The Middle east and Africa (MEA) Advanced Wound care market has been estimated at USD 494.7 million in 2016 and is projected to reach USD 604.9 million by 2021, at a CAGR of 4.1% during the forecast period. Advanced wound care products provide a much-needed relief to the people who are suffering from chronic wounds, which take significant amount of time to heal and are expensive to treat. Technology in this area has grown manifold. Traditional wound care products are gradually being replaced by advanced wound care products due to their efficacy and usefulness in managing wounds by enabling faster healing.
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This 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 own 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.
The market is mainly driven by technological advances, problems associated with ineffective traditional wound healing methods, initiatives taken by the governments, and a pressing need for swift and safer treatment of chronic wounds. Attempts to lower the duration of hospital stay in order to reduce the surgical healthcare expenses and the growing inclination towards products that enhance therapeutic outcomes are also driving the demand for the advanced wound care market. However, the high cost associated with the treatment and reimbursement issues for the new technologies serve as factors which hinder the market.
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The Middle-East and Africa advanced wound care market has been segmented on the basis of type, application and end users. By type, the advanced wound care market is segmented into dressings, active wound care, and therapy devices. The dressing segment accounts for the largest share of the MEA market. On the basis of application, the market is divided into surgical wounds, skin ulcers, and trauma wounds and burns, of which the surgical wounds segment grabs the largest share. On the basis of the end user, the market is further segmented into Hospitals/Clinics and Homecare. The hospitals/clinics segment constitute to the largest chunk of the MEA market.
The Middle east and Africa market is geographically segmented and analysed under regions of Middle-East and Africa. The Middle-east region covers the following countries Saudi Arabia, UAE, Iran, Iraq, Jordan, Qatar, Oman, Bahrain, and Rest of Middle-East. Similarly, under the Africa region, South Africa, Egypt, Morocco and Rest of Africa are covered. The Middle east and Africa market, which consists of fast-developing economies has remained largely 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, Saudi Arabia, Egypt and South Africa leads the market in this region. Rapid urbanization and 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
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Some of the major companies operating in the Middle-east & Africa advanced wound care market are Acelity L.P., Inc. (U.S.), Integra Lifesciences Corporation (U.S.), ConvaTec, Inc. (U.S.), Coloplast Corp. (Denmark), Medtronic, Smith and Nephew Plc. (U.K), and Mölnlycke Health Care (Sweden).
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