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The Sweden Wound Care Management market is Segmented By Product (Wound Care and Wound Closure) and Wound Type.
2018 - 2026
The Sweden Wound Care Management Market is expected to register a CAGR of 6.72% during the forecast period owing to the increasing number of chronic wounds and rising geriatric population.
A diabetic foot ulcer is a major health concern, the severity of which can lead to amputation of the leg. According to the International Diabetes Federation, 2020, there are around 521,200 people are suffering from diabetes in Sweden. People with diabetes tend to have poor circulation which makes it difficult to provide nutrients to the wound, thus making it difficult to heal the wounds.
According to the World Ageing Population, in 2019, around 2,027 people in Sweden are at the age of 65 years and above. Hence, the aforementioned factors are expected to boost Sweden wound care management market growth. However, the complex regulatory scenarios for the approval of the products are expected to hinder market growth.
As per the scope of the report, wound management products are majorly used to treat complex wounds. Wounds and injuries are common afflictions that affect many people. The products are highly resistant to environmental inhibitors and foreign particles and are used by a nurse under the physician’s orders and supervision, for many reasons. Therefore, the rising rates of risk factors and the need for cost-efficient treatments are driving the need for better wound care products.
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Surgical staplers are used in surgical procedures for closing the wounds, surgical incisions, and reconnecting the tissues. The increasing number of surgical procedures, shifting preferences of people to minimally invasive procedures, and rising incidences of wounds are expected to increase the demand of surgical staplers. According to Eurostat, 2017, the number of appendectomy surgical procedures and operations per 100,000 individuals was recorded to be around 127.7 in Sweden. Thus, it is expected to fuel the growth of Sweden wound care management market growth.
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The major players in the Sweden Wound Care Management market are 3M Company, B. Braun Melsungen AG, Coloplast, ConvaTec Group PLC, Hollister Incorporated, Integra LifeSciences, Johnson & Johnson, Molnlycke Health Care, Smith & Nephew and Medtronic Plc. The companies are focusing on growing their presence in the market through initiatives such as mergers, , acquisitions, partnerships and product development.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Burden of Chronic Wounds and Surgical Procedures
4.2.2 Increase in Aging Population
4.3 Market Restraints
4.3.1 Stringent Regulatory Framework
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Wound Care
126.96.36.199 Wound Care Devices
188.8.131.52 Topical Agents
5.1.2 Wound Closure
184.108.40.206 Surgical Staplers
220.127.116.11 Tissue Adhesive, Strips, Sealant, and Glue
5.2 Wound Type
5.2.1 Chronic Wound
5.2.2 Acute Wound
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 3M Company
6.1.2 B. Braun Melsungen AG
6.1.4 ConvaTec Group PLC
6.1.5 Integra LifeSciences
6.1.6 Johnson & Johnson
6.1.7 Molnlycke Health Care
6.1.8 Medtronic Plc
6.1.9 Smith & Nephew
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments