Market Research Report
Germany Advanced Wound Care Management Market Forecast 2021-2026
|Germany Advanced Wound Care Management Market Forecast 2021-2026|
Published: June 14, 2021
Content info: 122 Pages
Delivery time: 2-3 business days
The Germany advanced wound care management market is evaluated to develop with a CAGR of 12.52% over the forecast years. The surging incidence of chronic diseases like diabetes, the increased number of amputations due to trauma and skin conditions, and substantial improvements in treatment processes are among the key factors associated with the region's market growth. While the base year considered for the market study is 2020, the projected period is from 2021 to 2026.
Advanced wound care includes products used to treat chronic and acute wounds, such as ulcers, burns, postoperative wounds. Advanced wound care products, including hydrogels, hydrocolloids, film and foam dressings, as well as alginates, ensure that the wound is hydrated in order to encourage rapid healing.
The advanced wound care management market in Germany is primarily attributed to the high and ongoing demand for advanced wound care. Nearly 1% of the country's population, accounting for around 8,000,000 patients, were diagnosed with venous leg ulcers. As per statutory health insurances, while the average cost per treatment of a venous ulcer is EUR 7,631, treating diabetic foot ulcerations costs EUR 7,722. Moreover, the average price for the treatment of diabetic foot syndrome increases to as high as EUR 15,000 per year. Advanced wound care management could be the most systematic and sought-after approach for minimizing expenditure. Hence, these factors are anticipated to play a crucial role in fueling the Germany advanced wound care management market growth over the forecasting years.
Some of the leading companies operating in the market are Hartmann Group, 3M Company, B Braun Melsungen AG, Molnlycke Health Care AB, etc.