The global burn care market is anticipated to grow at a CAGR of 7.2% during the forecast period (2024-2031). The growing incidence of burn cases like fire, chemical, electrical, and radiation drives the growth of the global market. According to WHO an estimated 180,000 fatalities every year are caused by burns. In low and middle-income countries, burns stand out as the primary contributor to the loss of disability-adjusted life years (DALYs).
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For instance, annually, close to 173,000 children in Bangladesh experience moderate to severe burn injuries, underscoring the urgent need for comprehensive efforts to address and mitigate the impact of these incidents on public health. Moreover, children under 5 years of age in the WHO African Region over 2 times the incidence of burn fatality than children under 5 years of age globally.
Burn injuries require medical care nearly 20 times higher in the WHO Western Pacific Region than in the WHO Region of the Americas. According to the American Burn Association (ABA), over 60.0% of acute hospital admissions in the US are associated with burn injuries. This statistic highlights the substantial impact of burn incidents on healthcare resources and underscores the importance of addressing and preventing such injuries in the context of public health.
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Increasing focus on research and development in this market sector creates opportunities for new and innovative products. Products that are easy to use and can be self-administered are in increasing demand in the market.
Recent Advancement in the Burn Care Market
- The rising awareness of first aid in case of burn care among individuals is another important factor expected to contribute significantly to the market growth. International healthcare agencies and regional government organizations like WHO (World Health Organization), Massachusetts Medical Society, International Society of Burn Injuries, and other Regional Healthcare Ministries and various other agencies have issued numerous publications and guidelines in case of burn management. For instance, BARDA, received FDA approval for a thermal burn medical countermeasure, NexoBrid, partnered with MediWound, Ltd. BARDA’s Burn and Blast Program, within the Division of Chemical, Biological, Radiological, and Nuclear (CBRN) medical countermeasures (MCMs), has engaged with the American Burn Association (ABA) since 2012. During collaboration with the ABA, BARDA identified debridement as a critical challenge in burn care delivery, especially after a mass casualty incident.
- Market players are developing a new program regarding unmet medical needs in the burn and skin repair market. Program to conduct clinical trials, simplify regulatory procedures, and speed up the process of bringing new products to the market. For instance, in November 2023, ChitogenX Inc. launched a new development program targeting significant unmet medical needs in the burn and skin repair market. Program potentially allow clinical trial development program, streamlined regulatory process, and faster path to commercialization”.
The major companies serving the burn care market include 3M Co., ConvaTec Group Plc, Johnson & Johnson Services, Inc., Smith & Nephew Plc, Cardinal Health, Inc., and others. The market players are considerably contributing to the market growth by adopting various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in May 2020, Safeguard Medical, a provider of life-saving products and services to first responders, acquired Water-Jel Technologies, the provider of emergency burn care products. The acquisition expanded Safeguard Medical’s robust portfolio of life-saving products, comprehensive kitting capabilities, and advanced training programs.
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