Wound healing involves compound progression at the cellular level. In case of chronic wounds, the remedial time is long-standing due to infection and existing disease conditions. Wound care products help such chronic wounds by speeding up the process of healing. The wound care market has experienced a paradigm shift from traditional wound management to active wound care.
Factors such as increasing aging population, growing incidences of diabetes, technological advancements, and rising government initiatives are propelling the growth of this market. A major trend driving the wound care management devices is the increase in number of government support for better wound management and a simultaneous advancement in technology in the industry. Lack of awareness is a major constrain for the market.
The Latin America Wound Care Management Devices market is segmented on the basis of product into Advanced Wound Management Products, Surgical Wound Care and Traditional Wound Care. Advanced Wound Management Products are segmented into advanced wound dressings, Therapy devices and Active wound care. Advanced wound dressings segment is further segmented into foam dressings, hydrocolloid dressings, alginate dressings, hydrogel dressings and collagen dressings. Therapy devices is sub segmented into negative pressure wound therapy, pressure relief devices, oxygen and hyperbaric oxygen devices and electrical stimulation devices. Active wound care segment is divided among artificial & skin substitutes and topical agents. On the basis of type of wound, the market is bifurcated among chronic wounds, acute wounds, surgical & traumatic wounds and burns. Based on end users market is divided among hospitals, clinics and home care settings.
Based on geography the market is analysed under various countries namely, Mexico, Brazil and Argentina. Mexico is dominating the wound care management devices market and expected to continue its dominance over the forecast period.
The prominent players in the wound care market are Coloplast A/S (Denmark.), Baxter International Inc. (U.S.), Hollister Inc. (U.S.), Mölnlycke Health Care (Sweden), 3M Company (U.S.), Covidien PLC (Ireland), Ethicon Inc. (U.S.), Derma Sciences Inc. (U.S.), Convatec Healthcare B.S.A.R.L (U.S.), Acelity L.P/ (U.S.), and Smith & Nephew (U.K.).
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