Burn Ointment Market: Global Industry Analysis and Forecast (2023-2029)

Burn Ointment Market size was valued at US$ 971.87 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 6.1% through 2023 to 2029, reaching nearly US$ 1471.01 Mn.
Burn Ointment Market Overview:
Over-the-counter burn ointments, such as Polysporin or Neosporin, are available. They are, nonetheless, indicated in some situations. In the United States, the Neosporin Plus brand of first-aid ointments/antiseptics sold roughly 14.6 million units in 2019. The CeraVe brand, on the other hand, sold around 600,000 units. Topical Antibiotics, Silver, and Iodine are the product types of the burn ointment. Minor Burns, Partial Thickness Burns, and Full Thickness Burns are the types of the depth of burn of the burn ointment market. Hospital, and Clinics are some of the end-user of the burn ointment.

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COVID-19 Influences on the Market:
The current COVID-19 pandemic has a negative impact on market growth. The number of patients seeking medical care for burns has decreased as a result of the outbreak. In addition, the industry's overall investment on research and development of new products in this market has decreased. The supply chain has also been interrupted, with some countries permitting only necessary pharmaceuticals to be imported and exported. Industry participants are expected to come up with a fresh solution to solve the existing situation in order to resume their presence in the market.
Burn Ointment Market Dynamics:
Burns are becoming more common, and people are becoming more aware of treatment choices, which are driving the market forward. According to data published by the World Health Organization (WHO) in 2018, burns cause 265,000 fatalities globally each year on average. The majority of these deaths occur in low- to middle-income countries, with Southeast Asia accounting for half of all deaths. Furthermore, each year, around 1,000,000 adults in India and 173,000 children in Bangladesh are moderately or seriously burned. It further stated that roughly 4,500 burn victims and 10,000 flame wound sufferers die in the United States each year.

The patient population for wound care and treatment has surged as a result of the significant increase in the frequency of blaze incidents. During the forecast period, this is expected to drive demand for flame wound ointment. The American Burn Association (ABA) reports that blaze wounds account for 43.0 % of all burn admissions to burn centres. Scalding is caused by hot liquids or gases and is most usually caused by bathing or showering in high-temperature tap water, hot cooking oil, steam, or hot drinks. Accidental burns are especially dangerous for children. The severity of the flame wound is determined by the number of impacted layers of skin.

The demand for diverse treatment choices is increasing as a result of the rising rates of blaze wounds, and as a result, overall healthcare expenditure on blaze wound care is increasing. Advanced dressings, biologics, and standard basic wound care products are all choices for treatment. In hospitals and home care settings, burn ointments are utilised as first aid.

Increasing public awareness about various treatment choices for burn wound care is another major factor boosting the market over the forecast period. The market is also picking up steam as individuals become more prepared to spend more and choose new improved blaze wound care treatments, particularly in the case of burn victims. Topical antibiotics, silver, and iodine-based burn ointments are among the many options on the market.
Burn Ointment Market Segment Analysis:
Based on the Product, the market is segmented into Topical Antibiotics, Silver, Iodine, and Others. Topical Antibiotics segment is expected to hold the largest market shares of xx% by 2029. The significant use of this product in home-care settings, as well as the rising prevalence of burn wounds around the world, is driving segment growth. Mafenide acetate, Bacitracin, Mupirocin, Neosporin, Polymyxin B, Nitrofurazone, and Nystatin are some of the topical antibiotics available on the market. These are the factors that are expected to boost the growth of the Topical Antibiotics segment in the Burn Ointment market during the forecast period 2023-2029.

Silver based ointment segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. This ointment is used to treat burn wound infections in the second and third degrees. Silver based ointment is used to eliminate bacteria on wounds and prevent them from growing. Silver nitrate, Silver sulfadiazine, Acticoat 7, Aquacel-Ag, Silvercel, and Silver amniotic membrane are some of the silver-based ointments.

Based on the Depth of Burn, the market is segmented into Minor Burns, Partial Thickness Burns, and Full Thickness Burns. Minor Burns segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Minor burns are only visible on the surface of the skin and harm only the top layer. A mild burn is defined as one that burns less than 10% of the total body surface area (TBSA). According to the National Center for Injury Prevention and Control, flame wounds impact 1.2 million persons in the United States each year. During the forecast period, this is expected to raise demand for ointments to treat minor blaze wounds.

Partial Thickness Burns segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Burns that are larger than 10.0 % of total body surface area but less than 30.0 % of total body surface area are referred to as partial thickness burns (TBSA). The dermis and epidermal layers of the skin are affected by partial burns. Because these burns are significant and carry a high risk of infection, they should be treated appropriately in collaboration with a medical practitioner. According to the United States Food and Drug Administration, around 40,000 people are hospitalised each year as a result of partial burns.`
Burn Ointment Market Regional Insights:
North America region is expected to dominate the Burn Ointment market during the forecast period 2023-2029. North America region is expected to hold the largest market shares of xx% by 2029. Because of its well-established healthcare infrastructure and the rising incidence of burns, the United States is expected to hold a significant market share in the North American region. According to the American Burn Association's 2018 report, over 300 children are seen in emergency departments in the United States every day, and roughly two children die from burn injuries. Children under the age of 16 account for roughly 26% of all burn centre admissions in the United States. In addition, according to a research issued by the National Center for Biotechnology Information (NCBI), about 486,000 people are injured by fire every year.

Burn ointment demand is expected to be driven by a high incidence of burns. Furthermore, the presence of prominent competitors in this region who are focused on planned activities such as product launches and mergers and acquisitions is assisting the market's growth. As a result of the factors listed above, the burn ointment market in the United States is expected to be one of the largest and continue to develop in the forecast period.

Asia Pacific region is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. According to the World Health Organization, the Western Pacific region has a 20-fold greater rate of burn wounds that require rapid medical attention than the Americas. A major reason driving the market in this region is the rise in the number of burn wounds. The availability of supportive government programmes such as the Asia Pacific Burn Congress, as well as a large number of untapped prospects, are expected to drive market growth in the region during the forecast period 2023-2029.

The objective of the report is to present a comprehensive analysis of the Global Burn Ointment Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Burn Ointment Market dynamic, structure by analyzing the market segments and project the Global Burn Ointment Market size. Clear representation of competitive analysis of key players by Product Type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Burn Ointment Market make the report investor’s guide.
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Burn Ointment Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 971.87 Mn.


Forecast Period 2023 to 2029 CAGR:
6.1%
Market Size in 2029:
US $ 1471.01 Mn.


 Segments Covered:
by Product
Topical Antibiotics
Silver
Iodine
Others


by Depth of Burn
Minor Burns
Partial Thickness Burns
Full Thickness Burns


by End-Use
Hospital
Clinics
Others



Burn Ointment Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Burn Ointment Market Key Players:
1. Johnson & Johnson
2. Sun Pharmaceutical Industries Ltd.
3. Dr.Morepen
4. Smith & Nephew
5. ConvaTec Inc.
6. GlaxoSmithKline PLC (GSK)
7. Pfizer, Inc.
8. Perrigo Company PLC
9. Sun Pharmaceutical Industries Ltd.
10. Cipla Limited
11. Mankind Pharma Ltd.
12. Kinetic Concepts, Inc.
13. Anika Therapeutics
14. B. Braun Melsungen AG
15. Cardinal Health
16. Integra LifeSciences Corporation

Frequently Asked Questions:

1] What segments are covered in Burn Ointment Market report?
Ans. The segments covered in Burn Ointment Market report are based on Product, Depth of Burn, and End-Use.

2] Which region is expected to hold the highest share in the Burn Ointment Market?
Ans. North America is expected to hold the highest share in the Burn Ointment Market.

3] Who are the top key players in the Burn Ointment Market?
Ans. Johnson & Johnson, Sun Pharmaceutical Industries Ltd., Dr.Morepen, Smith & Nephew, and ConvaTec Inc. are the top key players in the Burn Ointment Market.

4] Which segment holds the largest market share in the Burn Ointment market by 2029?
Ans. Topical Antibiotics segment hold the largest market share in the Burn Ointment market by 2029.

5] What is the market size of the Burn Ointment market by 2029?
Ans. The market size of the Burn Ointment market is expected to reach US $1471.01 Mn. by 2029.

6] What was the market size of the Burn Ointment market in 2022?
Ans. The market size of the Burn Ointment market was worth US $971.87 Mn. in 2022.