GCC Wound Care Market Set for Rapid Growth at 5.0% CAGR: MarkNtel Advisors

Market Overview:

MarkNtel Advisors has released a new report that highlights the strong growth trajectory of the GCC Wound Care Market, The GCC Wound Care Market is projected to grow at a CAGR of around 5.0% during the forecast period, i.e., 2023-28. Various factors are attributed to the growth of the market like growth in automobile production, growing focus on lightweight sustainable materials, rising demand for luxury customized interiors, increasing focus on safety standards, and the adoption of Advanced Driver Assistance Systems (ADAS). The report provides valuable insights into the drivers, trends, and challenges shaping the future of the GCC Wound Care Market. It offers an in-depth look at the key players, geographical performance, and the segments leading the charge in market share.

Industry Outlook Forecasts:

Forecast Period: 2023-2028
CAGR (2023-2028): 5.0%

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GCC Wound Care Market Segmentation Breakdown:

The GCC Wound Care Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

By Product

Wound care products
- Foam Dressings
  - Silicone Dressings
  - Non-silicone Dressings
- Collagen Dressings
- Film Dressing
- Hydro gel Dressing
- Alginate Dressing
- Hydro fiber Dressing
- Hydrocolloid dressing
- Anti microbial Dressing
- Super contact Dressing
- Wound Contact layer
Wound therapy devices
- Wound Monitoring Assessment Devices
- Pressure Relief Devices
- Negative Wound therapy systems
  - Disposable NPWT Systems
  - Accessories
  - Conventional NPWT Systems
  - Electrical Stimulation Devices
- Functional Wound Care product
  - Biological Skin Substitutes
  - A Cellular Animal Derived Products
  - Biosynthetic Products
  - Human Donor Tissue-Derived Products

Of them all, Foam Dressing is anticipated to exhibit a higher growth pace in the market during the forecast period.

By Applications

Pressure Sores
Diabetic Foot Ulcers
Traumatic Ulcers
Arterial Veins
Burns

Amongst all, the Diabetic Foot Ulcers segment acquired a considerable market share in the GCC Wound Care market in the historical period.

By End User

Hospitals
- In-Patients
- Out-Patients
Specialty Clinics
- In-Patients
- Out-Patients

Geographical Growth Insights:

By Country

United Arab Emirates
Saudi Arabia
Kuwait
Qatar
Oman
Bahrain

Country-wise, UAE dominated the wound care industry in the historical period and is expected to prevail in the same trend in the coming years.

MarkNtel Advisors Highlights Key Market Drivers for GCC Wound Care Market:

The Middle East is one of those regions where incidences of diabetes are pretty prominent. Per the International Diabetes Federation, around 12.3% of the UAE population, accounting for approximately 990,900 people, are affected by diabetes. Since diabetic individuals show apparent signs of chronic wounds, especially foot ulcers, the healthcare system across GCC countries has witnessed a massive burden of chronic wounds in the past few years. Such upscaling incidences of chronic wounds would require adequate treatment facilities and care, which would ultimately propel the industry in the coming years.

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A Comprehensive Analysis of Leading Companies in GCC Wound Care Market

Smith Nephew
3M Gulf Ltd
Integra Lifesciences Middle East FZ-LLC
Medtronic PLC
Mundipharma Middle East FZ-LLC
ConvoTec
Coloplast
BSN Medical
Others

GCC Wound Care Market Recent Developments

In August 2022, 3M elevated the delivery of its Veraflo Therapy, a NPWT with instillation. With the new 3M Veraflo Cleanse Choice Complete Dressing Kit and a software upgrade for the 3M V.A.C. Ulta Therapy Unit, the brand is determined to reduce the cost burden to consumers. These new offerings are expected to simplify the care delivery processes for clinicians and help make dressing changes less painful and faster.
In July 2022, Smith+Nephew launched Clinical Support App in order to minimize practice variation in wound care.

GCC Wound Care Market Possible Restraint:

High Cost and Associated Side Effects

Developing chronic and acute wound care products has pushed up prices in the past few years. This surge in cost has negatively affected the growth of the market. In addition, the market expansion has been hampered in recent years by an increase in the overall cost of treating burn injuries and traumatic wounds. Moreover, side effects associated with wound care products, such as skin irritation, redness/swelling, edema, and mild or moderate pain at the affected site, may also refrain the further adoption of wound care products, thereby restraining the industry expansion in the coming years.

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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

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