An improved economy and stable unit prices are expected to drive growth in wound care sector in Nigeria over the forecast period. With current low levels of awareness and the perception of wound care as a non-essential category, rising incomes will likely increase demand.
Gauze, tape, and other wound care products is expected to exhibit the strongest performance over the forecast period. While sales have been constrained by high prices and reduced consumer spending power, aforementioned improvements in economic conditions should foster positive volume growth.
Economic challenges are likely to persist in Nigeria, at least in the early part of the forecast period, with high prices continuing to constrain demand. To address this, local manufacturers are anticipated to collaborate with international companies to offer more affordable options to consumers.
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Understand the latest market trends and future growth opportunities for the Wound Care industry in Nigeria with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Wound Care industry in Nigeria, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Wound Care
This is the aggregation of sticking plasters/adhesive bandages, first aid kits, and gauze, tape, and other wound care. Exclude products that prevent foot blisters and anti-scarring only variants.
See All of Our DefinitionsThis report originates from Passport, our Wound Care research and analysis database.
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