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.
Argentina Wound Care Management Industry Segmentation
As per the scope of the report, wound management products are majorly used to treat complex wounds. Wounds and injuries are common afflictions that affect billions of people worldwide. The products are highly resistant to environmental inhibitors and foreign particles and are used by a nurse under the physician's orders and supervision, for many reasons. The Argentina wound care management market is segmented by product and wound type.
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Argentina Wound Care Management Market Size Summary
The Argentina Wound Care Management Market is poised for significant growth, driven by an increase in chronic wounds, ulcers, and diabetic foot ulcers, alongside a rise in surgical site infections. The country's appeal as a destination for cosmetic surgery, bolstered by its renowned surgeons, has led to a surge in surgical procedures, thereby boosting the demand for wound care management products. Additionally, the growing prevalence of diabetes in Argentina, coupled with rising healthcare expenditure, is expected to further propel the market. As more individuals with diabetes are prone to foot ulcers, the need for effective wound care solutions is anticipated to increase, supporting the market's expansion over the forecast period.
The market landscape in Argentina is characterized by a competitive environment with several key players actively developing innovative products to meet the evolving healthcare demands. Companies such as 3M Company, Medtronic PLC, Smith & Nephew, Johnson and Johnson, ConvaTec Group PLC, B. Braun Melsungen AG, Coloplast A/S, and Molnlycke Health Care are at the forefront, contributing to the market's dynamic nature. The rise in minimally invasive surgeries and the increasing use of surgical devices further underscore the market's growth potential. As healthcare spending continues to rise, the wound care management sector is expected to experience a healthy growth trajectory in the coming years.
Argentina Wound Care Management Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Incidences of Chronic Wounds, Ulcers and Diabetic Ulcers
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1.2.2 Increase in the Number of Surgical Procedures
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1.3 Market Restraints
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1.3.1 Lack of Reimbursement Policies
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1.3.2 High Treatment Costs
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Wound Care
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2.1.1.1 Dressings
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2.1.1.2 Wound Care Devices
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2.1.1.3 Topical Agents
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2.1.1.4 Other Wound Care Products
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2.1.2 Wound Closure
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2.1.2.1 Suture
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2.1.2.2 Surgical Staplers
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2.1.2.3 Tissue Adhesive, Strips, Sealant, and Glue
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2.2 By Wound Type
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2.2.1 Chronic Wound
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2.2.1.1 Diabetic Foot Ulcer
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2.2.1.2 Pressure Ulcer
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2.2.1.3 Arterial and Venous Ulcer
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2.2.1.4 Other Chronic Wounds
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2.2.2 Acute Wound
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2.2.2.1 Surgical Wounds
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2.2.2.2 Burns
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2.2.2.3 Other Acute Wounds
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Argentina Wound Care Management Market Size FAQs
What is the current Argentina Wound Care Management Market size?
The Argentina Wound Care Management Market is projected to register a CAGR of 5.90% during the forecast period (2024-2029)
Who are the key players in Argentina Wound Care Management Market?
Medtronic PLC, 3M Company, Johnson and Johnson, Smith & Nephew and ConvaTec Group PLC are the major companies operating in the Argentina Wound Care Management Market.
