Market Outlook
Global SilverSulfadiazine Market size is expected to increase significantly during toforecast period (2019-2027). Burn injuries are considered severe healthcareproblems and far more serious than other epidemics such as polio. According tothe World Health Organization, around 180,000 deaths occur due to burns,majorly in emerging economies. Furthermore, non-fatal burn injuries are theleading cause of morbidity. This is expected to increase the demand foranti-burn creams and lotions and subsequently drive the market growth.Furthermore, silver sulfadiazine has been majorly used hospitals in NorthAmerica as it is considered as a powerful treatment for burns.
Silver Sulfadiazine Market –Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027
Silver sulfadiazine isspecifically used for second degree or third-degree burns on the skin, whichacts ant-bacterial drug. The World Health Organization considers silversulfadiazine as an Essential Medicines and is used as an antibiotic for skinburns. Silver sulfadiazine helps to prevent growth of yeast and bacteria and isused to treat urinary tract infections (UTI). When it is combined withpyrimethamine, the combination is used for the treatment of toxoplasmosis.
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Furthermore, a typical anti burncream 1% of silver sulfadiazine contains, which is crucial to maintain asexcessive quantity would make it toxic. However, some organizations do notrecommend its use, as it has been a subject of research and variousspeculation. Moreover, there have been some side effects of silver sulfadiazinesuch as loss of appetite, dizziness, and nausea.
However, silver sulfadiazinecauses minor side effects such as nausea, loss of appetite, and dizziness,which may hinder the demand for the product and subsequently restrain theglobal silver sulfadiazine market growth. Furthermore, increasing the price ofsilver, which is one of the prime raw materials for the production of silversulfadiazine expected to hinder
Market Regional
North America is expected toaccount for the largest market share in the global silver sulfadiazine market,during the forecast period. This is owing to increased burn cases andincreasing demand for wound-care products. According to the National FireProtection Association (NFPA), around every two hours, a civilian die from fireoutbreaks, which has increased the demand for wound-care products.
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Furthermore, increasinggovernment initiatives to fund research and development of medicines to treatburn wounds has accelerated the market growth. Moreover, Asia Pacific isexpected to witness significant growth in the market, owing to increasingdemand for silver sulfadiazine from emerging economies such as India and China.The countries Australia, China, and India are expected to emerge as new revenuegenerators in the region.
Market Players
Key players operating in theglobal silver sulfadiazine market include 3M Company, Baxter International,Inc., Monarch Pharmaceuticals, Teva Pharmaceutical Industries Ltd, and Johnson& Johnson Limited.
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