Burn Ointment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.95 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Burn Ointment Market Analysis
The burn ointment market is expected to register a CAGR of 5.95% during the forecast period.
The current COVID-19 outbreak has negatively affected the growth of the market. The outbreak has led to a decline in the number of patients seeking medical help for burns. In addition, the industry players have also reduced their overall expenditure on the research and development of new products in this market. The supply chain has also been disrupted, as various countries are only allowing the import and export of essential medications. It is expected that market players, in order to resume their growth in the market, will come up with a new solution to address the current scenario.
The major factors driving the growth of the market include rising incidences of burns and increasing awareness regarding treatment options. Burn injuries are a global health problem. According to the World Health Organization (WHO), in 2019, more than 305 million acute, traumatic, and burn wounds were recorded and treated worldwide, and it is expected to increase further. WHO also suggested that up to 2% of the population across the developed countries suffer from chronic wounds every year.
An article titled 'Burn Injury' published in the journal of Nature reviews Disease primers in February 2020 indicated that though the number of burn injuries has been decreasing in the developed nations, the risks of burn injuries are still a major concern in the low- and middle-income countries, with the number of cases rising over the years.
Furthermore, the increasing awareness among people regarding various treatment options related to burns is also a key factor driving the market over the forecast period. Owing to the increased awareness, the overall healthcare expenditure on burn care is also increasing. The market is also growing due to the increasing willingness among people to spend more and opt for new advanced blaze wound care products, especially in the case of patients affected with burns. Apart from this, public and private organizations are also running training and awareness programs to further advance the treatment options. For instance, in February 2022, American Burn Association conducted the National Burn Awareness Week to mobilize burn, fire and life safety educators to unite in sharing a common burn awareness and prevention message in our communities.
Thus, the above-mentioned factors are expected to drive the market growth over the forecast period. However, the side effects associated with burnt ointments, such as skin necrosis, itchy skin, redness, etc., are expected to be the major restraining factor for the market.
Burn Ointment Market Trends
This section covers the major market trends shaping the Burn Ointment Market according to our research experts:
The Topical Antibiotics Segment is Expected to Hold a Significant Market Share Over the Forecast Period
In terms of product type, the market is segmented into topical antibiotics, silver, and iodine. The topical antibiotics segment is expected to hold a significant market share during the forecast period.
The major factors propelling the growth of this segment include the high acceptance of burn ointment products in home-care settings and the rising incidence of burns across the globe. Mafenide acetate, Bacitracin, Mupirocin, Neosporin, Polymyxin B, Nitrofurazone, and Nystatin are the widely accepted topical antibiotic burn ointments.
An article titled 'Burn Ointment Promotes Cutaneous Wound Healing by Modulating the PI3K/AKT/mTOR Signaling Pathway' published in the journal of Frontiers in Pharmacology in March 2021 indicated that Chinese medicine compound burn ointment offers a more advanced alternative medication that limits scar formation. The ointment accelerates wound healing through PI3K/AKT/mTOR signaling pathway and increase the key cytokines VEGF and TGF-β1 to further help tissue recovery.
The management of initial burns with an ointment is usually considered effective and is preferred even with dressing or other treatments. Thus, the above-mentioned factors are expected to drive the market growth over the forecast period.
The North American Region is Expected to Hold a Major Market Share Over the Forecast Period
In the North American region, the United States is expected to hold a major market share due to well-established healthcare infrastructure and the rising incidence of burns.
For instance, as per the Fire and Burn Prevention: 2021 Resource Guide published in May 2021, over 100,000 are admitted to a hospital or treated in an emergency department owing to fire or burn injuries each year. Also, fires and burns were the fifth leading cause of unintentional injury-related deaths to children ages 1-19 in the United States. A high incidence of burns is likely to drive the demand for burn ointments. In addition, the presence of key players in this region that are focusing on planned initiatives like the launch of new products and mergers and acquisitions is helping the market grow. Thus, owing to the above-mentioned factors, the burn ointment market in the United States is expected to be one of the largest markets and grow in the future.
Asia-Pacific also presents lucrative opportunities in the current scenario for the key players operating in the burn ointment market due to increased patient awareness toward burn care treatment and management, increase in the number of hospitals, development of the R&D sector, rise in healthcare reforms, and increase in the target population in emerging economies.
Burn Ointment Industry Overview
The burn ointment market is moderately competitive. The market players are committed to developing innovative healing solutions for customers and patients across the care continuum, generating proven clinical outcomes. The companies are also showing continuous growth and are developing new and differentiated products, which address the evolving healthcare needs among patients. Some of the market players include Johnson & Johnson, Mankind Pharma, Pfizer Inc., Dr.Morepen, Smith & Nephew PLC, and others.
Burn Ointment Market Leaders
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Johnson & Johnson
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Mankind Pharma
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Pfizer Inc
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Dr.Morepen
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Smith & Nephew Plc
*Disclaimer: Major Players sorted in no particular order
Burn Ointment Market News
- In May 2022, Molncyke Healthcare sunmitted the clinical evidence in Wound International 2022 on the use of Mediplex Ag for the management of partial thickness burns. The soft silicone wound contact layer in Mediplex designed to help minimise wound and peri-wound trauma and associated pain aided in the burn healing.
- In April 2022, the Hospices Civils de Lyon sponsored a clinical trial that examined the use of silver sulphadiazine as an ointment for treating second-degree fibrinous burns. The study was estimated to be started by September 2022.
Burn Ointment Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Rising Incidences of Burn
- 4.2.2 Increasing Awareness Regarding Treatment Options
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4.3 Market Restraints
- 4.3.1 Side Effects Associated with Burn Ointment
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - in USD Millions)
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5.1 By Product Type
- 5.1.1 Topical Antibiotics
- 5.1.2 Silver
- 5.1.3 Iodine
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5.2 By Depth of Burn
- 5.2.1 Minor Burns
- 5.2.2 Partial Thickness Burns
- 5.2.3 Full Thickness Burns
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5.3 By End User
- 5.3.1 Hospitals and Clinics
- 5.3.2 Other End Users
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5.4 Geography
- 5.4.1 North America
- 5.4.1.1 United States
- 5.4.1.2 Canada
- 5.4.1.3 Mexico
- 5.4.2 Europe
- 5.4.2.1 Germany
- 5.4.2.2 United Kingdom
- 5.4.2.3 France
- 5.4.2.4 Italy
- 5.4.2.5 Spain
- 5.4.2.6 Rest of Europe
- 5.4.3 Asia-Pacific
- 5.4.3.1 China
- 5.4.3.2 Japan
- 5.4.3.3 India
- 5.4.3.4 Australia
- 5.4.3.5 South Korea
- 5.4.3.6 Rest of Asia-Pacific
- 5.4.4 Middle-East and Africa
- 5.4.4.1 GCC
- 5.4.4.2 South Africa
- 5.4.4.3 Rest of Middle-East and Africa
- 5.4.5 South America
- 5.4.5.1 Brazil
- 5.4.5.2 Argentina
- 5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 3M
- 6.1.2 Cardinal Health
- 6.1.3 Cipla Limited
- 6.1.4 ConvaTec Group PLC
- 6.1.5 DeRoyal Industries Inc.
- 6.1.6 Dr.Morepen
- 6.1.7 GlaxoSmithKline PLC
- 6.1.8 Intergra LifeSciences
- 6.1.9 Johnson & Johnson
- 6.1.10 Mankind Pharma
- 6.1.11 Perrigo Company PLC
- 6.1.12 Pfizer Inc.
- 6.1.13 Smith & Nephew PLC
- 6.1.14 Sun Pharmaceutical Industries Ltd (Ranbaxy Laboratories Limited)
- 6.1.15 Trio Lifescience Pvt. Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
Burn Ointment Industry Segmentation
As per the scope of the report, burn ointments are specially formulated ointments that are used to heal burn wounds. Burn ointments are topical applications effective against minor and major burns. These ointments help prevent infection and prepare the wound to close. The burn ointment market is segmented by product type (topical antibiotics, silver, and iodine), depth of burn (minor burns, partial thickness burns, and full thickness burns), end user (hospitals and clinics and other end users), and geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across the major regions globally. The report offers the value (in USD million) for all the above 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 | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Spain | ||
| Rest of Europe | ||
| Geography | Asia-Pacific | China |
| Japan | ||
| India | ||
| Australia | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | Middle-East and Africa | GCC |
| South Africa | ||
| Rest of Middle-East and Africa | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America |
Burn Ointment Market Research FAQs
What is the current Global Burn Ointment Market size?
The Global Burn Ointment Market is projected to register a CAGR of 5.95% during the forecast period (2024-2029)
Who are the key players in Global Burn Ointment Market?
Johnson & Johnson, Mankind Pharma, Pfizer Inc, Dr.Morepen and Smith & Nephew Plc are the major companies operating in the Global Burn Ointment Market.
Which is the fastest growing region in Global Burn Ointment Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Burn Ointment Market?
In 2024, the North America accounts for the largest market share in Global Burn Ointment Market.
What years does this Global Burn Ointment Market cover?
The report covers the Global Burn Ointment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Global Burn Ointment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Burn Ointment Industry Report
Statistics for the 2024 Burn Ointment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Burn Ointment analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
