Europe Wound Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Europe wound management market is segmented by Product (By Wound Care (Dressings, Bandages, Topical Agents, Wound Care Agents), By Wound Closure ( Suture, Staplers, Tissue Adhesive, Sealant, and Glue), By Wound Type (Chronic Wound (Diabetes Foot Ulcer, Pressure Ulcer, Arterial and Venous Ulcer, and Other Chronic Wounds)), By Acute Wound (Surgical Wounds, Burns, Other Acute Wounds)), Geography (Europe (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe)).

Market Snapshot

Europe Wound Management Market Picture 1
Study Period: 2019-2027
Base Year: 2021
CAGR: 5.2 %

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Market Overview

Europe wound management market is expected to register a CAGR of 5.2% over the forecast period (2022-2027). 

The emergence of the COVID-19 pandemic has changed the delivery of medical care in the Europe region. The increased pressure due to the growing rate of hospitalization of COVID-19 patients has led to the re-profiling of many hospitals and departments for treating patients with COVID-19. Consequently, many elective surgeries were canceled or postponed worldwide to reserve or redirect the available limited capacities and resources (like hospital beds and patient care professionals) toward COVID-19 patient care. Furthermore, the increasing incidence of diabetes due to a sedentary lifestyle is one of the leading factors contributing to market growth. The demand for the wound management market is increasing in the Europe region owing to the increasing number of surgical cases, and the rising prevalence of chronic diseases across the globe. The main driving factors for this market are increasing incidences of chronic wounds, ulcers, and diabetic ulcers, a rise in the geriatric population, and an increase in the volume of surgical procedures.

Furthermore, increasing the incidence of diabetes due to a sedentary lifestyle is one of the leading factors contributing to market growth. For instance, in 2021 International Diabetes Federation (IDF), Diabetes Atlas reported 61 million cases of Diabetes in Europe, and this number is reported to increase up to 13% by 2045. The high incidence of diabetes cases is also related to high cases of diabetic foot ulcers, thereby driving the market. The world is expected to witness a demographic shift over a few decades and the geriatric population is expected to dominate. The United Nations Department of Economic and Social Affairs report titled ‘World Population Ageing 2020 Highlights’ mentioned that there were 727 million persons aged 65 years or over in the world in 2020. It is expected to more than double and reaches nearly 1.5 billion in 2050. For instance, United Nations has an estimated 748,581, 892 population in Europe, which accounts for 9.78% of the world population. Since the older population is at high risk of getting chronic illnesses, it is expected to generate the need for surgeries, thereby increasing demand for wound management devices and instruments, driving the market’s growth.

Also, the increase in surgical procedures is driving this market. In an article published in June 2021 by the National Library of Medicine titled "German Heart Surgery Report 2020: The Annual Updated Registry of the German Society for Thoracic and Cardiovascular Surgery," there were approximately 29,444 isolated coronary artery bypass grafting procedures, 35,469 isolated heart valve procedures, and 843 assist device implantations registered in Germany. According to the same source, the number of solitary heart transplants in Germany has surged to 340, a 2.1 percent increase over the previous year. Thus, increasing surgical procedures is driving this market.

Above mentioned reasons have contributed to the growth of Europe wound management market. However, the high cost of surgical procedures and reimbursement issues associated with advanced wound care products has slowed down the market growth.

Scope of the Report

As per the scope of the report, wound management products are used to treat minor injuries, as well as complex wounds. Wounds and injuries are common afflictions that affect billions of people worldwide. Europe wound management market is segmented by Product (By Wound Care (Dressings, Bandages, Topical Agents, Wound Care Agents), By Wound Closure ( Suture, Staplers, Tissue Adhesive, Sealant, and Glue), By Wound Type (Chronic Wound (Diabetes Foot Ulcer, Pressure Ulcer, Arterial and Venous Ulcer, and Other Chronic Wounds)), By Acute Wound (Surgical Wounds, Burns, Other Acute Wounds)), Geography (Europe (Germany, United Kingdom, France, Italy, Spain, and Rest of Europe)). The report offers the value (in USD million) for the above segments.

By Product
By Wound Care
Dressings
Bandages
Topical Agents
Wound Care Devices
By Wound Closure
Suture
Staplers
Tissue Adhesive, Sealant, and Glue
By Wound Type
Chronic Wound
Diabetic Foot Ulcer
Pressure Ulcer
Arterial and Venous Ulcer
Other Chronic Wounds
By Acute Wound
Surgical Wounds
Burns
Other Acute Wounds
Geography
Germany
United Kingdom
France
Italy
Spain
Rest of Europe

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Key Market Trends

Surgical staplers (Wound Closure Products) are the largest product segment of the Europe wound management market to witness the highest growth over the forecast period .

A growing number of surgical procedures, increasing usage of surgical stapling devices in bariatric surgeries, and rising preference for minimally invasive procedures are some of the primary factors to boost the growth of the surgical stapling devices market in the future.

Surgical staplers are specialized medical staplers, which can be used as an alternative to sutures, for wound closure. They can be used during minimally invasive image-guided procedures. With the rise in demand for minimally invasive surgeries, the surgical stapler’s segment is expanding. Surgical staplers offer benefits, such as faster recovery, less pain, coagulation, and accurate closure, especially in minimally invasive procedures. Various applications of surgical staplers include the areas of gynecology, abdominal surgeries, cardiothoracic, and orthopedic surgeries, among others.

In addition, there has been an increased demand for surgical stapling devices in various surgeries such as laparoscopic procedures, bariatric procedures, endoscopic procedures, etc. Due to the growing rate of chronic conditions such as obesity or even sports-related injuries/ arthritis surgeries, the demand and usage of stapling devices have been utilized in most cases in Europe is a major reason for the growth of this market. For instance, in 2021 World Health Organization (WHO) reported that the burden of non-communicable diseases (NCDs) has increased continuously over recent years worldwide, and in 2021 they caused 90% of deaths and 85% of YLDs in the WHO European Region. The major reasons reported for these non-communicable diseases are obesity and smoking. Overweight and obesity have affected almost 60% of adults and nearly one in three children (29% of boys and 27% of girls) in the World Health Organization (WHO) European Region. Thus, the high incidence of obesity is the major region to drive the use of surgical stapling devices in this region.

Therefore, due to the rapid growth in the surgical staplers segment, the market is expected to witness significant growth over the forecast period due to the above-mentioned factors.

Diabetes in EUR

Competitive Landscape

Europe wound management market is moderately competitive, with the key players dominating the market globally. The competitive landscape includes an analysis of a few international as well as local companies which hold the market shares including 3M Company, B. Braun Melsungen AG, Cardinal Health Inc., Coloplast AS, ConvaTec Group PLC, Integra Lifesciences, Molnlycke Health Care, Medtronic PLC, Paul Hartmann AG, Smith & Nephew.

Major Players

  1. Integra Lifesciences

  2. ConvaTec Group PLC

  3. Smith & Nephew

  4. Paul Hartmann Ltd.

  5. Coloplast AS

Screenshot 2022-08-03 193200.png

Recent Development

  • In June 2021, Pittsburgh established itself as a global provider of artificial intelligence (AI)-based technology for wound care, Tissue Analytics, a Net Health company, announced that it had been awarded the European Union (EU) Class I(m) CE Mark. The highly sought-after designation allows the company to market and sells its mobile wound imaging and analytics solution to healthcare organizations based in EU member countries.
  • In May 2022, SolasCure, a Cambridge-based biotech company that has developed wound-cleaning technology, has seen its first trial patient receive treatment.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Incidences of Chronic Wounds, Ulcers, and Diabetic Ulcers

      2. 4.2.2 Increase in Volume of Surgical Procedures

      3. 4.2.3 Rising Geriatric Population

    3. 4.3 Market Restraints

      1. 4.3.1 Reimbursement Issues Associated with Advanced Wound Care Products

      2. 4.3.2 High Treatment Costs

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 By Wound Care

        1. 5.1.1.1 Dressings

        2. 5.1.1.2 Bandages

        3. 5.1.1.3 Topical Agents

        4. 5.1.1.4 Wound Care Devices

      2. 5.1.2 By Wound Closure

        1. 5.1.2.1 Suture

        2. 5.1.2.2 Staplers

        3. 5.1.2.3 Tissue Adhesive, Sealant, and Glue

    2. 5.2 By Wound Type

      1. 5.2.1 Chronic Wound

        1. 5.2.1.1 Diabetic Foot Ulcer

        2. 5.2.1.2 Pressure Ulcer

        3. 5.2.1.3 Arterial and Venous Ulcer

        4. 5.2.1.4 Other Chronic Wounds

      2. 5.2.2 By Acute Wound

        1. 5.2.2.1 Surgical Wounds

        2. 5.2.2.2 Burns

        3. 5.2.2.3 Other Acute Wounds

    3. 5.3 Geography

      1. 5.3.1 Germany

      2. 5.3.2 United Kingdom

      3. 5.3.3 France

      4. 5.3.4 Italy

      5. 5.3.5 Spain

      6. 5.3.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 3M Company

      2. 6.1.2 B. Braun Melsungen AG

      3. 6.1.3 Cardinal Health Inc.

      4. 6.1.4 Coloplast AS

      5. 6.1.5 ConvaTec Group PLC

      6. 6.1.6 Integra Lifesciences

      7. 6.1.7 Molnlycke Health Care

      8. 6.1.8 Medtronic PLC

      9. 6.1.9 Paul Hartmann AG

      10. 6.1.10 Smith & Nephew

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments
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Frequently Asked Questions

The Europe Wound Management Market market is studied from 2019 - 2027.

The Europe Wound Management Market is growing at a CAGR of 5.2% over the next 5 years.

Integra Lifesciences, ConvaTec Group PLC, Smith & Nephew, Paul Hartmann Ltd., Coloplast AS are the major companies operating in Europe Wound Management Market.

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