Burn Care Market Hits USD 85.05 Billion By 2025: By Grand View Research, Inc.
The global burn care market is expected to reach USD 2.98
billion by 2025, according to a new report by Grand View Research, Inc.
Increasing incidence of burn injuries is anticipated to fuel the demand for
cost-effective treatment over the forecast period. The introduction of advanced
treatment options such as reconstructive surgery and skin graft or bio membrane
are expected to upsurge the demand for these products over the coming years.
Favorable government initiatives
such as reimbursement policies that cover almost 70% to 100% of the treatment
cost, upsurge the adoption of advanced wound care products during the forecast
period. In addition, government organizations including the World Health
Organization (WHO) and nonprofit organizations like the American Burn
Association (ABA) are contributing toward raising awareness amongst consumers,
which is anticipated to contribute to the growth of the market.
For instance, the WHO entered
into a collaborative agreement with the International Society for Burn Injuries
to develop the strategies for improving care & prevention of incidence at a
global level. Furthermore, various nonprofit organizations undertake
initiatives such as the British Burn Association offers knowledge on best cure
and rehabilitation available and the Canadian Association of Burn Nurses
provides assistance for the remedy of patients.
U.S. burn care market revenue by product, 2014 - 2025
(USD million)
Browse full research
report on Burn Care Market: http://www.grandviewresearch.com/industry-analysis/burn-care-market
Further Key Findings From the Study Suggest:
- The advanced
dressing segment dominates the overall product segment as of 2016 due to
higher adoption by consumers
- Biologics
treatment option is expected to exhibit higher growth during the forecast
period due to the benefits offered with its usage such as accelerated
wound healing
- Partial-thickness
wound segment is anticipated to showcase the highest growth owing to the
rising number of injury cases because of fire, which damage more than 15%
of their body
- The
outpatient care unit segment is anticipated to grow at the fastest CAGR in
coming years as the minor and partial-thickness wounds do not require any
hospital admissions
- The Asia
Pacific market is projected to witness fastest growth due to rising
incidence of burn cases coupled with growing awareness pertaining to the
available cure
- The industry
is facing strong competition as the major players are focusing on the
development of technologically efficient treatment options
- Companies are
focusing toward strategies such as the distribution channel enhancement
and product portfolio expansion to gain competitive advantage over the
forecast period
Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-burn-care-market
About Grand View Research,
Inc:
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
For more information: http://www.grandviewresearch.com
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