South America Wound Care Market

The South America wound care market is expected to grow from US$ 1,729.96 million in 2022 to US$ 2,259.40 million by 2028. It is estimated to record a CAGR of 4.6% from 2022 to 2028.

Growing Adoption of Advanced Wound Dressings to Fuel South America Wound Care Market Growth During Forecast Period

The increasing use of advanced wound dressings results in better care for individuals. Many advanced wound dressings are available with a wide range of physical performance, characteristics, and costs. Antimicrobial dressings are an alternative to traditional dressings and systemic antibiotics. This dressing type contains antimicrobial agents that reduce wound bacterial colonization and infection to improve healing. Due to the high functional efficiency in post-surgical care and burns, antimicrobial wound dressings are rapidly replacing conventional wound dressings. Advanced wound dressings incorporated with antimicrobial or wound healing agents and with up to 50% better and faster wound healing, low infection rate, painless dressing removal, better cosmetic results with less scarring, non-requisite of frequent dressing changes leading to cost reduction, affordability, and fewer drainage issues are substantially replacing the traditional wound dressings. Furthermore, advanced wound closure products such as adhesives, sealants, and hemostats will replace conventional, traumatizing wound closure devices such as sutures, staples, and ligating clips. The feasibility of these products for surgical wounds, rapid termination of blood loss, prompt and effective closure of the wound, strong adhesion of wound edges, tight sealing, reduced scarring, and reduced risk of infections would accelerate the demand for advanced wound closure products in the coming years. The wound care market is expected to witness an inclination toward wound closure strips. The strips are easy to use, highly efficient, strong, and secure with minimal scarring effects, as well as they can eliminate railroad marks associated with sutures and staples. Thus, the increasing adoption of advanced wound dressings is expected to propel the South America wound care market during the forecast period.

South America Wound Care Market Overview

The South America wound care market is segmented into Brazil, Argentina, and the Rest of South America. Brazil dominated the market in 2022. The healthcare system in Brazil is widely appreciated for the treatments offered under medical tourism. Also, Brazil is one of the countries that provide world-class aesthetic treatments. Moreover, the treatments for DFU and pressure ulcers are more in number. Companies are collaborating with organizations to introduce their products in Brazil. In November 2019, SANUWAVE Health, Inc. signed an agreement with IDIC Group of Sao Paulo, Brazil, for the exclusive rights for its product “dermaPACE” to treat chronic wounds. In August 2020, SANUWAVE Health, Inc. received approval from National Health Surveillance Agency for its patented dermaPACE System to treat diabetic foot ulcers. Various international companies are expanding their businesses across Brazil. Mölnlycke Health Care AB has initiated its expansion in Brazil, China, and the Middle East by developing its sales and marketing.

South America Wound Care Market Revenue and Forecast to 2028 (US$ Million)

South America Wound Care Strategic Insights

Strategic insights for the South America Wound Care provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America Wound Care Report Scope

South America Wound Care Regional Insights

The geographic scope of the South America Wound Care refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

South America Wound Care Market Segmentation  

The South America wound care market is segmented based on product, wound type, end user, and country.    

Based on product, the South America wound care market is segmented into advanced wound dressing, surgical wound care, traditional wound care, and wound therapy devices. The advanced wound dressing segment held the largest share of South America wound care market in 2022.

Based on wound type, the South America wound care market is bifurcated into chronic wounds and acute wounds. The chronic wounds segment a larger share of the South America wound care market in 2022.   

Based on end user, the South America wound care market is segmented into hospitals, specialty clinics, home healthcare, and others. The hospitals segment held the largest share of the South America wound care market in 2022.

Based on country, the South America wound care market has been categorized into Brazil, Argentina, and the Rest of South America. Our regional analysis states that Brazil dominated the South America wound care market in 2022.      

3M Co, Baxter International Inc, Coloplast AS, ConvaTec Group Plc, Ethicon USA LLC, Integra LifeSciences Holdings Corp, Medtronic Plc, MiMedx, PAUL HARTMANN AG, and Smith & Nephew Plc are the leading companies operating in the South America wound care market.