Europe Wound Care Market Size, Share, By Product, Wound Type, End User, and By Country - Trends, Analysis and Forecast till 2035

Report Code: PMI569224 | Publish Date: November 2024 | No. of Pages: 183

Europe Wound Care Market Overview

  • Europe wound care market size was valued at USD 7.5 Billion in 2024.
  • The target market is projected to grow at USD 11.4 Billion in 2035.
  • The market is growing at a CAGR of 4.50%.

Wound care involves keeping would clean and covered to prevent infection. Target market is driven by the increasing cases of diabetic foot ulcers, pressure ulcers, leg ulcers, and increasing demand. In addition, increasing R&D activities in the region is another factor propelling the market growth. Furthermore, collaborations and partnerships between companies, which help to achieve growth is also anticipated to create opportunities for growth of the global market over the forecast period.

Key Takeaways:

  • The U.K. dominates the market due to increasing number of diabetic patients.
  • For Instance, according to the British Diabetic Association, more than 5.6 million people in the U.K. are living with diabetes. Additionally, 1.2 million people could be living with type 2 diabetes who are yet to be diagnosed. These registration figures for 2022-23 are up by 167, 822 from 2021-22.
  • Additionally, Spain is fastest growing market for wound care. This is due to growing expenditure on healthcare.
  • For Instance, health spending has seen a large increase as a percentage of GDP, following the COVID-19 pandemic in 2020, with public expenditure representing 71.1% of the total expenditure on health in 2021.

Europe Wound Care Market Report

Europe Wound Care Market Drivers & Restraints

Key Drivers of Target Market:

Increasing Diabetic Patients is contributing to Market Expansion

Healing of wounds are difficult in diabetic patients. Uncontrolled diabetes also affect circulation by causing slow blood movement, which make it more difficult for the body to deliver nutrients to wounds. Thus, wound care is most important for diabetic patients.

For Instance, according to the WHO, diabetes is one of the most common chronic conditions in the European region. Europe has the highest rate of type 1 diabetes globally. It is estimated that 1 in 10 people living in the region will have diabetes by 2045. 

Restraints:

High Cost Associated with Wound Care can Limit Market Growth

Wound care involves high-end medical devices, medications, bio-materials, and costly equipment’s. These treatments become unaffordable without strengthen public healthcare infrastructure.

  • Counterbalance Statements: Integration of advance technologies in production of medicines, or manufacturing of medical devices for wound care treatment can lower the cost of it.

Opportunities:

Advance Technologies Will Propels Market Growth in Upcoming Years

Integration of advance technologies, such as smart bandages, bioengineered skin substitutes, electromagnetic therapy, hyperbaric oxygen therapy, bioactive dressings, among others are expected to provide phenomenal growth opportunities to the market.

  • For Instance, In October 2024, Swift Medical, a pioneer in digital wound care, has unveiled the new Skin & Wound 2 platform. Skin & Wound 2 is built with the advancements of the healthcare landscape in mind and to take further advantage of Swift’s patented AI technologies. The new, state-of-the-art platform incorporates the latest FHIR standard, along with the best-in-class imaging and documentation in the market, which is tightly integrated with premier EMR platforms, including Homecare and Homebase

Europe Wound Care Market Segmentations & Regional Insights

The Europe wound care market is categorized into product, wound type, end-user, and country.

Product:

Based on the product, the Europe wound care market is categorized into traditional dressings, advanced dressings, hydrofiber dressings, foam dressings, and film dressings. Among this advanced dressings dominates the target market as it regulates moisture levels and they also have antimicrobial properties. 

For Instance, in February 2021, India's homegrown integrated wound-care company, AxioBiosolutions today announced that it has received CE certification from Europe for its next-generation advanced wound care product range, MaxioCel. The regulatory approval paves the path for Axio to tap into a fast-growing USD14 billion advanced wound care market, globally.

Wound Type:

The Europe wound care market by material type is bifurcated into chronic wounds, and acute wounds. The chronic wound are expected to dominate the target market due to aging population, increases cases of diabetes and obesity especially in children’s, etc.   

End-User Industry:

The targeted market, by end-user, is classified into hospitals, specialty clinics, homecare, and others. However, hospitals segment held the largest Europe wound care market share. The growth is attributed to the widespread usage and applications.

Europe Wound Care Market Report Scope:

Attribute

Details

Market Size 2024

USD 7.5 Billion 

Projected Market Size 2035

USD 11.4 Billion

CAGR Growth Rate

4.50% (2025-2035)

Base year for estimation

2024

Forecast period

2025 – 2035

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Regional scope

Europe – Germany, U.K., France, Russia, Italy, Spain, Netherland, and Rest of Europe

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segmentation:

By Product:

  • Traditional Dressings
  • Advanced Dressings
  • Hydrofiber Dressings
  • Foam Dressings
  • Film Dressings
  • Others

By Wound Type:

  • Chronic Wounds
  • Acute Wounds

By End User:

  • Hospitals
  • Specialty Clinics
  • Homecare
  • Others

By Region:

  • Europe
    • Germany
    • U.K.
    • France
    • Russia
    • Italy
    • Spain
    • Netherland
    • Rest of Europe

Europe Wound Care Market Competitive Landscape & Key Players

The key players operating in the Europe wound care market include Johnson & Johnson Medical NV., Baxter, 3M, Convatec Group PLC, and among others. The key players are adopting strategies for the growth of the market such as huge distribution network, strong brand reputation, key strategies, significant marketing, and fundamental investments.

List of Key Players in the Market:

Europe Wound Care Market Recent News

  • In May 2024, Estonian Medtech Company Nanordica Medical has raise Euro1.75 Million to enter the market with first-in-class wound care products curing severe wounds. The Nanordica Medical’s wound dressing inactivated bacterial infection up to 8x better as compared to traditional antibacterial solutions.
  • In April 2023, Convatec Group Plc announced that it has acquired the anti-infective nitric oxide technology platform of 30 Technology Limited, which includes new product assets and research and development. In addition to applications in advanced wound care, Convatec will explore applications of this highly innovative technology platform across its business categories.

More Related Reports

Hydrogel Dressing Market 
Collagen Dressings Market 
Diabetic foot ulcers treatment market
Diabetic Neuropathy Market
Diabetes Drugs Market

Europe Wound Care Market Company Profile

Company Name

Baxter

Headquarter

Deerfield, Illinois, U.S.

CEO

Jose E. Almeida

Employee Count (2024)

60,000

FAQs

Europe wound care market size was valued at USD 7.5 Billion in 2024 and is expected to reach USD 11.4 Billion by 2035 growing at a CAGR of 4.50%.

The market is segmented into Product, Wound Type, End-User, and Country.

The market is segmented by countries Germany U.K., France, Russia, Italy, Spain, Netherland, Switzerland and Rest of Europe. The U.K. region is expected to dominate the Market.

The key players operating in the Europe wound care market include Johnson & Johnson Medical NV., Baxter, 3M, Convatec Group PLC, INTEGRA LIFESCIENCES, Medline Industries, LP., Molnylcke Health Care AB, URGO MEDICAL Medtronic Holister Incorporated, Cardinal Health, PAUL HARTMANN AG, and B. Braun SE.