Middle East and Africa Advanced Wound Care Market

Middle East and Africa Advanced Wound Care Market Overview:

Middle-East and Africa Advanced Wound Care market was worth USD 509.39 million in 2018 and estimated to be growing at a CAGR of 4.87%, to reach USD 703.02 million by 2025.

Advanced wound care products provide much-needed relief to the people who are suffering from chronic wounds, which take a significant amount of time to heal and are expensive to treat. Technology in this area has grown manifold. Advanced wound care products are gradually replacing traditional wound care products due to their efficacy and usefulness in managing wounds by enabling faster healing. Chronic wounds take considerable time to heal and expensive for treatment. Due to their cost, advanced wound care has emerged as a standard solution for treating chronic wounds.

Advanced wound care market offers solutions to patients suffering from chronic wounds, by providing them readily accessible and reasonably priced products which can be used at one’s convenience. Treatment in advanced wound care includes interventions therapies and products such as collagen products, foam dressings, hydrocolloids, antimicrobial dressings, film dressings, alginate dressings, gauze composites, and hydrogels among others. As technology progresses and becomes more viable, the quality of life of patients afflicted with chronic wounds rises. Some of the prominent trends that the market in the Middle East and Africa (MEA) is witnessing include increasing funding in wound care and development, rising geriatric population and impetus growth of disorders, increasing volume of surgeries across the region, and recent technological advancements.

This regional market is mainly driven by technological advances, problems associated with ineffective traditional wound healing methods, initiatives taken by the government, and a pressing need for swift and safer treatment of chronic wounds. Attempts to lower the duration of hospital stay to reduce the medical healthcare expenses and the growing inclination towards products that enhance therapeutic outcomes are also driving the demand for the MEA market. The high cost associated with the treatment and reimbursement issues for the new technologies serve as factors which hinder the market.

Segmentation Overview:

The Middle-East and Africa Advanced Wound Care market is segmented on the basis of product into advanced wound care products, surgical wound care and traditional wound care. Advanced wound care products are segmented into advanced wound dressings, therapy devices and active wound care. Advanced wound dressings segment is further segmented into foam dressings, hydrocolloid dressings, alginate dressings, hydrogel dressings and collagen dressings. Therapy devices is sub segmented into negative pressure wound therapy, pressure relief devices, oxygen and hyperbaric oxygen devices and electrical stimulation devices. Active wound care segment is divided among artificial & skin substitutes and topical agents.

 On the basis of type of wound, the market is bifurcated among chronic wounds, acute wounds, surgical & traumatic wounds and burns. Based on application, the market is bifurcated into chronic wound care and acute wound care. Chronic wound care segment is the dominant segment in the market in 2017 and is expected to maintain its dominance during the forecast period. This is attributed to rise in aging population, improvement in diagnosis of chronic wounds, and increase in awareness regarding the importance of using advanced wound care to treat chronic wounds.

Based on end user, the community health service centers segment is the major contributor toward the MEA market and is projected to maintain the same trend throughout the forecast period.

Regional Insights of Middle-East and Africa Advanced Wound Care Market:

The Middle-East and Africa Advanced Wound Care market is geographically segmented and analysed under nations of Middle-East and Africa. The MEA market, which consists of fast-developing economies have remained mostly untapped. However, this market is expanding steadily and has created abundant opportunities for the launch of new products. This region is projected to be the fastest-growing market for advanced wound care products for the next decade. In terms of revenue, South Africa leads the market in this region. Rapid urbanization and the rising number of chronic diseases have made this region, an area of enormous potential and opportunities. However, lack of awareness and price sensitivity has considerably hindered the growth of this market. The market has more significance with trends showing that people desire more efficient solutions for their illnesses. This technology is especially inclined towards the elderly population, for whom easily accessible healthcare is paramount.

Prominent Companies Dominating the Market analyzed in this report are

• Coloplast A/S
• Baxter International Inc.
• Hollister Inc.
• Mölnlycke Health Care
• 3M Company
• Covidien PLC
• Ethicon Inc.
• Derma Sciences Inc.
• Convatec Healthcare B.S.A.R.L
• Acelity L.P/
• Smith & Nephew

This research report includes the following segmentation for the Middle-East and Africa Advanced Wound Care Market size and forecast until 2025:

By Product

• Advanced wound care
• Surgical wound care
• Traditional wound care

 By Type of wound

• Chronic wounds
• Acute wounds
• Surgical & traumatic wounds
• Burns

By Application

• Chronic wound care
• Acute wound care

Middle-East and Africa Advanced Wound Care Market – By Geographical Segmentation:

• Middle East and Africa                                                                             
• Middle East
• Africa