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North America Burn Care Market Forecast 2021-2028

KEU FINDINGS

The North America burn care market is set to register a CAGR of 5.94% during the forecast period, 2021-2028. The increasing number of R&D activities, surging government investment in the healthcare system, the rising awareness among individuals towards the usage of burn care products, and the easy availability of burn care products propel market growth.

MARKET INSIGHTS

Canada and the United States are assessed for the North America burn care market growth analysis. In Canada, around 45,000 burn injuries occur every year, with almost 2000 patients requiring hospitalization. The treatment of burn injuries incurs high costs to both healthcare and society, resulting in $172 million in indirect costs and $118 million in direct costs from a total of $290 million. Also, the availability of advanced wound care products is beneficial for market growth.

Further, one of the major complications in burn wounds is infection. Almost 75% of the total deaths following burn injury are related to infections. The country lacks standardization in terms of selecting appropriate healthcare providers for wound identification and management, as per Wounds Canada. Hot tap water is the most common cause of burn injury in the country. Most children and the elderly are vulnerable to these burns. Thus, the increasing incidence of burn injuries is set to drive market growth.

COMPETITIVE INSIGHTS

Some of the leading companies in the market are Integra Lifesciences Holdings Corporation, Johnson & Johnson (Ethicon Inc), Dukal Corporation, Essity AB, etc.

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North America Burn Care Market Forecast 2021-2028
Published By :Inkwood Research
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