Market Size of Saudi Arabia Wound Care Management Devices Industry
| Study Period | 2021 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2021 - 2022 |
| CAGR | 5.80 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Saudi Arabia Wound Care Management Devices Market Analysis
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 in Saudi Arabia. Almost all sectors were affected by the COVID-19 pandemic. According to an article published by the International Wound Journal in January 2022, most practices observed a significant reduction in patient visits regarding wound care. Most patients postponed or delayed aspects of their wound care during the pandemic. This shows that the pandemic significantly impacted the market studied initially. However, now that the pandemic has subsided, people are opting for wound management products and services. Hence, the market studied is expected to have stable growth during the forecast period.
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 with 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, to distribute ChloraSolv. Chlorasolv is a debridement gel used on leg ulcers and diabetic foot ulcers to gently remove devitalized tissue quickly and easily to promote natural wound healing. Such activities are expected to encourage 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 market growth in the region.
Saudi Arabia Wound Care Management Devices Industry Segmentation
Wound management products are majorly used to treat complex wounds. Wounds and injuries are common afflictions that affect billions of people worldwide. The products are highly resistant to environmental inhibitors and foreign particles and are used by a nurse under the physician's orders and supervision for many reasons.
The Saudi Arabia Wound Care Management Devices Market is Segmented by Product (Wound Care (Dressings, Bandages, Topical Agents, and Wound Care Devices), Wound Closure (Suture. Surgical Staplers, and Tissue Adhesive, Sealant, and Glue)), and Wound Type (Chronic Wound (Diabetic Foot Ulcer, Pressure Ulcer, Arterial and Venous Ulcer, and Other Chronic Wounds) and Acute Wound (Surgical Wounds, Burns, and Other Acute Wounds)). The report offers value (in USD million) for the above segments.
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Saudi Arabia Wound Care Management Devices Market Size Summary
The Saudi Arabia wound care management market is poised for steady growth, driven by an increasing demand for efficient wound recovery solutions, a rise in surgical procedures, and the growing prevalence of chronic diseases such as diabetes. The market experienced a temporary setback during the COVID-19 pandemic, with a notable decline in patient visits for wound care. However, as the pandemic's impact wanes, there is a resurgence in the adoption of wound management products and services. The high prevalence of diabetes in Saudi Arabia, which leads to a significant risk of foot ulcers, is a key factor propelling market expansion. The establishment of local distribution networks by companies like RLS Global further supports market growth by enhancing the availability of advanced wound care products.
The market is characterized by a diverse range of players committed to innovation and the development of new treatment methods, particularly for diabetic foot ulcers. The increasing use of advanced dressings, such as polyurethane foam, is expected to drive segment growth, supported by the rising geriatric population and the prevalence of diabetes-related complications. The introduction of novel technologies, like PolyNovo's NovoSorb BTM, underscores the market's dynamic nature. Despite the high cost of wound care management devices posing a challenge, the ongoing advancements and the focus on addressing the healthcare needs of patients are likely to sustain the market's growth trajectory over the forecast period.
Saudi Arabia Wound Care Management Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Incidences of Chronic Wounds, Ulcers and Diabetic Ulcers
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1.2.2 Increase in Volume of Surgical Procedures Worldwide
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1.3 Market Restraints
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1.3.1 High-cost of Procedures
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value in USD Millions)
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2.1 By Product
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2.1.1 Wound Care
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2.1.1.1 Dressings
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2.1.1.2 Bandages
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2.1.1.3 Topical Agents
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2.1.1.4 Wound Care Devices
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2.1.2 Wound Closure
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2.1.2.1 Suture
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2.1.2.2 Surgical Staplers
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2.1.2.3 Tissue Adhesive, Sealant, and Glue
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2.2 By Wound Type
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2.2.1 Chronic Wound
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2.2.1.1 Diabetic Foot Ulcer
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2.2.1.2 Pressure Ulcer
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2.2.1.3 Arterial and Venous Ulcer
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2.2.1.4 Other Chronic Wound
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2.2.2 Acute Wound
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2.2.2.1 Surgical Wounds
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2.2.2.2 Burns
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2.2.2.3 Other Acute Wounds
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Saudi Arabia Wound Care Management Devices Market Size FAQs
What is the current Saudi Arabia Wound Care Management Devices Market size?
The Saudi Arabia Wound Care Management Devices Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Wound Care Management Devices Market?
Johnson and Johnson, Smith and Nephew, 3M, ConvaTec Inc. and Medtronic Plc are the major companies operating in the Saudi Arabia Wound Care Management Devices Market.
