The Wound Care Management market in Chile is expected to register a 6.61 CAGR over the forecast period, 2020 - 2025. The major contributor to market growth is the increasing cases of road injuries and the growing prevalence of chronic wounds. The prevalence of diabetes has seen to be increasing in Chile. According to the International Diabetes Federation, in 2020, the prevalence of diabetes was found to be around 1,262,200 which comprises of around 9.8% total population. Diabetes can cause a lifetime risk of acquiring chronic wounds such as diabetic foot ulcers. Therefore, proper treatment of these wounds is necessary and hence it is expected to increase the demand for wound care management products in Chile.

Key Market Trends

Topical Agents are Expected to Exhibit a Steady Growth in the Chile Wound Care Management Market

Topical agents are topical drugs that are applied to the skin and mucous membranes. Silver Sulfadiazine is common for antibacterial agents that are used to treatment of wounds especially in cases of burn sepsis. The topical silver sulfadiazine involved in burn dressings which used in combination with fine mesh gauze that is usable in the inpatient as well as outpatient setting. In addition, the number of increasing accidents is expected to propel in this segment. According to the International Transport Forum, in 2018, Chile witnessed 3.6 road fatalities per 10,000 registered vehicles. Furthermore, in 2017, around 41,743 road injury crashes were registered in Chile. Hence, the aforementioned factors are expected to drive market growth in this segment.

Competitive Landscape

The major players in the Wound Care Management market are 3M, Baxter International, B. Braun Melsungen AG, Coloplast, Henkel Adhesives, Integra LifeSciences, Johnson & Johnson, Molnlycke Health Care, Smith + Nephew, and Urgo Medical.

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