The Europe Wound Care Management Devices Market was worth $4.86 billion in 2016 and estimated to be growing at a CAGR of 3.62%, to reach $5.81 billion by 2021. Europe is the second largest market for wound care management devices.
The shift in business environment and increased patient needs has resulted investment in research & development in wound care sector for the products that are easier to use, more comfortable and provide quick wound healing with less pain.
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The wound care management devices markets in Europe is largely driven by increasing aging population, growing in purchasing power due to higher disposable incomes and rising incidence of chronic diseases. Factors impelling the wound care management devices products include minimum need of bed capacity in hospitals and shifting inclination towards homecare therapies that improve healing and reduce hospital time. However, the market is constrained by challenges, such as costly procedures and lack of proper reimbursements.
The Europe Wound Care Management Devices market is segmented on the basis of product into Advanced Wound Management Products, Surgical Wound Care and Traditional Wound Care. Advanced Wound Management Products are segmented into advanced wound dressings, Therapy devices and Active wound care. Advanced wound dressings segment is further segmented into foam dressings, hydrocolloid dressings, alginate dressings, hydrogel dressings and collagen dressings. Therapy devices is sub segmented into negative pressure wound therapy, pressure relief devices, oxygen and hyperbaric oxygen devices and electrical stimulation devices. Active wound care segment is divided among artificial & skin substitutes and topical agents. On the basis of type of wound, the market is bifurcated among chronic wounds, acute wounds, surgical & traumatic wounds and burns. Based on end users market is divided among hospitals, clinics and home care settings.
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Based on geography the market is analysed under various countries namely, Germany, U.K., France, Spain and Italy. Germany and France are expected to grow at highest CAGR in the forecast period.
The prominent players in the wound care market are Coloplast A/S (Denmark.), Baxter International Inc. (U.S.), Hollister Inc. (U.S.), Mölnlycke Health Care (Sweden), 3M Company (U.S.), Covidien PLC (Ireland), 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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