Market Research Report
Europe Advanced Wound Care Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
|Published by||Mordor Intelligence Pvt Ltd||Product code||964889|
|Published||Content info||71 Pages
Delivery time: 2-3 business days
|Europe Advanced Wound Care Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)|
|Published: February 1, 2021||Content info: 71 Pages||
The Europe advanced wound care market is mainly driven by technological advances, rising geriatric population, problems associated with ineffective traditional wound healing methods, initiatives taken by the government, and a pressing need for swift and safer treatment of chronic wounds.
According to Diabetes UK, people suffering from Diabetes were around 3.8 million in the year 2018. The increasing incidences of diabetes may further lead to growth in this market. The growing prevalence of several lifestyle disorders leading to chronic wounds, such as diabetic foot ulcer, venous leg ulcer, and pressure ulcer, is one of the key factors estimated to encourage the growth of the advanced wound care market in the coming years.
The statistics from Public Health England (PHE) revealed that there were 27,465 amputations between 2015 and 2018, compared with 24,181 cases between 2012 and 2015 a rise of 14 per cent. Furthermore, attempts to lower the duration of hospital stay, in order to reduce the surgical healthcare expenses, and the growing inclination toward products that enhance therapeutic outcomes are also driving the demand in the advanced wound care market.
However, the high cost associated with the treatment and reimbursement issues for the new technologies remain major factors hindering the market.
Under Wound Dressings, Foam Dressings Projected to Have Significant Growth
The advanced wound care market is significantly fragmented, with the presence of a large number of players. As technology progresses and becomes more viable, the quality of life of patients afflicted with chronic wounds improves. Traditional wound care and closure products are being increasingly substituted with advanced wound care and closure products, due to their efficacy and effectiveness in managing wounds by enabling faster healing. Market players are focusing on various growth strategies, in order to enhance the market presence by mergers, acquisitions, partnerships, collaborations, new product launches, etc.