Market Trends of Europe Advanced Wound Care Industry
This section covers the major market trends shaping the Europe Advanced Wound Care Market according to our research experts:
Under Wound Dressings, Foam Dressings are Projected to Register Significant Growth
Foam dressing is a highly absorbent dressing used for wound care. Foam dressings need less changing dressings when compared to other types of dressings. The advantage of foam dressings is that foam help in maintaining a moist wound environment. Also, the foam helps cushion the wound and peri-wound area from additional trauma and provides thermal insulation for wounds.
Furthermore, these dressings are easy to remove and cause less trauma, hence widely used in most wound dressings. Lower extremities chronic ulcers, in particular those linked to diabetes, venous disease, or arterial disease Thus, it is anticipated that as diabetes rates rise, the number of ulcer cases requiring advanced wound care will also rise. Thus, it is anticipated that the market will develop as diabetes rates rise.
In addition to this, advancements in products and new launches are expected to boost the segment growth over the forecast period. For instance, in November 2020, Advanced Medical Solutions (AMS), a surgical and advanced wound care specialist company, received a Conformitè Europëenne (CE) mark for its product 'Silicone PHMB Foam Dressing.' It is a polyurethane foam impregnated with Polyhexamethylene Biguanide along with an atraumatic perforated silicone wound contact layer. Hence, owing to the aforementioned factors, the market for foam dressings is expected to have significant growth over the forecast period.
Moreover, In October 2021, Germany's Covestro initiated the European Union (EU) project to research the recycling of polyurethane (PU) foams. The Circular Foam project involves 22 partners from nine EU countries. The project will also save EUR 150 million/year in PU incineration costs. Hence, such initiatives are expected to increase market growth by reducing the cost of raw materials. Thus, the abovementioned factors are expected to increase market growth.
France is Expected to Dominate the Market Over the Forecast Period
The rise in the number of chronic diseases such as diabetes in France is expected to augment the demand for wound dressing products in the country as surgical wounds are more frequently managed with wound dressings.
The increasing incidences of diabetes may further lead to growth in this market. The growing prevalence of several lifestyle disorders leading to chronic wounds, such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers, is one of the key factors estimated to encourage the growth of the advanced wound care market in the coming years. As per the report of the International Diabetes Foundation 2021 report, about 3.94 million adults of age 20-79 years were living with diabetes in France in 2021 and their number is estimated to increase to 4.23 million by 2045. Hence, a high number of the diabetic population indicates the chances of a rise in diabetes-related ulcers or wounds, which is believed to propel the growth of the French advanced wound care market.
Product launches are another factor in market growth. For instance, in January 2022, Accel-Heal was launched in France. Accel-Heal facilitates the wider adoption of electrical stimulation wound therapy. The 12-day therapy is designed to be used by patients in the comfort and convenience of their own homes. Accel-Heal is suitable for use with existing dressing regimes and can be applied to all types of chronic wounds including difficult-to-dress wounds such as diabetic foot ulcers. Hence, due to the abovementioned factors, the market is likely to increase in the future.
