The Spain Wound Care Management Market is expected to register a CAGR of 4.7% during the forecast period. The major factors driving the growth of the market in Spain is due to increasing incidences of chronic wounds, ulcers, diabetic foot ulcers, and rising diabetes burden is one of the major factor responsible for the demand for wound management in Spain.

According to the International Diabetes Federation (IDF), the prevalence of diabetes in Spain, in 2017, was around 10.4%, which is high compared to that of Italy. It has been observed that around 3,584,50 Spanish adults were suffering from diabetes during 2017. Rising diabetes burden is one of the major factors responsible for the demand for wound management, the market is poised to show growth during the forecast period.

Furthermore, the country has also firmly placed itself as a popular destination for medical tourism. Spanish healthcare providers are now establishing a variety of high-quality and low-cost hospitals and healthcare clinics to cater to these crowds. Hence, considering all these factors the market is expected to show significant growth over the forecast period.

Key Market Trends

Sutures Segment is Expected to Hold a Major Market Share in the Spain Wound Care Management Market

Sutures can be absorbable or nonabsorbable. Absorbable sutures are broken down by the body and eventually dissolve completely, whereas non-absorbable suture should be manually removed. Absorbable sutures are made from synthetic polymer materials, such as polylactic acid (Vicryl), polyglycolic acid (Dexon), polyglyconate (Maxon), and polydioxanone (PDS).

In Spain, the geriatric population is high in number, and this is one of the major factors driving the growth of the wound management market. For instance, as per world ageing 2019 report, by 2030, it is estimated that there will be about 11.575 million (25.0%) population who are aged 65 years or older and this population is expected to experience chronic conditions Such as diabetes and this group of population are more prone to diabetic foot ulcers which ultimately increases wound care products in near future which will boost the market.

The most common surgical procedures for medical tourism in Spain include orthopaedics, cardiac, bariatric, cosmetic, and dental procedures. All the factors, such as the increasing number of surgeries, are driving the market growth during the forecast period.

Competitive Landscape

The Spain Wound Management Market is competitive and consists of several major players. The companies are also showing continuous growth and are developing new and differentiated products and services, which address the evolving healthcare needs among patients, providers, and consumers. Some of the companies which are currently dominating the market are 3M Company, Medtronic PLC, Smith & Nephew, ConvaTec Group PLC, Coloplast A/S, Cardinal Health, Inc, Molnlycke Health Care, and Integra Lifesciences.

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