U.S. Burn Ointment Market Size & Outlook, 2020-2027
U.S. burn ointment market, 2016-2027 (US$M)
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U.S. burn ointment market highlights
- The U.S. burn ointment market generated a revenue of USD 306.6 million in 2020 and is expected to reach USD 458.7 million by 2027.
- The U.S. market is expected to grow at a CAGR of 5.9% 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 306.6 million |
| Market revenue in 2027 | USD 458.7 million |
| Growth rate | 5.9% (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, U.S. accounted for 35.6% 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 North America, U.S. burn ointment market is projected to lead the regional market in terms of revenue in 2027.
- Canada is the fastest growing regional market in North America and is projected to reach USD 85.4 million by 2027.
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Burn Ointment Market Scope
Burn Ointment Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 34.61% in 2020. Horizon Databook has segmented the U.S. burn ointment market based on topical antibiotics, silver, iodine covering the revenue growth of each sub-segment from 2016 to 2027.
The U.S. held the largest market share of 86.54% in North America in 2023. Large medical device companies are outsourcing parts of their regulatory functions, such as report writing & publishing, clinical trial application services, product design, and product maintenance, to regulatory service providers, thereby contributing to the growth of the medical device outsourcing market in the U.S.
These companies are also increasingly inclined toward medical device outsourcing due to the requirement of high maintenance and efficient systems for the management of raw materials, which results in minimizing the overall setup costs. Moreover, medical device outsourcing helps the company focus on core capabilities, the sharing of associated risks, and improved service delivery, which are pertinent to gaining competitive advantages.
In November 2023, Rice University, as a member of the Southwest National Pediatric Device Innovation Consortium, became part of a collaborative effort that has secured a 5-year, USD 7.4 million grant from the U.S. Food and Drug Administration. This funding is designated to support the ongoing development of innovative medical devices specifically designed for pediatric use. Such initiatives are expected to drive market growth in the coming years.
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Target buyers of U.S. burn ointment market databook
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Our clientele includes a mix of burn ointment market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. burn ointment market, including forecasts for subscribers. This country databook contains high-level insights into U.S. burn ointment market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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U.S. burn ointment market size, by product, 2016-2027 (US$M)
U.S. Burn Ointment Market Share, 2020 & 2027 (US$M)
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