Market Size of France Wound Management Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 768.16 Million |
Market Size (2029) | USD 994 Million |
CAGR (2024 - 2029) | 5.29 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
France Wound Management Market Analysis
The France Wound Management Market size is estimated at USD 768.16 million in 2024, and is expected to reach USD 994 million by 2029, growing at a CAGR of 5.29% during the forecast period (2024-2029).
France was one of the countries hit hard by the COVID-19 pandemic. Wound care in France was primarily affected as several restrictions were implemented on non-essential hospital visits. As a result, telewound services were widely adopted in France, and people were inclined more toward online consultations for wound management. Hospital visits were allowed for chronic wounds that cannot be treated at home and need a doctor's supervision. It was observed that the utilization of wound management products was not vastly reduced during the pandemic, as chronic wounds were essential healthcare aspects that needed proper care. However, post-pandemic, acute and chronic wounds have been managed effectively with increased consumer demand compared to the demand during the pandemic.
The key factors propelling the wound management market's growth include the increasing cases of chronic wounds and diabetic ulcers, the rising geriatric population, and the increasing number of surgical procedures. The high number of diabetic population indicates the chances of a rise in diabetes-related ulcers or wounds. According to International Diabetes Federation data for 2021, diabetes prevalence in France was around 8.6%, with 3,942,900 cases. With the vast adult population suffering from diabetes in France, it is observed that the prevalence of diabetic foot ulcers will increase, which is expected to propel market growth. Chronic wounds lead to complications, such as infection, ulceration, and insufficient blood supply, thus, increasing the wound healing period. The most common chronic wounds include venous ulcers, diabetic foot ulcers, and pressure ulcers.
Wound management products and appropriate care to address the underlying defect have gained traction in recent times. Hence, due to increasing cases of chronic wounds and diabetic ulcers, the market for wound care management is expected to grow during the forecast period in France. However, the high cost of treatment is expected to hinder market growth in France.
France Wound Management Industry Segmentation
Wound care products are specifically used by professionals to provide a therapeutic effect, which supports wound healing. Wound management products are used for minor injuries and treat serious problems, such as chronic and complex wounds like burns. The French wound management market is segmented by product (wound care and wound closure) and wound type (chronic wound and acute wound). The report offers the value (in USD million) for the above segments.
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France Wound Management Market Size Summary
The France wound care devices market is poised for significant growth over the forecast period, driven by an increasing prevalence of chronic wounds and diabetic ulcers, a rising geriatric population, and a surge in surgical procedures. The COVID-19 pandemic initially impacted the market by limiting non-essential hospital visits, leading to a shift towards telewound services. However, the demand for wound management products remained stable as chronic wounds necessitated ongoing care. Post-pandemic, the market has seen a resurgence in consumer demand, with chronic wounds such as venous ulcers, diabetic foot ulcers, and pressure ulcers becoming more prevalent due to complications like infection and insufficient blood supply. The high diabetic population in France is expected to further propel market growth, as diabetes-related ulcers become more common.
The market is characterized by a moderate level of competition, with both global and local players actively developing innovative wound care solutions. The suture segment, in particular, is experiencing growth due to advancements in technology, an increase in surgeries, and a rise in road accidents necessitating wound closure. The demand for wound dressings is also on the rise, fueled by the growing number of chronic wounds and new product launches by key players like Winner Medical. The market's expansion is supported by the increasing number of surgical procedures and the introduction of advanced wound care products, such as those launched by Accel-Heal Technologies Limited. Despite the high cost of treatment posing a challenge, the overall outlook for the French wound care devices market remains positive, with substantial growth anticipated in the coming years.
France Wound Management Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Cases of Chronic Wounds and Diabetic Ulcers
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1.2.2 Rising Geriatric Population
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1.2.3 Increasing Number of Surgical Procedures
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1.3 Market Restraints
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1.3.1 High Cost of Procedure
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size- Value in USD million)
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2.1 By Product
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2.1.1 Wound Care
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2.1.1.1 Dressings
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2.1.1.2 Bandages
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2.1.1.3 Topical Agents
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2.1.1.4 Wound Care Devices
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2.1.2 Wound Closure
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2.1.2.1 Suture
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2.1.2.2 Surgical Staplers
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2.1.2.3 Tissue Adhesive, Sealant, and Glue
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2.2 Wound Type
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2.2.1 Chronic Wound
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2.2.1.1 Diabetic Foot Ulcer
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2.2.1.2 Pressure Ulcer
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2.2.1.3 Arterial and Venous Ulcer
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2.2.1.4 Other Chronic Wound
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2.2.2 Acute Wound
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2.2.2.1 Surgical Wounds
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2.2.2.2 Burns
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2.2.2.3 Other Acute Wounds
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France Wound Management Market Size FAQs
How big is the France Wound Management Market?
The France Wound Management Market size is expected to reach USD 768.16 million in 2024 and grow at a CAGR of 5.29% to reach USD 994 million by 2029.
What is the current France Wound Management Market size?
In 2024, the France Wound Management Market size is expected to reach USD 768.16 million.