Market Snapshot
| Study Period: | 2018 - 2026 |
| Base Year: | 2019 |
| CAGR: | 6.72 % |
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Market Overview
The Mexico Wound Care Management Market is expected to register a high CAGR during the forecast period, 2020-2025. The key contributors in the market growth are increasing older population and the growing burden of chronic wounds. According to the National Council for the Evaluation of Social Development Policy, 2018, around 7.8% of the population in Mexico comprises of people aged 65 and above. The older population is at high risk of acquiring chronic wounds. Hence, this escalation is developing the need to analyze, review and forecast the growth of the wound care management device market.
Scope of the report
Wounds are classified as acute and chronic, acute wound occurs when the skin and underlying tissues are damaged where as chronic wounds are those which takes a lot of time heal. The Mexico Wound Care Management market is segmented by Product and Wound Type, and Geography.
| By Product | ||||||
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| Wound Type | |
| Chronic Wound | |
| Acute Wound |
Key Market Trends
Dressing is Expected to Exibhit a Significant Growth in the Mexico Wound Care Management Market
Dressing is expected to show a significant growth rate, owing to the higher prevalence of diabetic foot ulcer. Diabetic foot ulcer is a major complication commonly observed in diabetes mellitus. According to the International Diabetes Federation, in 2019, the prevalence of diabetes among population aged between 20 and 79 years was around 13.5% in Mexico. Diabetes can further lead to various complication such as diabetic ulcers. Furthermore, foam has a significant role in the clinical management of chronic wounds and in moist wound healing. Over the past 30 years, polyurethane foam has become one of the most commonly used wound dressings for exudate management in moist wound healing. The foam consists of a porous structure that is able to absorb fluids into air-filled spaces by capillary action. Hence, the aforementioned factors are expected to impact positively on the market.
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Competitive Landscape
The key players in the market are 3M Company, Baxter International, Coloplast, ConvaTec Group PLC, Hollister Incorporated, Integra LifeSciences, Johnson & Johnson, Molnlycke Health Care and Smith + Nephew.
Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increasing Incidences of Chronic Wounds, Ulcers and Diabetic Ulcers
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4.2.2 Increase in Volume of Surgical Procedures
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4.2.3 Increase in Aging Population
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4.3 Market Restraints
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4.3.1 High Treatment Cost
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Wound Care
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5.1.1.1 Dressings
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5.1.1.2 Wound Care Devices
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5.1.1.3 Topical Agents
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5.1.1.4 Others
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5.1.2 Wound Closure
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5.1.2.1 Suture
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5.1.2.2 Surgical Staplers
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5.1.2.3 Others
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5.2 Wound Type
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5.2.1 Chronic Wound
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5.2.2 Acute Wound
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 3M Company
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6.1.2 Baxter International
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6.1.3 Coloplast
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6.1.4 ConvaTec Group PLC
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6.1.5 Hollister Incorporated
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6.1.6 Integra LifeSciences
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6.1.7 Johnson & Johnson
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6.1.8 Molnlycke Health Care
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6.1.9 Smith & Nephew
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Mexico Wound Care Management Market market is studied from 2018 - 2026.
What is the growth rate of Mexico Wound Care Management Market?
The Mexico Wound Care Management Market is growing at a CAGR of 6.72% over the next 5 years.
Who are the key players in Mexico Wound Care Management Market?
Johnson & Johnson, Integra LifeScience Corporation, Baxter International, 3M Company, Smith & Nephew are the major companies operating in Mexico Wound Care Management Market.
