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Burn Ointment Market – By Product Type (Antibiotic, Silver, Iodine), Depth of Burn (Minor, Partial Thickness, Full Thickness), End-use (Healthcare Facilities, Homecare Settings), Distribution Channel (Brick & Mortar, E-commerce) & Forecast, 2024 – 2032
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Burn Ointment Market
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Premium Report Details
Base Year: 2023
Companies covered: 12
Tables & Figures: 152
Countries covered: 23
Pages: 110
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Burn Ointment Market Size
Burn Ointment Market size was valued at USD 1 billion in 2023 and is anticipated to witness growth at a CAGR of 5.9% between 2024 and 2032. The market is experiencing growth driven by the increasing incidence of burns coupled with growing awareness and education.
As burn cases, ranging from minor to severe, continue to rise globally, the demand for burn ointments is surging. A significant contributor to this uptick is accidental burns occurring in households, workplaces, and public venues. According to the World Health Organization, approximately 180,000 deaths annually are caused by burns, with the majority occurring in low- and middle-income countries. Furthermore, industrial accidents, especially in sectors such as manufacturing, construction, and food processing, are amplifying the tally of burn injuries. This escalating trend underscores the urgent need for effective and readily available burn treatment products, propelling the growth of the burn ointments market.
Additionally, the rise of digital platforms and online resources has simplified access to information on burn prevention and burn care. Websites, online forums, and mobile applications offer crucial insights on effectively managing burn injuries. This easy access enables individuals to promptly seek medical attention and use suitable burn ointment products, subsequently boosting market demand.
Burn ointment is a topical medication formulated to treat burns by providing relief from pain, preventing infection, and promoting healing. These ointments are applied directly to the affected area to protect the skin, reduce inflammation, and facilitate the repair of damaged tissue.
Burn Ointment Market Trends
The market is rapidly evolving, driven significantly by advancements in treatment options. These advancements have revolutionized the management of burn injuries, enhancing the effectiveness and efficiency of burn ointments.
Burn Ointment Market Analysis
Based on product type, the market is segmented into antibiotic ointments, silver-based ointments, iodine-based ointments, and other product types. The antibiotic ointments segment held a dominant market share of 39% in 2023.
Based on depth of burn, the burn ointment market is classified into minor burns, partial thickness burns, and full thickness burns. The minor burns segment accounted for the highest market share and was valued at USD 490.5 million in 2023.
Based on end-use, the burn ointment market is categorized into healthcare facilities and homecare settings. The healthcare facilities segment is projected to reach USD 1.2 billion by 2032.
Based on distribution channel, the burn ointment market is categorized into brick & mortar and e-commerce. The brick & mortar segment is projected to reach USD 956.1 million by 2032.
The North America burn ointment market size in 2023 was valued at USD 379.4 million and is predicted to grow at a CAGR of 5.4% over the analysis timeframe.
The U.S. burn ointment market is anticipated to grow at a CAGR of 5.3% to reach USD 561.1 million by the end of the forecast timeframe.
France burn ointment market is projected to grow remarkably in the coming years.
Japan is experiencing high market growth in the burn ointment market.
Burn Ointment Market Share
The burn ointment industry is characterized by the presence of several established and emerging players that offer a variety of products across the globe. The market players compete based on factors such as product quality, innovation, regulatory compliance, customer service, and pricing strategies.
Burn ointment Market Companies
Prominent players operating in the burn ointment industry include:
Burn Ointment Industry News:
The burn ointment market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
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Market, By Product Type
Market, By Depth of Burn
Market, By End-use
Market, By Distribution Channel
The above information is provided for the following regions and countries: