Spain Wound Care Management Market Size (2024 - 2029)

The wound care management market in Spain is expected to experience growth over the forecast period, driven by an increase in chronic wounds, accident cases, and new product launches. The market size is influenced by factors such as the rising incidence of diabetic foot ulcers and the growing burden of diabetes, which contribute to the demand for wound care medications. Despite the challenges posed by high treatment costs, strategic collaborations and expansions by key players are enhancing the market's potential. The market's expansion is further supported by the lifting of COVID-19 restrictions, which had previously impacted treatment availability and wound care management.

Market Size of Spain Wound Care Management Industry

Spain Wound Care Management Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 4.70 %
Market Concentration Low

Major Players

Spain Wound Care Management Market Major Players

*Disclaimer: Major Players sorted in no particular order

Spain Wound Care Management Market Analysis

Spain's Wound Care Management Market is poised to register a CAGR of 4.7% over the forecast period.

The COVID-19 pandemic had a significant impact on the wound care management market in Spain owing to factors such as reduced cases of accidents and chronic wounds, which were majorly attributed to the lockdown all over the country and the restriction on non-emergency procedures in the hospitals. However, chronic wounds were found in COVID patients across the country. For instance, as per the Spain-specific study published by the National Institute of Health in June 2022, a study was carried out on around 119 patients with acute and chronic wounds. The prevalence of chronic wounds was around 7.6%, and the incidence was 3.5% in the internal medicine units. Pressure injuries (PIs) were the most common wounds, and COVID-19-affected patients had a higher risk of developing pressure ulcers. Furthermore, due to the fear of COVID transmission in hospitals, people were unable to receive significant treatment during the pandemic.However, as restrictions are lifted, the market is expected to grow in the coming years due to an increase in chronic wounds, an increase in accident cases, and new product launches.

The major factors driving the growth of the market in Spain include increasing incidences of chronic wounds and ulcers, diabetic foot ulcers, and the rising burden of diabetes. For instance, according to the article published by the National Institute of Health in February 2021 in PubMed, chronic wounds were becoming more widespread in Barcelona every year and were more common among women. In addition, diabetic foot ulcers were playing a crucial role in the increasing burden of chronic wounds in Barcelona. The rate of prevalence in the general population was around 6.7% to 12%. Furthermore, as per the IDF Atlas, 10th Edition, the number of people with diabetes in Spain was 5,141.3 in 2021. This number is anticipated to rise to 5,576 by 2030. Hence, an increase in the number of diabetes cases is likely to boost the chance of acquiring diabetic foot ulcers in patients. Due to the slow rate of wound healing in diabetic patients, people with foot ulcers frequently use wound care medications. Thus, as the number of diabetic cases rises, the market is expected to witness growth over the forecast period.

Furthermore, key players are expanding their wound care portfolio in Spain, which significantly drives market growth. For instance, in April 2021, Bactiguard expanded its business in the wound care market by partnering with the Spanish company Farmaban S.A. The partnership enables Bactiguard to reach the Spanish market with its full range of products. Hence, considering all these factors, the market is expected to show significant growth over the forecast period.

Thus, due to the rise in chronic wounds, increase in product launches, and strategic collaborations by the key players, the Spain wound care management market is anticipated to witness growth over the forecast period. However, high treatment costs associated with wound care management are hindering market growth to some extent.

Spain Wound Care Management Industry Segmentation

As per the scope of the report, wound management products are primarily used to treat complex wounds. Wounds and injuries are common afflictions that affect billions of people worldwide. The products are highly resistant to environmental inhibitors and foreign particles and are used by a nurse under a physician's orders and supervision, for many reasons. Wound Care (Dressings, Bandages, Other Wound Care Products), Wound Closure (Sutures, Surgical Staplers, Tissue Adhesive-Strip-Sealant & Glue), and Wound Type (Chronic Wound (Diabetic Foot Ulcer, Pressure Ulcer, Other Chronic Wounds), Acute Wound (Surgical Wounds, Burns, Other Acute Wounds, Other Acute Wounds) The report offers the value (in USD million) for the above segments.

By Product
Wound Care
Dressings
Wound Care Devices
Topical Agents
Other Wound Care Products
Wound Closure
Suture
Surgical Staplers
Tissue Adhesive, Strips, Sealant, and Glue
By Wound Type
Chronic Wound
Diabetic Foot Ulcer
Pressure Ulcer
Arterial and Venous Ulcer
Other Chronic Wounds
Acute Wound
Surgical Wounds
Burns
Other Acute Wounds
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Spain Wound Care Management Market Size Summary

The wound care management devices market in Spain is expected to experience steady growth over the forecast period, driven by an increase in chronic wounds, accident cases, and the rising prevalence of diabetes. The COVID-19 pandemic initially hindered market growth due to reduced accident cases and restrictions on non-emergency medical procedures. However, the lifting of these restrictions is anticipated to boost the market as more patients seek treatment for chronic wounds and injuries. The market is further supported by the introduction of new products and strategic collaborations among key players, which are expanding their portfolios to meet the growing demand for advanced wound care solutions.

The market landscape is characterized by a fragmented environment with numerous international and local players, including prominent companies like 3M, Medtronic PLC, and Smith & Nephew. These companies are actively developing innovative products to cater to the evolving healthcare needs in Spain. The demand for sutures is expected to rise due to an increase in accident cases, while the diabetic foot ulcer segment is poised for growth owing to the rising diabetes cases and healthcare expenditures. Additionally, clinical studies and partnerships, such as those involving NATROX Wound Care and Histocell, are expected to enhance the availability and effectiveness of wound care products, further driving market expansion.

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Spain Wound Care Management Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Incidences of Chronic Wounds, Ulcers and Diabetic Ulcers

      2. 1.2.2 Increase in the Number of Surgical Procedures

    3. 1.3 Market Restraints

      1. 1.3.1 Lack of Reimbursement Policies

      2. 1.3.2 High Treatment Costs

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION (Market Size Value - in USD million)

    1. 2.1 By Product

      1. 2.1.1 Wound Care

        1. 2.1.1.1 Dressings

        2. 2.1.1.2 Wound Care Devices

        3. 2.1.1.3 Topical Agents

        4. 2.1.1.4 Other Wound Care Products

      2. 2.1.2 Wound Closure

        1. 2.1.2.1 Suture

        2. 2.1.2.2 Surgical Staplers

        3. 2.1.2.3 Tissue Adhesive, Strips, Sealant, and Glue

    2. 2.2 By Wound Type

      1. 2.2.1 Chronic Wound

        1. 2.2.1.1 Diabetic Foot Ulcer

        2. 2.2.1.2 Pressure Ulcer

        3. 2.2.1.3 Arterial and Venous Ulcer

        4. 2.2.1.4 Other Chronic Wounds

      2. 2.2.2 Acute Wound

        1. 2.2.2.1 Surgical Wounds

        2. 2.2.2.2 Burns

        3. 2.2.2.3 Other Acute Wounds

Spain Wound Care Management Market Size FAQs

The Spain Wound Care Management Market is projected to register a CAGR of 4.70% during the forecast period (2024-2029)

Medtronic PLC, Smith & Nephew, ConvaTec Group PLC, Coloplast A/S and 3M are the major companies operating in the Spain Wound Care Management Market.

Wound Care Management Devices Market in Spain Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)