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Europe Advanced Wound Care Market Revenue to Surpass $4.2 Bn by 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
According to a recent study from market research firm Graphical Research, the Europe advanced wound care market size is poised to expand at substantial CAGR during the forecast period. With the rise in surgical procedures and technological advancements, stakeholders are slated to infuse funds in Europe advanced wound care market. Number of patients infected with surgical wounds have surged dramatically, majorly attributed to unprecedented rise in accidents. Technologically advanced wound care products will gain uptick from research and development activities. According to a forecast, Europe advanced wound care market size will surpass USD 4.2 billion by 2027. Considering the rise in road accidents across the region, the trend for wound dressings is likely to be witnessed in the industry. It is worth noting that road accidents lead to increased blood loss owing to major and minor injuries, stimulating the demand for antimicrobial dressings. The industry share from the wound dressings segment is likely to expand at a moderate CAGR of around 3.5% between 2021-2027. End-markets are likely to exhibit traction for wound therapy devices such as pressure relief devices and hyperbaric oxygen equipment. Of late, the development of NPWT systems has propelled healing process and reduced wound closure time. Concerted efforts toward research and development activities will propel the footprint of wound therapy devices. Leading companies are developing portable NPWT systems to boost convenience and ease of use. The wound therapy devices segment is likely to expand at a CAGR of more than 4.9% through 2027. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Browse detailed statistical insights from the report, “Europe Advanced Wound Care Market” along with the table of contents (ToC) @https://bit.ly/3isXiCB Get sample copy of this research report @ https://www.graphicalresearch.com/request/1688/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Hyperbaric oxygen equipment and negative pressure wound therapy devices will propel the revenue stream, expediting quick recovery rates in chronic wound cases. Prominent companies are developing novel wound care products and manufacturing technologically advanced products. For instance, Smith & Nephew rolled out PICO 14 single use negative pressure wound therapy systems (sNPWT). With a staggering rise in diabetic population and prevalence of lesser wound healing rates, diabetic wound care has gained a considerable uptick. Besides, clinicians have exhibited traction for advanced wound care therapy to boost diabetic wound healing. Stakeholders are poised to inject funds in hospitals as end-markets continue to exhibit traction for hospital settings for wound care. More importantly, adoption of wound therapy devices for the treatment of diabetic foot ulcers has played a pivotal role in augmenting the number of patients in hospitals. The Europe advanced wound care market revenue from the hospital segment was pegged at over USD 1.2 billion in 2020 and is forecast to grow at a similar trajectory in the next few years. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Even though hospital settings will reign supreme, end-users will continue to show inclination for homecare settings. Considering the rise in hospital acquired infections, patients are likely to prefer homecare settings to hospitals. Homecare settings will provide lucrative growth opportunities to receive treatment in the safety of home environment. The Europe advanced wound care market size of the homecare settings exceeded USD 905 million in 2020 and will surge robustly through 2027. Industry players are likely to envisage Germany as a promising market as advanced wound care products continue to gain popularity in the region. Robust initiatives undertaken by public and private organizations will further solidify the position of Germany in the landscape. The market uptake in the U.K. will be pronounced owing to rampant chronic disorders, including foot ulcers and diabetes. Moreover, soaring income level and rising healthcare expenditure will augur well for the industry size expansion. The U.K. advanced wound care market will expand at around 4% through 2027. Leading companies are emphasizing product portfolio expansion with organic and inorganic growth strategies for bolstering financial stability. For instance, Hartmann announced the roll out of new silicone foam dressings in February 2018. Some of the leading in the landscape are Medtronic, Hollister Incorporated, ConvaTec Group and Coloplast Corp, among others. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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