Latin America Wound Closure And Advanced Wound Care Market Size & Outlook
Latin America wound closure and advanced wound care market, 2018-2030 (US$M)
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Latin America wound closure and advanced wound care market highlights
- The Latin America wound closure and advanced wound care market generated a revenue of USD 111.6 million in 2023.
- The market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, hydrocolloids-based sealants was the largest revenue generating product in 2023.
- Hydrocolloids-based Sealants is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 111.6 million |
| Market revenue in 2030 | USD 152.9 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Hydrocolloids-based sealants |
| Fastest growing segment | Hydrocolloids-based Sealants |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fibrin-based Sealants, Collagen-based Sealants, Hydrocolloids-based Sealants, Synthetic Adhesives |
| Key market players worldwide | Smith & Nephew PLC, Molina Healthcare Inc, Acelity, ConvaTec Group PLC, Baxter International Inc, Johnson & Johnson, Coloplast A/S ADR, Medtronic PLC, 3M Co, Medline Industries |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.9% of the global wound closure and advanced wound care market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 332.0 million by 2030.
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Wound Closure And Advanced Wound Care Market Scope
Wound Closure And Advanced Wound Care Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America wound closure and advanced 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 wound closure and advanced wound care market will help companies and investors design strategic landscapes.
Hydrocolloids-based sealants was the largest segment with a revenue share of 27.06% in 2023. Horizon Databook has segmented the Latin America wound closure and advanced wound care market based on fibrin-based sealants, collagen-based sealants, hydrocolloids-based sealants, synthetic adhesives covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America is anticipated to grow at a significant rate during the forecast period. Presence of developing economies such as Brazil and Mexico is expected to primarily drive the overall Latin American market. Availability of advanced treatment options at low cost in Latin America is making the region more preferred for medical tourism.
In addition, governments of Latin American countries are consistently involved in improving healthcare infrastructure. Thus, such factors are expected to promote growth of wound closure & advanced wound care market over the forecast period.
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Our clientele includes a mix of wound closure and advanced wound care market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America wound closure and advanced wound care market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America wound closure and advanced wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America wound closure and advanced wound care market size, by country, 2018-2030 (US$M)
Latin America Wound Closure And Advanced Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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