The Middle-East and Africa Wound Care Management Devices Market was worth $1.62 billion in 2016 and estimated to be growing at a CAGR of 3.75%, to reach $1.95 billion by 2021.
Advanced wound care products and traditional wound care products are used to treat acute and chronic wounds. Chronic wounds take considerable time to heal and are expensive to treat. Due to their high cost, advanced wound care has emerged as a standard solution for treating chronic wounds.
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Some of the prominent trends that the market is witnessing include increasing funding in wound care and development, rising geriatric population and impetus growth of disorders, increasing volume of surgeries across the globe, recent technological advancements in Advanced Wound Care and Closure, and growth opportunities/investment opportunities. High cost of advanced wound care technique is hindering the market.
The Middle-East and Africa Wound Care Management Devices market is segmented on the basis of product into Advanced Wound Management Products, Surgical Wound Care and Traditional Wound Care. Advanced Wound Management 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 end users market is divided among hospitals, clinics and home care settings.
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Based on geography the market is analysed under various countries namely, Middle-East and Africa. Africa is leading the market and Middle-East is anticipated to witness highest growth.
The prominent players in the wound care market are Coloplast A/S (Denmark.), Baxter International Inc. (U.S.), Hollister Inc. (U.S.), Mölnlycke Health Care (Sweden), 3M Company (U.S.), Covidien PLC (Ireland), Ethicon Inc. (U.S.), Derma Sciences Inc. (U.S.), Convatec Healthcare B.S.A.R.L (U.S.), Acelity L.P/ (U.S.), and Smith & Nephew (U.K.).
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