Latin America Wound Dressing Market was valued at USD 350 million in 2022 and is poised to grow at a CAGR of 5% from 2023-2029 to reach USD 492.5 Mn by 2028. A wound is a disruption of skin epithelial lining or mucosa which results in thermal or physical damage. Depending upon the healing nature and duration, a wound is classified into two types that is chronic wounds and acute wounds. Wounds can be caused because of the incisions made in the body during surgeries. A wound dressing is treating the wounds by both external and internal surgical procedures. Traditional wound dressings are used to treat acute wounds while advanced wound dressings are used to treat chronic wounds. This report gives a comprehensive outlook of Wound Dressing usage or adoption across the globe with special emphasis on key regions such as Argentina, Brazil, and Mexico.
Latin America Wound Dressing Market is majorly driven by advancements in the technologies and problems associated with traditional wound healing methods. Furthermore, increase in ageing of the population, government initiatives, and dire need of rapid and safe treatment for chronic wounds is expected to accelerate the growth of the Latin America Wound Dressing Market. A rise in prevalence of lifestyle disorders leads to chronic wounds like venous leg ulcer, pressure ulcer, diabetic foot ulcer is expected to fuel the growth of market. However, high cost associated with the treatment, lack of awareness and reimbursement issues of new technologies are major restraints of Latin America Wound Dressing Market.
The market is segmented as Brazil, Mexico, and Argentina, and rest of Latin America. Latin America market is one of the rapidly growing market owing to the emerging economic conditions, the presence of large untapped areas, fast urbanization, advancements in technologies, growing prevalence and incidence of diabetes etc. As per Global Status Report on Road Safety, about 16700 deaths were reported due to road accidents in Mexico in 2013. According to Data of World Bank, about 1.3Mn deaths were reported every year in Latin American Countries due to the road accidents. According to International Diabetes Federation, around 1.7 Mn people are diagnosed with Diabetes every year in Latin America.
Latin America
Europe
Asia Pacific
Middle East
North America
The latin america wound dressing market size was valued at USD 350 million in 2022
The report covers countries market data: Brazil, Mexico, Argentina
Acelity LP Inc., Coloplast A/S, ConvaTec Group Plc, IonMed, Ethicon, Inc. Medtronic plc, 3M Company, Derma Sciences, Inc.