Burn Ointment Market Overview:
Burn Ointment Market size was valued at USD 900 million in 2021 and is projected to reach around USD 1,500 million in 2030 exhibiting a CAGR of 6.0% in the forecasted period. An antibiotic ointment applied thinly protects skin against germs. A topical treatment called burn ointment can be applied to burned areas to help stop infections. Burn ointments come in two varieties: creams and ointments. They both stimulate folic acid, which is a nutrient that promotes bacterial growth. By protecting the skin and forming a layer, burn ointment helps prevent dressing adherence to the skin.
External factors including heat, chemicals, and radiation are the main causes of skin burns, which can produce varying degrees of burn damage. All around the world, children are highly vulnerable. Depending on the extent and size of the burn, symptoms might range from mild to fatal. First, second, and third degree burns are often categorized according to the extent of damage done to one or more layers of skin and flesh.
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Market Drivers:
Increasing Rates of Burns Worldwide
Major burns are more common in women and children, and are caused by fire, chemicals, hot liquids, sunlight, and electrical currents. Treatment is therefore more important in these cases. The groups concentrated on educating people about the different burn treatment options available, based on the degree of the injury.
Raising Knowledge About Burn Ointment’s Advantages
raising patient awareness worldwide about the advantages and healing of burns. Due to growing understanding of the advantages of burn treatment, overall healthcare costs are rising. educating people through training and seminars on different burn severity and associated treatments.
Market Trends:
Raising Knowledge of Various Burn Care Services
The market is expected to be driven throughout the projected period by consumers being more aware of the many burn treatment options available. In addition, as awareness grows, burn care costs in the medical field are rising overall. The market for advanced burn wound care products is expanding as a result of rising public awareness. To inform people about cutting-edge treatment choices, the groups develop awareness campaigns and educational initiatives.
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Market Opportunities:
Over the course of the projection period, the market for burn ointment is expected to rise significantly, mainly due to an increase in R&D initiatives that concentrate on topical burn wound treatments. It is anticipated that this increase in R&D activity will spur innovation and accelerate the uptake of cutting-edge burn treatment solutions. The public’s increasing acceptance of these cutting-edge, novel treatments also plays a major role in the market’s explosive growth.
Market Segments:
By Product Type
- Topical Antibiotics
- Silver
- Iodine
By Depth of Burn
- Minor Burns
- Partial Thickness Burns
- Full Thickness Burns
By End User
- Hospitals and Clinics
- Other End Users
Market Regional Analysis:
The United States is expected to hold a leading market position in North America because of its established healthcare infrastructure and the rising number of burn injuries.
For example, over 100,000 people are treated in emergency rooms or sent to hospitals every year due to fire or burn injuries, according to the Fire and Burn Prevention: 2021 Resource Guide, which was released in May 2021.
For the major players operating in the burn ointment market, Asia-Pacific offers attractive opportunities as well given the increased patient awareness regarding burn care treatment and management, the growth of hospitals, the development of the R&D sector, the rise in healthcare reforms, and the increase in target population in emerging economies.
Major Key Players included in this market are:
- 3M
- Cardinal Health
- Copal Limited
- Converted Group PLC
- DE Royal Industries Inc.
- More pen
- GlaxoSmithKline PLC
- Integra Life Sciences
- Johnson & Johnson
- Mankind Pharma
- Perrigo Company PLC
- Pfizer Inc.
- Smith & Nephew PLC
- Other players
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