(PharmaNewsWire.Com, May 26, 2017 ) As per the syndicated report published by Market Data Forecast, Europe Wound Care Management Devices Market which is estimated to be USD 4.86 billion in 2016 and expected to grow at a CAGR of 3.62%, to reach USD 5.81 billion by 2021 with a cumulative growth rate of USD 0.95 billion in the span of five years.
It can attributed to the factors such as increasing aging population, growing in purchasing power due to higher disposable incomes and rising incidence of chronic diseases. Factors impelling the wound care management devices products include minimum need of bed capacity in hospitals and shifting inclination towards home care therapies that improve healing and reduce hospital time. However, the market is constrained by challenges, such as costly procedures and lack of proper reimbursements.
Wound care treatment and management have been practiced since prehistory. The area of medical technology has continued to advance the science of wound care treatment and management.
Today there are many types of modern wound care devices (MWCDs) that can be used to treat different kinds of wounds, depending on the cause and the type of wound. Different types of MWCDs include wound closure devices, synthetic dressings, antimicrobial wound dressings and negative pressure wound therapy (NPWT).
MWCDs compared with the traditional wet or dry gauze have been shown to be more effective for wound healing and protection against secondary infection.
Europe Wound Care Management Devices Market is segmented based on product, type of wound and end-users below for obtaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts. By Product Advanced Wound Management Products Advanced Wound Dressings Foam Dressings Silicone Foam Dressings Other Foam Dressings Hydrocolloid Dressings Film Dressings Alginate Dressings Hydrogel Dressings Collagen Dressings Other Dressings Therapy Devices Negative Pressure Wound Therapy Conventional NPWT Portable NPWT Disposable NPWT Pressure Relief Devices Oxygen and Hyperbaric Oxygen Devices Electrical Stimulation Devices Other Therapy Devices Active Wound Care Artificial Skin and Skin Substitutes Topical Agents Surgical Wound Care Tissue Adhesives, Sealants & Glues Anti-infective Dressings Traditional/Basic Wound Care Medical Tapes Dressings Cleansing Agents Type of Wound Chronic Wounds Diabetic Foot Ulcers (DFU) Pressure Ulcer Venous Leg Ulcer Other Chronic Wounds Acute Wounds Surgical & traumatic wounds Burns End User Hospitals Clinics Home Care Settings
Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe). Germany and France are expected to grow at highest CAGR in the forecast period.
The prominent players in the wound care market are Coloplast A/S (Denmark.), Baxter International Inc. (U.S.), Hollister Inc. (U.S.), Mφlnlycke Health Care (Sweden), 3M Company (U.S.), Covidien PLC (Ireland), Ethicon Inc. (U.S.), Derma Sciences Inc. (U.S.), Convatec Healthcare B.S.A.R.L (U.S.), Acelity L.P/ (U.S.), and Smith & Nephew (U.K.).
The Wound Care Management Devices market study offers the following deliverables:
Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porters Five Forces Analyses Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
Checkout other related studies in the Europe Medical Devices Segment:
About us: The publisher of this report Market Data Forecast is well known for the services they render in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering Europe among other regions of the global market as well, that too with competitive pricing options.
We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Biotechnology & Pharmaceuticals resource center today to browse our selection of 600+ complimentary Biotechnology & Pharmaceuticals magazines, white papers, webinars, podcasts, and more. Get popular titles including:
