The GCC Wound Care market is anticipated to experience robust growth in the forecasted period on account of the rising prevalence of chronic and acute disorders, burgeoning awareness of wound management along with advancements in wound care products and bolstering geriatric population. Besides this, increasing incidence of diabetes, snowballing skin diseases and surging government investment in healthcare infrastructure is anticipated to augment the growth of the market in the forecast period.
According to MarkNtel Advisors’ research report “GCC Wound Care Market Analysis, 2021”, the GCC Wound Care market is anticipated to grow at a considerable CAGR during 2021-2026. Based on End-User, Hospitals acquired a significant market share in 2020. The growth of the segment is attributed to a significant rise in the number of surgeries, burgeoning government initiatives to improve healthcare infrastructure along with the snowballing prevalence of surgical and chronic wounds and escalating incidences of burn injuries.
“GCC Wound Care Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Wound Care providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
UAE Acquired the Majority Share
UAE has acquired the majority share in the market in 2019. This is due to burgeoning investment on surgical and chronic wounds and mounting incidences of diabetic ulcer, pressure ulcer among people is increasing the adoption of the wound dressing. Moreover, rise in geriatric populace, the subsequent growth in the cosmetic surgery and propelling the demand of wound care product among clinicians and patients are some of the key factors towards the growth of Wound Care Market in the forthcoming period as stated in MarkNtel Advisors’ research report “GCC Wound Care Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the GCC Wound Care market are Smith & Nephew, 3M Gulf Ltd, Integra Lifesciences Middle East FZ-LLC, Medtronic PLC, Mundipharma Middle East FZ-LLC, ConvoTec, Coloplast, BSN Medical, Others etc.
Key questions answered in the study: