The key factors propelling the wound management market include the increasing cases of chronic wounds and diabetic ulcers, rising geriatric population, and the increasing number of surgical procedures. The 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. The 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 the suture segment is the advancement in technology, an increasing number of surgeries across the country, and the rising number of people getting older. Also, the increasing number of road accidents propel the suture market growth as surgical sutures are essential for wound closure. According to the Organisation for Economic Co-operation and Development (OECD), the number of overall road accidents in France during 2015 was 56,603, which increased to 58,613 in 2017. This indicates the rise in the number of accidents in France may augment the demand for sutures. Furthermore, rising awareness among people regarding treatment options 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 in 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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