Middle East & Africa Wound Closure And Advanced Wound Care Market Size & Outlook
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MEA wound closure and advanced wound care market highlights
- The MEA wound closure and advanced wound care market generated a revenue of USD 52.5 million in 2023.
- The market is expected to grow at a CAGR of 2.4% from 2024 to 2030.
- In terms of segment, fibrin-based sealants was the largest revenue generating product in 2023.
- Hydrocolloids-based Sealants is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 52.5 million |
| Market revenue in 2030 | USD 61.9 million |
| Growth rate | 2.4% (CAGR from 2023 to 2030) |
| Largest segment | Fibrin-based sealants |
| Fastest growing segment | Hydrocolloids-based Sealants |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fibrin-based Sealants, Collagen-based Sealants, Hydrocolloids-based Sealants, Synthetic Adhesives |
| Key market players worldwide | Smith & Nephew PLC, Molina Healthcare Inc, Acelity, ConvaTec Group PLC, Baxter International Inc, Johnson & Johnson, Coloplast A/S ADR, Medtronic PLC, 3M Co, Medline Industries |
Other key industry trends
- In terms of revenue, MEA region accounted for 3.7% of the global wound closure and advanced wound care market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 332.0 million by 2030.
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Wound Closure And Advanced Wound Care Market Scope
Wound Closure And Advanced Wound Care Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Acelity | View profile | 1001-5000 | San Antonio, Texas, United States, North America | http://www.acelity.com |
| Molina Healthcare Inc | View profile | 18000 | 200 Oceangate, Suite 100, Long Beach, CA, United States, 90802 | https://www.molinahealthcare.com |
| Medline Industries | View profile | 10001+ | Mundelein, Illinois, United States, North America | http://www.medline.com/home.jsp |
| ConvaTec Group PLC | View profile | 10136 | 20 Eastbourne Terrace, 7th Floor, Paddington, London, United Kingdom, W2 6LG | https://www.convatecgroup.com |
| Smith & Nephew PLC | View profile | 18452 | Hatters Lane, Building 5, Croxley Park, Watford, Hertfordshire, United Kingdom, WD18 8YE | https://www.smith-nephew.com |
| Coloplast A/S ADR | View profile | 15930 | Holtedam 1-3, Humlebaek, Denmark, DK-3050 | https://www.coloplast.com |
| 3M Co | View profile | 85000 | 3M Center, St. Paul, MN, United States, 55144 | https://www.3m.com |
| Medtronic PLC | View profile | 95000 | Lower Hatch Street, 20 On Hatch, Dublin, Ireland, 2 | https://www.medtronic.com |
| Baxter International Inc | View profile | 60000 | One Baxter Parkway, Deerfield, IL, United States, 60015 | https://www.baxter.com |
| Johnson & Johnson | View profile | 134400 | One Johnson and Johnson Plaza, New Brunswick, NJ, United States, 08933 | https://www.jnj.com |
Middle East & Africa wound closure and advanced wound care market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to wound closure and advanced wound care market will help companies and investors design strategic landscapes.
Fibrin-based sealants was the largest segment with a revenue share of 32.19% in 2023. Horizon Databook has segmented the Middle East & Africa wound closure and advanced wound care market based on fibrin-based sealants, collagen-based sealants, hydrocolloids-based sealants, synthetic adhesives covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East and Africa market is expected to grow considerably over the forecast period. The countries with significant growth rate in this region are South Africa, Saudi Arabia, UAE, and Egypt. Factors that can be attributed to the growth of MEA wound closure & advanced wound care market are growing geriatric population, increasing number of surgeries, and rising incidence of sports-related injuries.
With increasing government initiatives to develop healthcare infrastructure, the region is expected to witness a rise in number of surgeries, leading to an increase in demand for wound care products for postoperative care.
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Our clientele includes a mix of wound closure and advanced wound care market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa wound closure and advanced wound care market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa wound closure and advanced wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA wound closure and advanced wound care market size, by country, 2018-2030 (US$M)
Middle East & Africa Wound Closure And Advanced Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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