Japan Burn Ointment Market Size & Outlook, 2020-2027
Japan burn ointment market, 2016-2027 (US$M)
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Japan burn ointment market highlights
- The Japan burn ointment market generated a revenue of USD 29.1 million in 2020 and is expected to reach USD 46.6 million by 2027.
- The Japan market is expected to grow at a CAGR of 7% 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 29.1 million |
| Market revenue in 2027 | USD 46.6 million |
| Growth rate | 7% (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, Japan accounted for 3.4% 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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Japan 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 34.36% in 2020. Horizon Databook has segmented the Japan burn ointment market based on topical antibiotics, silver, iodine covering the revenue growth of each sub-segment from 2016 to 2027.
Some of the key factors contributing to the growth of medical device outsourcing market in Japan are technological advancements and considerable healthcare expenditure. Moreover, the Japanese government is actively investing in the improvement of healthcare services in the country. The region is expected to dominate the Asia Pacific medical device outsourcing market during the forecast period, owing to a rise in demand for new and cost-effective medical devices.
The presence of a stringent regulatory framework and standards for medical device manufacturing is leading to an increase in overall costs. Thus, an increase in the need to maintain the standards and curb healthcare expenditure simultaneously is anticipated to drive the market in this region. Furthermore, high dependence of industry players on economic conditions, which are fluctuating in this region, is expected to propel the demand for consulting services.
In addition, the presence of government healthcare programs and policies to control pricing is anticipated to increase the demand for medical device outsourcing in this region.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan burn ointment market, including forecasts for subscribers. This country databook contains high-level insights into Japan burn ointment market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Japan burn ointment market size, by product, 2016-2027 (US$M)
Japan Burn Ointment Market Share, 2020 & 2027 (US$M)
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