The global burn ointment market size was USD 991.7 Mn in 2022 and is likely to reach USD 1615.5 Mn by 2031, expanding at a CAGR of 6.3% during 2023–2031. The market growth is attributed to the rising burn incidences and increasing awareness about the benefits of ointment in curing burns among patients across the globe.
A burn ointment is a thin layer of antibiotic that keeps skin safe from bacteria. Burn ointment is a topical remedy that is applicable to burnt areas and aid to prevent infections. Burn ointment is of two types such as ointments and creams, it induces folic acid, a nutrient of bacterial multiplication. The application of burn ointment protects the skin and creates a layer so that the dressing doesn’t stick to the skin.
Skin burn is mainly caused by external sources such as heat, chemicals, and radiation that may result in different levels of burn damage. Children are at high risk across the globe. Symptoms are classified from minor to life-threatening, depending on the size and degree of the burn. In general, the level of burn is classified as first degree, second degree, third degree, as per the damages caused to one or multiple layers of skin and flesh.
Burns can be divided into minor medical issues and life-threatening emergencies. Burns can be treated according to the severity of the injury. Minor burn or sunburn can be treated at home using some natural remedies similar to aloe vera, Vaseline, and cool water. Immediate medical attention is to be given for severe burns. There are a wide range of topical products used for wound healing some of them are bacitracin and silver sulfadiazine.
COVID-19 Impact on Burn Ointment Market
The market report finds that due to COVID-19 pandemic affected the burn ointment market. The supply chain also been disturbed, as most of the healthcare establishments restricted burn patients desired for medical attention. Exposure to infection is expected to create more problems for the patient.
Burn Ointment Market Dynamics
The research report presents a complete market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global burn ointment market report has up-to-date insights about market scenarios that can shape the overall market performance and condition during the forecast period, 2023 to 2031.
What are the Trends in Burn Ointment Market?
Increasing Awareness About Different Burn Care Services
The increasing awareness about different treatment options related to burns among people is anticipated to drive the market during the forecast period. Furthermore, increasing awareness, generally, healthcare expenses on burn care are increasing. The advanced blaze wound care products market is growing, due to an increase in awareness among people. The organizations create awareness and training programs to educate people about advanced treatment options.
What are the Drivers of Burn Ointment Market?
Rising Burn Incidences Globally
Major burn incidence occurs mostly in females and children, due to fire, chemicals, hot liquid, sunlight, and electrical currents, increasing the need for treatment. The organizations focused on awareness of various types of burn treatment among people, as per the severity of the injury.
Increasing Awareness About the Benefits of Burn Ointment
Increasing awareness about the benefits and curing burns among patients across the globe. Overall expenses of healthcare on burn treatment is increasing, due to rising awareness and benefits of burn treatment. Educating people about various degrees of burns and related treatment by taking sessions and training.
What are the Restraints of Burn Ointment Market?
Rising Treatment Cost and Production
Increasing incidence of burn, the demand for various treatments is increasing, due to which the cost of treatment and production is increasing. There are various treatment options for burns include advanced dressings, traditional burn care products, biologics. The side effects affiliated to burn ointments, including itchy skin, redness, and irritation is anticipated to be the major restraint factor of the market.
What are the Opportunities in Burn Ointment Market?
Increasing Number of Research and Development Projects
The topical treatment for burn wounds is estimated to support the growth of the burn ointment market over the forecast period, due to an increase in the number of research and development projects. The market is rapidly growing, as increase inclination among people to accept new advanced blaze wound care products.
Scope of Burn Ointment Market Report
The global burn ointment market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Burn Ointment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2020–2021
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Forecast Period
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2023–2031
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Segmentation
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Product (Silver, Topical Antibiotics, Iodine, and Others), Depth of Burn (Full Thickness Burns, Partial Thickness Burns, and Minor Burns), and End-user (Clinics, Hospitals, and Others)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast
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Key Players Covered in the Report
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Johnson & Johnson; 3M; Integra LifeSciences; Smith & Nephew; and Convatec Inc.
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Burn Ointment Market Segment Insights
What are the Key Factors Driving the Topical Antibiotics Segment?
Rising Awareness Regarding the Benefits of Topical Antibiotics
Based on product, the burn ointment market is divided into silver, topical antibiotics, iodine, and others. The topical antibiotics segment is expected to expand at a significant growth rate during the projection period. Topical antibiotics aid in preventing infection produced by bacteria, and are used to treat skin disorders are eczema and leg ulcers.
Numerous types of topical antibiotics are accessible such as gentamycin, mupirocin, and bacitracin. The segment growth is further attributed to rising revenues during the forecast period. The iodine segment is anticipated to hold a key share of the market in the coming years. Iodine is one of the major effective and safe antiseptic agents, that improve in reliving wound especially burn wounds and persistent ones. The segment growth is further attributed to rising in the use of iodine for dressing.
What are the Key Factors Driving the Full Thickness Burns Segment?
Increasing Adoption of Iodine-based Ointments
On the basis of depth of burn, the global market is segregated into full thickness burns, partial thickness burns, and minor burns.
The full thickness burns segment is projected to register a considerable CAGR during the forecast period. Full- thickness burns or third-degree burns affect all layers of the skin, and may puncture the deeper layer of fat just beneath the skin. The treatment is depended on the severity and according to the area injured. However, full-thickness burns need hospitalization for better treatment. The segment growth is further attributed to the increasing adoption of iodine-based ointments.
The partial thickness burns segment is anticipated to account for a major market share in the coming years. Partial thickness or second-degree burns affect the upper two layers of the skin, known as the hypodermis and epidermis. Partial thickness burns are significant and are at major risk of growing disease or other problems. The segment growth is further attributed to the boost in the demand for various treatment options.
Why is the Demand for Burn Ointment High in North America?
Presence of Key Manufacturers and Their New Strategies
In terms of region, the global burn ointment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.
North America is expected to dominate the market during the projected period. Driving cases of burns and increasing awareness with regard to numerous treatments of burn injury are anticipated to boost demand for blaze injury ointments. The market in the region is propelling, due to the presence of key manufacturers and their new strategies and leads such as the launching of new products and mergers and acquisitions.
The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, owing to the appearance of supportive government taking initiative and creating awareness among people regarding burn care treatment and rising number of hospitals. The regional market growth is also attributed to the launching of new products and the rise in health management better.
Segments
The global burn ointment market has been segmented on the basis of
Product
- Silver
- Topical Antibiotics
- Iodine
- Others
Depth of Burn
- Full Thickness Burns
- Partial Thickness Burns
- Minor Burns
End-user
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Player
Competitive Landscape
Key players competing in the global burn ointment market are Johnson & Johnson; 3M; Integra LifeSciences; Smith & Nephew; and Convatec Inc. These major companies adopt various business development strategies including mergers, acquisitions, partnerships, collaboration, product launches, and production capacity expansion to expand their consumer base and enhance their market share.
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