Market Size of Sweden Wound Care Management Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 5.70 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Sweden Wound Care Management Market Analysis
The Swedish wound care management market is expected to register a CAGR of 5.7% over the forecast period.
The COVID-19 pandemic led to serious problems in all healthcare services across the world. The emergence of the COVID-19 pandemic changed the delivery of medical care worldwide. The increased pressure due to the growing hospitalization rate of COVID-19 patients led to the re-profiling of many hospitals and departments for treating patients with this infection. For instance, according to a study published in the Journal of Surgical Case Reports in May 2020, the COVID-19 pandemic severely affected the manner of delivery, duration, and quality of service in wound management and reduced the number of elective surgeries performed to meet the need for accommodating COVID-19 patients. Due to the suspension of face-to-face contact times with patients, some diagnosis and treatment attempts were not performed during the pandemic. However, the market gained significant traction as COVID-19 cases declined and hospitals resumed their services. The market is expected to reach the pre-COVID-19 level by mid-2023.
The factors driving the market in Sweden are the growing burden of chronic wounds and surgical procedures and the aging population in the region. The growing burden of chronic wounds and surgical procedures is increasing the demand for associated wound management products, thereby driving the market. For instance, as per the European Journal of Trauma and Emergency Surgery study in July 2021, there was an annual increase in firearm-related injuries and fatalities in Sweden, thereby increasing the demand for wound care management. Sweden's growing number of other surgical procedures is also fueling the market. For instance, according to the Swedish Health Services 2022, the surgeries performed in Sweden in 2021 were 36,046. Wound care management is performed after the surgery to avoid infections. Thus, the high number of surgeries and the required wound care management are expected to drive the market's growth in the future.
The aging population in the region is increasing the demand for wound care management, thereby significantly driving the market. According to Statistics Sweden, updated in May 2022, 20% of people were older than 65 and eligible for retirement. By 2040, this percentage is expected to rise to 23%. As the vast majority of chronic wounds are linked to diseases that affect older people more frequently than younger people, and with older patients seeing fewer wound closures than the younger population, the rising geriatric population is expected to drive the market in the country.
Though such factors are expected to show significant growth over the forecast period, stringent regulatory framework may slow down the market.
Sweden Wound Care Management Industry Segmentation
As per the scope of the report, wound management products are majorly used to treat complex wounds. Wounds and injuries are common afflictions that affect many people. The products are highly resistant to environmental inhibitors and foreign particles and are used by a nurse under the physician's orders and supervision for many reasons.
The Swedish wound care management market is segmented by product type (wound care (dressings, wound care devices, topical agents, and others), wound closure (sutures, surgical staplers, tissue adhesives, strips, sealants, and glue), wound type (chronic wound, acute wound)). The report offers the value (in USD million) for the above segments.
By Product | ||||||
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By Wound Type | |
Chronic Wound | |
Acute Wound |
Sweden Wound Care Management Market Size Summary
The Swedish wound care management market is poised for growth, driven by an increasing burden of chronic wounds, surgical procedures, and a rapidly aging population. The market experienced disruptions during the COVID-19 pandemic, which necessitated a shift in healthcare priorities and affected the delivery of wound care services. However, as the pandemic's impact waned, the market began to recover, reaching pre-pandemic levels. The demand for wound management products is bolstered by the rising incidence of firearm-related injuries and the high number of surgeries performed in the country, which necessitate effective post-operative wound care. The aging demographic further amplifies this demand, as chronic wounds are more prevalent among older individuals, thereby fueling market expansion.
Technological advancements and strategic initiatives by key market players are also contributing to the market's growth. The adoption of surgical staplers and advanced wound dressing products is on the rise, supported by robust research and development efforts. Companies like Essity and Mölnlycke are leading innovations in wound care technologies, enhancing healing outcomes and reducing treatment costs. The fragmented nature of the market, with numerous companies engaging in mergers, acquisitions, and partnerships, underscores the competitive landscape. Notable players such as Johnson & Johnson, Smith & Nephew, and Medtronic are actively expanding their market presence, further driving the growth of the Swedish wound care management market.
Sweden Wound Care Management Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Growing Burden of Chronic Wounds and Surgical Procedures
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1.2.2 Increasing Aging Population
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1.3 Market Restraints
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1.3.1 Stringent Regulatory Framework
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD million)
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2.1 By Product
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2.1.1 Wound Care
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2.1.1.1 Dressings
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2.1.1.2 Wound Care Devices
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2.1.1.3 Topical Agents
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2.1.1.4 Others
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2.1.2 Wound Closure
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2.1.2.1 Sutures
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2.1.2.2 Surgical Staplers
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2.1.2.3 Tissue Adhesives, Strips, Sealants, and Glue
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2.2 By Wound Type
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2.2.1 Chronic Wound
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2.2.2 Acute Wound
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Sweden Wound Care Management Market Size FAQs
What is the current Sweden Wound Care Management Market size?
The Sweden Wound Care Management Market is projected to register a CAGR of 5.70% during the forecast period (2024-2029)
Who are the key players in Sweden Wound Care Management Market?
Johnson & Johnson, Smith & Nephew, Medtronic Plc, 3M and B. Braun SE are the major companies operating in the Sweden Wound Care Management Market.