Market Size of France Wound Management Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 1.13 Billion |
Market Size (2029) | USD 1.45 Billion |
CAGR (2024 - 2029) | 5.29 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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France Wound Management Market Analysis
The France Wound Management Market size is estimated at USD 1.13 billion in 2024, and is expected to reach USD 1.45 billion by 2029, growing at a CAGR of 5.29% during the forecast period (2024-2029).
France was one of the countries hit hard by the COVID-19 pandemic. Wound care in France was primarily affected as several restrictions were implemented on non-essential hospital visits. As a result, telewound services were widely adopted in France, and people were inclined more toward online consultations for wound management. Hospital visits were allowed for chronic wounds that cannot be treated at home and need a doctor's supervision. It was observed that the utilization of wound management products was not vastly reduced during the pandemic, as chronic wounds were essential healthcare aspects that needed proper care. However, post-pandemic, acute and chronic wounds have been managed effectively with increased consumer demand compared to the demand during the pandemic.
The key factors propelling the wound management market's growth include the increasing cases of chronic wounds and diabetic ulcers, the rising geriatric population, and the increasing number of surgical procedures. The high number of diabetic population indicates the chances of a rise in diabetes-related ulcers or wounds. According to International Diabetes Federation data for 2021, diabetes prevalence in France was around 8.6%, with 3,942,900 cases. With the vast adult population suffering from diabetes in France, it is observed that the prevalence of diabetic foot ulcers will increase, which is expected to propel market growth. Chronic wounds lead to complications, such as infection, ulceration, and insufficient blood supply, thus, increasing the wound healing period. The most common chronic wounds include venous ulcers, diabetic foot ulcers, and pressure ulcers.
Wound management products and appropriate care to address the underlying defect have gained traction in recent times. Hence, due to increasing cases of chronic wounds and diabetic ulcers, the market for wound care management is expected to grow during the forecast period in France. However, the high cost of treatment is expected to hinder market growth in France.