Understanding the GCC Wound Care Market Size, Share, Analysis Forecast 2028

GCC Wound Care Market Overview:

According to MarkNtel Advisors study the GCC Wound Care Market is projected to grow at a CAGR of around 5.0% during the forecast period, i.e., 2023-28. The growth of the market is attributed to a significant rise in the number of patients suffering from chronic wounds such as diabetic foot ulcers, venous leg ulcers, cavity wounds, and skin abrasions that have called for more advanced wound healing specialties in healthcare setups. Besides this, the spread of COVID-19 has profoundly impacted the wound care industry as it has led to the accumulation of massive surgeries piled up. However, an attempt to resolve those unmet needs in the future is likely to promote the adoption of such products in order to heal quickly.

Key Findings of the Study: GCC Wound Care market

Key Driver: Higher Prevalence of Chronic Wounds Across GCC Countries

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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Scope of the GCC Wound Care Market Report Segmentation

-By Product

Wound care products
Wound therapy devices
Functional Wound Care product

-By Applications

Pressure Sores
Diabetic Foot Ulcers
Traumatic Ulcers
Arterial & Veins
Burns

-By End User

Hospitals
Specialty Clinics

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Geographical analysis:

-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. 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.

Current Landscape of GCC Wound Care Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the GCC Wound Care market. The research report profiles major players, including

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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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