The Mexico Wound Care Management Market is expected to register a high CAGR during the forecast period, 2020-2025. The key contributors in the market growth are increasing older population and the growing burden of chronic wounds. According to the National Council for the Evaluation of Social Development Policy, 2018, around 7.8% of the population in Mexico comprises of people aged 65 and above. The older population is at high risk of acquiring chronic wounds. Hence, this escalation is developing the need to analyze, review and forecast the growth of the wound care management device market.

Key Market Trends

Dressing is Expected to Exibhit a Significant Growth in the Mexico Wound Care Management Market

Dressing is expected to show a significant growth rate, owing to the higher prevalence of diabetic foot ulcer. Diabetic foot ulcer is a major complication commonly observed in diabetes mellitus. According to the International Diabetes Federation, in 2019, the prevalence of diabetes among population aged between 20 and 79 years was around 13.5% in Mexico. Diabetes can further lead to various complication such as diabetic ulcers. Furthermore, foam has a significant role in the clinical management of chronic wounds and in moist wound healing. Over the past 30 years, polyurethane foam has become one of the most commonly used wound dressings for exudate management in moist wound healing. The foam consists of a porous structure that is able to absorb fluids into air-filled spaces by capillary action. Hence, the aforementioned factors are expected to impact positively on the market.

Competitive Landscape

The key players in the market are 3M Company, Baxter International, Coloplast, ConvaTec Group PLC, Hollister Incorporated, Integra LifeSciences, Johnson & Johnson, Molnlycke Health Care and Smith + Nephew.

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