(MoneyNewsWire.Net, January 12, 2018 ) According to the report Europe Wound Care Management Devices Market, published by Market Data Forecast, the Europe market is projected to reach USD 6 billion by 2022, at a CAGR of 3.62% from 2017 to 2022.
Rising number of injuries and a need for a painless way to treat them has resulted in heavy investment flows in R&D in advanced wound care sector and more and more devices are flooding the market every day.
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Europe Wound Care Management Devices Market: Drivers & Restraints
Augmenting geriatric population, rising purchasing power due to increasing disposable income, increasing number of cases of chronic diseases, paradigm shift towards home care treatments and minimum need of bed capacity in hospitals are the primary drivers of market growth.
High cost of procedures and inadequate proper reimbursements are the primary restraints of this market.
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Europe Wound Care Management Devices Market: Segmentation
Advanced Wound Management Products
o Advanced Wound Dressings
Silicone Foam Dressings
Other Foam Dressings
o Therapy Devices
Negative Pressure Wound Therapy
Pressure Relief Devices
Oxygen and Hyperbaric Oxygen Devices
Electrical Stimulation Devices
Other Therapy Devices
o Active Wound Care
Artificial Skin and Skin Substitutes
Surgical Wound Care
o Tissue Adhesives, Sealants & Glues
o Anti-infective Dressings
Traditional/Basic Wound Care
o Medical Tapes
o Cleansing Agents
By Type of Wound
o Diabetic Foot Ulcers (DFU)
o Pressure Ulcer
o Venous Leg Ulcer
o Other Chronic Wounds
Surgical & traumatic wounds
By End User
Home Care Settings
o South Korea
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Europe Wound Care Management Devices Market: Overview
By product, advanced wound management products market segment was the market leader in 2016. If we go by wound type, chronic wounds captured largest share. By end users hospitals segment accounted for the largest market share.
Europe is predicted to experience sluggish growth in the forecast period. It is the second largest market. France and Germany are market leaders in Europe.
Europe Wound Care Management Devices Market: Key Players
Key players in the market include Coloplast A/S (Denmark.), Baxter International Inc. (U.S.), Hollister Inc. (U.S.), Mölnlycke Health Care (Sweden), 3M Company (U.S.), Covidien PLC (Ireland). Other players in the market include Ethicon Inc. (U.S.), Derma Sciences Inc. (U.S.), Convatec Healthcare B.S.A.R.L (U.S.), Acelity L.P/ (U.S.), and Smith & Nephew (U.K.).
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