Latin America Wound Dressing Market Will Touch USD 549.5 Million in 2030

NEW YORK - Jan. 4, 2024 - PRLog -- The Latin America wound dressing market is estimated to reach USD 549.5 million, with a 5.0% compound annual growth rate, by 2030.

The growth of this industry is because of the rising cases of chronic wounds & diabetes, the surging elderly populace, and the high rate of trauma and injuries.

In Latin America, a shift is being witnessed from conventional wound dressing products to more developed ones. Conventionally dressings usually include products that offer "dry" healing, when employed as supplementary to a primary, or for only primary dressing, moist wound healing product.

Advanced wound dressing products, on the other hand, enhance the healing and offer fast comfort as well as recovery, by enabling oxygen flow, offering pain relief, and avoiding infections.

In recent years, Brazil led the industry, and it is also expected to grow at the fastest rate in the years to come. This can be primarily because of the enhanced healthcare infrastructure as well as the increasing incidence of chronic ailments in the country.

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In addition, numerous initiatives are being implemented by private as well as public administrations to increase awareness regarding wound care in the nation, which will positively impact the industry.

It is because of the rising incidence of diabetics as well as chronic wounds, the Latin America wound dressing industry will continue to advance in the coming years.