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Clinical and Cost Benefits to Promote Uptake of Advanced Wound Management Technologies Across Europe Finds Frost & Sullivan - The advanced wound management market in Europe is experiencing high growth due to the heightened need for better and more cost-effective treatment
Clinical and Cost Benefits to Promote Uptake of Advanced Wound Management Technologies Across Europe Finds Frost & Sullivan

 

NewswireToday - /newswire/ - London, United Kingdom, 2009/05/18 - The advanced wound management market in Europe is experiencing high growth due to the heightened need for better and more cost-effective treatment.

   
 
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As a result, the market is expanding strongly despite significant hurdles, including intense competition and low reimbursement.

New analysis from Frost & Sullivan (medicaldevices.frost.com), Western European Advanced Wound Management Market, finds that the market earned revenues of $1.52 billion in 2008 and estimates this to reach $4.35 billion in 2015. The following segments are covered in the research: moist wound dressings segment, antimicrobial wound dressings segment, NPWT segment and advanced therapies segment.

"Rising awareness about chronic wound care in hospitals and home care is supporting the expansion of the advanced wound care market in Europe," notes Frost & Sullivan Research Associate Sreevidhya Praveen. "The market is gaining in popularity against a backdrop of efforts to reduce healthcare expenditure."

Advanced wound care products enable speedy recovery from wounds. Therefore, they help curtail healthcare expenditure. Due to the clinical and cost benefits that they offer, demand for such advanced wound management products is increasing. The rising incidence of chronic wounds due to an expanding diabetic population, together with an ageing population across Western Europe is also fuelling the uptake of advanced wound care devices.

Changing healthcare systems across Europe are promoting the growth of the advanced wound care products market; physicians are mostly advised to prescribe treatments that would help patients make a speedy recovery and encourage faster healing of wounds.

"Currently, the challenge to be overcome in the market is product pricing," cautions Praveen. "Generally, advanced wound care products are more expensive than traditional equivalents."

As advanced wound care products are more expensive, reimbursement does not cover these products completely. This, in turn, restrains market growth to a certain extent.

Improving wound care education and training for patients and physicians is critical. This will enhance awareness levels about advanced wound care products and their beneficial effect on chronic wound healing.

If you are interested in a virtual brochure, which provides a brief synopsis of the research and a table of contents, then send an email to Katja Feick, Corporate Communications, at katja.feick[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country. Upon receipt of the above information, a brief brochure will be sent to you by email.

Western European Advanced Wound Management Market is part of the Medical Devices Growth Partnership Service programme, which also includes research in the following markets: European Urinary Incontinence Devices Market, Issues; Trends and Prevalence in the European Cancer Therapy Market- Non Pharmaceutical and European Patient Temperature Management Systems. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

GIL 2009: Europe

Frost & Sullivan has expanded its flagship Global Congress on Corporate Growth - GIL Global - into several major cities around the world including London. For the first time ever in Europe, Frost & Sullivan will be hosting the Growth, Innovation and Leadership Congress ‘GIL 2009: Europe’ on 19-20 May, at the Sofitel St James in London. GIL Global is the industry's only event designed to support senior executives in their efforts to achieve sustainable, top-line growth. To register, obtain a programme agenda, explore sponsorship opportunities, or attend as a member of the media for GIL 2009: Europe, please contact Katja Feick, Corporate Communications Europe, at katja.feick[.]frost.com. One-on-One interviews with Frost & Sullivan senior growth consultants are also being scheduled. For more information you can also visit frost.com/gilglobal

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 35 offices on six continents.

Western European Advanced Wound Management Market / M34A

 
 
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Clinical and Cost Benefits to Promote Uptake of Advanced Wound Management Technologies Across Europe Finds Frost & Sullivan

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Publisher Contact: Katja Feick 
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