Belgium and Netherlands Advanced Wound Care Market Competitive Analysis and Top Industry Forecasts by 2024
Belgium Advanced Wound Care Market is expected to reach USD 28.0 million by 2024 from USD 22.6 million in 2016, at a CAGR of 2.8% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Netherlands advanced wound care market is expected to reach USD 167.9 million by 2024 from USD 135.4 million in 2016, at a CAGR of 2.8% in the forecast period 2017 to 2024. The new market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
The major factors driving the growth of this market include rising aging and geriatric population, technological advancement, government support, rising incidences of chronic wound, increase in number of surgeries and increasing trend. On the other hand, low awareness, slow growth rate and shrinking market, complex regulatory approval process, competition with other moist dressings that may hinder the growth of the market.
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Market Segmentation: Belgium and Netherlands Advanced Wound Care Market
The Belgium and Netherlands advance wound care market is segmented on the basis of type, wound type, end-user, distribution channel, and geography. The Belgium and Netherlands advance wound care market is segmented into three types, such as dressing, therapy devices and biologics. In 2017, the Belgium and Netherlands dressing segment is expected to dominate the market with a share of 62.1% and 61.2% respectively and is expected to continue this trend till 2024.
Dressing is further segmented into foam dressings, hydrogels, film dressings, alginates, wound contact layer, and super absorbent dressing. Also, biologics market is further segmented into synthetic skin grafts, growth factors, allografts, and xenografts. The therapy devices are further segmented into negative pressure wound therapy, pressure relief devices (PRD), wound debridement devices, hyperbaric oxygen chambers, and physical therapies.
The growth factors are further divided into platelet-derived growth factor (PDGF), platelet rich plasma (PRP), epidermal growth factor (EGF), basic fibroblast growth factor (BFGF), granulocyte colony stimulating factor (G-CSF), Talactoferrin ALFA, thrombin peptide (TP508), and keratinocyte growth factor (KGF).
The negative pressure wound therapy (NPWT) is further classified into standalone NPWT devices, portable NPWT devices, and disposable NPWT devices. The pressure relief devices (PRD) are further classified into mattress and bed. The hyperbaric oxygen chambers are further classified into monoplace, multiplace, and topical.
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On the basis of wound type, the Belgium and Netherlands advance wound care market is segmented into surgical wound, diabetic ulcers, burns, pressure ulcers, venous ulcers and others. The Belgium diabetic ulcer is projected to witness the highest growth rate of 5.3% during the forecast period to reach a value of USD 7.6 million by 2024. The Netherlands diabetic ulcer is projected to witness higher growth rate of 5.3% during the forecast period to reach a value of USD 43.4 million by 2024.
On the basis of end users, the Belgium and Netherlands advance wound care market is segmented into hospitals, wound care centers, ambulatory centers, home healthcare, clinics and community healthcare.n 2017, the Belgium and Netherlands hospital segment is expected to dominate with the market share of 50.8% and 52.5% respectively and is expected to continue this trend till 2024.
On the basis of distribution channel, the Belgium and Netherlands advance wound care market is segmented into direct tenders and retailers. In 2017, the Belgium and Netherlands direct tenders market is expected to dominate the market with a value of USD 21.3 million and 126.7 million respectively.
Key Drivers: Belgium and Netherlands Advanced Wound Care Market
Some of the major factors driving the market for rising scope of advance wound care market, rising aging and geriatric population, technological advancement, government support, rising incidences of chronic wound, increase in number of surgeries and increasing trend. These factors increase the demand for wound care devices.
• Low awareness, slow growth rate and shrinking market, complex regulatory approval process, competition with other moist dressings are the factors which may hinder the growth of this market.
• Scope for unmet medical needs as well as emerging advance wound care devices will drive the market in future.
Key Points: Belgium and Netherlands Advanced Wound Care Market
Some of the major players operating in this market
The Belgium and Netherlands advance wound care market report contains an in-depth profiling of the key market players, along with the recent developments (new product developments, partnerships, agreements, collaborations, and joint ventures) and strategies adopted by them to sustain and strengthen their position in the market.
• Advance wound care biologics market is growing with the highest CAGR.
• Surgical wounds are driving the market with the highest market share. However, diabetic ulcers are growing with the highest CAGR.
• Hospitals are dominating the end-user segment of Belgium and Netherlands advance wound care market.
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Europe Negative Pressure Wound Therapy Devices Market – Industry Trends and Forecast to 2024
Europe Negative Pressure Wound Therapy Devices Market, By Product Type, End User, Geography (Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe) – Industry Trends and Forecast to 2024
Report Access: http://databridgemarketresearch.com/reports/europe-negative-pressure-wound-therapy-devices-market/
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