Market Size of Brazil Wound Care Management Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.80 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Brazil Wound Care Management Devices Market Analysis
The Brazilian market for wound care management devices is expected to register a CAGR of 5.8% during the forecast period.
Medical care delivery has transformed due to the COVID-19 pandemic in Brazil. Wound management is an ongoing treatment of a wound by providing an appropriate environment for healing, through both direct and indirect methods, together with the prevention of skin breakdown. As per a Europe PMC article published in October 2021, a private home care agency in Brazil, where wound care is often performed at home, reported a 15% increase of 305 patients/month between January and May 2020. Thus, the increasing wound care management in the country is expected to have a significant impact on the market growth during and post-pandemic. The resumption of postponed surgeries during the post-pandemic period is also expected to contribute to the growth of the market over the next five years.
As per an Elsevier article published in August 2022, the incidence and prevalence of chronic wounds will continue to increase in Brazil, in line with the prevalence of chronic degenerative diseases and the overall increase in life expectancy. According to the NCBI article published in July 2021, in a study of 229 patients diagnosed with diabetes mellitus, 60 had diabetic foot ulcers, resulting in a prevalence of 26.2%. Such increasing cases of chronic wounds, ulcers, 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 the United Nations in 2020. These factors have helped propel the growth of the market.
However, reimbursement issues and the high cost of products have been restraining the growth of the market.
Brazil Wound Care Management Devices Industry Segmentation
Wound care management devices are referred to as products that are used by healthcare professionals and patients to support the wound healing process.The Brazilian market for wound care management devices is segmented by product (wound care and wound closure) and by wound type (chronic wound and acute wound). The report offers the value (in USD) for the above segments.
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Brazil Wound Care Management Devices Market Size Summary
The Brazilian wound care management devices market is poised for significant growth, driven by the increasing prevalence of chronic wounds and the rising incidence of diabetes-related conditions. The COVID-19 pandemic has accelerated the adoption of wound care management practices, particularly in home care settings, which has contributed to market expansion. The resumption of postponed surgeries post-pandemic is also expected to bolster market growth. The aging population and the prevalence of chronic degenerative diseases are further propelling the demand for wound care devices, as these factors lead to a higher incidence of chronic wounds and ulcers. Despite the challenges posed by reimbursement issues and the high cost of products, the market remains attractive due to the growing need for effective wound management solutions.
The market is characterized by the presence of major global players such as 3M, B. Braun Melsungen AG, Beiersdorf, Cardinal Health Inc., Coloplast, Convatec, Johnson & Johnson, and Medtronic, which dominate the market share. The increasing number of surgeries in Brazil, including high rates of cesarean sections and cardiovascular procedures, is expected to drive the demand for surgical wound care devices. Additionally, partnerships and acquisitions, such as MolecuLight Corp's collaboration with AllSpire Health GPO and Noventure's acquisition of wound-healing technology, indicate a dynamic market landscape with ongoing innovations. These developments highlight the lucrative opportunities within the Brazilian market, attracting both local and international players to invest and expand their presence.
Brazil Wound Care Management Devices 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 Emergence of Next-generation Ablation Products and Technology
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1.2.2 High Burden of Geriatric Population, Surgical Volume and Chronic Diseases
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1.3 Market Restraints
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1.3.1 Healthcare Cost-containment Measure and Unfavorable Regulatory Scenario
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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 (Value in USD)
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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 Bandages
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2.1.1.3 Hydrogel Dressings
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2.1.1.4 Topical Agents
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2.1.1.5 Wound Care Devices
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2.1.2 Wound Closure
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2.1.2.1 Suture and Staplers
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2.1.2.2 Tissue Adhesive, 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 Other Chronic Wound
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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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Brazil Wound Care Management Devices Market Size FAQs
What is the current Brazil Wound Care Management Devices Market size?
The Brazil Wound Care Management Devices Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)
Who are the key players in Brazil Wound Care Management Devices Market?
3M Company, Medtronic PLC, Smith & Nephew, Coloplast AS and B. Braun Melsungen AG are the major companies operating in the Brazil Wound Care Management Devices Market.
