Mexico Wound Closure And Advanced Wound Care Market Size & Outlook
Mexico wound closure and advanced wound care market, 2018-2030 (US$M)
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Mexico wound closure and advanced wound care market highlights
- The Mexico wound closure and advanced wound care market generated a revenue of USD 21.8 million in 2023 and is expected to reach USD 30.0 million by 2030.
- The Mexico market is expected to grow at a CAGR of 4.7% 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.
Wound closure and advanced wound care market data book summary
| Market revenue in 2023 | USD 21.8 million |
| Market revenue in 2030 | USD 30.0 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Hydrocolloids-based sealants |
| Fastest growing segment | Hydrocolloids-based Sealants |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 1.5% of the global wound closure and advanced 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 wound closure and advanced wound care market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 30.0 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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Mexico 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 Mexico 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.
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 the 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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico wound closure and advanced wound care market , including forecasts for subscribers. This country databook contains high-level insights into Mexico wound closure and advanced wound care market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico wound closure and advanced wound care market size, by product, 2018-2030 (US$M)
Mexico Wound Closure And Advanced Wound Care Market Outlook Share, 2023 & 2030 (US$M)
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