South America Advanced Wound Care Market - Size
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Advanced products for the wound healing process are generally prescribed by a doctor after a visit to the hospital. This category generally includes film and foam dressings, hydrogels, alginates, and hydrocolloids. Such products are largely focused on keeping the wound hydrated to encourage healing, following the philosophy that a moist microenvironment promotes the natural healing process (human cells require water to live and grow) without occluding the wound.
South America Advanced Wound Care Market Segments Size & Growth:
South America Advanced Wound Care Market size is projected to reach approximately $ 4,008.6 million by the end of 2024 with a CAGR of close to 2.37% from $ 3,149.0 million in 2017 during the forecast timeline 2018-2024. Key parameters promoting the market growth include rising incidence of diabetes & associated chronic wounds, rapid growth in the geriatric population, increasing adoption of evidence-based treatments for chronic wounds, innovation in advanced wound care products, and awareness programs for advanced wound care treatment and management. However, the high cost of advanced wound care products is thereby hampering the market growth.
South America Advanced Wound Care Market Segments Share:
South America Advanced Wound Care Market is categorised into a type which comprises
South America Advanced Wound Care Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
dressings, therapy devices, and active wound care. Among them, dressings segment is expected to hold the most significant share because of the increasing incidence of target indications, such as diabetic ulcers, venous ulcers, and pressure ulcers. By Wound Type, the market is segmented into surgical wounds, ulcers, traumatic wounds, burns, and others. Among them, Surgical wounds segment is expected to hold the most significant share due to the prevalence of pressure ulcers and venous leg ulcers in the geriatric population and increasing the demand for advanced wound care products By End User; the market is segmented into inpatient services and outpatient services. Among them, hospitals and clinics segment is estimated to account for the most significant share due to increasing patient admissions for the treatment of chronic wounds, rising incidence of diabetes, and improving hospital infrastructure in developing countries. By Geography, Brazil and Argentina are projected to dominate the market with the most significant share due to the rapid growth of this region can be attributed to the introduction of the wound care diagnostics to identify pathogens and microorganisms. Also, the increasing focus of players on the development of new products and
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South America Advanced Wound Care Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
technological advancements is likely to accelerate the growth of the market in the next few years.
South America Advanced Wound Care Market Trends:
- Smith & Nephew to pilot digital wound care solution in supporting life sciences sector deal.
- Braun Medical Inc. announced the launch of Prontosan Wound Gel X. It is the only wound gel available on the market that contains Betaine (surfactant).
South America Advanced Wound Care Market Research Report:
An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.
To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.
Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year
Identifying DROC in the current market and their impact in altering the market dynamics.
Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.
Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.
The primary market players, such as
- Smith & Nephew
- Molnlycke Health Care
- Braun
- Convatec Group
- Coloplast
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