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Latin America Advanced Wound Care Market

Latin America Advanced Wound Care Market Size, Analysis: By Product: Infection Management, Exudate Management, Active Wound Care, Therapy Devices; By Wound Type: Chronic Wounds, Acute Wounds; By End Use: Hospitals and Clinics, Community Health Service Centres; Regional Analysis; Competitive Landscape; 2024-2032

Latin America Advanced Wound Care Market Outlook

The Latin America advanced wound care market size reached a value of approximately USD 535.78 million in 2023. The market is expected to grow at a CAGR of 5.50% between 2024 and 2032, reaching a value of around USD 730.88 million by 2032.

 

latin america advanced wound care market

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Key Trends in the Market

Advanced wound care (AWC) refers to the products and therapies used to treat wounds when conventional treatments have not shown significant improvements in the patient. AWC can include the use of hydrocolloids, hydrogels, film and foam dressings, alginates, and technologies like Negative Pressure Wound Treatments (NPWT) and hyperbaric oxygen therapy equipment. Various types of advanced wound care techniques are used based on the wound type to enable faster healing.

 

  • The number of people in the 60+ age range is rising quickly throughout the Latin America region. Since older people are more susceptible to chronic conditions like diabetes, cancer, cardiovascular disease, and neurological disorders, this will likely surge the Latin America advanced wound care market demand.
  • The increased prevalence of acute injuries and the rising number of surgeries have a positive impact on the growth of the advanced wound care market in Latin America. In cases of severe acute injuries that show limited potential of healing with standardised wound care, advanced wound care is commonly used.
  • Advanced wound care products are also being favoured as they increase oxygen flow, protect the damaged location from exogenous infection, help maintain a consistent body temperature, and decrease pain associated with dressing changes. These features facilitate quick healing and encourage cell proliferation, which raises the need for advanced wound care products, thus aiding the Latin America advanced wound care market growth.
  • Also, since advanced wound care promotes quick wound healing, these products and technologies are becoming the standard solution for a number of conditions and wounds of specific complexities. As a result, the need for wound care products is growing due to the rising prevalence and complexity of wounds, including infections and ulcerations (such as leg or foot ulcers) that need to be treated.

 

Latin America Advanced Wound Care Market Analysis

 

latin america advanced wound care market by segments

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The market on the basis of product is segmented into infection management, exudate management, active wound care, and therapy devices. Based on wound type, the market is bifurcated into chronic wounds and acute wounds. On the basis of end use, the market is divided into hospitals and clinics, and community health service centres. The major countries in the advanced wound care market of Latin America are Brazil, Argentina, and Mexico, among others.

 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Latin America advanced wound care market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans. 

 

  • Smith & Nephew Plc
  • Essity Aktiebolag
  • Coloplast A/S
  • ConvaTec Group Plc
  • Mölnlycke Health Care AB
  • 3M Company
  • Paul Hartmann AG
  • Others

 

Market Share by Wound Type

Based on wound type, chronic wounds account for a sizable share in the Latin America advanced wound care market and are expected to witness steady growth in the coming years. Chronic wounds typically have already been attempted to be treated by conventional wound care methods which have shown limited results, often worsening over time. As chronic wounds may fester and lead to severe infections and complications, there is greater importance on treating them through advanced wound care products, techniques, and devices. The increasing prevalence of diabetic foot ulcers, venous pressure ulcers, and other chronic wounds are likely to drive the Latin America advanced wound care market expansion.

 

Market Share by End Use

Hospitals and clinics held a dominant position in the advanced wound care market in Latin America in terms of end use, supported by the improvements in healthcare infrastructure in countries in the region. An increase in surgical operations and hospital admissions are the major factors that have contributed to the segment's growth. The Latin America advanced wound care market is also being bolstered by an increase in the number of procedures performed in the region. Increase in hospital admissions for chronic wounds such as pressure ulcers, venous leg ulcers, diabetic foot ulcers, along with the rising incidence of pressure ulcers and infections contracted in hospitals are contributing to the market share of hospitals and clinics. 

 

latin america advanced wound care market by region

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Competitive Landscape

Smith & Nephew Plc, headquartered in Hertfordshire, England is a global medical technology company specialising in advanced wound management products, arthroscopy products, therapy products, and orthopaedic reconstruction products. Founded in 1856, the company's advanced wound management segment comprises of advanced wound bioactives, advanced wound care, and advanced wound devices.

 

Coloplast A/S, established in 1957 with its headquarters in Humlebaek, Denmark, creates products and services to improve the lives of people with private and personal medical issues. The company creates products for skin care, wound healing, mastectomy, incontinence, and ostomies, catering to medical experts, distributors, and consumers globally. The research initiatives of Coloplast are carried out in collaboration with expert providers and user groups.

 

ConvaTec Group Plc is a multinational medical products and technology firm which was founded in 1978 with headquarters Berkshire, England. The company focuses on solutions for the management of chronic illnesses and holds a leading market positions in continence care, advanced wound care, ostomy care, and infusion care. Its solutions offer a variety of therapeutic and financial advantages, such as the avoidance of infections, defence of vulnerable skin, enhanced patient outcomes, and decreased overall cost of treatment.

 

Other market players include Essity Aktiebolag, Mölnlycke Health Care AB, 3M Company, and Paul Hartmann AG, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Wound Type
  • End Use
  • Region
Breakup by Product
  • Infection Management
  • Exudate Management
  • Active Wound Care
  • Therapy Devices
Breakup by Wound Type
  • Chronic Wounds
  • Acute Wounds
Breakup by End Use
  • Hospitals and Clinics
  • Community Health Service Centres
Breakup by Region
  • Brazil
  • Argentina
  • Mexico
  • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Smith & Nephew Plc
  • Essity Aktiebolag
  • Coloplast A/S
  • ConvaTec Group PLC
  • Mölnlycke Health Care AB
  • 3M Company
  • Paul Hartmann AG
  • Others

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Market Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
7    Opportunities and Challenges in the Market
8    Latin America Advanced Wound Care Market Overview

    8.1    Key Industry Highlights
    8.2    Latin America Advanced Wound Care Historical Market (2018-2023) 
    8.3    Latin America Advanced Wound Care Market Forecast (2024-2032) 
9    Latin America Advanced Wound Care Market by Product
    9.1    Infection Management
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2023)
        9.1.3    Forecast Trend (2024-2032)
    9.2    Exudate Management
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2023)
        9.2.3    Forecast Trend (2024-2032)
    9.3    Active Wound Care
        9.3.1    Market Share
        9.3.2    Historical Trend (2018-2023)
        9.3.3    Forecast Trend (2024-2032)
    9.4    Therapy Devices
        9.4.1    Market Share
        9.4.2    Historical Trend (2018-2023)
        9.4.3    Forecast Trend (2024-2032)
10    Latin America Advanced Wound Care Market by Wound Type
    10.1    Chronic Wounds
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2023)
        10.1.3    Forecast Trend (2024-2032)
    10.2    Acute Wounds
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2023)
        10.2.3    Forecast Trend (2024-2032)
11    Latin America Advanced Wound Care Market by End Use
    11.1    Hospitals and Clinics
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2023)
        11.1.3    Forecast Trend (2024-2032)
    11.2    Community Health Service Centres
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2023)
        11.2.3    Forecast Trend (2024-2032)
12    Latin America Advanced Wound Care Market by Country
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2023)
        12.1.3    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2023)
        12.2.3    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2023)
        12.3.3    Forecast Trend (2024-2032)
    12.4    Others
13    Market Dynamics
    13.1    SWOT Analysis
        13.1.1    Strengths
        13.1.2    Weaknesses
        13.1.3    Opportunities
        13.1.4    Threats
    13.2    Porter’s Five Forces Analysis
        13.2.1    Supplier’s Power
        13.2.2    Buyers Powers 
        13.2.3    Threat of New Entrants
        13.2.4    Degree of Rivalry
        13.2.5    Threat of Substitutes
    13.3    Key Indicators for Demand
    13.4    Key Indicators for Price
14    Value Chain Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Smith & Nephew Plc
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    Essity Aktiebolag
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Coloplast A/S
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    ConvaTec Group PLC
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Mölnlycke Health Care AB
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    3M Company
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    Paul Hartmann AG
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Latin America Advanced Wound Care Market: Key Industry Highlights, 2018 and 2032
2.    Latin America Advanced Wound Care Historical Market: Breakup by Product (USD Million), 2018-2023
3.    Latin America Advanced Wound Care Market Forecast: Breakup by Product (USD Million), 2024-2032
4.    Latin America Advanced Wound Care Historical Market: Breakup by Wound Type (USD Million), 2018-2023
5.    Latin America Advanced Wound Care Market Forecast: Breakup by Wound Type (USD Million), 2024-2032
6.    Latin America Advanced Wound Care Historical Market: Breakup by End Use (USD Million), 2018-2023
7.    Latin America Advanced Wound Care Market Forecast: Breakup by End Use (USD Million), 2024-2032
8.    Latin America Advanced Wound Care Historical Market: Breakup by Country (USD Million), 2018-2023
9.    Latin America Advanced Wound Care Market Forecast: Breakup by Country (USD Million), 2024-2032
10.    Latin America Advanced Wound Care Market Structure

Key Questions Answered in the Report

In 2023, the Latin America market for advanced wound care attained a value of approximately USD 535.78 million.

The market is projected to grow at a CAGR of 5.50% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 730.88 million by 2032.

The major drivers of the market include the rising prevalence of acute injuries, growing geriatric population, increasing incidences of complex wounds, and rise in the diabetic population.

The increasing incidences of chronic health conditions and escalating number of surgeries are the key trends propelling the growth of the market.

The wound types in the market are chronic wounds and acute wounds.

The various products in the market are infection management, exudate management, active wound care, and therapy devices.

The different types of advanced wound dressings include semipermeable films, composites, antimicrobial, foams, hydrocolloids, bioactive, hydrogels, hydro fibres, and tissue-engineered dressings.

Wounds that don't heal completely after four weeks of standard care are advised to be examined for underlying pathology and need for advanced wound care.

The major players in the Latin America advanced wound care market are Smith & Nephew Plc, Essity Aktiebolag, Coloplast A/S, ConvaTec Group Plc, Mölnlycke Health Care AB, 3M Company, and Paul Hartmann AG, among others.

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