Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Latin America Wound Care Market: By Product Type, Therapy Devices, Stand-alone NPWT devices, Portable NPWT devices, Single Use Disposable NPWT Devices), Pressure Relief Devices, Hyperbaric Oxygen Devices, Electrical Stimulation Devices, and Other Therapy Devices), Active Wound Care ), By Wound Type, Surgical Wounds, Trauma Wounds, and Burn Wounds), By End-User, and By Country
Latin America Advanced Wound Care Market size was valued at US$ 800 million in 2022 and is poised to grow at a CAGR of 8.5% from 2023-2029 . Wound healing is hampered by physical health issues such as acute wounds, chronic wounds, and surgical wounds. A growing worldwide senior population, rising traumatic wounds, increasing number of surgeries, and the rising incidence of illnesses like obesity and diabetes have all contributed to an increase in the prevalence of acute, chronic, and surgical wounds over the last decade. Diabetes and obesity can increase the overall incidence and complexity of wounds such as infections, ulcerations (leg or foot ulcers), and chronic wounds, all of which necessitate treatment (advanced wound management) and result in astronomical medical costs.
Latin America Advanced Wound Care Market is majorly propelling by the advancements in the technologies, growing aging population, ineffective traditional wound healing methods and associated risks with them. Government initiatives and need for safer and prompt treatment for the chronic wounds are anticipated to boost the growth of market. Increasing prevalence rate of lifestyle disorders further leads to chronic wounds like venous leg ulcer, pressure ulcer and diabetic foot ulcer are the key factors which are anticipated to increase the Latin America Advanced Wound Care Market.
Report Benchmarks |
Details |
Market Size in 2022 |
US$ 800 million |
By Product Type |
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By Wound Type |
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By End User |
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The latin america advanced wound market size was valued at US$ 800 million in 2022
The report covers the countries market data: Brazil, Mexico, Argentina
Oculus Innovative Sciences, Coloplast Corporation, Medtronic plc., Integra Life Sciences Corporation, Smith and Nephew plc, Mo-Sci Corporation, Organogenesis Inc., Molyncke Health Care
Key Market Players