Europe Bioactive Wound Management Market to Grow at a CAGR of 7.0% to reach US$ 792.10million from 2020 to 2027

Europe Bioactive Wound Management Market to 2027- Covid-19 Impact and Regional Analysis by Product (Bioengineered Skin Substitutes, Collagen-based Dressing, Antimicrobial Dressings, Alginates, and Hydrocolloids) ; Application (Pressure Ulcers, Diabetic Foot Ulcers, Venous Leg Ulcers, Burn Wounds, and Surgical Wounds); End User ([Hospitals and Clinics, Ambulatory Surgical Centers, and Others)], and Country Pages: 128

Publication Month : Jul 2020

  • Report Code : TIPRE00012095
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 128
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The Europe bioactive wound management market is expected to reach US$ 792.10million by 2027 from US$ 465.39million in 2019; it is estimated to grow at a CAGR of 7.0% from 2020 to 2027.

Growing prevalence of wounds and ulcers, and increasing number of surgical procedures are the key factors driving the bioactive wound management market. However, high cost associated with wound care management is the major factor hindering the market growth in Europe.

The wound dressing made by using biomaterials is known as bioactive wound care dressings. These wound dressing materials are designed to be in direct contact with the injury and prevent the chances of further infection. These dressings are made up of both synthetics as well as natural polymers. The rise in diabetes cases, as well as skin injuries due to burns, is expected to fuel the growth of the Europe bioactive wound management market during the estimated period.

The rise in the incidence of chronic injuries and an increased number of surgical procedures are contributing to the growth of the market. The prevalence of surgical site infection is anticipated to rise owing to the growing number of surgeries. As per the Eurostat in 2017, approximately 1.4 million people undergo caesarean sections. For instance, according to international diabetes federation, it has been estimated that there were approximately 7,476,800 cases of diabetes in Germany in 2017. The diabetic patients who undergo certain procedures may get surgical wound. These procedures may cause certain injury in patient in which advanced wound care products plays an important role in healing such wounds. Bioactive wound management products allow rapid healing of surgical site infection; the rising number of surgical procedures is anticipated to surge the demand for these products in the near future.

Moreover, the rising cases of injuries caused by traumatic events and road accidents are one of the major factors driving the market growth. For instance, in 2016, traffic accidents were the fifth cause of death in the EU, with roughly six people out of every 100,000 dying on the roads of the European Union. Additionally, burn injuries are another major cause of developing chronic wounds. Moreover, burn infections have increased in the last few years due to a lack of proper wound management after surgical procedures. As per the German Society for Burn Treatment, about 10,000 to 15,000 people with burn injuries are getting admitted to hospital annually in Germany. Road accidents, burn injuries, and other traumas have increased the number of surgeries. Such cases are expected to surge the demand for rapid wound healing products in the coming years.

After Asia, the European region is highly affected by the outbreak of the COVID-19 pandemic. Countries like Italy, Spain, the UK, Germany, France, Russia, and Switzerland are highly affected.Therefore, to control the spread of COVID-19, governments of various countries have implemented lockdown. However, the services for chronic wound care have reduced dramatically. Furthermore, the trade for wound care management has been reduced for the time being, which has resulted in a loss for various companies.

Rest of Europe Bioactive wound management Market,Revenue and Forecast to 2027 (US$ Mn)

Rest of Europe Bioactive wound management Market,Revenue and Forecast to 2027 (US$ Mn)
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EUROPE BIOACTIVE WOUND MANAGEMENT MARKET SEGMENTATION

By Product

  • Alginates
  • Collagen-based Dressing
  • Antimicrobial Dressings
  • Bioengineered Skin Substitutes
  • Hydrocolloids


By Application

  • Burn Wounds
  • Surgical Wounds
  • Pressure Ulcers
  • Diabetic Foot Ulcers
  • Venous Leg Ulcers


By End User

  • Hospitals and Clinics
  • Ambulatory Surgical Centers
  • Others


By Country

  • Germany
  • UK
  • France
  • Italy
  • Spain

Company Profiles

  • Smith & Nephew
  • Hartman Group
  • Tissue Regenix Group
  • Coloplast Group
  • ConvaTec Group Plc
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product, Application, End User ], and Country Pages: 128

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

The List of Companies - Europe Bioactive Wound Management Market

  1. Smith & Nephew
  2. Hartman Group
  3. Tissue Regenix Group
  4. Coloplast Group
  5. ConvaTec Group Plc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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