Sweden Wound Care Management Market Size

Sweden Wound Care Management Market Analysis

The Swedish wound care management market is expected to register a CAGR of 5.7% over the forecast period.

The COVID-19 pandemic led to serious problems in all healthcare services across the world. The emergence of the COVID-19 pandemic changed the delivery of medical care worldwide. The increased pressure due to the growing hospitalization rate of COVID-19 patients led to the re-profiling of many hospitals and departments for treating patients with this infection. For instance, according to a study published in the Journal of Surgical Case Reports in May 2020, the COVID-19 pandemic severely affected the manner of delivery, duration, and quality of service in wound management and reduced the number of elective surgeries performed to meet the need for accommodating COVID-19 patients. Due to the suspension of face-to-face contact times with patients, some diagnosis and treatment attempts were not performed during the pandemic. However, the market gained significant traction as COVID-19 cases declined and hospitals resumed their services. The market is expected to reach the pre-COVID-19 level by mid-2023.

The factors driving the market in Sweden are the growing burden of chronic wounds and surgical procedures and the aging population in the region. The growing burden of chronic wounds and surgical procedures is increasing the demand for associated wound management products, thereby driving the market. For instance, as per the European Journal of Trauma and Emergency Surgery study in July 2021, there was an annual increase in firearm-related injuries and fatalities in Sweden, thereby increasing the demand for wound care management. Sweden's growing number of other surgical procedures is also fueling the market. For instance, according to the Swedish Health Services 2022, the surgeries performed in Sweden in 2021 were 36,046. Wound care management is performed after the surgery to avoid infections. Thus, the high number of surgeries and the required wound care management are expected to drive the market's growth in the future.

The aging population in the region is increasing the demand for wound care management, thereby significantly driving the market. According to Statistics Sweden, updated in May 2022, 20% of people were older than 65 and eligible for retirement. By 2040, this percentage is expected to rise to 23%. As the vast majority of chronic wounds are linked to diseases that affect older people more frequently than younger people, and with older patients seeing fewer wound closures than the younger population, the rising geriatric population is expected to drive the market in the country.

Though such factors are expected to show significant growth over the forecast period, stringent regulatory framework may slow down the market.