UK Burn Ointment Market Size & Outlook, 2020-2027
UK burn ointment market, 2016-2027 (US$M)
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UK burn ointment market highlights
- The UK burn ointment market generated a revenue of USD 48.7 million in 2020 and is expected to reach USD 71.6 million by 2027.
- The UK market is expected to grow at a CAGR of 5.6% 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 48.7 million |
| Market revenue in 2027 | USD 71.6 million |
| Growth rate | 5.6% (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, UK accounted for 5.7% 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 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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UK 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 34.7% in 2020. Horizon Databook has segmented the UK burn ointment market based on topical antibiotics, silver, iodine covering the revenue growth of each sub-segment from 2016 to 2027.
In the UK, many small-scale medical device companies and global manufacturers form the medical device manufacturing market. There are around 3,800 companies in the medical technology sector, and small and medium-sized enterprises hold 98% of the market.
There are many large companies in the U.S., which have subsidiaries in the UK. Orthopedics is the main strength of UK manufacturers, and fields like cardiovascular devices, imaging, and diagnostics play a major role in making the UK strong in the field of manufacturing medical devices.
The demand for regulatory affairs services such as legal representation is expected to rise, as many small and midsize manufacturers are exporting medical devices to the UK and are not having an established manufacturing facility in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK burn ointment market, including forecasts for subscribers. This country databook contains high-level insights into UK burn ointment market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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UK burn ointment market size, by product, 2016-2027 (US$M)
UK Burn Ointment Market Share, 2020 & 2027 (US$M)
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