The most recent research report by MarkNtel Advisors on the GCC Wound Care Market includes an examination of numerous aspects that contribute to the market growth during the forecast period 2023-2028. The report provides space for strategic planning and presents a complete examination of drivers, opportunities, and constraints. Market growth factors are crucial since they may be comprehended to create various tactics for seizing the lucrative prospects present in the constantly expanding industry. In order to better comprehend the market and offer useful recommendations, opinions of market experts have been taken into consideration.
The present growth rate and the size of the whole market have been used to determine future growth. The alternatives that endanger the market expansion have also been covered. The study offers in-depth qualitative and quantitative insights on the industry potential and examines historical growth patterns as well as present growth potential to gain important insights into industry indicators throughout the forecast period.
Some Latest Development in the GCC Wound Care Market
- 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.
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Scope of The Study
An exhaustive evaluation of the analysis for the GCC Wound Care market is provided in this report. The market estimations covered in the report are derived from extensive research, interviews, and internal expert reviews. These market estimations were developed by examining the various political, social, and economic factors that are influencing the development of the GCC Wound Care market, as well as the current market dynamics.
Growth Opportunity in the Market
Governments are fast adjusting by fostering investment in the area through equal opportunities, significant policy changes, and regulatory frameworks to draw private companies into the GCC while enabling them to build the scale needed to remain competitive and rewarded financially. As a result, the GCC countries continue to allocate a sizeable amount of their budgets to the region’s projected increase in healthcare spending. Although the GCC governments may intend to continue to subsidize healthcare for their citizens primarily, the ever-increasing demand can be catered to by the private sector’s intervention, thereby opening up new avenues for the market players.
Segmentation Analysis:
The segmentation study is figured to be the most important step in determining the target market. It entails a careful examination of segments in order to develop advertising techniques and marketing strategies for the GCC Wound Care Market at both regional and levels. The profitability and development possibilities in this report were analyzed by industry experts. The study covers every aspect of geography in detail, including market share, growth rate, net revenue, consumption, historical data, and market projections (2023–2028).
To help consumers understand more fully, the specialists have done value chain and raw material evaluations in this section. The following segments make up the report:
- 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}])
- By Application (Pressure Sores, Diabetic Foot Ulcers, Traumatic Ulcers, Arterial & Veins, Burns)
- By End-User (Hospitals [In-Patients, Out-Patients], Specialty Clinics [In-Patients, Out-Patients])
Country Wise Market Growth Statistics
Based on the country, the GCC Wound Care market is segmented into 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. The UAE government expenditure accounted for around AED 4.84 billion in 2020 healthcare, per the Telecommunications and Digital Health Regulatory Authority data 2020 on the United Arab Emirates. Besides, with a considerable increase of around 9 percent from the previous year, the diabetic foot and wound care surgeries performed by hospitals in the United Arab Emirates for UAE nationals accounted for a significant portion. Therefore, the large influx of investment in healthcare expenditure paired with awareness campaigns in the UAE is likely to encourage the expansion of the wound care industry across the GCC over the forecast period. For instance,
- In March 2022, Abu Dhabi Health Services Company (SEHA) successfully culminated the 6th World Union of Wound Healing Societies (WUWHS) congress, which seeks to improve patient-centered wound care
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Analysis of The Market Leaders:
This study presents the current competition environment of some of the key market participants in the GCC Wound Care industry. The profile includes the business overview, goods and services, critical financials, and the most recent news and developments as well as other important information about the companies. Overall, the report provides a thorough overview of the GCC Wound Care market that will help equipment manufacturers, industry consultants, established businesses looking to expand, start-up businesses looking for opportunities, and other stakeholders create market-centric strategies in line with current and anticipated future trends.
This section also contains company details and share evaluations of the top companies. Companies under study are: –
- – Smith & Nephew
- – 3M Gulf Ltd
- – Integra Lifesciences Middle East FZ-LLC
- – Medtronic PLC
- – Mundipharma Middle East FZ-LLC
- – ConvoTec
- – Coloplast
- – BSN Medical
- – Others
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Available Growth Challenges In the Market
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 year.
Table of Content
- Introduction
- Product Definition
- Research Process
- Assumptions
- Market Segmentation
- Executive Summary
- GCC Wound Care Market Analysis, 2018-2028F
- Market Size & Analysis
- By Revenues
- Market Share & Analysis
- Market Size & Analysis
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