Booming Burns Treatment Market Predicted to Reach US$ 2.59 Billion by 2033 with Remarkable 8% CAGR | FMI Insights

Burns Treatment Market

The global Burns Treatment Market is expected to garner a market value of US$ 1.2 Billion in 2023 and is expected to accumulate a market value of US$ 2.59 Billion by registering a CAGR of 8% in the forecast period 2023 to 2033. The market for Burns Treatment registered a CAGR of 5% in the historical period 2018 to 2022.

According to the National Center for Biotechnology Information, Approximately 486,000 patients require treatment for burns, and 40,000 require hospitalization within the United States each year. Nationally, 70% of patients who are burned receive burns that comprise less than 10% total body surface area (%TBSA), and 88% of all patients receive a less than 20% TBSA burn

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The growth of the is driven by increased awareness, significant growth in healthcare spending, and a rising incidence of burns. Asia Pacific is a growing market due to a shift towards point-of-care healthcare. The increasing number of hospitals in India and China presents a promising market opportunity globally.

North America is anticipated to acquire a market share of about 25% in the forecast period. This growth is attributable to the rising prevalence of the condition in the region. Furthermore, government initiatives and increase in the number of research partnerships are boosting the market growth across North America.

Key Takeaways from the Market Study

  • From 2018 to 2022, the burn treatment market grew at a CAGR of 5%.
  • The global burn treatment market is expected to grow with a 8% CAGR during 2023 to 2033.
  • As of 2033, the burn treatment Market is expected to reach US$ 2.59 Billion
  • According to the FMI analysis, hospitals account for the largest market share.
  • North America is expected to possess 25% market share for the burn treatment market.
  • The Asia Pacific market is predicted to increase significantly throughout the forecast period, with a CAGR of 5% during the forecast period.

Market Competition

Key players in the Burns Treatment Market are Smith & Nephew, ConvaTec Group, B. Braun Melsungen AG, Molnlycke Health Care, Integra LifeSciences, Coloplast A/S, Paul Hartmann AG, 3M, Acelity L.P. Inc., and Medtronic among other global players.

  • In June 2022, the British Columbia Children’s Hospital, Canada, received about USD 1 million from the BC Professional Fire Fighters Burn Fund to support specialized care for kids with burn injuries.
  • In June 2021, the United States Food and Drug Administration (FDA) approved Avita Medical’s expanded use of the RECELL System in combination with meshed autografting for treating all sizes of acute full-thickness thermal burn wounds for both pediatric and adult patients.

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More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global Burns Treatment Ointment Market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

The study reveals essential insights on the basis of treatment type, degree of burn, & region.

Key Segments Profiled in the Burns Treatment Industry Survey

Treatment Type:

  • Wound Care Dressings
    • Antimicrobial Dressings
    • Hydrocolloid Dressings
    • Hydrogel Dressings
    • Film Dressings
    • Foam Dressings
    • Alginate Dressings
  • Wound Care Therapy
    • Thermal Burn Therapy
    • Negative Pressure Wound Therapy
    • Ultrasound Therapy
    • Hyperbaric Oxygen Therapy
  • Medications
    • Burn Creams & Ointments
    • Anti-infective Drugs
    • Painkillers & Anti-anxiety Medications
    • IV-Fluids & Therapeutic Peptide

Degree of Burn

  • First-degree Burns
  • Second-degree Burns
  • Third-degree Burns

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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