The burn care market is expected to reach USD 2.33 billion by 2021 from USD 1.68 billion in 2016, at a CAGR of 6.8% from 2016 to 2021. Market growth can be attributed to factors such as rising incidence of burns, increasing healthcare expenditure, favorable government initiatives, increasing number of emergency centers and burn units, and growing awareness regarding treatment options. However, high cost of burn care treatments and products is the major factor challenging the growth of this market.
In this report, the Global Burn Care Market has been segmented on the basis of product, depth of burn, end user, and region. Based on product, the market is segmented into advanced burn care, biologics, traditional burn care, and other burn care products. Among these, the advanced burn care products segment is expected to account for the largest share of the market in 2016; while, the biologics segment is projected to witness the highest CAGR from 2016 to 2021.
Based on the depth of burn, the burn care market is segmented into minor, partial-thickness, and full-thickness burns. The partial-thickness burns segment is expected to account for the largest share in 2016, owing to the increasing usage of advanced dressings and biologics such as skin grafts and substitutes.
On the basis of end users, the burn care market is segmented into hospitals, physician clinics, home care, and other end users. The hospitals segment is expected to account for the largest share of the market in 2016. The increasing incidence of burn injuries and advancement in burn care products & treatments are contributing to the large share of this market segment.
Geographically, the burn care market is dominated by North America, followed by Europe, Asia, and the Rest of the World (RoW). Factors such as increasing demand for biologics like skin grafts and its substitutes and high usage of advanced dressings in the U.S. are driving growth in the North American burn care market.