Market Overview

$6.23 Billion Wound Care Product Market in Europe 2018-2023: EU5 is Expected to Hold More Than 50% Shares, Driven by Significant Investments in Wound Care - ResearchAndMarkets.com

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The "Europe
Wound Care Product Market (2018-2023)"
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The Europe wound care product market is anticipated to expand at an
overall compound annual growth rate (CAGR) of 6% and will be worth
US$6.23 billion by 2023.

With an increase in the number of chronic diseases, wound care products
are becoming more popular because of easier access to new healing
technologies. One such example is the demand for combination dressings.

Across the different geographical regions, Europe held the second
largest market share of the global wound care product market in 2017,
generating 27.1% of the total revenue. One of the reasons is that the
European Wound Management Association has taken up various initiatives
for advanced therapies in wound care and management in order to make the
European Union strong in the said market, increasing the region's
capabilities and possibilities in next generation wound management.

By countries, the Europe wound care product market is divided into EU5
and the Rest of EU5. The EU5 is expected to hold more than half of the
market. This is mainly backed by countries - United Kingdom, Germany,
and France that are making significant investments in wound care. It is
also reported that wound care market in the EU5 countries have increased
quite significantly from 2015 to 2018. To overcome the difficulties,
countries need more robust and effective wound care solutions.

By product type, the European wound care product market is classified
into surgical wound care products, advanced wound care products, and
traditional wound care product. Countries in the EU5 like the U.K. and
Germany dominate the surgical wound care product market in Europe.

By application segment, European wound care products are used for
chronic and acute wound care. Chronic wound care is the largest and also
the highest growing segment due to new cost-effective innovations in
advanced wound care products.

Hospitals and specialty wound care clinics, long-term care facilities,
and home healthcare are the end-user segmentations in the European wound
care product market. Home healthcare is the fastest growing segment due
to its cost-effective nature. The long-term care facilities will also
have a steady growth in the market, more than the hospitals and
specialty wound care clinics.

Key Growth Factors

  • The prime factor that is driving the European wound care product
    market is the increased thrust to provide healthcare in post-acute
    settings.
  • Innovative products are introduced to promote faster healing and avoid
    scarring. Sterile, anti-bacterial products are becoming popular for
    the wound care treatments.

Threats and Key Players

  • The complex regulatory approval processes also dampen the growth of
    the market.
  • The key players operating in this market are Smith and Nephew Plc.,
    Mlnlycke Health Care, Coloplast Corporation, and Medtronic Public
    Limited Company.

Key Topics Covered

Chapter 1: Executive Summary

Chapter 2: Europe Wound Care Product Market

Chapter 3: Europe Wound Care Product Market - by Product Type

Chapter 4: Europe Wound Care Product Market - by Application

Chapter 5: Europe Wound Care Product Market - by End-User

Chapter 6: Europe Wound Care Product Market - by Country

Chapter 7: Company Profiles

  • Smith and Nephew Plc
  • Mlnlycke Health Care
  • Coloplast Corporation
  • Medtronic Public Limited Company

Chapter 8: Conclusions

For more information about this report visit https://www.researchandmarkets.com/research/whg2zt/wound_care?w=4

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