Burn care is a major challenge in Latin America, burn injuries are 3rd most leading cause of death from trauma and the 2nd in children younger than 4 years of age that results from an accidental event.
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According to the report Latin America Burn Care Market, published by Market Data Forecast, The Market was worth $ 0.133 billion in 2016 and estimated to reach $ 0.174 billion by the end of 2021 with a growing potential of 6.99%.
It is expected that about a million of burn accidents every year in Brazil, of which 200,000 patients seek hospital care.
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The main reasons for burns in children under the age of 15 are related to accidental events in the home surroundings, of which scald burns or lesions are caused by heated liquid are the main causes responsible for trauma.
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The annual occurrence of burns in Argentina is 10/2000, and accounts for the 3rd cause death among children. However, the high cost of burn care is the major factor inhibiting the growth of market.
The Major factors that attribute to the growth of the Market is due to rising incidence of burns due to lack of awareness in children below the age of 15, growing expenditure in Healthcare leads to usage of skin grafts and advanced dressings, favourable government initiatives, expanding awareness regarding treatment options. The Most Restraining Challenge is increasing the cost of Burn care.
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Latin America Burn Care Market: Segmentation
By Product Type
By Extent of damage
- Superficial Partial Thickness Burn
- Deep Thickness Burn
by End Users
- Home care
Multinational companies are investing mostly on developing new products which enables them to have a competitive advantage. Some of the key players influencing the Latin America Burn care market, by their products and services include Smith & Nephew plc (UK), Acelity L.P (US), 3M Company (US), Molnlycke Health Care (Sweden), Derma Sciences Inc.(US), Medtronic (Ireland), ConvatecInc (UK), Coloplast A/S (Denmark) .
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The Latin America Burn Care Market Report provides:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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