Market Size of Argentina Wound Care Management Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Wound Care Management Market Analysis
The Argentina Wound Care Management Market is expected to register a CAGR of 5.9% during the forecast period. The major factors driving the growth of the market in Argentina is due to increasing incidences of chronic wounds, ulcers, diabetic foot ulcers, and rising surgical site infections (SSI).
There is also an increase in the tourist numbers since 2003, with Argentina proving particularly popular with United Kingdom visitors. Argentina has two major benefits, other than cost. It has the best cosmetic surgeons in the world, and thus, the demand for breast implants, laser surgery, and nip-and-tuck treatments is high in this country. Due to this, there is an increase in surgical treatments, and thereby, an increase in the usage of wound care management products.
As per the International Diabetes Federation, estimated that the number of the adult population with diabetes in Argentina in 2017 was about 1.76 million people. Moreover, in Argentina, the healthcare spending on diabetes was about USD 1.59 billion in 2017. This number is projected to reach USD 2.14 billion by 2045. As healthcare spending on diabetes is expected to increase in coming years which shows positive impact on market because the people with diabetes are more prone to diabetic foot ulcers which ultimately increases the use of wound care products in near future. Thus, owing to above factors the market is expected to show significant growth over the forecast period.
