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A detailed analysis of the Global Burn Ointment Market 2023 is provided, including global, regional, and country-level market sizes, segmentation market growth, market share, competitive landscape, sales analysis, impact of domestic and global Burn Ointment Market players, value chain optimization, trade regulations, recent developments, strategic market growth analyses, product launches, expanding the area market, and technological advances.

The global burn ointment market size was USD 969.13 million in 2022 and is expected to reach USD 1,637.32 million in 2032 and register a revenue CAGR of 6% during the forecast period. Increasing burn injuries, rising need for safe and effective Burn Care products, and increasing incidence of chronic wounds are major factors driving market revenue growth.

Rising number of burn injuries is one of the major factors driving revenue growth of the burn ointment market. Worldwide, burn injuries are a major cause of morbidity and mortality. The World Health Organization (WHO) estimates that every year, burns from fires alone result in 265,000 fatalities. As burn injuries continue to rise, there is rising need for burn care products such as burn ointments.

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Market Overview:

In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.

Key Players covered in this report are

• Johnson & Johnson
• Pfizer, Inc.
• GSK
• Smith & Nephew
• 3M Company
• ConvaTec Inc.
• Derma Sciences, Inc.
• Acelity L.P. Inc.
• Coloplast Corp.
• Hollister Inc.
• Molnlycke Health Care AB

Based on Product Type market is segmented into:

• Antibiotic
• Non-Antibiotic

Based on Distribution Channel market is segmented into:

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

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Based on Region market is segmented into:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Strategic Development:

• On 10 September 2019, Smith & Nephew launched PICO 7Y Single Use Negative Pressure Wound Therapy System, which is a single-use negative pressure wound therapy device designed to manage surgical and acute wounds.
• On 1 April 2019, Johnson & Johnson announced that it acquired Auris Health, Inc., which is a privately-held developer of robotic technologies. This acquisition aimed to expand the company's portfolio of surgical solutions and enhance its market position in the global burn ointment market.
• On 28 April 2021, Pfizer, Inc. announced that it acquired Amplyx Pharmaceuticals, which is a privately-held biotechnology company. This acquisition aimed to strengthen Pfizer's antifungal portfolio and advance its research in the treatment of severe and life-threatening fungal infections.
• On 11 October 2019, 3M Company announced that it acquired Acelity, a leading provider of advanced wound care and specialty surgical solutions. This acquisition aimed to expand 3M's product offerings in the global burn ointment market.

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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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