{"id":522670,"date":"2020-12-14T13:06:02","date_gmt":"2020-12-14T13:06:02","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=522670"},"modified":"2020-12-14T13:06:02","modified_gmt":"2020-12-14T13:06:02","slug":"burn-care-centers-market-is-estimated-to-value-231-billion-by-2027-grand-view-research-inc","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/burn-care-centers-market-is-estimated-to-value-231-billion-by-2027-grand-view-research-inc_522670.html","title":{"rendered":"Burn Care Centers Market is Estimated to Value $23.1 Billion By 2027: Grand View Research, Inc"},"content":{"rendered":"
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Grand View Research, Inc. – Market Research And Consulting.<\/div>\n<\/div>\n<\/div>\n
According to report published by Grand View Research, the global burn care centers market size was valued at USD 24.5 billion in 2019 and is expected to expand at a compound annual growth rate (CAGR) of 3.2% from 2020 to 2027.<\/div>\n

The global Burn Care Centers Market<\/a><\/strong> size is expected to reach USD 23.1 billion<\/strong> by 2027<\/strong>, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR<\/strong> of 3.2%<\/strong> from 2020 to 2027<\/strong>. An increase in the prevalence of burn-related injuries, the emergence of cost-effective treatments, and the presence of favorable reimbursement policies by regional governments, such as the U.S. government covering approximately 70% to 100% of the overall treatment cost, are the key factors contributing to the market growth. A rapid shift in preference for specialized care offered within specialized burn centers has been witnessed over in-hospital facilities due to the high-quality patient care provided by these standalone facilities. This is another major factor positively impacting the market growth. Amid the ongoing COVID-19 pandemic, burn care facilities are struggling hard to maintain a balance between their contributions to the pandemic response and upholding the ongoing burn care in an ethical and safe manner.<\/p>\n

Furthermore, the availability of intensive care units is increasing in standalone facilities to manage long-term care for burn victims unlike in hospitals, where emergency admissions pose a challenge for hospitals as they lack in managing long-term hospital stays. This is expected to increase the adoption of specialized care treatment provided by burn centers over-generalized care offered by hospitals. As per the World Health Organization (WHO), in 2017, approximately 96.0% of the fatal burns associated with fire occurred in low and middle-income countries. The growing incidence of burn injuries resulting from fires and the increase in mortality rate with an estimated 265,000 burn-related deaths occurring every year are boosting the demand for specialized care for burn victims.<\/p>\n

The introduction of advanced burn treatment options, such as skin graft, wound debridement, and reconstructive surgery, is expected to increase market growth in the forecast years. Moreover, growing awareness initiatives by government organizations such as the WHO and nonprofit organizations including the American Burn Association (ABA) have contributed majorly to the growth. For instance, the WHO signed a collaborative agreement with the “International Society for Burn Injuries” aiming to improve patient care provided by healthcare facilities and prevent the growing incidence of burn injuries at the global level.<\/p>\n

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Request a Sample Copy of the Global Burn Care Centers Market Research Report @ https:\/\/www.grandviewresearch.com\/industry-analysis\/burn-care-centers-market\/request\/rs1<\/a><\/strong><\/p>\n

Burn Care Centers Market Report Highlights<\/strong><\/p>\n