Saudi Arabia Wound Care Management Devices Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

Saudi Arabia Wound Care Management Devices Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

Saudi Arabia wound care management devices market is expected to grow at a CAGR of 5.8% over the forecast period.

During the COVID-19 pandemic, several communities, industries, businesses, and lives were adversely affected owing to the restrictions imposed by various countries. Almost all sectors were affected by the COVID-19 pandemic. According to the Covid-19 response report Saudi Arabia 2020 which was released in January 2021, there were 286 hospitals in Saudi Arabia that belonged to the Ministry of Health, 164 private hospitals, and 48 other government hospitals in 2019. Prior to the COVID-19 pandemic, the country made consistent investments in the health sector, which improved important health metrics. Such initiatives by the government are expected to aid the demand for wound care management in all hospital settings.

The key factors propelling Saudi Arabia wound care management market include the growing demand for faster recovery of wounds, an increase in the number of surgeries, and the rising incidences of chronic diseases, such as diabetes.

According to the International Federation of Diabetes (IDF) update on diabetes in Saudi Arabia published in February 2022, around 4,274,100 adults in Saudi Arabia were affected by diabetes. This accounted for a prevalence rate of over 17.7% of the total population. Saudi Arabia has the highest diabetic prevalence in Middle Eastern countries. The risk of developing foot ulcers is as high as 25%, in a person suffering from diabetes. Hence, with the increase in the diabetic population, it is expected that the prevalence of foot ulcers will also increase in the forecast period.

The focus of the market players on the Saudi Arabia market is expected to add to the market growth. For instance, in May 2022, RLS Global, established a local distribution network in Saudi Arabia through a regional agent, Med Surg, for the distribution of ChloraSolv. Chlorasolv is a debridement gel that is used on leg ulcers and diabetic foot ulcers to gently remove devitalized tissue in a quick and easy way to promote natural wound healing. Such activities are expected to promote the market growth in the nation.

Therefore with the high incidence of the diabetic population, along with the increasing lower extremity amputation in Saudi Arabia, the market is expected to increase during the forecast period. However, the high cost of wound care management devices is expected to hinder the market growth in the region.

Saudi Arabia Wound Care Management Devices Market TrendsDressing is Expected to Witness a High CAGR Over the Forecast Period

The management of chronic wounds is found to be a significant medical burden associated with significant healthcare expenditures. Since the establishment of moist wound healing, several types of wound dressings have been developed.

Foam has a significant role in the clinical management of chronic wounds and in moist wound healing. Over the past 30 years, polyurethane foam has become one of the most commonly used wound dressings for exudate management in moist wound healing. The foam consists of a porous structure that is able to absorb fluids into air-filled spaces by capillary action. The most commonly used foam is polyurethane. Silicone foam is less frequently used as the primary absorbent in wound dressing but often is applied as an adhesive wound-contact layer.

The data released in October 2021 Road accidents injuries: mortality rate per country report 2020 indicated that Saudi Arabia registered a road-traffic mortality rate of 35.9 deaths per 100,000 inhabitants in 2020. Such an increase in the number of road accident injuries among the population is ultimately driving the demand for dressings during surgeries in hospital care settings.

Foam dressings are produced with variable thickness and may be adhesive or non-adhesive. Foams are commonly supplied with a film-backing, with the purpose of providing water- and microbial-resistant barrier from the external environment. The advantages associated with the foam dressings will propel the growth of the market studied.

Saudi Arabia Wound Care Management Devices Market Competitive Analysis

The market players are committed to developing innovative healing solutions for customers and patients across the care continuum, generating proven clinical outcomes. The companies are also showing continuous growth and are developing new and differentiated products and services, which address the evolving healthcare needs among patients, providers, and consumers. Some of the major key players include Johnson and Johnson, 3M, Smith and Nephew, ConvaTec Inc., and Medtronic Plc, among others.

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1 INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Incidences of Chronic Wounds, Ulcers and Diabetic Ulcers
4.2.2 Increase in Volume of Surgical Procedures Worldwide
4.3 Market Restraints
4.3.1 High-cost of Procedures
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - in USD Millions)
5.1 By Product
5.1.1 Wound Care
5.1.1.1 Dressings
5.1.1.2 Bandages
5.1.1.3 Topical Agents
5.1.1.4 Wound Care Devices
5.1.2 Wound Closure
5.1.2.1 Suture
5.1.2.2 Surgical Staplers
5.1.2.3 Tissue Adhesive, Sealant, and Glue
5.2 By Wound Type
5.2.1 Chronic Wound
5.2.1.1 Diabetic Foot Ulcer
5.2.1.2 Pressure Ulcer
5.2.1.3 Arterial and Venous Ulcer
5.2.1.4 Other Chronic Wound
5.2.2 Acute Wound
5.2.2.1 Surgical Wounds
5.2.2.2 Burns
5.2.2.3 Other Acute Wounds
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Johnson and Johnson
6.1.2 3M Company
6.1.3 Smith & Nephew
6.1.4 Medtronic Plc
6.1.5 Coloplast Ltd
6.1.6 Molnlycke Health Care
6.1.7 Convatec Inc.
6.1.8 Beiersdorf AG
7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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