Spain Wound Care Management Market Size

Spain Wound Care Management Market Analysis

Spain's Wound Care Management Market is poised to register a CAGR of 4.7% over the forecast period.

The COVID-19 pandemic had a significant impact on the wound care management market in Spain owing to factors such as reduced cases of accidents and chronic wounds, which were majorly attributed to the lockdown all over the country and the restriction on non-emergency procedures in the hospitals. However, chronic wounds were found in COVID patients across the country. For instance, as per the Spain-specific study published by the National Institute of Health in June 2022, a study was carried out on around 119 patients with acute and chronic wounds. The prevalence of chronic wounds was around 7.6%, and the incidence was 3.5% in the internal medicine units. Pressure injuries (PIs) were the most common wounds, and COVID-19-affected patients had a higher risk of developing pressure ulcers. Furthermore, due to the fear of COVID transmission in hospitals, people were unable to receive significant treatment during the pandemic.However, as restrictions are lifted, the market is expected to grow in the coming years due to an increase in chronic wounds, an increase in accident cases, and new product launches.

The major factors driving the growth of the market in Spain include increasing incidences of chronic wounds and ulcers, diabetic foot ulcers, and the rising burden of diabetes. For instance, according to the article published by the National Institute of Health in February 2021 in PubMed, chronic wounds were becoming more widespread in Barcelona every year and were more common among women. In addition, diabetic foot ulcers were playing a crucial role in the increasing burden of chronic wounds in Barcelona. The rate of prevalence in the general population was around 6.7% to 12%. Furthermore, as per the IDF Atlas, 10th Edition, the number of people with diabetes in Spain was 5,141.3 in 2021. This number is anticipated to rise to 5,576 by 2030. Hence, an increase in the number of diabetes cases is likely to boost the chance of acquiring diabetic foot ulcers in patients. Due to the slow rate of wound healing in diabetic patients, people with foot ulcers frequently use wound care medications. Thus, as the number of diabetic cases rises, the market is expected to witness growth over the forecast period.

Furthermore, key players are expanding their wound care portfolio in Spain, which significantly drives market growth. For instance, in April 2021, Bactiguard expanded its business in the wound care market by partnering with the Spanish company Farmaban S.A. The partnership enables Bactiguard to reach the Spanish market with its full range of products. Hence, considering all these factors, the market is expected to show significant growth over the forecast period.

Thus, due to the rise in chronic wounds, increase in product launches, and strategic collaborations by the key players, the Spain wound care management market is anticipated to witness growth over the forecast period. However, high treatment costs associated with wound care management are hindering market growth to some extent.