Europe Wound Management Market Size (2024 - 2029)

The Europe wound management market is experiencing growth driven by several factors, including the rising incidence of chronic wounds, ulcers, and diabetic ulcers, alongside an increasing geriatric population and a higher volume of surgical procedures. The market's expansion is further supported by the growing prevalence of diabetes, largely due to sedentary lifestyles, which contributes to a higher incidence of diabetic foot ulcers. Despite these growth drivers, challenges such as the high cost of surgical procedures and reimbursement issues for advanced wound care products have impeded the market's full potential.

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Market Size of Europe Wound Management Industry

Europe Wound Management Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 5.20 %

Major Players

Europe Wound Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

Europe Wound Management Market Analysis

Europe wound management market is expected to register a CAGR of 5.2% over the forecast period (2022-2027).

The emergence of the COVID-19 pandemic has changed the delivery of medical care in the Europe region. The increased pressure due to the growing rate of hospitalization of COVID-19 patients has led to the re-profiling of many hospitals and departments for treating patients with COVID-19. Consequently, many elective surgeries were canceled or postponed worldwide to reserve or redirect the available limited capacities and resources (like hospital beds and patient care professionals) toward COVID-19 patient care. Furthermore, the increasing incidence of diabetes due to a sedentary lifestyle is one of the leading factors contributing to market growth. The demand for the wound management market is increasing in the Europe region owing to the increasing number of surgical cases, and the rising prevalence of chronic diseases across the globe. The main driving factors for this market are increasing incidences of chronic wounds, ulcers, and diabetic ulcers, a rise in the geriatric population, and an increase in the volume of surgical procedures.

Furthermore, increasing the incidence of diabetes due to a sedentary lifestyle is one of the leading factors contributing to market growth. For instance, in 2021 International Diabetes Federation (IDF), Diabetes Atlas reported 61 million cases of Diabetes in Europe, and this number is reported to increase up to 13% by 2045. The high incidence of diabetes cases is also related to high cases of diabetic foot ulcers, thereby driving the market. The world is expected to witness a demographic shift over a few decades and the geriatric population is expected to dominate. The United Nations Department of Economic and Social Affairs report titled 'World Population Ageing 2020 Highlights' mentioned that there were 727 million persons aged 65 years or over in the world in 2020. It is expected to more than double and reaches nearly 1.5 billion in 2050. For instance, United Nations has an estimated 748,581, 892 population in Europe, which accounts for 9.78% of the world population. Since the older population is at high risk of getting chronic illnesses, it is expected to generate the need for surgeries, thereby increasing demand for wound management devices and instruments, driving the market's growth.

Also, the increase in surgical procedures is driving this market. In an article published in June 2021 by the National Library of Medicine titled "German Heart Surgery Report 2020: The Annual Updated Registry of the German Society for Thoracic and Cardiovascular Surgery," there were approximately 29,444 isolated coronary artery bypass grafting procedures, 35,469 isolated heart valve procedures, and 843 assist device implantations registered in Germany. According to the same source, the number of solitary heart transplants in Germany has surged to 340, a 2.1 percent increase over the previous year. Thus, increasing surgical procedures is driving this market.

Above mentioned reasons have contributed to the growth of Europe wound management market. However, the high cost of surgical procedures and reimbursement issues associated with advanced wound care products has slowed down the market growth.

Europe Wound Management Industry Segmentation

As per the scope of the report, wound management products are used to treat minor injuries, as well as complex wounds. Wounds and injuries are common afflictions that affect billions of people worldwide. Europe wound management market is segmented by Product (By Wound Care (Dressings, Bandages, Topical Agents, Wound Care Agents), By Wound Closure ( Suture, Staplers, Tissue Adhesive, Sealant, and Glue), By Wound Type (Chronic Wound (Diabetes Foot Ulcer, Pressure Ulcer, Arterial and Venous Ulcer, and Other Chronic Wounds)), By Acute Wound (Surgical Wounds, Burns, Other Acute Wounds)), Geography (Europe (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe)). The report offers the value (in USD million) for the above segments.

By Product
By Wound Care
Dressings
Bandages
Topical Agents
Wound Care Devices
By Wound Closure
Suture
Staplers
Tissue Adhesive, Sealant, and Glue
By Wound Type
Chronic Wound
Diabetic Foot Ulcer
Pressure Ulcer
Arterial and Venous Ulcer
Other Chronic Wounds
By Acute Wound
Surgical Wounds
Burns
Other Acute Wounds
Geography
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
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Europe Wound Management Market Size Summary

The Europe wound management market is poised for steady growth, driven by several key factors. The increasing prevalence of chronic conditions such as diabetes and obesity, coupled with a rising geriatric population, is significantly contributing to market expansion. The demand for wound management solutions is further bolstered by the growing number of surgical procedures and the rising incidence of chronic wounds and ulcers. The COVID-19 pandemic has also influenced the market dynamics, as it led to a shift in healthcare priorities and resource allocation, impacting elective surgeries and highlighting the need for effective wound care solutions. Despite these growth drivers, the market faces challenges such as high surgical costs and reimbursement issues related to advanced wound care products.

The surgical stapling devices segment is experiencing notable growth, fueled by the increasing preference for minimally invasive procedures and the rising demand for surgical staplers in various surgeries. These devices offer advantages like faster recovery and less pain, making them a preferred choice in procedures such as bariatric, gynecology, and orthopedic surgeries. The market is moderately competitive, with key players like 3M Company, B. Braun Melsungen AG, and Smith & Nephew holding significant shares. Innovations such as AI-based wound care technologies and advanced wound-cleaning solutions are also shaping the market landscape, indicating a promising outlook for the Europe wound management market over the forecast period.

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Europe Wound Management Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Incidences of Chronic Wounds, Ulcers, and Diabetic Ulcers

      2. 1.2.2 Increase in Volume of Surgical Procedures

      3. 1.2.3 Rising Geriatric Population

    3. 1.3 Market Restraints

      1. 1.3.1 Reimbursement Issues Associated with Advanced Wound Care Products

      2. 1.3.2 High Treatment Costs

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 By Wound Care

        1. 2.1.1.1 Dressings

        2. 2.1.1.2 Bandages

        3. 2.1.1.3 Topical Agents

        4. 2.1.1.4 Wound Care Devices

      2. 2.1.2 By Wound Closure

        1. 2.1.2.1 Suture

        2. 2.1.2.2 Staplers

        3. 2.1.2.3 Tissue Adhesive, Sealant, and Glue

    2. 2.2 By Wound Type

      1. 2.2.1 Chronic Wound

        1. 2.2.1.1 Diabetic Foot Ulcer

        2. 2.2.1.2 Pressure Ulcer

        3. 2.2.1.3 Arterial and Venous Ulcer

        4. 2.2.1.4 Other Chronic Wounds

      2. 2.2.2 By Acute Wound

        1. 2.2.2.1 Surgical Wounds

        2. 2.2.2.2 Burns

        3. 2.2.2.3 Other Acute Wounds

    3. 2.3 Geography

      1. 2.3.1 Germany

      2. 2.3.2 United Kingdom

      3. 2.3.3 France

      4. 2.3.4 Italy

      5. 2.3.5 Spain

      6. 2.3.6 Rest of Europe

Europe Wound Management Market Size FAQs

The Europe Wound Management Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)

Integra Lifesciences, ConvaTec Group PLC, Smith & Nephew, Paul Hartmann Ltd. and Coloplast AS are the major companies operating in the Europe Wound Management Market.

Europe Wound Management Report Snapshots

Europe Wound Management Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)