The purpose of the report is to illustrate the state of the market of Burn Care, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
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According to world health organization (WHO), an estimated of 265,000 deaths are caused by burns every year, frequently happening in low and middle income countries. Availability of advance treatment, increasing cases of burn, favorable government initiatives and growing number of emergency centers are key parameters driving the growth of global burn care market. The global burn care market is categorized in terms of severity of burn, product type, and geography. Bsed on product type, the market is segmented into traditional burn care products, biologic skin grafts and advanced burn care products. In 2016, advanced burn care products dominated the market due to factors such as it lower the risk of infection in the wound, simple to apply, offers minimize irritation, more effective, require minimal maintenance and patient comfort. Based on severity of burn, the global burn care market is segmented into full-thickness burns, partial-thickness burns, and minor burns. In 2016, third-degree burns or full-thickness burns held largest market share as third-degree burns usually demand long-term treatment due to the high impact on layers of skin. Furthermore, the treatment may need surgical therapies and IV antibiotics to prevent the growth of infections.
In 2016, North America dominated the global burn care market due to higher preference for advance burn care treatment, satisfactory reimbursement policies by the government, more concern for aesthetic appearance, higher treatment cost and technological advancement.
Market Competition Assessment:
The global burn care market is highly competitive due to presence of numerous major and regional vendors. However, the market was dominated by key players including Coloplast A/S, Acelity L.P., Inc., 3M Company, ConvaTec, Inc., Medtronic Plc, Derma Sciences, Inc., Molnlycke Health Care, Hollister, Inc., and Smith & Nephew Plc.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Burn Care buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Burn Care contains:
Analysis and forecast of Burn Care market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Burn Care market;
Assessment and forecast of Burn Care market development;
Financial and business profiles of the leading companies in the Burn Care industry.
– Up to date working Burn Care data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Burn Care for the period 2018 to 2026
– Planned Burn Care additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Burn Care projects by region, key countries, and companies
– Details of major planned Burn Care projects in the world up to 2026
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