Wound management is an ongoing treatment of a wound, by providing appropriate environment for healing, by both direct and indirect methods, together with the prevention of skin breakdown. Wound care management devices help to ease and support the wound healing process.
Recently, increasing cases of chronic wounds, ulcer and diabetic ulcers in Brazil have helped the growth of the market. Diabetic ulcers are more prevalent in patients with diabetes, which is increasing in Brazil. Injuries and wounds take more time to heal in the geriatric population, which is also increasing in Brazil as per a 2017 "World Aging Population" by the United Nations. These factors have helped propel the growth of the market.
However, reimbursement issues and high cost of products have been restraining the growth of the market.
Key Market Trends
Application in Diabetic Foot Ulcer is Expected to Dominate the Market
A wound dressing is a sterile pad or compress applied to a wound to promote healing and protect the wound from further harm. A dressing is designed to be in direct contact with the wound, as distinguished from a bandage, which is most often used to hold a dressing in place. Many modern dressings are self-adhesive. According to a 2018 report by the Center of Disease Control and Prevention, the prevalence of diabetes increased significantly in Brazilian between 2006 and 2016, from 5.5% to 8.9%. A similar scenario was observed in both sexes, with prevalence higher in women than men.
As the cases of diabetes increases in Brazil, the prevalence of diabetic foot ulcer is also expected to rise in the future. This is expected to positively impact the growth of the market.
Competitive Landscape
Brazil is a developing country and is categorized in upper middle income group as per World Health Organization. As a result, the market is very lucartive, which has resulted in many global players entering the Brazilian market.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
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