The growth of the wound care management market is attributed to the increase in the geriatric population, rising incidences of a chronic wound, and an increase in the number of surgeries
According to the National Institute of Health, one in every 16 people in the United Kingdom is suffering from diabetes. The prevalence of diabetes is around 6% of the overall population. Nearly one-third of the diabetic population develop foot ulceration within a year of diagnosis. ‘Diabetic foot’ refers to infection, ulceration, and possible amputation of a foot or leg among diabetics. Incidences of chronic wounds, especially foot ulcers, are common among the diabetic population. While more than 80,000 adults are expected to undergo a lower extremity amputation, diabetics are 10 times more likely to undergo amputation at some point in their lifetime. The diabetic population is likely to grow in the United Kingdom, which, in turn, is anticipated to drive the market for wound care management devices during the forecast period.
Key Market Trends
The Surgical Staplers Segment is Expected to Grow Rapidly over the Forecast Period
Surgical staplers are specialized medical staplers, which can be used as an alternative to sutures for the purpose of wound closure. They can be used during minimally invasive image-guided procedures. With the rise in demand for minimally invasive surgeries, the surgical staplers segment is expanding. Surgical staplers offer benefits, such as faster recovery, less pain, coagulation, and accurate closure, especially in minimally invasive procedures. Various applications of surgical staplers include the areas of gynecology, abdominal surgeries, and cardiothoracic and orthopedic surgeries.
Competitive Landscape
The UK wound care management devices market is moderately competitive and consists of several major players. The companies are implementing certain strategic initiatives, such as mergers, new product launches, acquisitions, and partnerships, which help them in strengthening their market positions. For instance, in December 2017, Smith & Nephew announced the European launch of MolecuLight i:X, which is a handheld imaging device that can be used to instantly measure wound surface area and visualize the presence of potentially harmful bacteria in it.
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Table of Contents
Methodology
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