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Sweden Wound Care Management Market - Growth, Trends, and Forecasts (2023-2028)

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  • 76 Pages
  • April 2023
  • Region: Sweden
  • Mordor Intelligence
  • ID: 5529054
UP TO OFF until Mar 31st 2024
The Swedish wound care management market is expected to register a CAGR of 5.7% over the forecast period.

The COVID-19 pandemic led to serious problems in all healthcare services across the world. The emergence of the COVID-19 pandemic changed the delivery of medical care worldwide. The increased pressure due to the growing hospitalization rate of COVID-19 patients led to the re-profiling of many hospitals and departments for treating patients with this infection. For instance, according to a study published in the Journal of Surgical Case Reports in May 2020, the COVID-19 pandemic severely affected the manner of delivery, duration, and quality of service in wound management and reduced the number of elective surgeries performed to meet the need for accommodating COVID-19 patients. Due to the suspension of face-to-face contact times with patients, some diagnosis and treatment attempts were not performed during the pandemic. However, the market gained significant traction as COVID-19 cases declined and hospitals resumed their services. The market is expected to reach the pre-COVID-19 level by mid-2023.

The factors driving the market in Sweden are the growing burden of chronic wounds and surgical procedures and the aging population in the region. The growing burden of chronic wounds and surgical procedures is increasing the demand for associated wound management products, thereby driving the market. For instance, as per the European Journal of Trauma and Emergency Surgery study in July 2021, there was an annual increase in firearm-related injuries and fatalities in Sweden, thereby increasing the demand for wound care management. Sweden's growing number of other surgical procedures is also fueling the market. For instance, according to the Swedish Health Services 2022, the surgeries performed in Sweden in 2021 were 36,046. Wound care management is performed after the surgery to avoid infections. Thus, the high number of surgeries and the required wound care management are expected to drive the market's growth in the future.

The aging population in the region is increasing the demand for wound care management, thereby significantly driving the market. According to Statistics Sweden, updated in May 2022, 20% of people were older than 65 and eligible for retirement. By 2040, this percentage is expected to rise to 23%. As the vast majority of chronic wounds are linked to diseases that affect older people more frequently than younger people, and with older patients seeing fewer wound closures than the younger population, the rising geriatric population is expected to drive the market in the country.

Though such factors are expected to show significant growth over the forecast period, stringent regulatory framework may slow down the market.

Key Market Trends

Surgical Staples in Wound Closure Segment May Show Significant Growth During the Forecast Period

Surgical staplers are used in surgical procedures for closing wounds, surgical incisions, and reconnecting tissues. The increasing number of surgical procedures, shifting preferences for minimally invasive procedures, and rising incidences of wounds are expected to increase the demand for surgical staplers. Growing adoption of surgical staplers, especially in the region with the availability of technologically advanced product range due to robust R&D programs of major industry players, are fostering market expansion.

According to a study published in the Surgery of Obesity and Related Disease in May 2022, the impact of unidirectional or bidirectional stapling and length of the mesenteric division at the Jejunojejunostomy (JJ) was analyzed in Sweden. It was found that the bidirectional stapling of the JJ was associated with a reduced 30-day risk of small bowel obstruction (SBO). Therefore, the rising benefits of surgical stapling are expected to drive the segment due to the increased adoption of these staples during surgeries.

The high number of specialty care locations in Sweden is also expected to drive the segment’s growth. For instance, according to the Swedish Health Services, in 2021, there were 159 specialty care locations in Sweden. Such a high number of specialty care locations may lead to increased surgeries, thereby driving the adoption of surgical staplers and propelling the segment’s growth.

Dressings in Wound Care Segment May Show Significant Growth

Wound dressings offer the best possible circumstances for wound healing while guarding against microbial infection and further damage. The dressings must be removed gently to avoid further damage to the wound surface.

The factors driving the segment’s growth include the rising initiatives from the key market players and rising technological advancements in wound dressing products. For instance, in January 2022, Essity acquired the advanced wound care business Hydrofera. Hydrofera is the developer of Hydrofera Blue antibacterial wound dressings, an advanced range of wound care products designed to shorten healing times, lower treatment costs, and deliver better patient outcomes. Such initiatives are expected to drive the market’s growth.

The rising technological advancements in wound dressing products are further expected to drive the segment’s growth due to the rising adoption of advanced products. For instance, in May 2021, a team of researchers at the Chalmers University of Technology in Sweden created a new substance for wound care dressing using a specifically formulated hydrogel that prevents infections in wounds and is effective against all sorts of bacteria, including those that are resistant to antibiotics. Therefore, such products are anticipated to drive the market due to their improved characteristics in wound dressing.

Hence, the rising technological advancements in wound dressing and strategies adopted by key market players are expected to drive the segment’s growth.

Competitive Landscape

The Swedish wound care management market is fragmented in nature due to the presence of several operating companies in the market. The companies are focusing on growing their market presence through mergers, acquisitions, partnerships, and product developments. Some of the companies operating in the market include 3M Company, B. Braun SE, Coloplast, ConvaTec Group PLC, Hollister Incorporated, Integra LifeSciences, Johnson & Johnson, Molnlycke Health Care, Smith & Nephew, and Medtronic PLC.

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Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Burden of Chronic Wounds and Surgical Procedures
4.2.2 Increasing Aging Population
4.3 Market Restraints
4.3.1 Stringent Regulatory Framework
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Product
5.1.1 Wound Care Dressings Wound Care Devices Topical Agents Others
5.1.2 Wound Closure Sutures Surgical Staplers Tissue Adhesives, Strips, Sealants, and Glue
5.2 By Wound Type
5.2.1 Chronic Wound
5.2.2 Acute Wound
6.1 Company Profiles
6.1.1 3M Company
6.1.2 B. Braun SE
6.1.3 Coloplast
6.1.4 ConvaTec Group PLC
6.1.5 Integra LifeSciences
6.1.6 Johnson & Johnson
6.1.7 Molnlycke Health Care
6.1.8 Medtronic PLC
6.1.9 Smith & Nephew
6.1.10 Essity Aktiebolag

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3M Company
  • B. Braun SE
  • Coloplast
  • ConvaTec Group PLC
  • Integra LifeSciences
  • Johnson & Johnson
  • Molnlycke Health Care
  • Medtronic PLC
  • Smith & Nephew
  • Essity Aktiebolag