Global Burn Ointment Market is expected to reach $XX Mn by 2026 from $XX Mn in 2019, at a CAGR of 6.1% during forecast period.
Global Burn Ointment Market

Global Burn Ointment Market Overview:

Antibiotic creams are commonly used as burn ointments to help prevent infection at the burn site. Burn ointments, such as Polysporin or Neosporin ointments, are available over the counter. They are, however, prescribed in some circumstances.
Dynamics:

Rising cases of domestic burn cases is expected to primarily drive the market growth.

Factors such as the increased occurrence of burn injuries, advancements in burn care products, rising awareness about burn care, and rising healthcare expenditures are all projected to enhance the burn care market's growth throughout the forecast period. Burn injuries are becoming more common, which will aid in the growth of the healthcare analytical testing services market. The term "burn" refers to an injury to the skin or tissue caused by heat, radiation, electricity, or chemicals. Hot liquids and fire are the most common causes of burns, but drunkenness, smoking, and interpersonal aggression can also cause burns.

According to data published by the World Health Organization (WHO) in 2018, burns cause an average of 265,000 fatalities worldwide each year. The entire healthcare spending on burn care is also increasing as a result of increased awareness. The market is also growing due to people's rising readiness to spend more and choose new improved blaze wound care solutions, particularly in the case of burn sufferers. However, the burnt ointment's negative effects, such as skin necrosis, itchy skin, redness, and so on, are predicted to be a substantial restraint on the market.

The report has profiled fifteen key players in the market from different regions. However, report has considered all market leaders, followers and new entrants with investors while analyzing the market and estimation the size of the same. Increasing R&D activities in each region are different and focus is given on the regional impact on the cost, availability of advanced technology are analyzed and report has come up with recommendations for future hot spot in APAC region.
Global Burn Ointment Market Segment Analysis:

The Global Burn Ointment Market is segmented on the basis of Product, Depth of Burn and End-Users.

Based on Product, the Topical Antibiotics segment is expected to dominate the global market during the forecast period. The high acceptability of burn ointment products in home-care settings and the rising prevalence of burns around the world are two important factors driving this segment's growth. The generally recognised topical antibiotics burn ointment include Mafenide acetate, Bacitracin, Mupirocin, Neosporin, Polymyxin B, Nitrofurazone, and Nystatin. In 2019, topical antibiotics had the greatest market share of 35%, and it is expected to rise significantly throughout the projected period. More than 200,000 instances are reported each year, costing the Australian community USD 150 million. Initial burn therapy using an ointment is generally beneficial, and it is preferred over dressings or other treatments.

The silver ointment, on the other hand, is expected to grow the most from 2020 to 2026. It's used to treat infections induced by burns in the second and third degrees. It stops the wound from growing by destroying the microorganisms that cause it. It is used to eliminate bacteria on wounds and prevent them from growing. Silver nitrate, Silver sulfadiazine, Silver foams, Flammacerium, Acticoat 7, Aquacel-Ag, Silvercel, and Silver amniotic membrane are some of the silver-based ointments.

Global Burn Ointment Market

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Based on Depth of Burn, the Minor Burn segment is anticipated to hold dominant market share during forecast years. In 2019, the minor burn sector led the market, with a market share of 42%. 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 Centre for Injury Prevention and Control, flame wounds impact 1.2 million people in the United States each year.
Global Burn Ointment Market Regional Insights:

Global Burn Ointment MarketNorth America dominated the global market in 2019.

In 2019, North America dominated the market and had the highest revenue share. Burns are becoming more common, and people are becoming more aware of the many treatment choices for burn wounds, which is expected to enhance the demand for blaze wound ointments in this region. According to the American Burn Association's 2018 report, over 300 children are seen in emergency departments in the United States every day, with roughly two children dying from burn injuries.

Children under the age of 16 accounts for roughly 26% of all burn center admissions in the United States. Furthermore, the presence of prominent competitors in this area 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 aforementioned factors, the burn ointment market in the United States is predicted to be one of the largest and continues to rise.

The report also helps in understanding Global Burn Ointment Market dynamics, structure by analyzing the market segments and project the Global Burn Ointment Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Burn Ointment Market make the report investor’s guide.
Global Burn Ointment Market Scope: Inquire before buying

Global Burn Ointment Market
Global Burn Ointment Market, By Region:

• North America
• Europe
• South America
• MEA
• APAC
Global Burn Ointment Market, Key players:

• Johnson & Johnson
• Sun Pharmaceutical Industries Ltd.
• Dr.Morepen
• Smith & Nephew
• ConvaTec Inc.
• GlaxoSmithKline PLC (GSK)
• Pfizer, Inc.
• Perrigo Company PLC
• Sun Pharmaceutical Industries Ltd.
• Cipla Limited
• Mankind Pharma Ltd.
• Kinetic Concepts, Inc.
• Anika Therapeutics
• B. Braun Melsungen AG
• Cardinal Health
• Integra LifeSciences Corporation
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