Burn Matrix Devices Market Outlook (2023 to 2033)

The burn matrix devices market size is projected to be worth USD 28.6 million in 2023. The market is likely to surpass USD 45.0 million by 2033 at a CAGR of 4.6% during the forecast period.

Due to the increased prevalence of burns, high demand for skin grafts, expanding public knowledge of available treatment options, and rapid improvements in technology, there is a developing market for burn care products.

One of the main factors boosting the market during the projected period is rising public knowledge of the numerous treatment options available for burn care. As more consumers are prepared to pay more money and choose new, advanced burn care solutions, the market is also accelerating.

Other Drivers Propelling the Demand for Burn Matrix Devices Market include:

  • The rising occurrence of second degree burns is a major factor driving market expansion. In 2018, the World Health Organization projected that burns killed 180,000 people. As a result, the burn matrix devices are meant for the management of second degree burns, which aids market expansion.
  • Chronic wounds, such as diabetic foot ulcers, pressure ulcers, and venous leg ulcers, pose a huge worldwide healthcare burden. Burn Matrix Devices are routinely used to prevent infections and enhance healing in these wounds.
  • Growing awareness level regarding various treatment related to burn care is a key factor driving the market over forecast years.
  • Advancements in burn wound treatment and wound care technologies have also led to a steady increase in the market.

Challenges for Companies /Manufacturers in the Burn Matrix Devices Market:

  • Burn matrix devices are subject to strict regulations, including safety and efficacy standards. Meeting these requirements can be challenging and time-consuming, acting as a restraint for market entry and product development.
  • Developing and commercializing burns matrix devices require significant investments in research, development, and clinical trials. The high costs associated with these activities can deter smaller companies from entering the market, which is limiting the market.

Opportunities in the Burn Matrix Devices Market Industry:

  • The prevalence of burns due to accidents, fires, and other factors remains significant worldwide. This factor provide an opportunities for the burn matric devices market.
  • Technological advancements such as the use of 3D printing, nanotechnology, and tissue engineering presents the opportunities for the development of novel devices.
  • There is an increasing focus on the treatment for the burn and the wound management which is providing the key opportunities to the market.

Latest Trends in the Burn Matrix Devices Market:

  • Increasing adoption of advanced medical technologies and development of healthcare infrastructure along with the growing awareness about burn managements are the key trends of the market.
  • Collaborations and the partnerships between the industries for innovations and acceleration of the burn matrix device development.
Attributes Details
Burn Matrix Devices Market Size (2023) USD 28.6 million
Burn Matrix Devices Market Projected Size (2033) USD 45.0 million
Value CAGR (2023 to 2033) 4.6%

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2017 to 2022 Burn Matrix Devices Market Demand Outlook Compared to 2023 to 2033 Forecast

From 2017 to 2022, the global burn matrix devices market experienced a CAGR of 3.7%, reaching a market size of USD 28.6 million in 2023.

From 2017 to 2022, the global burn matrix devices market industry witnessed steady growth due to the increased awareness and acceptance of burn matrix devices. Government regulations and initiatives promoting patient safety and advanced wound care have facilitated the growth of the burn matrix devices market.

Increasing healthcare expenditure has contributed to the expansion of the market. As healthcare budget increases, there is a greater emphasis on investing in advanced medical technologies, including burn management solutions.

Future Forecast for Burn Matrix Devices Market Industry:

Looking ahead, the global burn matrix devices market industry is expected to rise at a CAGR of 4.6% from 2023 to 2033. During the forecast period, the market size is expected to reach USD 45.0 million by 2033.

The burn matrix devices market industry is expected to continue its growth trajectory from 2023 to 2033. Continued technological improvements are anticipated to increase the accuracy, sensitivity, and usability of burn matrix devices. This might include improvements in biomaterials, regenerative medicine techniques, and tissue engineering, allowing for better wound healing and scar management

As patients and healthcare provider seek less invasive treatment options, the demand for burn matrix devices that promote faster healing and reduce scarring without extensive surgery is likely to increase.

Country-Wise Insights

Burn Matrix Devices Market to Surge in the United States Due to Rising Prevalence of Burn Injuries.

Country The United States
Market Size (USD million) by End of Forecast Period (2033) USD 13.9 million
CAGR % 2023 to End of Forecast (2033) 3.7%

The burn matrix devices market industry in the United States is expected to reach a market size of USD 13.9 million by 2033, expanding at a CAGR of 3.7%. The market is primarily driven by the increasing prevalence of burns in the country.

Approximately 486,000 burn injuries occur each year in the United States, of which 4000 necessitate hospitalization, according to the America Burn Association. This raises the need for medical tools used in the treatment of burns.

Rising Demand for Burn Matrix Devices Market is Due to the Advanced Healthcare Technologies.

Country The United Kingdom
Market Size (USD million) by End of Forecast Period (2033) USD 2.1 million
CAGR % 2023 to End of Forecast (2033) 3.8%

The burn matrix devices market industry in the United Kingdom is expected to reach a market value of USD 2.1 million, expanding at a CAGR of 3.8% during the forecast period. The United Kingdom has a well-established healthcare system and places importance on advanced medical technologies. Burn injuries are a considerable concern, and there is a demand for advanced treatment options.

The market for burn matrix devices in the UK is expected to be relatively strong due to factors such as large population, a high incidence of burn injuries, and a focus on technological advancements in healthcare

Notable Growth Expected in China's Burn Matrix Devices Market Due to Governments Initiatives for the Burn Care Product Developments.

Country China
Market Size (USD million) by End of Forecast Period (2033) USD 3.0 million
CAGR % 2023 to End of Forecast (2033) 6.4%

The burn matrix devices market industry in China is anticipated to reach a market size of USD 3.0 million, moving at a CAGR of 6.4% during the forecast period. The government's actions are helping to promote the market throughout the nation.

The Chinese government has also launched a number of programs to support burn treatment and prevention. China launched a burns treatment effort in the Philippines in 2019. Additionally, as part of a United Nations project, a medical firm and the Chinese People's Association for Friendship with Foreign Countries (CPAFFC) launched a program in the Philippines to support neighborhood hospitals and train local doctors to treat burn victims in both women and children.

Growing Awareness about Burn Management to Drive Market Growth in Japan

Country Japan
Market Size (USD million) by End of Forecast Period (2033) USD 2.6 million
CAGR % 2023 to End of Forecast (2033) 6.2%

The burn matrix devices market industry in Japan is estimated to reach a market size of USD 2.6 million by 2033, thriving at a CAGR of 6.2%. The burn matrix devices market is driven by factors such as an increasing number of burn cases, growing awareness about burn management, advancements in technology, and improvements in healthcare infrastructure.

The demand for burn matrix devices is primarily driven by hospitals, burn centers, and other healthcare facilities involved in the treatment and management of burn injuries.

Demand for Burn Matrix Devices Market is Rising Due to Increasing Prevalence of Pressure Ulcer Injuries.

Country South Korea
Market Size (USD million) by End of Forecast Period (2033) USD 1.2 million
CAGR % 2023 to End of Forecast (2033) 6.0%

The burn matrix devices market industry in South Korea is expected to reach a market size of USD 1.2 million, expanding at a CAGR of 6.0% during the forecast period. With an aging population and an increasing number of individuals with chromic illness, the prevalence of pressure ulcers has been growing concern.

Elderly individuals and patients with limited mobility, such as those in hospitals nursing homes, or long-term care facilities, are particularly susceptible to developing pressure ulcers

Sabyasachi Ghosh
Sabyasachi Ghosh

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Category-Wise Insights

How the Second Degree Burns are Driving Burn Matrix Devices Market?

Second degree burns are expected to dominate the burn matrix devices market industry with a CAGR of 4.9% from 2023 to 2033. This segment captures a significant market share in 2023, due to rising incidences of second degree burn. The prevalence of second degree burns can vary depending on various factors such as geographic location, lifestyle, occupation, and safety practices.

Burn matrix devices are specialized wound care products designed to aid in the healing of burn wounds, they are typically composed of bioactive materials that provide scaffold for cell growth and tissue regeneration. These devices can help promote granulation tissue formation and re-epithelialization, which are crucial for wound healing.

Which Distribution Channel Is Widely Adopted In the Market?

The institutional sales in dominating the at home pregnancy testing market with the CAGR of 4.0%. Institutional sales of burn matrix devices primarily occur in healthcare facilities such as hospitals, long term care centers. These institutions are responsible for treating burns patients and managing their wound care.

The adoption of evidence-based treatment practices and clinical guidelines that recommend the use of burn matrix devices can drive the demand for these products in institutional sales. When burn matrix devices are recognized as effective tools for promoting wound healing and improving patient outcomes, healthcare providers may incorporate them into their treatment protocols.

How Key Players Stay Competitive in the Burn Matrix Devices Market Industry?

The burn matrix devices sector is fiercely competitive, with many companies fighting for market dominance. To stay ahead of the competition in such a circumstance, essential players must employ smart techniques.

Key Strategies Used by the Participants

Product Development

To produce innovative goods that increase efficacy, dependability, and cost-effectiveness, businesses make significant investments in research and development. Product innovation enables companies to stand out from the competition while also meeting the shifting needs of their customers.

Strategic Alliances & Collaborations

Strategic alliances and partnerships with other businesses are regularly formed by major players in an industry to take advantage of each other's advantages and expand their market reach. Through such arrangements, businesses may also obtain access to new technologies and markets.

Expansion into Emerging Markets

The market for burn matrix devices is rising quickly in developing nations like China and India. To boost their presence in these regions, major companies are expanding their distribution networks and building regional manufacturing sites.

Acquisitions and mergers

Key companies in the burn matrix devices market routinely employ mergers and acquisitions to strengthen their market positions, broaden their product offerings, and enter new markets.

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Key Players in the Burn Matrix Devices Market Industry

  • Smith+Nephew
  • Integra LifeSciences (ACell Inc.)

Key Developments in the Burn Matrix Devices Market:

  • In Mar 3, 2023, a ground-breaking placental extracellular matrix medical device has received FDA approval to treat second-degree burns. The InnovaBurn gadget is the most recent in a line of InnovaMatrix products made by Convatec, a leading manufacturer of medical technology and devices.

Segmentation Analysis of the Burn Matrix Devices Market

By Application:

  • Second Degree Burns
  • Pressure Ulcers
  • Diabetic Ulcers
  • Surgical Wounds
  • Others

By Distribution Channel:

  • Institutional Sales
    • Hospitals
    • Long Term Care Centers
  • Retail Pharmacies

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • The Middle East & Africa

Frequently Asked Questions

What is the Burn Matrix Devices Market Value in 2023?

The market is valued at USD 28.6 million in 2023.

What is the Estimated Market CAGR from 2023 to 2033?

The market’s CAGR is estimated to be 4.6% between 2023 and 2033.

Who are the Leading Burn Matrix Devices Market Players?

Smith+Nephew and Integra LifeSciences are the leading market players.

What Opportunities Await the Market Players?

Technological advancements to boost the market prospects.

Which is the Key Segment by Distribution Channel?

The institutional sales segment is likely to remain preferred through 2033.

Table of Content
	1. Executive Summary
	2. Market Overview
	3. Key Market Trends
	4. Value Added Insights
	5. Market Background
	6. Global Market Volume (in Units) Analysis 2017 to 2022 and Forecast, 2023 to 2033
	7. Global Market - Pricing Analysis
	8. Global Market Demand (in Value or Size in USD Million) Analysis 2017 to 2022 and Forecast, 2023 to 2033
	9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application
		9.1. Second Degree Burns
		9.2. Pressure Ulcers
		9.3. Diabetic Ulcers
		9.4. Surgical Wounds
		9.5. Others
	10. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Distribution Channel
		10.1. Institutional Sales
			10.1.1. Hospitals
			10.1.2. Long Term Care Centers
		10.2. Retail Sales
	11. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, by Region
		11.1. North America
		11.2. Latin America
		11.3. Europe
		11.4. South Asia
		11.5. East Asia
		11.6. Oceania
		11.7. Middle East and Africa (MEA)
	12. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033
	13. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033
	14. Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033
	15. South Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033
	16. East Asia Market Analysis 2017 to 2022 and Forecast 2023 to 2033
	17. Oceania Market Analysis 2017 to 2022 and Forecast 2023 to 2033
	18. Middle East and Africa Market Analysis 2017 to 2022 and Forecast 2023 to 2033
	19. Market Structure Analysis
	20. Competition Analysis
		20.1. Smith+Nephew
		20.2. Integra LifeSciences (ACell Inc.)
	21. Assumptions and Acronyms Used
	22. Research Methodology

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