The global market for burn care thrives on account of several factors such injuries, accidents, and unregulated industrial activities. Burns can be excruciatingly painful and are a bane for the sufferers, and hence, it is important to ensure quick and effective treatment. The medical fraternity has been on the lookout for better treatment facilities that can swiftly relieve the suffering caused by severe burns. The global market is expected to undergo positive changes in the coming years through the ardent efforts of the healthcare sector. A comprehensive report prepared by the researchers at Transparency Market Research (TMR) throws light on the extrinsic and intrinsic factors that contribute to the growth of the market. The title of the report is ‘Burn Care Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024’.
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The rising spending capacity of the people along with a willingness to spend on burn care is driving the market to fruition. Moreover, the government has been making continual efforts to ensure that the healthcare sector is equipped with the necessary aids to effectuate immediate treatment of burns. In the case of severe burns, the skin may wear out or become patchy leading to further infections. Due to this reason, most people are extra careful about getting their burns treated, and hence, the global market for burns is expected to keep attracting positive demand. On the negative side, the high costs of treatment for burns could be an obstruction for the market.
Some of the key geographical segments identified by the report are the Middle East and Africa (MEA), North America, Asia Pacific (APAC), Europe, and Latin America.
The key players in the market include Coloplast A/S, Derma Sciences, Inc., and Smith & Nephew plc.