revenue growth at the global, regional, and country levels. It provides analysis of industry trends, consumption patterns, and detailed information for each region, major country, and segment from 2019 to 2030. The report covers industry analysis, the competitive landscape, company financials, and impact analysis.
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Factors Influencing Market Growth Drivers: The growth in market revenue is primarily driven by factors such as the increasing prevalence of burns, a high demand for skin grafts, heightened public awareness of available treatment options, and rapid technological advancements. Moreover, the expanding knowledge of various burn care solutions is contributing to market expansion.
Opportunities: The growing prevalence of skin burns has created a demand for more effective treatments. Global companies are investing a substantial portion of their revenues in Research and Development (R&D) to develop advanced medications. Several products related to sophisticated pharmaceutical delivery systems are awaiting approval by the Food and Drug Administration (FDA), which is expected to drive market growth.
Geographic Market Overview Region with Largest Revenue Share: North America is anticipated to dominate the market during the forecast period. This is attributed to the adoption of technologically advanced procedures, such as reconstructive burn surgery, and strategic initiatives like product introductions and mergers and acquisitions.
Region with Fastest Revenue Growth Rate: The Asia Pacific region is poised for the highest growth rate during the forecast period. This is due to increasing patient awareness of burn care management and treatment, a rise in the number of hospitals, advancements in the R&D sector, healthcare reforms, technological improvements in burn care products, and an expanding population suffering from burns and burn-related injuries in emerging economies.
Key Market Trends and Innovations
- The Metis Foundation is currently conducting a study to assess the safety and effectiveness of KeraStat Gel for the topical delivery of morphine in treating painful, chronically open wounds. This study aims to reduce pain sensitivity and is currently in phase 4.
- Amnion membrane powder (Lyophilized, gamma-radiated powder) is under investigation for treating skin burn wounds, often in conjunction with standard wound coverings. This study is currently in its early phase 1.
Organic and Inorganic Strategies Employed:
- In June 2021, Mallinckrodt Pharmaceuticals received FDA approval for its engineered skin product, StrataGraft, designed for the treatment of severe thermal burns.
- In September 2018, the FDA approved Avita Medical's ReCell, a spray-on skin product using a slurry of a patient's own skin for burn treatment. This marked the introduction of the first spray-on skin treatment for burns.
Market Segmentation by Burn Type:
- Thermal Burn
- Electrical Burn
- Chemical Burn
- Radiation Burn
- Friction Burn
- Others
Market Segmentation by Severity of Burn:
- 1st Degree
- 2nd Degree
- 3rd Degree
Market Segmentation by Product Type:
- Advanced Burn Care
- Alginate Dressings
- Collagen Dressings
- Hydrogel Dressings
- Hydrocolloid Dressings
- Wound Contact Dressings
- Film Dressings
- Foam Dressings
- Others
- Biologics
- Traditional Burn Care
- Tapes
- Dressings
- Others
Market Segmentation by Distribution Channel:
- Online Distribution
- Offline Distribution
Market Segmentation by Route of Administration:
- Oral
- Parenteral
- Others
Market Segmentation by End-user:
- Hospitals
- Specialty Clinics
- Others
Regional Outlook (Revenue, USD Million; 2019-2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of Middle East & Africa
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