The Chile wound care management market devices size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising incidence of chronic wounds.
Advanced wound management provides benefits such as medical treatment and medicine. It assists in conferring relief from wounds by utilizing techniques such as bandages, stitches, swathes, or tape . This wound management is addressed when there are any issues related to with pain. The rising geriatric population, increasing incidence of acute wounds due to undesirable ways of life, and absence of hygiene standards are major factors propelling the market growth.
While the COVID-19 pandemic has seriously affected most business sectors globally, the quick spread of the pandemic has had increase the burden on healthcare systems, with assets and staff being re-coordinated to address the surge in the number of patients. However, the decrease in surgeries impacted the sales of wound closure devices during the period. The disruption in supply chain and focus on manufacturing of medical devices such as ventilators negatively impacted the market growth.
Market Trends, Drivers, Restraints, and Opportunities
- Increasing use of topical agents for wound management is expected to exhibit a steady growth to boost the wound care management devices market.
- Rapid adoption of technological advancements in the field of healthcare is one of the major factors driving the market growth
- Growing awareness about different types of dressings and therapies is estimated to positively influencing the growth of the market.
- Growing prevalence of diseases & conditions affecting wound healing capabilities is anticipated to spur market growth in the coming years.
- High cost of chronic wound treatments can hinder the growth of the market.
- Rising healthcare expenditure in Chile is likewise expected to create lucrative opportunities during the forecast period.
Scope of the Report
The report on the Chile wound care management market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Chile wound care management Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Products (Wound Care [Dressings, Wound Care Devices, Topical Agents, and Others], Wound Closures [Sutures, Surgical Staplers, and Others]) and Wound Types (Chronic Wounds and Acute Wounds)
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Country Scope
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Chile
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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B. Braun Melsungen AG; Johnson & Johnson; 3M, Baxter International; Coloplast; Henkel Adhesives; Integra LifeSciences; Molnlycke Health Care; Smith + Nephew and Urgo Medical
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Wound Care Management Market Segment Insights
Topical agents segment is expected to grow at a rapid pace
Based on products, the market is divided into wound care and wound closures. The wound care segment is further classified as a dressing, wound care devices, topical agents, and others. The wound closures segment is further segmented into sutures, surgical staplers, and others. The topical agents segment is estimated to account for a significant share of the market owing to the rising incidence of burn injuries. Topical gels contain hydrogel, which helps in quickly cooling wounds and relieving pain. Topical gels additionally provide sufficient moisture to wounds and offer potential resistance against contamination.
Chronic wounds segment is projected to expand at a considerable CAGR
In terms of wound types, the wound care management market is segmented into chronic wounds and acute wounds. The chronic wounds segment is anticipated to account for a key share of the market due to increasing prevalence of chronic wounds and high acceptance for different wound management technologies. Chronic wounds include diabetic foot ulcers, venous leg, and pressure ulcers. On the other hand, the acute wounds segment is estimated to grow at a steady rate in the coming years.
Segments
Segments Covered in the Report
The Chile wound care management market has been segmented on the basis of
Products
- Wound Care
- Dressings
- Wound Care Devices
- Topical Agents
- Others
- Wound Closure
- Sutures
- Surgical Staplers
- Others
Wound Types
- Chronic Wounds
- Acute Wounds
Country
Key Players
- B. Braun Melsungen AG
- Johnson & Johnson
- 3M
- Baxter International
- Coloplast
- Henkel Adhesives
- Integra LifeSciences
- Molnlycke Health Care
- Smith + Nephew
- Urgo Medical
Competitive Landscape
Key players competing in the Chile wound care management market are B. Braun Melsungen AG; Johnson & Johnson; 3M, Baxter International; Coloplast; Henkel Adhesives; Integra LifeSciences; Molnlycke Health Care; Smith + Nephew; and Urgo Medical.
