Market Trends of Spain Wound Care Management Industry
This section covers the major market trends shaping the Spain Wound Care Management Devices Market according to our research experts:
Sutures Segment is Expected to Hold a Significant Market Share in the Spain Wound Care Management Market
Sutures can be absorbable or nonabsorbable. Absorbable sutures are naturally dissolved in the body and eventually dissolve completely, whereas non-absorbable sutures should be manually removed. Absorbable sutures are made from synthetic polymer materials, such as polylactic acid (Vicryl), polyglycolic acid (Dexon), polyglyconate (Maxon), and polydioxanone (PDS). The suture segment is anticipated to witness growth in the studied market owing to factors such as a rise in accident cases, an increase in chronic wounds, and a surge in suture product launches in the country.
Furthermore, the rise in accident cases causes injuries, and demand for suturing open wounds increases, thereby driving market growth. For instance, as per the Ministry of Labor and Social Economy's 2022 report, 408 156 mild accident cases were reported in 2021, and this count is expected to rise to 460 113 in 2022 in Spain. As per the same source, 320,228 males and 143,660 females encountered an accident in 2022. As the number of accident cases rises, the demand for sutures increases, thereby boosting market growth over the forecast period.
Thus, due to the rise in accident cases, increase in product launches, and strategic collaborations by the key players, the studied segment is expected to witness growth in the market over the forecast period.
Diabetic Foot Ulcer Segment is Expected to Witness a Significant Growth in the Spain Wound Care Management Market Over the Forecast Period
The diabetic foot ulcer segment is anticipated to witness growth in the studied market owing to factors such as a rise in diabetes cases, an increase in healthcare expenditures, and a surge in product launches in the country. For instance, as per the IDF Atlas, 10th edition, 32.8% of gestational diabetes cases were reported in Spain in 2021. As per the same source, the health care expenditure on diabetes was estimated at USD 15,453.6 million in 2021 in Spain. The healthcare expenditures for diabetes include wound care for diabetic foot ulcers. The estimated diabetic healthcare expenditure in 2035 is likely to be USD 15,625.3 million. Thus, a rise in healthcare expenditure is likely to drive market growth by encouraging more investment in wound care management, thereby boosting market growth over the forecast period.
Furthermore, the rise in clinical studies regarding diabetic foot ulcers is anticipated to increase the opportunities for wound care products in Spain. For example, in April 2021, the Universidad Complutense de Madrid will run a clinical trial to find out how ultrasound debridement affects the area and how fast diabetic foot ulcers heal compared to how they are usually treated.
Thus, due to the rise in diabetes cases, increase in healthcare expenditure, and clinical studies on diabetic foot ulcers, the studied segment is expected to witness growth in the market over the forecast period.
