The Sweden wound care management devices market size is projected to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the expanding elderly population.
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Wounds and injuries are regular occurrences that impact a large number of individuals. For a variety of reasons, the products are very resistant to environmental inhibitors and foreign particles, and they are administered by a nurse under the direction and supervision of a physician. As a result, the need for improved wound care solutions is being driven by the growing prevalence of risk factors and the need for cost-effective treatments.
A diabetic foot ulcer is a serious health problem that can lead to amputation of the limb if left untreated. According to the International Diabetes Federation, about 521,200 people in Sweden will have diabetes by 2020. People with diabetes often have impaired circulation, which makes it harder to deliver nutrients to wounds, making a healing more difficult. According to the World Ageing Population, around 2,027 individuals in Sweden are 65 and older in 2019.
Surgical staplers are used to close wounds, surgical incisions, and reattach tissues during surgical operations. In 2017, the number of appendectomy surgical procedures and operations per 100,000 people in Sweden was estimated to be about 127.7, according to Eurostat.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing number of chronic wounds is anticipated to spur market growth during the forecast period.
- Complicated regulatory situations for product clearance are estimated to hamper market expansion.
Market Segment Insights
Wound closure segment is projected to account for a key market share
On the basis of products, the Sweden wound care management devices market is divided into wound care and wound closure. The wound closure segment is expected to account for a key share of the market during the forecast period due to an increase in the number of surgical operations, people's tastes move toward less invasive treatments, and wounds become more common.
Chronic wound segment is expected to grow at a robust pace
In terms of wound types, the Sweden wound care management devices market is segregated into chronic wound and acute wound. The chronic wound segment is expected to account for a key share of the market in the coming years) owing to the increasing geriatric population in the region.
Competitive Landscape
Key players competing in the Sweden wound care management devices market include 3M Company; B. Braun Melsungen AG; Coloplast; ConvaTec Group PLC; Hollister Incorporated; Integra LifeSciences; Johnson & Johnson; Molnlycke Health Care; Smith & Nephew; and Medtronic Plc. Some of these players are investing in several business strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
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