Key Market Indicators
Armenia's wound dressing export market is on track to hit $88,000 by 2028, up from $66,000 in 2023. This marks an average annual growth rate of 4.4%. Since 2019, the country's supply has surged by nearly 58% each year. In 2023, Armenia ranked 60th globally in this sector, with Norway leading at $66,000. Belgium, Germany, and Austria secured the second, third, and fourth spots, respectively. On the import front, Armenia's wound dressing market is projected to reach approximately $1.2 million by 2028, up from $1 million in 2023. This represents an average annual growth rate of 2.1%. Armenian demand has seen a steady increase, rising by 6.4% annually since 2002.
