Home > Healthcare > Pharmaceuticals > Finished Drug Form > Burn Ointment Market

Burn Ointment Market Size

  • Report ID: GMI10747
  • Published Date: Aug 2024
  • Report Format: PDF

A PHP Error was encountered

Severity: Warning

Message: getimagesize(urn Ointment Market Size</h2> <p>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.<br width=): failed to open stream: No such file or directory

Filename: v2_reports/body1.php

Line Number: 435

Backtrace:

File: /home/admin/web/gminsights.com/public_html/application/views/v2_reports/body1.php
Line: 435
Function: getimagesize

File: /home/admin/web/gminsights.com/public_html/application/views/v2_layouts/master_header_footer.php
Line: 1201
Function: view

File: /home/admin/web/gminsights.com/public_html/application/controllers/Reports.php
Line: 703
Function: view

File: /home/admin/web/gminsights.com/public_html/index.php
Line: 305
Function: require_once

A PHP Error was encountered

Severity: Warning

Message: getimagesize(urn Ointment Market Size</h2> <p>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.<br width=): failed to open stream: No such file or directory

Filename: v2_reports/body1.php

Line Number: 435

Backtrace:

File: /home/admin/web/gminsights.com/public_html/application/views/v2_reports/body1.php
Line: 435
Function: getimagesize

File: /home/admin/web/gminsights.com/public_html/application/views/v2_layouts/master_header_footer.php
Line: 1201
Function: view

File: /home/admin/web/gminsights.com/public_html/application/controllers/Reports.php
Line: 703
Function: view

File: /home/admin/web/gminsights.com/public_html/index.php
Line: 305
Function: require_once

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.

 

Burn Ointment Market

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.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The burn ointment market was valued at USD 1 billion in 2023 and is anticipated to witness 5.9% CAGR during 2024-2032, driven by the increasing incidence of burns coupled with growing awareness and education.

The brick & mortar segment of the market is projected to reach USD 956.1 million by 2032, as they provide immediate access to burn ointments, allowing consumers to purchase products quickly and conveniently.

North America burn ointment market size was valued at USD 379.4 million in 2023 and is predicted to grow at 5.4% CAGR during 2024-2032, owing to a well-established healthcare infrastructure.

Ascend Laboratories LLC, Dr. Morepen, GlaxoSmithKline, Green Leaf, Johnson & Johnson, Mankind Pharma, MEDLINE, and Pfizer among others.

Burn Ointment Market Scope

Buy Now


Premium Report Details

  • Base Year: 2023
  • Companies covered: 12
  • Tables & Figures: 152
  • Countries covered: 23
  • Pages: 110
 Download Free Sample