The burn care centers market size is expected to reach USD 32.73 billion by 2030 according to a new study by Report Ocean. Report Ocean presents a new report on burn care centers market size, share, growth, industry trends, and forecast 2030, covering various industry elements and growth trends helpful for predicting the market’s future.
The report “Burn Care Centers Market Report- Segment Forecast, 2021 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
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In 2020, the in-patient type market segment accounted for the largest share of the burn care center industry and is expected to witness the fastest market growth rate over the forecast period, owing to the rise in mass casualties in fire and the continuously rising mortality rate across the globe. Though in-patient stay is not rising at a significant pace in a few of the countries, its high cost of treatment has largely contributed to its high market revenue share in the burn care centers industry. As per the study done by the World Health Organization, in 2018, countries such as China, UK, Bulgaria, Canada, South Korea, U.S., Sweden, Singapore, Hong Kong, and Mexico have witnessed the rise in the incidence of fire-related events.
COVID-19 Impact
The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the burn care centers market also experienced a slowdown. Statista estimates that the burn care centers market total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the burn care centers market generated revenues of US$ 5.4 trillion at a record high.
The degree of competition among prominent global companies has been developed by analyzing several leading competitors operating globally. In addition, specialist analysts examine various aspects of the burn care centers market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.
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Market participants such as The Metro Health System, Chelsea & Westminster Hospital, Pediatric Burn Care Center, University of Rochester Medical Center, Burn and Reconstructive Centers of America, National Burn Center (India), North Bristol NHS Trust, and University of Washington Regional Burn Center are some of the key players operating in the market for burn care centers.
Companies in the marketplace are launching innovative therapies to address unmet medical needs in severe burn care management. For instance, in May 2019, Israel-based MediWound Ltd signed an exclusive supply agreement with Vericel Corporation to commercialize its product NexoBrid in the U.S.
Product is topically administered biologic to remove scars in people with deep and thick injuries. The product was already approved in the EU and other markets. According to the company’s claims, NexoBrid is considered an excellent strategic fit to capture a larger share in the U.S market for burn care centers.
Segmentation:
Burn Care Centers, Facility Type Outlook (Revenue – USD Million, 2016 – 2028)
In-house
Standalone
Burn Care Centers, Treatment Type Outlook (Revenue – USD Million, 2016 – 2028)
Wound Debridement
Skin Graft
Traction, Splints, Wound Care
Respiratory Intubation and Ventilation
OTC Pain Medications and Bandages
Blood Transfusion
Prophylactic Vaccinations and Inoculations
Rehabilitation
Burn Care Centers, Severity Outlook (Revenue – USD Million, 2016 – 2028)
Minor Burns
Partial Thickness Burns
Full Thickness Burns
Burn Care Centers, Service Type Outlook (Revenue – USD Million, 2016 – 2028)
Inpatient
Outpatient
Rehabilitation
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Burn Care Centers, Regional Outlook (Revenue – USD Million, 2016 – 2028)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Austria
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Central & South America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
How are the key players in the market assessed?
This report provides a comprehensive analysis of leading competitors in the market.
The report includes information about the key vendors in the market.
The report provides a complete overview of each company, including its profile, revenue generation, cost of goods, and products manufactured.
The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.
A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.
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