Saudi Arabia Wound Closure And Advanced Wound Care Market Size & Outlook
Saudi Arabia wound closure and advanced wound care market, 2018-2030 (US$M)
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Saudi Arabia wound closure and advanced wound care market highlights
- The Saudi Arabia wound closure and advanced wound care market generated a revenue of USD 10.1 million in 2023 and is expected to reach USD 12.2 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 2.6% 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.
Wound closure and advanced wound care market data book summary
| Market revenue in 2023 | USD 10.1 million |
| Market revenue in 2030 | USD 12.2 million |
| Growth rate | 2.6% (CAGR from 2023 to 2030) |
| Largest segment | Fibrin-based sealants |
| Fastest growing segment | Hydrocolloids-based Sealants |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 0.7% of the global wound closure and advanced wound care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa wound closure and advanced wound care market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 15.1 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 |
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Saudi Arabia 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 31.68% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Rising cases of diabetes and increasing geriatric population in Saudi Arabia are major drivers of the wound closure & advanced wound care market in Saudi Arabia. For instance, as per the International Diabetes Federation in 2019, the prevalence rate of diabetes in adults was around 12.8% in Turkey in 2017.
However, low awareness about advanced wound care products and lack of skilled professionals are expected to hinder the market growth. Furthermore, low healthcare spending by both private and public sectors limits many major market players to enter into the market.
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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 country-level data and insights on the Saudi Arabia wound closure and advanced wound care market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia wound closure and advanced wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia wound closure and advanced wound care market size, by product, 2018-2030 (US$M)
Saudi Arabia Wound Closure And Advanced Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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