New Report Says Advancement in Biotechnology is Expected to Drive Burn Care Market to $700 Million

Nov. 28, 2007 - PRLog -- Report Buyer, the online destination for business intelligence for major industry sectors, has added a new report which finds that the worldwide burn treatment market has experienced growth of 7.6% from 2001 to 2006, reaching $1.9 billion.

“Wound Care Markets, Volume II: Burns” predicts  that the market will grow to more than $700 million by 2011 even though it will experience a few ups and downs due to price constraints, new technologies, and additional market penetration.

Authors of the report say that currently, conventional, mature products continue to generate the majority of sales even though their growth rate is expected to be slow limited by the maturity of the product and the competition.  They point out however, that developments in biotechnology, biomaterials, and tissue engineering are expected to drive growth during the forecast period.

According to the report, the market should exhibit an overall steady growth rate due to the increasing availability of new therapeutic techniques that result in decreasing healing times and subsequent cost savings.

The study finds that revolutionary advances using tissue engineering, growth factors,
animal-fetal-cell research, stem-cell research, and gene therapy may offer new hope to patients who experience any type of burn, and the numerous products currently in development appear to be the key to successful growth in this market.

Analysts believe that competitors offering traditional mature products must look for ways to incorporate advanced wound care products for treating burns into their existing products or to improve the existing products significantly to remain competitive with emerging technologies.

The report analyses products in development and on the market, leading competitors, and current issues and trends affecting the industry.  

“Wound Care Markets, Volume II: Burns” is available from Report Buyer. For more information go to: http://www.reportbuyer.com/pharma_healthcare/treatments/w...

Report Buyer product ID: KAL00090

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