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News

World burn treatment market to be spurred on by bio-advancements

Kalorama Information : 27 November, 2007  (New Product)
A new report by Kalorama Information indicates that the worldwide burn treatment market experienced growth of 7.6 percent from 2001 to 2006, reaching $1.9 billion.
Entitled, ‘Wound Care Markets, Volume II: Burns’ the report predicts that the market will experience a few ups and downs due to price constraints, new technologies, and additional market penetration, but will grow more than $700 million by 2011.

Conventional, mature products continue to generate the majority of sales. However, their growth rate is slow and limited by the maturity of the product and the competition. Advancements in biotechnology, biomaterials, and tissue engineering are expected to drive growth during the forecast period. According to the report, the market should exhibit an overall steady growth rate due to the increasing availability of new therapeutic techniques that result in decreasing healing times and subsequent cost savings.

Revolutionary advances using tissue engineering, growth factors, animal-foetal-cell research, stem-cell research, and gene therapy may offer new hope to patients who experience any type of burn, and the numerous products currently in development appear to be the key to successful growth in this market.

“As the wound care markets mature, partnerships are becoming more prevalent as a means of staving off the status quo,” noted Mary Anne Crandall, the report’s author. “Competitors that offer traditional mature products must look for ways to incorporate advanced wound care products for treating burns into their existing products or to improve the existing products significantly to remain competitive with emerging technologies.”

The 'Wound Care Markets, Volume II: Burns' report focuses on total manufacturers’ revenues from six product categories: anti-infectives, burn injury management, moist dressings, biological dressings, pressure relief, and miscellaneous treatments. The report analyses products in development and on the market, leading competitors, and current issues and trends affecting the industry.
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