The European basic wound care market, mainly driven by the aging population and the rising incidence of chronic diseases, was valued at $114 million in 2013 and is expected to reach $121 million by 2018, at a CAGR of 1.4% from 2013 to 2018. The European market is the slowest-growing segment of the European traditional wound care market.
The report analyzes the market of basic wound care by 3 segments, such as tapes, dry dressings, and cleansing solutions. All these segments experienced a positive growth till 2013, as physicians mainly choose to treat wounds with dry bandages and dressings, which account for over 50% of the chronic and severe wound care market. With market values of $59 and $32 million in 2013, the tapes and dry dressings segments have been contributing 50% and 25%, in terms of value, towards the total European basic wound care market. Both the markets have been witnessing the maximum growth because there are many wounds, which do not require anything but protection from infection. Hence, traditional products will definitely remain the first choice for physicians across.
In Europe, the reimbursement schemes drive the market. If a simple dry bandage or dressing can heal a wound, practitioners may prefer that minimal labor intensive and cheaper option. In these cases, payers find it difficult to justify the higher prices of advanced products. The prevalence of diabetes and surgical wounds across the world is high, which drives the basic wound care market.
The report also provides an extensive competitive landscaping of the leading companies operating in this market. The main companies extensively covered in this report are Smith & Nephew, 3M healthcare, Johnson and Johnson, Derma Sciences, Covidien and Molnlycke healthcare. Furthermore, the segment and country-specific company shares, news & deals, M&A, segment-specific pipeline products, product approvals, and product recalls of the major companies have been detailed in this report.
Along with the market data, customize the MMM assessments to meet your company’s specific needs. Customize to get a comprehensive summary of the industry standards and deep dive analysis of the following parameters:
- Usage pattern (in-depth trend analysis) of products (segment-wise)
- Product matrix, which gives a detailed comparison of product portfolio of each company mapped at country and sub-segment levels
- End-user adoption rate analysis of the products (segment-wise and country-wise)
- A comprehensive coverage of product approvals, pipeline products, and product recalls
- Country-specific prevalence of ulcers, burns, and surgical wounds
- Country-specific patient pool of skin ulcers, diabetic ulcers, neuropathic ulcers
- Disease progression (pattern analysis)
- Fast turn-around analysis of surgeons’ responses to market events and trends
- Pattern analysis of usage of products by physicians
- Surgeons’ opinion about products from different companies
- Surgeons’ qualitative inputs on epidemiology data
- A comprehensive study of customers’ perception and behavior through our inbuilt social connect tool checking the virality and tonality of blogs
- An analysis of overall brand usage and familiarity and brand advocacy distribution (Detractor/Neutral/Familiar)
Alternative Products: Impact analysis
MMM’s Healthcare Decision Making Quadrant It is an innovative and useful quadrant for vendors who wish to analyze the potential growth markets based on parameters such as patient dynamics (patient pool, epidemiology of disease, preference towards surgeries/alternative therapies) and macroeconomic indicators (aging population, reimbursement scenario, treatment rate and healthcare expenditure)
1.1 Objective of the study
1.2 Market Definitions
1.3 Market Segmentation & Aspects Covered
1.4 Research Methodology
1.4.1 Assumptions (Market Size, Forecast, etc)
2 Executive Summary
3 Market Overview
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North American Traditional Wound Care Market
The North American Traditional wound care Market, was pegged at $1.9 billion in 2013 and expected to be $2.1 billion by 2018, growing at a CAGR of 2.4%. The report “North American Traditional Wound care Market forecast, 2012-2018 “analyzes the market of traditional wound care by 3 segments such as wound closure, basic wound care and anti-infectives. The main companies operating in this market and extensively covered in this report are Smith & Nephew, 3M healthcare, Johnson and Johnson, Derma Sciences, Covidien and Molnlycke healthcare.
European Traditional Wound Care Market
The European Traditional wound care Market was pegged at $761 million in 2013 and expected to be $838 million by 2018, growing at a CAGR of 1.9%. The report “European Traditional Wound care Market forecast, 2012-2018 “analyzes the market of traditional wound care by 3 segments such as wound closure, basic wound care and anti-infective. The main companies operating in this market and extensively covered in this report are Johnson and Johnson, Smith & Nephew, Derma Sciences, Covidien and Molnlycke healthcare, 3M healthcare and others.
Asian Traditional Wound Care Market
The Asian Traditional wound care Market was pegged at $318 million in 2013 and expected to be $329 million by 2018. The report “Asian Traditional Wound care Market forecast, 2012-2018 “analyzes the market of by 3 segments such as wound closure, basic wound care and anti-invectives. The main companies operating in this market and extensively covered in this report are 3M healthcare, Johnson and Johnson, Derma Sciences, Covidien and Molnlycke healthcare, Smith & Nephew and others.