The size of the Advanced Wound Care Market in Europe has been estimated at USD 2.8 billion in 2019 and is projected to reach USD 3.51 billion by 2024 at a CAGR of 4.63% during the forecast period from 2019-2024.
People who are afflicted with chronic wounds, which take a significant amount of time to heal and are expensive to treat have received much-needed relief in the form of Advanced Wound Care products. Technology has leapfrogged in this area. Advanced wound care products are being preferred to traditional wound care products due to their effectiveness in enabling faster healing. Advanced Wound care market caters feasible and user-friendly products to the afflicted patients. Treatment in advanced wound care includes interventions therapies and products such as collagen products, foam dressings, hydrocolloids, alginate dressings, gauze composites, and hydrogels among others. As technology advances and becomes a much more viable option, the quality of life of patients afflicted with chronic wounds in Europe rises.
The European market is mainly driven by Increasing Aging Population, Growing Incidences of Chronic Wounds and diabetes, technological advances, Increasing Hospital costs, and policies undertaken by the government. Reimbursement issues and cost issues serve as factors that hinder the market in Europe.
This report on European Advanced Wound Care Market has been segmented and sub-segmented into the following categories:
Europe Advanced Wound Care Market - By Type:
On the basis of type, the dressing segment accounts for the largest portion of the Europe market. However, active wound care is the fastest-growing segment in this category.
Europe Advanced Wound Care Market - By Application:
On the basis of application, the surgical wounds segment leads the Europe market. However, skin ulcer is the fastest-growing segment in this category.
Europe Advanced Wound Care Market - By End-User:
On the basis of end-user, the inpatient facilities segment grabs the largest chunk of the European market. However, outpatient service is the fastest-growing segment in this category.
By Country: UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe
Regionally, Europe has the second-largest market for Advanced Wound Care products, after North America. The Europe Advanced Wound Care Market in this region has more significance with trends showing that people desire more efficient solutions for their illnesses. This technology is especially inclined towards the elderly population in Europe, for whom easily accessible healthcare is paramount.
Top companies in the market
Few of the leading companies operating in the Europe Advanced Wound Care Market are Acelity L.P., Inc., Smith and Nephew Plc., Mölnlycke Health Care, ConvaTec, Inc., Coloplast Corp., 3M Healthcare, Medtronic, Integra Lifesciences Corporation and Organogenesis Inc.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2.2 Analysis Design
2.3 Research Phases
2.3.1 Secondary Research
2.3.2 Primary Research
2.3.3 Econometric Modelling
2.3.4 Expert Validation
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5.1 By Type
5.1.2 Therapy Devices
5.1.3 Active wound care
5.2 By Application
5.2.1 Skin ulcers
5.2.2 Surgical wounds
5.2.3 Burn wounds
5.3 By End User
5.3.1 In-patient services
6.1 United Kingdom
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.3 3M Health care
8.5 Integra Lifesciences
8.6 Derma Sciences
8.8 Smith & Nephew
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.1 Market Outlook
10.2 Investment Opportunities