Saudi Arabia Burn Ointment Market Size & Outlook, 2020-2027
Saudi Arabia burn ointment market, 2016-2027 (US$M)
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Saudi Arabia burn ointment market highlights
- The Saudi Arabia burn ointment market generated a revenue of USD 14.5 million in 2020 and is expected to reach USD 22.9 million by 2027.
- The Saudi Arabia market is expected to grow at a CAGR of 6.7% 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 14.5 million |
| Market revenue in 2027 | USD 22.9 million |
| Growth rate | 6.7% (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, Saudi Arabia accounted for 1.7% 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 Middle East & Africa, South Africa burn ointment market is projected to lead the regional market in terms of revenue in 2027.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 22.9 million by 2027.
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Burn Ointment Market Scope
Burn Ointment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 35.86% in 2020. Horizon Databook has segmented the Saudi Arabia burn ointment market based on topical antibiotics, silver, iodine covering the revenue growth of each sub-segment from 2016 to 2027.
The availability of world-class healthcare infrastructure and increase in the number of industry experts trained rapidly are supporting the market in Saudi Arabia. Saudi Arabia medical device approval process is not as stringent as that of developed countries. This is expected to improve the interest of medical device CROs and CDMOs to enter the market, thus boosting competition in Saudi Arabia market.
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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 country-level data and insights on the Saudi Arabia burn ointment market, including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia burn ointment market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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Saudi Arabia burn ointment market size, by product, 2016-2027 (US$M)
Saudi Arabia Burn Ointment Market Share, 2020 & 2027 (US$M)
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