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Europe Advanced Wound Care Market Size By End-use (Hospitals, Homecare Settings), By Product (Wound Dressings {Antimicrobial Dressings, Alginate Dressings, Hydrogel Dressings, Foam Dressings, Film Dressings, Hydrocolloidal Dressings}, Wound Therapy Devices, {Negative Pressure Wound Therapy Systems, Pressure Relief Devices, Electrostimulation Devices, Oxygen and Hyperbaric Oxygen Equipment}), By Application (Diabetic Wounds, Skin Burn Wounds, Pressure Wounds, Surgical Wounds, Venous Legs Ulcers), Research Report, Country Outlook (Germany, UK, France, Italy, Spain, Netherlands, Belgium, Austria, Russia), Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 - 2027
Published Date: February 2021 | Publisher: Graphical Research Report ID: GR1688 | Delivery : PDF  Request Free Sample

Europe Advanced Wound Care Market size crossed USD 3.1 billion in 2020 and is anticipated to register a growth rate of 4.2% from 2021 to 2027.

Technological advances related to advanced wound care products will surge the market progression. Key industry players are investing enormously in research and development activities aimed at development of technologically advanced wound care products. High research and development in the European advanced wound care industry will lead to development of superior quality wound care products. Hyperbaric oxygen devices and negative pressure wound therapy devices are some of the technologically advanced wound care devices that permits quick recovery in chronic wound cases. Foremost market players are aiming on manufacturing technologically advanced and novel wound care products. For instance, in March 2020, Smith & Nephew launched PICO 14 single use negative pressure wound therapy system (sNPWT). This sNPWT system has a pump duration of over 14 days and needs less user intervention.
 

Europe Advanced Wound Care Market, 2021 & 2027 (USD Million)

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European Market, By Product

The wound dressings segment is estimated to observe around 3.5% CAGR between 2021 and 2027. The segment growth is attributed to rising cases of road accidents across the European region. Reckless driving and driving under the influence of alcohol are one of the major causes of road accidents. Road accidents result in severe blood loss incurred due to minor and major injuries that accelerates the demand for wound dressings.

European Market, By Application

The diabetic wounds segment held more than 14.4% market share in 2020. Diabetic patients have lesser wound healing rates hence, foot ulcers are one of the main problems, leading to surging demand for advanced wound care products. In addition, clinicians prefer advanced wound care therapy that provides preferable environment for diabetic wound healing.

European Market, By End-use

Europe Advanced Wound Care Market

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The hospitals segment accounted more than USD 1.2 billion revenue in 2020. Increasing preferences towards hospital settings for various applications of wound care will surge the market revenue. Also, usage of wound therapy devices for treatment of diabetic foot ulcers and numerous diseases is increasing in the hospital settings that will fuel the segment growth.  

European Market, By Country

Germany advanced wound care market dominated more than 24.4% revenue share in 2020 owing to the rising prevalence of chronic wounds and other wound care associated disorders. Rising number of accidents leads to greater number of surgeries that will surge the demand for advanced wound care products. Growing initiatives by private and public organizations to improve healthcare systems and spread awareness regarding benefits of advanced wound care products.

Competitive Market Share

Some of the leading business players are 3M, B. Braun, ConvaTec Group, Coloplast Corp, Hartmann International, Hollister Incorporated, Integra LifeSciences, Medtronic, Medline Industries, and others.

The companies are undertaking various business strategies such as expansion, collaborations, and novel product launch to attract larger customer base. In May 2018, Hollister Incorporated signed an agreement with YIT to construct the second stage healthcare product factory.
 

Frequently Asked Question(FAQ) :

The market for advanced wound care market in Europe was valued at over USD 3.1 billion in 2020 and will grow at a 4.2% CAGR over the forecast period 2021-2027.
Wound dressing segment is set to record a CAGR of nearly 3.5% through 2027 owing to the rising incidences of road accidents in Europe and need for surgeries.
Diabetic wounds application captured 14.4% of industry share in 2020 owing to the rising preference for advanced wound care products to treat issues like foot ulcers.
Germany accounted for 24.4% of Europe market revenue in 2020 and will grow with the rising number of accidents and chronic illnesses in the region.

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