Wound management is an ongoing treatment of a wound, by providing appropriate environment for healing, by both direct and indirect methods, together with the prevention of skin breakdown. Wound care management devices help to ease and support the wound healing process.
Recently, increasing cases of chronic wounds, ulcer and diabetic ulcers in Germany have helped the growth of the market. Diabetic ulcers are more prevalent in patients with diabetes, which is increasing in Germany. Injuries and wounds take more time to heal in the geriatric population, which is also increasing in Germany as per a 2017 "World Aging Population" by the United Nations. These factors have helped propel the growth of the market.
However, reimbursement issues and high cost of products have been restraining the growth of the market.
Key Market Trends
Application in Diabetic Foot Ulcer is Expected to Dominate the Market
A wound dressing is a sterile pad or compress applied to a wound to promote healing and protect the wound from further harm. A dressing is designed to be in direct contact with the wound, as distinguished from a bandage, which is most often used to hold a dressing in place. Many modern dressings are self-adhesive.
Moreover, newer wound dressings are very effective on diabetic foot ulcer, which is highly prevalent among diabetes patients. In Germany, there were nearly 7 million type 2 diabetes patients in Germany, as per a 2019 report by the German Diabetes Center (DDZ). However, as per estimates stated in the report, the number of type 2 diabetes in Germany is expected to increase by 77% to 12.3 million by 2040. As the cases of diabetes increases in Germany, the prevalence of diabetic foot ulcer is also expected to rise in the future. This is expected to positively impact the growth of the market.
Competitive Landscape
Germany is a developed country and also surrounded by other developed European nations. As a result, it enjoys the presence of most of the global players in the cardiovascular devices market. 3M Company, B. Braun Melsungen AG, Medtronic PLC are some of the key players present in the country.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
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