Burn Care Market New Business Opportunities and Emerging Trends and Forecasts 2030

Posted by Mrudula Anil Karmarkar on October 9th, 2024

San Francisco, 09 October 2024: The Report Burn Care Market Size, Share & Trends Analysis Report By Product (Advanced Dressings, Biologics), By Depth Of Burn (Minor, Partial Thickness), By Cause, By End-use (Hospitals, Outpatient Facilities), By Region, And Segment Forecasts, 2024 - 2030

The global burn care market size is expected to reach USD 4.23 billion by 2030, expanding at a CAGR of 7.18% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing incidences of burn injuries are anticipated to fuel the demand for cost-effective treatment over the forecast period. For instance, according to NIH report (published in 2022) about 450,000 patients received treatment for burns annually, and about 30,000 require admission to burn centers.

As per the same source, 96.0% of fatal fire-related burns occur in low to middle-income countries. According to the data published by the NIH, on average, 265,000 deaths are caused by burns every year. The majority of these deaths occur in low to middle-income countries and half of them occur in South East Asia. Moreover, around 1,000,000 people in India are moderately or severely burnt and around 173,000 children in Bangladesh are burnt each year.

It also reported that in the U.S., approximately 4,500 burn victims die annually and 10,000 die due to burn-related infections. Owing to this substantial increase in the number of burn incidences, the patient population for burn care and treatment has increased. This, in turn, is expected to drive market growth over the forecast period. Furthermore, due to the rising incidences of burns, the demand for treatment options is increasing and as a result, the overall healthcare expenditure on burn care is increasing.

Treatment options for burn care include advanced dressings, biologics, traditional burn care products, and others. The foam dressings developed from semipermeable polyurethane are waterproof and can be used on heavily exuding wounds. As a result of which they are preferred over normal dressings which are not waterproof and need to be changed regularly.

The rising burn incidence, high demand for skin grafts, and increasing awareness regarding the available treatment options are driving market growth. In addition, the rising prevalence of chronic diseases that affect wound healing capabilities further elevates the demand for advanced wound products. Moreover, the rising preference for advanced burn care products and increasing disposable income further propels market growth.  

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In the post-pandemic times, there has been a noticeable rise in the demand for burn care products for at-home use as individuals seek to minimize visits to healthcare facilities. Moreover, a significant number of patients turned to virtual consultations for their medical needs. As a response to this, major companies in this industry are introducing new offerings to facilitate online consultations and guidance for those unable to seek in-person treatment at medical centers. For example, in April 2020, Healogics, Inc. rolled out a telehealth program specifically designed for patients requiring wound care, ensuring they have continuous access to care and a variety of treatment options. This initiative aims to lessen the likelihood of patients needing to visit hospitals or emergency rooms.

Burn Care Market Report Highlights

• The advanced dressing segment was identified as the highest revenue generator with 42.54% share in 2023.
• In 2023, full-thickness burns led the burn care market, holding the highest revenue share of 39.89%. A report from WHO in October 2023 highlighted that burns are responsible for around 180,000 deaths annually. The market growth is further propelled by the increasing efforts of both governmental and non-governmental organizations focused on burn care treatments.
• In 2023, thermal burns held the highest revenue share at 74.79%, driven by the prevalent instances of fire burn. The American Burn Association (ABA) notes that fire burn accounts for 44.0% of admissions to burn centres.
• The hospitals segment accounted for the largest revenue share in 2023, owing to the rising incidence of burns and consequent hospitalizations every year.
• North America dominated the market with the largest revenue share of 51.56% in 2023. This dominance can be attributed to the rising awareness among people about burn treatment options and increasing disposable income.

Moreover, multiple physicians and healthcare professionals have adopted telehealth platforms to manage their patient's conditions and offer guidance on the use of cutting-edge products for wound management. For example, a report from MobiHealthNews (HIMSS) in December 2021 revealed the development of VeCare, a point-of-care wound assessment tool by researchers at the National University of Singapore. This innovative technology integrates a smart wearable equipped with sensors capable of performing immediate bedside evaluations of chronic wounds via an app, providing results within 15 minutes. Innovations like these are anticipated to propel market growth.

Supportive measures from governments, including reimbursement schemes covering approximately 70.0%-100.0% of therapy expenses, encourage individuals to opt for sophisticated treatments for burns. Additionally, both government bodies and non-profit entities, such as the World Health Organization (WHO) and the American Burn Association (ABA), play significant roles in enhancing awareness. The WHO actively collaborates with the International Society for Burn Injuries among other organizations, aiming to refine burn treatment methods and implement preventive measures against burn injuries worldwide.

Burn Care Market Report Scope

Biological or skin grafts are predominantly utilized for treating full-thickness and partial burns, playing a crucial role in injury treatment. This has led to a growing demand for skin grafts and various skin substitutes for the treatment and management of severe burns, a trend that continues to ascend. Moreover, efforts by major companies, including the introduction of new products and undertaking of mergers and acquisitions, contribute to the expansion of the market. For example, in January 2023, ConvaTec Group PLC launched a novel foam dressing called Convafoam in the United States.

Key Burn Care Companies:

The following are the leading companies in the burn care market. These companies collectively hold the largest market share and dictate industry trends.

• 3M
• Hollister Incorporated
• Cardinal Health
• Integra LifeSciences Corporation
• Coloplast Corp.
• DeRoyal Industries, Inc.
• Smith & Nephew
• ConvaTec Inc.
• Mölnlycke Health Care AB.
• Johnson & Johnson