Germany Wound Closure And Advanced Wound Care Market Size & Outlook
Germany wound closure and advanced wound care market, 2018-2030 (US$M)
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Germany wound closure and advanced wound care market highlights
- The Germany wound closure and advanced wound care market generated a revenue of USD 68.3 million in 2023 and is expected to reach USD 87.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 3.6% from 2024 to 2030.
- In terms of segment, fibrin-based sealants was the largest revenue generating product in 2023.
- Hydrocolloids-based Sealants is the most lucrative product segment registering the fastest growth during the forecast period.
Wound closure and advanced wound care market data book summary
| Market revenue in 2023 | USD 68.3 million |
| Market revenue in 2030 | USD 87.2 million |
| Growth rate | 3.6% (CAGR from 2023 to 2030) |
| Largest segment | Fibrin-based sealants |
| Fastest growing segment | Hydrocolloids-based Sealants |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fibrin-based Sealants, Collagen-based Sealants, Hydrocolloids-based Sealants, Synthetic Adhesives |
| Key market players worldwide | Smith & Nephew PLC, Molina Healthcare Inc, Acelity, ConvaTec Group PLC, Baxter International Inc, Johnson & Johnson, Coloplast A/S ADR, Medtronic PLC, 3M Co, Medline Industries |
Other key industry trends
- In terms of revenue, Germany accounted for 4.8% of the global wound closure and advanced wound care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK wound closure and advanced wound care market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 102.0 million by 2030.
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Wound Closure And Advanced Wound Care Market Scope
Wound Closure And Advanced Wound Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany wound closure and advanced wound care market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wound closure and advanced wound care market will help companies and investors design strategic landscapes.
Fibrin-based sealants was the largest segment with a revenue share of 32.8% in 2023. Horizon Databook has segmented the Germany wound closure and advanced wound care market based on fibrin-based sealants, collagen-based sealants, hydrocolloids-based sealants, synthetic adhesives covering the revenue growth of each sub-segment from 2018 to 2030.
The healthcare facilities in Germany are very advanced in comparison with other European countries owing to which a significant growth rate is expected. For instance, as per the European Commission in 2017, around 84.5% of healthcare expenditure is publicly funded and around 12.5% constitutes out-of-pocket spending.
In addition, increasing demand for various surgical procedures is also anticipated to drive the market. It also reported that, Germany has the highest rate of hip replacement surgeries in comparison with other European countries. Hence, Germany wound closure & advanced wound care market is anticipated to witness significant growth rate over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany wound closure and advanced wound care market , including forecasts for subscribers. This country databook contains high-level insights into Germany wound closure and advanced wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany wound closure and advanced wound care market size, by product, 2018-2030 (US$M)
Germany Wound Closure And Advanced Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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