South Africa Burn Ointment Market Size & Outlook, 2020-2027
South Africa burn ointment market, 2016-2027 (US$M)
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South Africa burn ointment market highlights
- The South Africa burn ointment market generated a revenue of USD 16.5 million in 2020 and is expected to reach USD 25.6 million by 2027.
- The South Africa market is expected to grow at a CAGR of 6.5% 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.
Burn ointment market data book summary
| Market revenue in 2020 | USD 16.5 million |
| Market revenue in 2027 | USD 25.6 million |
| Growth rate | 6.5% (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, South Africa accounted for 1.9% 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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South Africa 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 36.36% in 2020. Horizon Databook has segmented the South Africa burn ointment market based on topical antibiotics, silver, iodine covering the revenue growth of each sub-segment from 2016 to 2027.
Various government initiatives, such as tax breaks, R&D credit, and the establishment of the South African Health Products Regulatory Authority (SAHPRA), are expected to increase foreign investments & collaborations in the country.
In April 2021, the South African Medical Research Council, along with the Department of Science and Innovation (DSI) and Technology Innovation Agency, launched Technology Innovation Cluster Program (TICP) for diagnostics and medical devices to improve innovation in the medical device industry.
The main aim of this program was to strengthen innovations in medical devices in South Africa. The launch of such programs is expected to increase the demand among medical device manufacturers for developing innovative devices in the country, thereby supporting market growth in South Africa.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa burn ointment market, including forecasts for subscribers. This country databook contains high-level insights into South Africa burn ointment market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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South Africa burn ointment market size, by product, 2016-2027 (US$M)
South Africa Burn Ointment Market Share, 2020 & 2027 (US$M)
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