(PharmaNewsWire.Com, March 21, 2017 ) According to the report Latin America Advanced Wound care market published by Market Data Forecast, the Latin American market was worth $741.2 million in 2016 and is projected to reach USD 870.4 million by 2021, at a CAGR of 3.24% from 2016 to 2021.
Advanced wound care provides mollification to those who suffer from chronic pain, which take a lot of time to heal. Technology has leapfrogged in this area. Advanced wound care market provides reasonably priced medicines and readily avail them in the market for patient suffering from chronic diseases to use them at their own convenience
Traditional wound care products are gradually being replaced by advanced wound care products due to their efficacy and usefulness in managing wounds by enabling faster healing. Treatment in advanced wound care includes products such as foam dressings, gauze composites, antimicrobial dressings, film dressings, alginate dressings, hydrocolloids, collagen products, and hydrogels among others.
Recent technological advancement, Increase in geriatric population and increase in population with diabetes which increases probability of chronic diseases and lack of efficiency in healing in traditional wound care market are the growth factors of this market. Big companies are collaborating with small companies in order to develop new innovative products which also fuel the market growth.
The major companies dominating this market for its products and services are Acelity L.P., Inc. (U.S.), Smith and Nephew Plc. (U.K) (market share is around 15-20%), Mφlnlycke Health Care (Sweden), ConvaTec, Inc. (U.S.), Coloplast Corp. (Denmark), 3M Health care (U.S), Medtronic (U.S), Integra Lifesciences Corporation (U.S.), Organogenesis Inc. (U.S.)
The Latin America Advanced Wound Care Market study offer following deliverables:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analyzing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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