Burn Ointment Market|Sun Pharmaceutical Industries Ltd,Smith & Nephew & Johnson & Johnson

 



To treat burn wounds, burn ointments are specially developed based on the extent of the burn. Burn is a sort of physical injury caused by heat contact that can be thermal, electrical, chemical, or electromagnetic, resulting in the death of skin cells and a severe burning sensation on the skin. Burns are divided into three categories: first-degree, second-degree, and third-degree.

The extent and intensity of burn damage determines the degree of damage. Hot liquids and fumes induce scalding, which is commonly caused by hot bath water, drinking water, steam, hot beverages, and cooking oil. Accidental burns, on the other hand, are fatal to infants. The severity of the burn dictates how it is treated.

Attractive insurance plans and an increase in the incidence of burn occurrences are driving the worldwide burn ointment market. Furthermore, increased awareness of various care services is expected to drive the global market's growth.

The market for cost-effective ointments is expected to grow as the number of burn wounds rises. Burns cause about 180,000 deaths per year, according to WHO estimates, with the majority of these deaths occurring in poor and medium-income nations. The worldwide burn ointment market is restrained by fear, which is a serious issue. Drug advancements in the treatment of burns do not appear to be effective in removing the burn scar completely.

Due to the presence of well-established healthcare infrastructure and growth in the incidence of burns, the United States is expected to account for a large share of the market in North America during the projected period. According to the American Burn Association's 2018 report, over 300 children are admitted to emergency departments in the United States every day, with roughly two children dying from burn injuries. In the United States, children aged 16 and younger account for roughly 26% of all burn center admissions. As a result, a high incidence of burns is expected to stimulate demand for burn ointment. These factors are expected to promote the market's growth in the near future in the United States.

Increased burn cases are driving the market in the Asia Pacific. During the forecast period, the burn ointment market in the area is expected to rise at a quick rate. According to WHO, the rate of flame wounds requiring immediate medical attention is roughly 20 times higher in the Western Pacific than in the Americas. Burn injuries are prevalent and costly, according to a 2017 research by the Royal Australian College of General Practitioners. Every year, over 200,000 cases of burn injuries are reported in Australia, costing the government over $150 million. Another important element driving the market in the region is the rise in the number of burn wounds.

The following are the major players in the worldwide burn ointment market:

  • Johnson & Johnson is a pharmaceutical company based in the United States
  • Sun Pharmaceutical Industries Ltd. is a pharmaceutical company based in the United Kingdom.
  • Morepen, Dr. 
  • Smith & Nephew is a family-owned and operated business.

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