China Burn Ointment Market Size & Outlook, 2020-2027
China burn ointment market, 2016-2027 (US$M)
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China burn ointment market highlights
- The China burn ointment market generated a revenue of USD 24.2 million in 2020 and is expected to reach USD 40.4 million by 2027.
- The China market is expected to grow at a CAGR of 7.6% 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.
Burn ointment market data book summary
| Market revenue in 2020 | USD 24.2 million |
| Market revenue in 2027 | USD 40.4 million |
| Growth rate | 7.6% (CAGR from 2020 to 2027) |
| Largest segment | Topical antibiotics |
| Fastest growing segment | Silver |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 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, China accounted for 2.8% of the global burn ointment market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2027.
- In Asia Pacific, Japan burn ointment market is projected to lead the regional market in terms of revenue in 2027.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 40.4 million by 2027.
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Burn Ointment Market Scope
Burn Ointment Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 34.3% in 2020. Horizon Databook has segmented the China burn ointment market based on topical antibiotics, silver, iodine covering the revenue growth of each sub-segment from 2016 to 2027.
In addition, rise in the geriatric population and presence of a large fraction of the population belonging to the middle-income group increases the demand for innovative & cost-effective medical equipment, which is expected to attract major medical device companies to this region.
The low cost of labor is one of the key factors, and outsourcing clinical research services in China is cost-effective. Owing to this reason, the number of clinical research studies in China is expected to increase.
This is expected to boost competition in the market in China. For instance, in March 2023, GE Healthcare established a long-term joint venture with Sino pharm as part of its strategy to further penetrate the medical device market in China.
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Horizon Databook provides a detailed overview of country-level data and insights on the China burn ointment market, including forecasts for subscribers. This country databook contains high-level insights into China burn ointment market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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China burn ointment market size, by product, 2016-2027 (US$M)
China Burn Ointment Market Share, 2020 & 2027 (US$M)
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