Latin America Burn Care Industry value worth $ 0.174 Bn by 2021
Posted by MDFtrends on October 27th, 2017
According to the report Latin America Burn Care Industry, published by Market Data Forecast, The Industry was worth $ 0.133 billion in 2016 and estimated to reach $ 0.174 billion by the end of 2021 with a growing potential of 6.99%.
Latin America Burn care is a major challenge in Latin America, burn injuries are 3rd most leading cause of death from trauma and the 2nd in children younger than 4 years of age that results from an accidental event. It is expected that about a million of burn accidents every year in Brazil, of which 200,000 patients seek hospital care.
Browse Market data tables and in-depth TOC of the Latin America Burn Care Industry to 2021 @ http://www.marketdataforecast.com/market-reports/latin-america-burn-care-market-1081/
The main reasons for burns in children under the age of 15 are related to accidental events in the home surroundings, of which scald burns or lesions are caused by heated liquid are the main causes responsible for trauma. The annual occurrence of burns in Argentina is 10/2000, and accounts for the 3rd cause death among children. However, the high cost of burn care is the major factor inhibiting the growth of Industry.
The Major factors that attribute to the growth of the Industry is due to rising incidence of burns due to lack of awareness in children below the age of 15, growing expenditure in Healthcare leads to usage of skin grafts and advanced dressings, favourable government initiatives, expanding awareness regarding treatment options. The Most Restraining Challenge is increasing the cost of Burn care.
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The Latin America Burn Care Industry is broadly categorized based on Products (Advanced dressings, Biologics, Traditional). Based on extent of damage (Minor, Partial Thickness, deep partial thickness burn), based on End users (Hospitals, Clinics and Home care). Brazil is projected to account the largest share in the Industry and also witnessing the growth in CAGR during the forecast period followed by Argentina. On the basis of geography, the Latin America Industry is analysed under various countries namely Argentina, Brazil, and Mexico.
Multinational companies are investing mostly on developing new products which enables them to have a competitive advantage. Some of the key players influencing the Latin America Burn care Industry, by their products and services include Smith & Nephew plc (UK), Acelity L.P (US), 3M Company (US), Molnlycke Health Care (Sweden), Derma Sciences Inc.(US), Medtronic (Ireland), ConvatecInc (UK), Coloplast A/S (Denmark) .
Key Points from Table of Contents
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Latin America Burn Care Industry: Segmentation
Industry Leaders' Analysis
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