Europe Burn Ointment Market Size & Outlook, 2020-2027
Europe burn ointment market, 2016-2027 (US$M)
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Europe burn ointment market highlights
- The Europe burn ointment market generated a revenue of USD 206.1 million in 2020.
- The market is expected to grow at a CAGR of 5.5% 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, Germany is expected to register the highest CAGR from 2021 to 2027.
Europe data book summary
| Market revenue in 2020 | USD 206.1 million |
| Market revenue in 2027 | USD 299.4 million |
| Growth rate | 5.5% (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, Europe region accounted for 24.0% 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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Europe 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 34.79% in 2020. Horizon Databook has segmented the Europe burn ointment market based on topical antibiotics, silver, iodine covering the revenue growth of each sub-segment from 2016 to 2027.
Europe is one of the most advanced regions globally with advanced technologies and infrastructure, resulting in better healthcare facilities and patient care. Players seeking entry into the Europe market require extensive knowledge regarding different regulatory procedures and services in various member states of the European Union.
Small and midsized medical device companies without a regulatory affairs department usually hire a regulatory consultant or a legal representative to assist them through the various stages of the regulatory approval processes required for commercializing their products in Europe. Medical device manufacturers in the EU are anticipated to face major changes in the old regulatory framework, which would affect market access or entry.
The EU Medical Device Regulations (MDR) are expected to replace the current Medical Device Directive (93/42/EEC) and the Directive on active implantable medical devices (90/385/EEC).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe burn ointment market, including forecasts for subscribers. This continent databook contains high-level insights into Europe burn ointment market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Europe burn ointment market size, by country, 2016-2027 (US$M)
Europe Burn Ointment Market Share, 2020 & 2027 (US$M)
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