Europe Wound Care Market Overview
Europe Wound Care Market Size was valued at USD 21.3 Billion in 2022. The wound care market industry is projected to grow from USD 22.27 Billion in 2023 to USD 31.927 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.60% during the forecast period (2024 - 2032). Major market drivers anticipated to drive the wound care market in Europe include the rising incidence of diabetes as a result of sedentary lifestyles, the growing frequency of diseases and disorders that hinder wound healing, and the growth in surgical operations.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Wound Care Market Trends
- Increasing Elderly Population is Driving Market Growth
The market CAGR is driven by the growing elderly population’s need for wound care treatment. For example, according to the Germany Federal Statistical Office's 2021 estimate, the country's population was approximately 83.0 million, with 16.2 million of them individuals being over 67. By 2040, this number is expected to increase to 21.4 million. The aging population is expected to fuel the market's expansion since they are more likely to develop chronic illnesses, including diabetes and diabetic foot ulcers. The need for wound care connected to diabetes and other chronic illnesses is anticipated to rise as the aging population in major nations rises. As a result, throughout the projection period, significant market expansion is anticipated.
The substantially rising frequency of hospital visits for wound treatment will result in a greater demand for wound care. Hospital industry growth will be aided by rising healthcare spending to improve patient care and a large number of therapeutic procedures performed in hospitals. In addition, the number of pressure ulcers that occur in hospitals is growing, which raises the value of the sector and highlights the need for improved wound care. The rise in government programs to improve public awareness will also have a major impact on the wound care industry's growth pace. Another significant factor boosting the industry's growth is the advancement of technology. Furthermore, the primary drivers of market expansion would be increased healthcare spending capacity and infrastructure advancements. Thus, driving the wound care market revenue.
Wound Care Market Segment Insights
Wound Care Type Insights
The Europe Wound Care market segmentation, based on type, includes Advanced Wound Dressings, {Antimicrobial Dressings, Alginate Dressings, Hydrocolloid Dressings, Foam Dressings, and Others}, Traditional Wound Care Products, Negative Pressure Wound Therapy, Bioactives {Biological Skin Equivalents, Growth Factors, and Others}, and Others. The Advanced Wound Dressings segment dominated the market mostly. Wounds that are chronic and do not heal are treated using the majority of advanced wound dressings. Therefore, it is expected that the market will expand in tandem with the rise in the occurrence of chronic wounds, like diabetic foot ulcers. For instance, 115,000 individuals in the UK have diabetes at any given time, according to The Independent Diabetes Trust. Although venous leg ulcers cure 278,000 patients annually, diabetic foot ulcers can affect anyone with diabetes. These wounds often take 200 days to heal. Because of the above listed variables, it is consequently expected that the wound care market will expand over the projected time.
Wound Care End User Insights
The Europe Wound Care market segmentation, based on end user, includes Hospitals, Clinics, Homecare Settings, and Others. The hospitals segment dominated the market mostly. The expansion of this segment may be attributed to the global increase in surgical procedures brought on by sedentary lifestyles and the rise in bariatric treatments, which necessitate the use of wound care products to avoid surgery site infections.
Wound Care Application Insights
The Europe Wound Care market segmentation, based on application, includes Chronic Wounds {Diabetic Foot Ulcers, Pressure Ulcers, Venous Leg Ulcers, and Others} and Acute Wounds {Surgical Wounds and Burns}. The chronic wounds segment dominated the market mostly because of the aging population, the increased incidence of chronic illnesses including diabetes & obesity, and the increased need for novel wound care products and treatments. Wounds classified as chronic usually take longer to heal—three months on average. These consist of pressure ulcers, diabetic foot ulcers, venous leg ulcers, and arterial ulcers.
Figure 1: Europe Wound Care Market, by Application, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Wound Care Country Insights
The European market is anticipated to grow at a substantial compound annual growth rate (CAGR) because of the developed healthcare infrastructures in Germany and the United Kingdom, as well as the rising uptake of novel goods in these nations. The growing cases of chronic wounds and the growing geriatric population in the area are predicted to fuel the market's revenue growth. Further factors propelling the market's revenue growth in this region are the use of cutting-edge wound care products and an increase in surgical rates. Furthermore, the region's growing healthcare expenditures and growing consciousness regarding the necessity of wound care are anticipated to propel the market's revenue expansion. Additionally, growth will benefit from the higher spending on R&D initiatives to create cutting-edge technologies.
Figure 2: EUROPE WOUND CARE MARKET SHARE BY REGION 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Wound Care Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the wound care market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, wound care industry must offer cost-effective items.
Major players in the wound care market are attempting to increase market demand by investing in research and development operations includes Coloplast A/S (Denmark), Paul Hartmann AG (Germany), Mölnlycke Health Care AB (Sweden), Medtronic (Ireland), Smith & Nephew (U.K.), ConvaTec Group PLC(U.K.), Integra Lifesciences (U.S.), B. Braun Melsungen AG (Germany), and 3M (U.S.).
Key Companies in the wound care market include
-
Coloplast A/S(Denmark)
-
Paul Hartmann AG (Germany)
-
Mölnlycke Health Care AB (Sweden)
-
Medtronic (Ireland)
-
Smith & Nephew (U.K.)
-
ConvaTec Group PLC (U.K.)
-
Integra Lifesciences (U.S.)
-
B. Braun Melsungen AG (Germany)
-
3M (U.S.)
Wound Care Industry Developments
June 2023:The epicite balancing wound dressing was initially introduced to the German market by JeNaCell. For chronic wounds with low to medium exudation, such as pressure ulcers, diabetic foot ulcers, venous leg ulcers, arterial leg ulcers, and soft tissue lesions, this dressing is perfect. The corporation wanted to increase revenue and broaden its services, so it made this strategic introduction.
June 2022:Smith & Nephew announced the opening of a new manufacturing and research facility in the United Kingdom for its advanced wound care management division. It is projected that within the first ten years of operation, the new production facility will increase the company's sales by USD 10 billion.
Wound Care Market Segmentation
Wound Care Type Outlook
Wound Care End User Outlook
-
Hospitals
-
Clinics
-
Homecare Settings
-
Others
Wound Care Application Outlook
-
Chronic Wounds
-
Diabetic Foot Ulcers
-
Pressure Ulcers
-
Venous Leg Ulcers
-
Others
-
Acute Wounds
Wound Care Regional Outlook
-
Europe
-
Germany
-
France
-
United Kingdom
-
Italy
-
Spain
-
Sweden
-
Denmark
-
Luxembourg
-
Norway
-
Austria
-
Rest of Europe
| Report Attribute/Metric |
Details |
| Market Size 2022 |
USD 21.3 Billion |
| Market Size 2023 |
USD 22.27 Billion |
| Market Size 2032 |
USD 31.927 Billion |
| Compound Annual Growth Rate (CAGR) |
4.60% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019-2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Type, End User, Application, and Region |
| Region Covered |
Europe |
| Countries Covered |
Germany, France, United Kingdom, Italy, Spain, Sweden, Denmark, Luxembourg, Norway, Austria, and Rest of Europe |
| Key Companies Profiled |
Coloplast A/S (Denmark), Paul Hartmann AG (Germany), Mölnlycke Health Care AB (Sweden), Medtronic (Ireland), Smith & Nephew (U.K.), ConvaTec Group PLC (U.K.), Integra Lifesciences (U.S.), B. Braun Melsungen AG (Germany), and 3M (U.S.) |
| Key Market Opportunities |
Importance of sustainable environmental practices and home-based wound care solutions |
| Key Market Dynamics |
Growing numbers of surgeries and government programs Increase in both acute and chronic wound cases |
Frequently Asked Questions (FAQ) :
The Europe Wound Care market size was valued at USD 22.27 Billion in 2023.
The market is projected to grow at a CAGR of 4.60% during the forecast period, 2024-2032.
The key players in the market are Coloplast A/S (Denmark), Paul Hartmann AG (Germany), Mölnlycke Health Care AB (Sweden), Medtronic (Ireland), Smith & Nephew (U.K.), ConvaTec Group PLC (U.K.), Integra Lifesciences (U.S.), B. Braun Melsungen AG (Germany), and 3M (U.S.).
The Advanced Wound Dressings category dominated the market in 2023.
The hospitals category had the largest share of the market.
