The South African wound care management market is expected to witness a CAGR of approximately 6.75%, over the forecast period. The factors propelling the growth of the market include increasing demand for faster recovery of wounds, rising incidence of a chronic wound, and an increase in the number of surgeries.
- In the Middle East, the prevalence of diabetes is the highest in the world, which is estimated to be around 12-20% of the overall population in the region. According to the International Diabetes Federation (IDF), around 1,826,100 cases of diabetes were recorded in South Africa in 2017. The prevalence of diabetes in adults was 5.4% in the country. As the prevalence of diabetes and the cases of the same are increasing in the country, there is an increasing demand for wound care management devices, to reduce the risk of slow healing wounds in diabetic patients.
- In addition, the South African Medical Journal (SAMJ) has indicated that there is a rising number of surgeries that are taking place in the country, which is also a fueling factor for the wound care management market in South Africa.
Key Market Trends
Surgical Staplers are Expected to Grow at a Rapid Rate
Surgical staplers are specialized medical staplers, which can be used as an alternative to sutures, for the purpose of wound closure. They can be used during minimally invasive image-guided procedures. With the rise in demand for minimally invasive surgeries, the surgical staplers segment is expanding. Surgical staplers offer benefits, such as faster recovery, less pain, coagulation, and accurate closure, especially in minimally invasive procedures. Various applications of surgical staplers include the areas of gynecology, abdominal surgeries, cardiothoracic, and orthopedic surgeries.
The increasing number of surgeries in the region is driving the market growth. According to the Heart and Stroke Foundation South Africa, cardiovascular disease is the leading cause of death in South Africa after HIV/AIDS; 215 people die every day from heart disease or strokes. The increasing prevalence of diabetic patients who are more prone to wound and foot ulcers is also boosting the segment growth. With the high patient pool, the market has a huge scope of growth in the region.
The South African wound care management market is moderately competitive, with the presence of some major players, such as Johnson and Johnson, 3M, Smith and Nephew, Medtronic, and Coloplast. Along with these players, some of the small companies are also doing a good business in wound care management in South Africa.
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