Mexico Chronic Wound Care Market Size & Outlook, 2023-2030
Mexico chronic wound care market, 2018-2030 (US$M)
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Mexico chronic wound care market highlights
- The Mexico chronic wound care market generated a revenue of USD 222.5 million in 2023 and is expected to reach USD 305.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, advanced wound dressing was the largest revenue generating product in 2023.
- Advanced Wound Dressing is the most lucrative product segment registering the fastest growth during the forecast period.
Chronic wound care market data book summary
| Market revenue in 2023 | USD 222.5 million |
| Market revenue in 2030 | USD 305.9 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Advanced wound dressing |
| Fastest growing segment | Advanced Wound Dressing |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Advanced Wound Dressing, Surgical Wound Care, Traditional Wound Care, Wound Therapy Devices |
| Key market players worldwide | Johnson & Johnson, Baxter International Inc, Coloplast A/S ADR, 3M Co, ConvaTec Group PLC, Integra Lifesciences Holdings Corp, Smith & Nephew PLC, Medline Industries, Molnlycke Health Care, Paul Hartmann |
Other key industry trends
- In terms of revenue, Mexico accounted for 1.7% of the global chronic wound care market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil chronic wound care market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 447.3 million by 2030.
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Chronic Wound Care Market Scope
Chronic Wound Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Mexico chronic wound care market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chronic wound care market will help companies and investors design strategic landscapes.
Advanced wound dressing was the largest segment with a revenue share of 35.06% in 2023. Horizon Databook has segmented the Mexico chronic wound care market based on advanced wound dressing, surgical wound care, traditional wound care, wound therapy devices covering the revenue growth of each sub-segment from 2018 to 2030.
Mexico is the second largest developing economy in Latin America after Brazil. High healthcare spending by both public and private sectors has increased the demand for advanced healthcare services. Thus, adoption of innovative products is high in Mexico. Moreover, rising geriatric population in the country is anticipated to drive the market.
For instance, as per World Bank, in Mexico, 6.6% of the total population is aged 65 or above. The geriatric population is likely to suffer from various diseases such as diabetes, cardiac conditions, and epilepsy owing to which market growth is anticipated over the forecast period.
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Our clientele includes a mix of chronic wound care market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico chronic wound care market , including forecasts for subscribers. This country databook contains high-level insights into Mexico chronic wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico chronic wound care market size, by product, 2018-2030 (US$M)
Mexico Chronic Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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