The size of the Middle East and Africa medical simulation market is estimated to be growing at a healthy CAGR during the forecast period.
The increasing incidence of diabetes and associated chronic wounds will have impacted the advanced wound care market, dragging the advanced wound care market into a futuristic time. The high costs of wound treatment may hamper the growth of the advanced wound care market. New wound care technologies and products are introduced in developing countries and will help maximize growth, acting as an opportunity for the advanced wound care market in developing countries.
The increasing spending on chronic and surgical wounds, government initiatives to prevent surgical site infections, and the high rate of Caesarean sections in elderly mothers leading to increased postoperative use of NPWT devices are expected to drive the market growth during the forecast period.
The number of people with diabetes worldwide is expected to reach 645 million in 2040, up from 420 million in 2018, according to estimates by the International Diabetes Federation (IDF).
Diabetes and associated ulcers, traumatic wounds, and surgical wounds require intensive and effective care to heal. Usually, infections of the main compartments and abscesses can be drained through incisions. However, as the incisions on the plantar surface heal slowly, this leads to a longer period of immobilization. This will boost the demand for advanced wound treatment for faster drainage and healing of wounds, increasing the demand for NPWT devices.
Technological developments in NPWT have already led to extensions of its indications. For example, small-sized single-use disposable pumps are now used to treat new types of wounds like small surgical wounds in-home care settings. In addition to this, new, ongoing interventions could contribute to the greater acceptance of NPWT devices.
Increased competition from other companies in terms of various substitute dressings, devices, and allografts, lack of trained professionals, and low awareness in the remote areas in developing and backward countries hinder the MEA medical simulation market growth may be a hindrance for the growth of the NPWT market for branded products. Outsourcing from various other countries with low input for manufacturing in MEA regions expected to have a restraining effect on the market during the forecast period.
Impact of COVID-19 on the Middle East and Africa medical simulation market:
The COVID-19 pandemic has affected companies in the pharmaceutical supply chain. This situation has put enormous pressure on hospitals and other healthcare facilities to provide COVID-19 patients, especially diabetic patients with diabetic foot ulcers (DFU) and their complications. Therefore, due to the effectiveness of NPWT to heal DFU in less time, the demand for NPWT is increasing despite its high price.
The increasing number of surgeries and the COVID-19 pandemic epidemic are expected to drive the growth of the advanced wound care market. Although there is a huge shortage of supply and demand due to transportation restrictions, the TPN market is experiencing positive growth mainly due to government funding and need-based method of use.
This market research report on the Middle East and Africa medical simulation market has been segmented and sub-segmented into the following categories.
By-Products & Services:
Geographically, the South African medical simulation market is expected to play a significant role in the MEA market during the forecast period as South African manufacturers invest in South Africa and diabetes is more prevalent globally, which is why there are more diabetic ulcers in the region. However, the Middle East & Africa would show a moderate CAGR because of the unavailability of favorable reimbursement policies and the expensive nature of treatments.
It can also be noted that positive regulatory changes in the market at the national level, impacting the current and the future market, will be favorable for the upcoming period. In addition, the presence and availability of popular Middle Eastern and African brands will have a positive impact on sales in the forecast period.
KEY MARKET PLAYERS:
3D Systems, Canadian Aviation Electronics (CAE) Inc., Kyoto Kagaku Co. Ltd, Laerdal Medical, Limbs & Things Ltd, Mentice AB, and Simulab Corporation are a few noteworthy companies in the MEA medical simulation market.