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The Middle East and Africa advanced wound care market size is expected to witness considerable growth in the global market. It is projected to grow at a CAGR of 4.5% during the forecast period. The global market for advanced wound care is projected to grow USD 11.38 billion in 2022 to USD 17.48 billion by 2030.
The rising burden of geriatric population in the region and the increasing prevalence of various chronic disorders leading to the development of chronic wounds are expected to bolster the Middle East and Africa advanced wound care market growth. The market expansion is further propelled by the rising efforts of government and non-government organizations to increase access to advanced wound care products for improved wound care treatment among the population.
Our report on the Middle East and African market covers the following countries/regions – South Africa, GCC, and the rest of Middle East and Africa.
Rising Focus of Industry Players toward the Development and Launch of Technologically Advanced Products
The rising preference toward novel wound care products incorporated with better healing properties and improved efficiency is anticipated to raise the adoption of these products. Researchers and manufacturers are continuously trying to develop and launch advanced products for better management of various chronic wounds. Thus, the increasing inclination toward novel wound care products such as bioactive wound care products will bolster the Middle East and Africa advanced wound care market growth during the forecast period.
Increasing Preference toward Home Health Services for Wound Care Management to Drive the Market
This market is anticipated to witness a steady growth during the forecast period due to the rising burden of chronic and acute wounds. To cater to the rising patient population, governments of different countries are trying to raise awareness among the population for proper wound management practices. Moreover, a shift in patient preference toward at-home wound care services at an affordable price is also raising the adoption of these products.
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Limited Awareness Regarding Advanced Wound Care Products to Impede the Market Growth
Wounds take a long time to heal properly, making the wound care procedure complex. The lack of awareness among the population related to proper wound management is one of the predominant factors limiting the adoption of these products.
Moreover, the chronic wounds take weeks or months to heal, making the treatment costly and unaffordable to most of the population in low and middle-income regions.
The regional advanced wound care market is semi-consolidated with a few key players such as Smith & Nephew, Mölnlycke Health Care AB, and ConvaTec Group PLC. At present, the companies operating in this market are expanding their presence in the Middle East and Africa by launching new products. Furthermore, the companies are establishing distribution partnerships with local distributors to increase their geographical reach. Thus, the market is expected to grow owing to increase in such initiatives.
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The research report provides qualitative and quantitative insights on the market and a detailed analysis of the market share, size & growth rate for all possible segments in the market. Along with market forecast, the research report provides an elaborative analysis of the market dynamics and competitive landscape. Various key insights presented in the report are prevalence of various chronic diseases in the region, new product launches, and key industry developments – mergers, acquisitions & partnerships, and the impact of COVID-19 on the market.
ATTRIBUTE | DETAILS |
Study Period | 2019-2030 |
Base Year | 2022 |
Estimated Year | 2023 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Growth Rate | CAGR of 4.5% from 2023 to 2030 |
Unit | Value (USD Billion) |
Segmentation | By Product Type; By Indication; By End User; and Country/ Sub-Region |
By Product Type |
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By Indication |
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By End User |
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By Country/ Sub-Region |
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Growing at a CAGR of 4.5%, the market will exhibit steady growth in the forecast period (2023-2030).
The increasing cases of chronic wounds and active wounds such as surgical wounds due to increasing number of surgical procedures, diabetic foot ulcers, pressure ulcers, venous leg ulcers among the population, the launch of new and technologically advanced products, the increasing burden of the geriatric population suffering from various chronic diseases, and others are the major factors driving the growth of the market.
Smith & Nephew, Mölnlycke Health Care AB, and ConvaTec Group PLC are the major market players in the Middle East and Africa market.
GCC dominated the market in 2022.
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