Market Trends of Global Burn Care Industry
This section covers the major market trends shaping the Burn Care Market according to our research experts:
Advanced Dressing Segment is Expected to Hold a Major Share in the Burn Care Market Over the Forecast Period
The advanced dressings (for example, alginate, film, foam, hydrocolloid, and hydrogel dressings) are made to make it easier for fluid to move around a wound's surface. This dressing also takes less recuperation time, simplicity of use, and cost-effectiveness are just a few advantages these products provide, all of which are anticipated to support segment expansion. Further, advanced wound dressings regulate the surface by retaining moisture or absorbing exudate, protecting the wound base and tissue surrounding the wound. Due to this, they are used widely in the burn care market and are expected to occupy a significant share of the studied market over the forecast period.
Moreover, the ongoing research and development activities in the area and product launches are expected to impact the market positively. For instance, according to a November 2021 press release from the University of South Australia (UniSA), the researchers from UniSA developed an advanced silver nanoparticle hydrogel-coated dressing that can deliver an 'on demand' release of ultra-small silver nanoparticles that can safely break down antibiotic-resistant bacteria and promote wound repair and as per one of the researchers, this novel treatment could significantly change the clinical management of burn infections.
Further, the new product launches and approval are also expected to play a crucial role in the growth of the advanced dressing segment over the forecast period. Therefore, the advanced dressing segment is expected to hold a significant share of the studied market due to the abovementioned factors.
North America Region is Expected to Hold a Significant Share in the Burn Care Market Over the Forecast Period
The North American region is anticipated to hold a significant share of the studied market owing to the factors such as the high incidence of burn injuries, increasing awareness about the available treatment options, and the presence of a robust healthcare system. For instance, according to American Burn Association data in February 2021, more than 400,000 people receive treatment for burn injuries each year and approximately 3,500 adults and children suffer fatal burns in accidents and fires every year. Further, according to March 2021 report from Statistics Canada, the hospitalization rate for burns was 13.9, 5.0, and 13.5 hospitalizations per 100,000 person-years at risk among First Nations people, Métis, and Inuit, respectively. Hence, thus increasing burden of burn injuries is expected to rise the demand for burn care, thereby driving the growth of the market in this region.
Further, the approval and launch of new products and rising funding activities for the treatment of burn victims are expected to have a positive impact on the market. For instance, in June 2022, the British Columbia Children's Hospital, Canada, received about USD 1 million from the BC Professional Fire Fighters Burn Fund to support specialized care for kids with burn injuries. On the other hand, in June 2021, Mallinckrodt Plc received approval from the United States Food and Drug Administration (FDA) for its StrataGraft, allogeneic cultured keratinocytes and dermal fibroblasts in murine collagen - dsat, for the treatment of adult patients with thermal burns. Therefore, due to the above-mentioned factors, such as rising burn injuries and high demand for burn care products along with the presence of the North American region is expected to hold a significant share in the burn care market over the forecast period.
