Germany Burn Ointment Market Size & Outlook, 2020-2027
Germany burn ointment market, 2016-2027 (US$M)
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Germany burn ointment market highlights
- The Germany burn ointment market generated a revenue of USD 44.3 million in 2020 and is expected to reach USD 66.8 million by 2027.
- The Germany market is expected to grow at a CAGR of 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 44.3 million |
| Market revenue in 2027 | USD 66.8 million |
| Growth rate | 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, Germany accounted for 5.2% 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 Europe, UK burn ointment market is projected to lead the regional market in terms of revenue in 2027.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 66.8 million by 2027.
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Burn Ointment Market Scope
Burn Ointment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany 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 34.09% in 2020. Horizon Databook has segmented the Germany burn ointment market based on topical antibiotics, silver, iodine covering the revenue growth of each sub-segment from 2016 to 2027.
Germany medical technology market consists of 95% of small and medium-sized companies or subgroups of larger companies. Germany produces medical equipment of high quality, putting extra emphasis on diagnostic imaging, optical technologies, dental products, and surgical instruments. Germany is the third-largest market in the world and the largest market in Europe.
Germany held the dominant share of 27.02% of the Europe medical device outsourcing market in 2023. The substantial share can be attributed to the rise in the need to curb healthcare expenditure in this region.
Owing to the growing demand for medical device outsourcing in the country, CDMOs are expanding their presence in Germany. For instance, in February 2023, Sanner Group expanded its medical device manufacturing facility in Blenheim into Germany.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany burn ointment market, including forecasts for subscribers. This country databook contains high-level insights into Germany burn ointment market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Germany burn ointment market size, by product, 2016-2027 (US$M)
Germany Burn Ointment Market Share, 2020 & 2027 (US$M)
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