Market Trends of Mexico Wound Care Management Industry
This section covers the major market trends shaping the Mexico Wound Care Management Devices Market according to our research experts:
Dressing is Expected to Exibhit a Significant Growth in the Mexico Wound Care Management Market
The dressing is expected to show a significant growth rate, owing to the higher prevalence of diabetic foot ulcers. A diabetic foot ulcer is a major complication commonly observed in diabetes mellitus. Diabetes is one of the major health issues for healthcare systems in Mexico. Because of the disease's increasing incidence, prevalence, and progressive nature, new medications are being developed to provide more therapy choices for diabetes patients. According to the study titled "Comparison of Diabetes Mellitus Risk Factors in Mexico in 2003 and 2014" published in June 2022, diabetes mellitus is especially important in Mexico, which has the world's sixth highest number of adults with the condition (12.8 million in 2019), which is expected to rise to 22.3 million by 2045. Diabetes-related infections in the lower limb are the most prevalent reason for hospitalization, and they can lead to amputation, which is the leading cause of death in these patients in Mexico. Hence, the growing burden of the diabetes in country is expected to boost segment growth as diabetes is the main cause of diabetes foot ulcers, thereby boosting the segment growth.
Additionally, the growing number of surgeries in Mexico is expected to boost segment growth over the forecast period. For instance, according to the Organization for Economic Co-operation and Development (OECD) in 2022, in Mexico, 3,154. 6 complete knee replacement surgeries had been performed in 2020. Thus, growing surgical volume in the country is expected to drive the demand for dressing, thereby boosting the segment growth.
Hence, the above-mentioned factors are further expected to improve the market growth in this segment.
