Latin America Burn Ointment Market Size & Outlook
Latin America burn ointment market, 2016-2027 (US$M)
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Latin America burn ointment market highlights
- The Latin America burn ointment market generated a revenue of USD 108.7 million in 2020.
- The market is expected to grow at a CAGR of 6.4% 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, Mexico is expected to register the highest CAGR from 2021 to 2027.
Latin America data book summary
| Market revenue in 2020 | USD 108.7 million |
| Market revenue in 2027 | USD 167.9 million |
| Growth rate | 6.4% (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, Latin America region accounted for 12.6% 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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Latin America 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 34.59% in 2020. Horizon Databook has segmented the Latin America burn ointment market based on topical antibiotics, silver, iodine covering the revenue growth of each sub-segment from 2016 to 2027.
Latin America is one of the fastest growing regions for the medical device outsourcing market owing to cost-effectiveness and rise in the number of new entrants venturing into the medical device market within the region. Brazil, Mexico, Colombia, Venezuela, and Argentina are driving the growth of the medical device market in Latin America.
The market is expected to showcase significant growth during the forecast period owing to increase in the number of medical device companies venturing into this region, which is anticipated to drive the demand for regulatory and quality assurance, thereby contributing to the growth of the medical device outsourcing market.
In addition, its geographic placement being strategically close to the U.S. market is another factor boosting outsourcing to this region. Presence of CROs and regulatory service providers is also expected to considerably increase, which is expected to further drive the market growth during the forecast period.
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Our clientele includes a mix of burn ointment market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America burn ointment market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America burn ointment market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Latin America burn ointment market size, by country, 2016-2027 (US$M)
Latin America Burn Ointment Market Share, 2020 & 2027 (US$M)
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