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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
