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Increasing number of surgical procedures is expected to trigger the Africa advanced wound therapy market during the forecast timeframe. People residing in Africa and sub-African regions are prone to viral, bacterial and fungal infections. Moreover, the continent also experiences high prevalence of STDs (sexually transmitted diseases) such as HIV that will lead to an increase in the number of surgical procedures. Also, number of road accidents is high in Africa as compared to other developing economies. Road accidents increase demand for surgical procedure that will further upsurge demand for advanced wound therapies.Request for a sample of this report @ https://www.graphicalresearch.com/request/1166/sample
According to the Graphical Research new growth forecast report titled “Africa Advanced Wound Care Market By Product (Wound Dressings {Antimicrobial Dressings, Alginate Dressings, Hydrogel Dressings, Foam Dressings, Film Dressings, Hydrocolloidal Dressings}, Wound Therapy Devices {Negative Pressure Wound Therapy Systems, Pressure Relief Devices, Electrostimulation Devices, Oxygen And Hyperbaric Oxygen Equipment} Others {Bioengineered Skin and Substitutes, Growth Factors}), By Application (Diabetic Wounds, Skin Burn Wounds, Pressure Wound, Surgical Wounds, Venous Legs Ulcers), By End-use (Hospitals, Homecare Settings)”, Estimated To Exceed USD 406 Million By 2024.
Recent development in the African healthcare system will positively influence the industry growth. African public healthcare system until recently was not much developed, but due to interventions of various organizations such as WHO, there has been a considerable improvement over past few years. Public healthcare system in Africa now ensures availability of well-trained and professional surgeons, availability and proper distribution of surgical instruments and wound therapy products. According to IFC, a new clinic in rural parts of Lesotho’s capital Maseru was established to provide clinical services for people residing in rural areas. This project initiated for delivering clinical services to rural population was supported by USD 6.25 million grant from Global Partnership on Output-Based Aid. Establishment of such clinics and hospital providing health facilities in rural area will enhance demand for wound dressings and other surgical products. However, high cost of technologically advanced wound care therapy devices will restrain its industry growth in the coming years.
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Wound therapy devices segment held more than 27% revenue share in 2017 and will witness lucrative CAGR from 2018 to 2024. Recently developed wound therapy devices facilitate healing process and reduce wound closure time. Moreover, key industry players have developed portable systems that provide ease and convenience. Adoption of the portable wound therapy devices is more in homecare settings that should surge the segmental growth.
Diabetic wounds segment was valued around USD 40 million in 2017 and is anticipated to grow significantly throughout the analysis period. Diabetic patients have lower wound healing rates and hence, foot ulcers have become one of the major problems. Wound healing process is slow in patients with diabetes as the oxygen doesn’t reach most of the cells in the body that increases chances of susceptibility for microbial and fungal skin infections. These chronic wounds require critical monitoring and increase the demand for advanced wound care therapy.
Homecare settings segment accounted for substantial revenue in 2017 and will show robust 7.2% growth over the analysis timeframe. Homecare settings segment growth is attributable to increasing preference by geriatric population for advanced wound therapies. Elderly population base suffering from diabetes have low injury healing rate and find it inconvenient to pay frequent hospital visits that increases the demand for advanced wound care products in homecare settings.
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Major industry players operational in Africa advanced wound care market include 3M Inc. Acelity L.P. Inc, B. Braun Melsungen Medical AG, Beiersdorf Global, BSN Medical, ConvaTec Group, Coloplast, Hartmann, Mölnlycke and Smith & Nephew PLC. Key industry players adopt several strategic initiatives such as acquisition, mergers and new product launch to sustain market competition. For instance, in May 2017, Mölnlycke announced about its launch of new wound care products, Mepilex Border Sacrum and Mepilex Border Heel Dressings for treatment and prevention of pressure ulcers, with an aim to diversify its wound care product portfolio.
Segments we cover:
Africa Advanced Wound Care Market, By Product
Wound Dressings
Antimicrobial dressing
Alginate dressing
Hydrogel
Foam dressing
Film dressing
Hydrocolloidal dressings
Others
Wound therapy devices
Negative pressure wound therapy systems
Pressure relief devices
Electrostimulation devices
Oxygen and hyperbaric oxygen equipment
Others
Others
Bioengineered skin and substitutes
Growth factors
Africa Advanced Wound Care Market
Diabetic Wounds
Skin Burn Wounds
Pressure Wounds
Surgical wounds
Venous legs ulcers
Others
Africa Advanced Wound Care Market
Hospitals
Homecare settings
Others
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Contact Info:
Name: Parikhit B.
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Organization: Graphical Research
Website: https://www.graphicalresearch.com/industry-insights/1166/africa-advanced-wound-care-market
Release ID: 88910722
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