The global burn care market growth is projected to progress at a CAGR of 5.74% during the forecast period, 2021-2028. The main growth drivers include the growing incidence of burn injuries, the advancements in burn care products, and the incorporation of industrial safety regulations.
Advanced burn care products, traditional burn care, and burn care biologics are used to treat burns of varying degrees. One of the key factors driving the global burn care market growth is the incorporation of industrial safety regulations. Employees are exposed to sparks, electrical currents, open flame, various heat sources, and flammable gases and chemical gases in several workplaces. The US OSHA (Occupational Safety and Health Administration) has set regulations and standards for fire and burn safety in the workplace regarding the handling and using hazardous chemicals and gases.
Further, the European Burns Association in Europe is a non-profit organization that promotes and studies the prevention of burn injuries. A few European countries have their own approved standards for some steps in clinical burn treatment. However, the high costs and low reimbursements restrict the market growth.
The global burn care market growth analysis includes the assessment of the Asia-Pacific, Europe, North America, and Rest of World. North America has the major revenue share as of 2020. This is due to the ease in the availability of burn care products, the growing demand for burn care products, and the increasing burn injury incidences.
The majority of the market share is under the control of a few market participants. Some of the well-established players in the market include Cardinal Health Inc, ConvaTec Group Plc, DeRoyal Industries Inc, Coloplast, Dukal Corporation, etc.
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