France Wound Management Market - Growth, Trends, and Forecast (2020 - 2025)
The key factors propelling the wound management market include the increasing cases of chronic wounds and diabetic ulcers, rising geriatric population and increasing number of surgical procedures. High number of diabetic population indicates the chances of rise in the diabetes related ulcers or wounds. According to International Diabetes Federation, diabetes prevalence in France is around 7.6% and total cases found in year 2018 were 3,480,000. Chronic wounds lead to complications, such as, infection, ulceration and insufficient blood supply, thus increasing the wound healing period. Most common chronic wounds include, venous ulcers, diabetic foot ulcers and pressure ulcers. Wound management products, and appropriate care to address the underlying defect, have gained traction in recent times. Hence, due to increasing cases of chronic wounds and diabetic ulcers, the market for wound care management is expected to grow during the forecast period in France
Key Market Trends
Suture Segment is Expected to Show Better Growth in the Forecast Years
Based on Wound Closure, the market is segmented into Suture, Surgical Staplers, Tissue Adhesive, Sealant, and Glue. The main factor attributing to the growth of suture segment is the advancement in technology, increasing number of surgeries across the country and rising number of people getting older. Also, increasing number of road accidents, will propel the suture market growth as surgical sutures are essential for wound closure. According to Organisation for Economic Co-operation and Development (OECD), the number of overall road accidents in France during the year 2015 was 56,603 which increased to 58,613 in year 2017. This indicates the rise in the number of accidents in France will augment the demand for sutures. Furthermore, rising awareness among people regarding treatment option is expected to drive the market growth over the forecast period.
The market players are committed to developing innovative healing solutions for customers and patients, generating proven clinical outcomes. The major players into the France Wound Management Devices market are 3M Company, B. Braun Melsungen AG, Cardinal Health, Inc., Coloplast A/S, ConvaTec Group PLC, Integra Lifesciences, Medtronic PLC, Molnlycke Health Care, Paul Hartmann AG and Smith & Nephew plc.
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