(PharmaNewsWire.Com, June 10, 2017 ) The Europe Burn Care Market was worth $ 0.467 Billion in 2016 and estimated to reach $ 0.59 Billion by the end of 2021 with a growing potential of 6.3 %. Burn injuries present many challenges to various range of health care professionals who encounter them worldwide. The European Burns association describes burn injury as a complex trauma needing multidisciplinary and continuous therapy.
Most companies focus on developing new products which helps to reduce the cost of treatment. The strategy of new product launches accounted for the largest share of the overall growth strategies mapped from 2016 to 2021. In Europe, almost 50% patients of burn injuries were younger than 16 years, and similar to that 60% were male patients. Flames, scalds, and contact burns are the most dominant causes in the total population, but in children, scalds clearly are the most prevalent causes.
The Major factors that focuses on growth of the Market is rise in the incidence of burns, growing Healthcare expenditure, favourable government initiatives, growing awareness in treatment options. Favourable government initiatives in UK are driving the growth in Europe. The annual incidence of burns is 0.2 to 2.9/10,000 inhabitants with a declining trend in time due to growing awareness in usage of biologics and its substitutes.
The Europe Burn Care Market is majorly categorized into Products (Advanced dressings, Biologics, Traditional). Among these, the advanced burn care products segment is expected to hold the largest share of the market, Germany is going to have the highest share in the market during the forecast period. While, the biologics segment is expected to witness the highest CAGR from 2015 to 2020 with U.K witness the highest growth in the market. Extent of damage (Minor, Partial Thickness, deep partial thickness burn), End users (Hospitals, Clinics and Home care) Among these majority of the patients are treated in outpatient clinics and depending on the severity of the burn the patients requires inpatient treatment. The Europe burn market is analyzed under various regions namely UK, Spain, Germany, Italy and France.
Some of the Key Players that have been operating in burn care market in Europe are Smith & Nephew plc (U.K.), Acelity L.P (U.S.), 3M Company (U.S.), Molnlycke Health Care (Sweden), Derma Sciences Inc.(U.S.), Medtronic (Ireland), Coloplast A/S (Denmark), Convatec Inc (U.K.).
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