Burn Care Market Size, Share & Trends Report

Burn Care Market Size, Share & Trends Analysis Report By Product (Advanced Dressings, Biologics), By Depth Of Burn (Minor, Partial Thickness), By Cause, By End-use (Hospitals, Outpatient Facilities), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-850-3
  • Number of Pages: 120
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2022
  • Industry: Healthcare

Research Methodology

A three-pronged approach was followed for deducing the burn care market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for burn care market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of burn care market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Burn Care Market Categorization:

The burn care market was categorized into five segments, namely product (Advanced dressing, Biologics, Traditional burn care products), depth of burn (Minor burns, Partial thickness burns, Full thickness burns), cause (Thermal Burns, Electrical Burns, Radiation Burns, Chemical Burns, Friction Burns), end-use (Hospitals, Outpatient Facilities, Home Care, Research & Manufacturing), and regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa).

Segment Market Methodology:

The burn care market was segmented into product, depth of burn, cause, end-use, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The burn care market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-three countries, namely, the U.S.; Canada; the UK; Germany; France; Italy; Spain; Denmark; Sweden; Norway; Japan; China; India; Australia; Thailand; South Korea; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE; and Kuwait

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Burn care market companies & financials:

The burn care market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • 3M - 3M is a global company that creates, produces, and sells a variety of products and services. It operates in four main sectors: transportation & electronics, safety & industrial, healthcare, and consumer goods. The healthcare division offers a range of products and services, including skin health & infection prevention products, oral care solutions, medical tapes & dressings, wound closure products, orthopedic casting materials, stethoscopes, and transdermal drug delivery systems. This division encompasses both medical and surgical care. 3M distributes its products through a mix of direct and indirect channels, which include wholesalers, retailers, dealers, and distributors across various countries. The company has approximately 75 manufacturing plants across 30 states in the U.S. and about 110 manufacturing & converting facilities in around 35 other countries. 

  • HOLLISTER INCORPORATED - Hollister Incorporated is a company that specializes in the development, production, and provision of healthcare products. Their offerings include wound care products, oral endotracheal tube fasteners, and tube attachment devices. In the field of ostomy care, they provide pediatric pouching systems and related accessories. Additionally, they supply urinary drainage collectors, male external catheters, and bowel products like bowel catheter systems & collectors. The company, which was previously known as JDS Printer Craftsman, Inc., underwent a name change in January 1948. 

  • CARDINAL HEALTH - Cardinal Health is a company that specializes in healthcare services, manufacturing a variety of products and offering numerous services. Their offerings span across pharmaceutical packaging & repackaging, the creation of drug-delivery technology, retail pharmacy franchising, and healthcare information systems. Additionally, they provide supply chain management and consulting services tailored to the healthcare industry. Their operations are divided into pharmaceutical products & medical products and supply segments. At present, Cardinal Health has operations in North America, Asia, Australia, Europe, and the Middle East & Africa. 

  • DERMA SCIENCES (INTEGRA LIFESCIENCES) - Derma Sciences Inc., a subsidiary of Integra LifeSciences, is a company specializing in tissue regeneration. Their work focuses on the research and development of solutions for managing chronic and acute wounds, as well as burns. Integra offers products for the treatment of various types of wounds, including venous leg ulcers, pressure ulcers, burns, and diabetic foot ulcers. They utilize a range of technologies in their wound management and closure products, such as the AmnioExcel Amniotic Allograft Membrane, AmnioExcel Plus Placental Allograft Membrane, and MediHoney. 

  • COLOPLAST CORP. - Coloplast Corp., a company based in Denmark, specializes in healthcare products and services. It boasts a distribution network that spans 53 countries, offering a variety of products in the ostomy, urology, continence, wound care, and skin care sectors. Its primary customers include hospitals, pharmacies, wholesalers, and institutions. The company also offers surgical devices to treat serious health conditions like kidney stones, urinary incontinence, and enlarged prostates. Some of its key brands include Assura, InterDry, Titan, Aris, Self-Cath, SpeediCath, Biatain, Freedom Cath, and SenSura. Coloplast Corp. produces its products in facilities located worldwide, with most of the device production taking place in its central facilities in China, France, Germany, Denmark, Hungary, and the U.S. 

  • DEROYAL INDUSTRIES, INC. - DeRoyal Industries, Inc. is a global developer and manufacturer of healthcare products. Their offerings include surgical accessories, orthopedic soft goods, drapes and dressings, equipment covers, safety strips, and blades. They supply wound care products suitable for general wound treatment, burn treatment, and negative pressure wound therapy, in addition to wound care kits. The company also provides a variety of dressings, including antimicrobial and occlusive types such as alginates, hydrogels, hydrocolloids, foams, and other dressings like silver antimicrobial. 

  • SMITH & NEPHEW - Smith & Nephew is a company in the medical technology sector that focuses on the development, production, marketing, and sale of medical services and devices. The company’s services span orthopedics, sports medicine, ENT, and advanced wound care management. The Sports Medicine Joint Repair franchise provides surgeons with a variety of technologies, tools, and implants needed for minimally invasive surgeries on the knee, shoulder, and hip. The company’s arthroscopic enabling technologies include devices necessary for minimally invasive surgery systems. The trauma and extremities segment offers solutions to healthcare professionals for stabilizing severe bone deformities and fractures, and for treating arthritis and soft tissue complications. Their wound care management provides products for the treatment of both chronic and acute wounds, such as diabetic foot, ulcers, burns, and postoperative wounds. At present, Smith & Nephew operates in over 100 countries, including several in South Asia like Indonesia, Thailand, Singapore, Philippines, Malaysia, Maldives, India, and China. 

  • CONVATEC INC. - ConvaTec is a global company that specializes in the creation and production of medical devices and technologies designed to manage both chronic and acute conditions. The company’s product offerings are categorized into several key franchises, including advanced wound care, continence and critical care, ostomy care, and infusion devices. ConvaTec’s product portfolio encompasses a variety of items for infection prevention, continence care, ostomy care, and wound care. Additionally, they offer infusion devices and critical care products that are utilized in the treatment of diabetes and other health conditions. The company operates manufacturing facilities in eight different countries and boasts a distribution network that reaches over 100 countries worldwide. In the realm of wound therapy, ConvaTec focuses on several key areas such as management of acute or chronic wounds, treatment of traumatic wounds and burns, postoperative care, diabetes, and venous diseases. 

  • URGO - Urgo is a company that manufactures and distributes medical devices, with a focus on advanced wound care, wound management solutions, neurotechnology, and a consumer healthcare division. It is a part of the medical division of Laboratories Urgo and is a member of the Urgo Group. The company primarily markets four brands: Humex, Alvityl, Mercurochrome, and Juvamine. Urgo has a direct presence in several South Asian countries, including Thailand, Malaysia, Vietnam, China, and India. Additionally, it operates industrial sites in India and Thailand and maintains a regional office in Thailand. Urgo has established business partnerships and exclusive distribution channels in countries like Indonesia, Cambodia, and the Philippines. At present, the company operates 10 industrial plants globally and has a presence in over 60 countries, with plans to expand into two new countries each year.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Burn Care Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Burn Care Market Report Assumptions:

  • The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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