The Brazil wound care management devices market size is projected to expand at a significant CAGR during the forecast period, 2021–2028. Growth of the market is attributed to increasing geriatric population in the region as most of the population suffers from slow wound healing process.
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Wound care management devices are mainly used for the treatment of injuries caused by various diseases which is used by nurses under the instruction and supervision of physician. The wounds mainly occur because of burns, accidents, natural disasters, and traumas. The wounds caused by lifestyle diseases including obesity, diabetes, and cardiovascular disorders are known as chronic wounds.
However, the wounds caused due to traumatic or surgical conditions is called as acute wounds which can be healed with regular wound healing process. Rising cases of chronic wounds, diabetic ulcers, and ulcer in Brazil is expected to fuel the market. Covid-19 impacted the wound care management market owing to lockdown, rising skin injuries, and declined wound care services.
Market Trends, Drivers, Restraints, and Opportunities
- Rising prevalence of conditions and diseases is projected to boost the market during the forecast period.
- Increasing number of surgeries in the region is anticipated to drive the market during the forecast period.
- Rise in the traumatic wounds is the key factor fueling the market in the coming years.
- Rapid growth of the hospital and clinics is major factor propelling the market.
- High price of advanced wound care devices is estimated to impede the market expansion.
- Lack of proper reimbursements act as major challenge that can hamper the market in the coming years.
- Large number of patient in the region creates lucrative opportunities for the market players in wound care management device market.
- R&D investment and technological advancement in the wound care management devices are projected to offer significant opportunities for the market players.
Market Segment Insights:
The wound care segment is projected to constitute a major market share
Based on products, the Brazil wound care management devices market is bifurcated into wound closure and wound care. The wound closure segment is further divided into tissue adhesive, sealant, and glue, and suture & staplers.
The chronic wound segment is projected to account for a large market share
In terms of wound types, the Brazil wound care management devices market is segmented into acute wound and chronic wound. The acute wound is further categorized as burns, surgical wounds, and others. The chronic wound segment is further classified as pressure ulcer, diabetic food ulcer, and others. The chronic wound segment is expected to hold a key share of the market during the forecast period owing to rising cases of diabetes in Brazil. On the other hand, the burns acute wound segment is anticipated to expand at a rapid pace during the forecast period due to increasing frequency of burns.
The hospital segment is projected to hold a key market share
On the basis of end-users, the Brazil wound care management devices market is divided into hospitals, clinics, and home care settings. The hospital segment is expected to represent a key share of the market during the forecast period owing to rising partnership of hospitals with manufacturers of wound care management devices. On the other hand, the home care settings segment is anticipated to expand at a rapid pace during the forecast period due to increasing awareness of wound care management devices and its use.
Competitive Landscape
Key players competing in the Brazil wound care management devices market include Coloplast AS, B. Braun Melsungen AG, Smith & Nephew, 3M Company, and Medtronic PLC. Some of these players are focusing on several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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