Europe's Wound Care Management Devices Industry,which was worth $4.86 billion in 2016 and estimated to be growing at a CAGR of 3.62%, is expected to reach $5.81 billion by 2021. Europe is the second largest Industry for wound care management devices.
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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 Industrys 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 Industry is constrained by challenges, such as costly procedures and lack of proper reimbursements.
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The Europe Wound Care Management Devices Industry 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 Industry is bifurcated among chronic wounds, acute wounds, surgical & traumatic wounds and burns.
Based on end users Industry is divided among hospitals, clinics and home care settings.
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Based on geography the Industry 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 Industry 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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Key Points from Table of Contents
- Executive Summary
- Key Inferences
- New Developments
Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
Europe Wound Care Management Devices Industry: Segmentation
- o Advanced Wound Management Products
- o Surgical Wound Care
- o Traditional/Basic Wound Care
- Type of Wound
- o Chronic Wounds
- o Acute Wounds
- o Surgical & traumatic wounds
- o Burns
- End User
- o Hospitals
- o Clinics
- o Home Care Settings
- PESTLE analysis
- Porter’s Five analysis
Industry Leaders' Analysis
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