Europe Advanced Wound Care Market Value to Reach USD 4.2 Billion by 2027

Author : Ronak Bora | Published Date : 2021-09-02 

Europe advanced wound care market size is expected to exceed USD 4.2 billion by 2027. The increasing number of surgical operations is shaping Europe advanced wound care market trends. With the growing prevalence of chronic diseases requiring surgical treatments, along with the rising number of accidents and trauma injuries, the number of operations performed is expected to increase.

High-quality wound care products are likely to be deployed as a result of extensive R&D in the region. Some of the most sophisticated wound care equipment that allow for fast healing in chronic wound situations include hyperbaric oxygen devices and negative pressure wound therapy devices. Smith & Nephew, for example, introduced the PICO 14 single use negative pressure wound therapy system in March 2020. This sNPWT system has a pump life of more than 14 days and requires minimal user interaction.

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Medline Industries, Medtronic, Hartmann International, Hollister Incorporated, B. Braun, ConvaTec Group, Coloplast Corp, and Integra LifeSciences are among the leading advanced wound care solution companeis in Europe.

The below mentioned factors are augmenting the market size.

Rising diabetic wound treatment needs

The diabetic wounds segment represented approximately 14.4% of Europe advanced wound care market share in 2020. Diabetics have lower wound healing rates. Foot ulcers are one of the most common issues. For instance, According to Cordis EU research results, diabetes affects about 55 million Europeans, and 8 million of these individuals are at risk of getting a diabetic foot ulcer (DFU). Rising prevalence of chronic disorders such as diabetes and foot ulcers across the region is likely to foster advanced wound care market outlook in Europe.

A high number of road accident injuries

The wound dressings segment is expected to grow at a CAGR of about 3.5% between 2021 and 2027. The Europe advanced wound care market expansion can be linked to an increase in the number of road accidents across Europe. Road accidents cause substantial blood loss as a result of minor and serious injuries, which increases the demand for wound dressings.

United Kingdom to see growing product adoption

United Kingdom advanced wound care industry size is expected to expand at a 4% CAGR through 2027. According to the Diabetes Organization U.K., individuals are at a higher risk of developing type 2 diabetes across the region. At this rate, it is estimated that 5.5 million individuals in the U.K. are likely to develop diabetes by 2030. The rising prevalence of chronic diseases such as diabetes and foot ulcers in U.K. is likely to extend regional wound care products use.

Growing patient inclination toward homecare settings

The homecare settings segment contributed more than USD 905 million toward Europe advanced wound care market share in 2020. Homecare settings offer the option to get treatment in the comfort of one's own home, increasing its popularity. For instance, the 'Device for prophylaxis and treatment of diabetic foot ulcers for hospital and home use' project, financed by the EU, is conducting research to prevent or cure diabetic foot ulcers in homes or nursing homes. A prototype device called FlowOxTM is being designed for this purpose. Additionally, there is also lower risk of contracting hospital-acquired infections and increased patient comfort.

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With the introduction of new devices and advances in product technology, the Europe advanced wound care market forecast is expected to see considerable growth. For instance, the Spincare system was recently launched by Nanomedic Technologies, in Europe and several other Asian nations. The Spincare system prints the matrix in real-time on the patient's body using a single-use, disposable solution ampule.

Table of Contents (ToC) of the report:

Chapter 1   Methodology

1.1    Definition and forecast parameters

1.1.1    Definitions

1.1.2    Methodology and forecast parameters

1.2    Data sources

1.3    References & sources

1.3.1    Secondary

1.3.2    Primary

Chapter 2   Executive Summary

2.1    Europe advanced wound care market summary, 2016 - 2027

2.1.1    Country trends

2.1.2    Product trends

2.1.3    Application trends

2.1.4    End-use trends

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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