Asia Pacific Burn Ointment Market Size & Outlook, 2020-2027
Asia Pacific burn ointment market, 2016-2027 (US$M)
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Asia Pacific burn ointment market highlights
- The Asia Pacific burn ointment market generated a revenue of USD 135.1 million in 2020.
- The market is expected to grow at a CAGR of 6.8% from 2021 to 2027.
- In terms of segment, topical antibiotics was the largest revenue generating product in 2020.
- Silver is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2021 to 2027.
Asia Pacific data book summary
| Market revenue in 2020 | USD 135.1 million |
| Market revenue in 2027 | USD 214.8 million |
| Growth rate | 6.8% (CAGR from 2020 to 2027) |
| Largest segment | Topical antibiotics |
| Fastest growing segment | Silver |
| Historical data covered | 2016 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Topical Antibiotics, Silver, Iodine |
| Key market players worldwide | Johnson & Johnson, Sun Pharmaceutical Industries, Smith & Nephew PLC, ConvaTec Group PLC, Dr. Morepen Limited |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 15.7% of the global burn ointment market in 2020.
- Globally, North America is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 214.8 million by 2027.
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Burn Ointment Market Scope
Burn Ointment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific burn ointment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to burn ointment market will help companies and investors design strategic landscapes.
Topical antibiotics was the largest segment with a revenue share of 34.49% in 2020. Horizon Databook has segmented the Asia Pacific burn ointment market based on topical antibiotics, silver, iodine covering the revenue growth of each sub-segment from 2016 to 2027.
Asia Pacific medical device outsourcing market held the largest share 41.3% in 2023 and is expected to witness lucrative growth owing to the availability of several opportunities in this region, especially in Japan, China, and India.
Some of the factors such as improved regulatory framework, high-cost savings, a large number of clinical trials conducted in the region and increase in the number of medical device companies venturing into the region are expected to drive the Asia Pacific market.
These services are majorly outsourced to countries such as the Philippines, India, Korea, Japan, Malaysia, Singapore, and Australia. However, Japan is the largest market in the Asia Pacific region, majorly due to high healthcare expenditure and rapid introduction of advanced medical devices in the market.
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Our clientele includes a mix of burn ointment market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific burn ointment market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific burn ointment market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Asia Pacific burn ointment market size, by country, 2016-2027 (US$M)
Asia Pacific Burn Ointment Market Share, 2020 & 2027 (US$M)
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