Global Burn Ointment Market Insights Forecasts to 2030

• The Burn Ointment Market Size was valued at USD 862 Million in 2021.
• The Market is Growing at a CAGR of 5.7% from 2022 to 2030
• The Worldwide Burn Ointment Market Size is expected to reach USD 1.2 Billion by 2030
• Asia Pacific is expected to grow the fastest during the forecast period

The Global Burn Ointment Market is expected to reach USD 1.2 Billion by 2030, at a CAGR of 5.7% during the forecast period 2022 to 2030.

Burn is one kind of a physical injury which occurs due to exposure to heat. The heat can occur due to chemical, electrical, thermal, or electromagnetic energy. The size as well as depth of burn demonstrate the severity of burn injury. There are three types of burn namely first degree, second degree, and third degree burns. The burn injury management is based on the degree of injury. The products which are used in the burn care treatment are biologics, advanced burn care, and traditional burn care. The burn care products are highly used in preventing complications like reduction of scarring risk, control pain, removing dead tissue, regain function, and prevent infection.

Impact of COVID 19 on Global Burn Ointment Market

The COVID 19 outbreak has affected the global burn ointment market negatively which has resulted into the decline  in the number of patients looking for healthcare treatment needed for burns. Moreover, the key market players have reduced their expenses needed on the research and development of the new products in the global burn ointment market. Apart from this, the supply chain has also been disrupted because different countries are allowing export and import of medicines.

Key Market Players

Increasing awareness on various treatment options are propelling the market growth

The rise in the awareness among the customers related to different treatment options regarding burns is one of the key factors driving the market over the forecast period. The healthcare expenditure on burn care is exponentially increasing due to the increasing awareness. Apart from this, the global burn ointment market is rising due toe the rise in the willingness among people to spend more expenses for new advanced blaze wound care products for the patients. In addition, the both private and public organizations are running awareness campaigns to improve the treatment options. For instance, in February 2022, American Burn Association have conducted the National Burn Awareness Week with an aim to reduce burn and life safety educators to unite in sharing burn prevention message.

Key Challenging Factors

Scare is the biggest issue which hampers the global burn ointment market. The production of drugs that are used to treat burns which do not appear to be working for complete eradication of the burn scar. Thus, this factor is going to affect the market growth. Apart from this, the increasing cost related to the advanced burn care products is anticipated to restrain the market growth.

Market Segmentation

Product Insights

The topical antibiotics segment holds the largest market share over the forecast period.

On the basis of product, the global burn ointment market is segmented into topical antibiotics, silver, iodine, others. Among these, the topical antibiotics segment is dominating the market with the largest market share over the forecast period. The segmental growth is mainly attributed due to the increasing usage of the product in home care settings as well as the increasing cases of blaze wounds across the world. Some of the popular antibiotics present in the market are Bacitracin, Mafenide acetate, Mupirocin, Nitrofurazone, Neosporin, Polymyxin B, and Nystatin.

The silver segment is expected to witness the fastest market growth over the forecast period. This ointment is used to treat second and third degree burn wound infections. It is widely used to kill bacteria present in the wounds and prevent its growth. Some of the popular silver based ointments are silver sulfadiazine, silver nitrate, silver foams, silvercel, acticoat, and aquacel-AG.

Depth of Burn Insights

The minor burn segment is dominating the market with the largest market share over the forecast period.

Based on the depth of burn, the global burn ointment market is segmented into minor burns, partial thickness burns, full thickness burns. Among these, the minor burn segment is dominating the market with the largest market share over the forecast period. Minor burns are extreme and it affect at the outermost skin layer. As per the National Center for Injury Prevention and Control, around 1.2 million people in the United States are impacted by blaze wounds across the world which will boost the segmental growth.

The partial thickness burn segment, on the other hand is expected to witness the rapid growth over the forecast period. Partial thickness burns are those which are higher than 10% and less than 30% of the Total Body Surface Area. As per the U.S., FDA, around 40,000 people get admitted in hospital each year due to partial burns.

End Use Insights

The hospital segment owns the highest market share over the forecast period.

On the basis of end use, the global burn ointment market is segmented into hospital, clinics, others. Among these, the hospital segment is dominating the market with the highest market share over the forecast period owing to the rise in the cases of blaze wounds and hospitalization each year. As per the NCBI, around the 4,86,000 people suffer from blaze wound each year. According to CDC, more than 40,000 patients suffering from severe burn get admitted in hospitals in the US.

Hospitals offer advanced blaze wound care ointments which contribute towards the segmental growth. It also offer wide range of treatment options pertaining to blaze wound care.

Regional Insights

North America is dominating the market with the largest market share over the forecast period.

North America is dominating the market with the largest market share over the forecast period owing to the increasing cases of burns and rise in the awareness related to different treatment options of burn wounds which are anticipated to boost the need for blaze wound ointments in the region. Furthermore, the strong presence of key market players in North America are taking strategic initiatives like launch of new products, acquisitions and mergers are going to create growth opportunities.

Asia Pacific, on the other hand is witnessing the fastest market growth over the forecast period owing to the increasing cases of blaze wounds is a major factor improving the market in the region.

Recent Market Developments

• In December 2016, Smith and Nephew have completed its wound care Academy in the Kingdom of Saudi Arabia for enhancing wound care knowledge of healthcare professionals.

List of Key Companies

• M (Acelity Inc.)
• B Braun Melsungen AG
• Coloplast A/S
• ConvaTec Group Plc
• Essity AB (BSN Medical Gmbh)
• Integra Lifesciences (Derma Sciences)
• Investor AB (Mölnlycke Health Care AB)
• Medline Industries, Inc.
• Medtronic Plc. (Covidien)
• Smith & Nephew Plc

Market Segment

This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Spherical Insights has segmented the global Burn Ointment Market based on the below-mentioned segments:

Burn Ointment Market, Product Analysis

• Topical Antibiotics
• Silver
• Iodine
• Others

Burn Ointment Market, Depth of Burn Analysis

• Minor Burns
• Partial Thickness Burns
• Full Thickness Burns

Burn Ointment Market, End Use Analysis

• Hospital
• Clinics
• Others

Burn Ointment Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa