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United Kingdom Wound Care Management Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
The UK Wound Care Management Market is Segmented by Product (Wound Care and Wound Closure) and Wound Type.
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2018 - 2026
Base Year:
2020
CAGR:
6.8 %
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Market Overview
The growth of the wound care management market is attributed to the increase in the geriatric population, rising incidences of a chronic wound, and an increase in the number of surgeries
According to the National Institute of Health, one in every 16 people in the United Kingdom is suffering from diabetes. The prevalence of diabetes is around 6% of the overall population. Nearly one-third of the diabetic population develop foot ulceration within a year of diagnosis. ‘Diabetic foot’ refers to infection, ulceration, and possible amputation of a foot or leg among diabetics. Incidences of chronic wounds, especially foot ulcers, are common among the diabetic population. While more than 80,000 adults are expected to undergo a lower extremity amputation, diabetics are 10 times more likely to undergo amputation at some point in their lifetime. The diabetic population is likely to grow in the United Kingdom, which, in turn, is anticipated to drive the market for wound care management devices during the forecast period.
Scope of the Report
As per the scope of this report, the term wound care management is the utilization of different products and technologies for the healing of wounds. In simple words, it is the treatment given for both acute and chronic wounds.
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Key Market Trends
The Surgical Staplers Segment is Expected to Grow Rapidly over the Forecast Period
Surgical staplers are specialized medical staplers, which can be used as an alternative to sutures for the purpose of wound closure. They can be used during minimally invasive image-guided procedures. With the rise in demand for minimally invasive surgeries, the surgical staplers 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, and cardiothoracic and orthopedic surgeries.
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Competitive Landscape
The UK wound care management devices market is moderately competitive and consists of several major players. The companies are implementing certain strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships, which help them in strengthening their market positions. For instance, in December 2017, Smith & Nephew announced the European launch of MolecuLight i:X, which is a handheld imaging device that can be used to instantly measure wound surface area and visualize the presence of potentially harmful bacteria in it.
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Geriatric Population
4.2.2 Growing Burden of Chronic Wound and Related Diseases
4.2.3 Growing Technological Advancement in Surgical Procedures
4.3 Market Restraints
4.3.1 High Cost
4.3.2 Lack of Proper Reimbursements
4.4 Porter's Five Forces 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
5.1.1.1 Dressings
5.1.1.2 Bandages
5.1.1.3 Topical Agents
5.1.1.4 Wound Care Devices
5.1.2 Wound Closure
5.1.2.1 Suture
5.1.2.2 Surgical Staplers
5.1.2.3 Tissue Adhesives, Sealants, and Glue
5.2 By Wound Type
5.2.1 Chronic Wound
5.2.1.1 Diabetic Foot Ulcer
5.2.1.2 Pressure Ulcer
5.2.1.3 Arterial and Venous Ulcer
5.2.1.4 Other Chronic Wound
5.2.2 Acute Wound
5.2.2.1 Surgical Wounds
5.2.2.2 Burns
5.2.2.3 Other Acute Wounds
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Johnson & Johnson
6.1.2 KCI Inc.
6.1.3 3M
6.1.4 Smith & Nephew
6.1.5 Convatec Inc.
6.1.6 Medtronic PLC
6.1.7 Beiersdorf
6.1.8 Coloplast AS
6.1.9 Molnlycke Health Care
6.1.10 Derma Sciences
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
*List Not Exhaustive
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments
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