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Pulished Date July, 2021
ID: 11781
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Latin America Negative Pressure Wound Therapy Market Research Report - Segmented By Product Type, Wound Type, End-User and Country (Mexico, Brazil, Argentina, Chile and Rest of Latin America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: July, 2021
ID: 11781
Pages: 100

Latin America Negative Pressure Wound Therapy Market Size (2021 to 2026)

The Latin American NPWT market size is estimated to be growing at a promising CAGR during the forecast period.

The increased incidence of chronic diseases such as diabetes mellitus and obesity is primarily driving the growth of the Latin American negative pressure wound therapy market. In addition, the growing patient awareness of the availability of cost-effective NPWT devices, such as single-use devices, and the growing number of casualties due to accidents and trauma are also driving the growth of the NPWT device market. In addition, factors such as the increase in the geriatric population in the world, which is highly susceptible to various medical conditions leading to the formation of different types of wounds, are also driving the market's growth. In addition, the availability of new and advanced negative pressure wound therapy devices that are patient-friendly and easy to use is driving the growth of the NPWT market in Latin America.

Treatment options for burn-related wounds include traditional bandaging products, necrotic tissue removal, skin grafts, and physical therapy. They are used depending on the intensity of the wound. One-time use negative pressure wound therapy is one of the emerging technologies used to treat burn-related wounds. Technological developments, such as silver encrusted antimicrobial dressings and increased attention to advancements in treatment protocols, significant unmet need in wound care, and high market potential in economies are expected. Emerging untapped markets will serve as lucrative opportunities for market expansion.

NPWT provides rapid recovery to the patient by speeding up the healing process. Therefore, the shift in preference towards advanced wound therapy is a major trend in the negative pressure wound therapy market.

However, the lack of trained professionals and the complications caused by the use of negative pressure wound therapy devices hamper the growth of the Latin America negative pressure wound therapy market. Additionally, the emergence of tough competitors for better products and cheaper rate of materials has a restraining factor on market growth.

Impact of COVID-19 on Latin American Negative Pressure Wound Therapy Market:

The rapid spread of COVID-19 has had a significant impact on the global health sector. The pandemic negatively affected supply chains in many industries globally in the first two quarters of 2020, resulting in reduced trade in various products, including NPWT. In such a scenario, NPWT manufacturers around the world have been negatively affected. This has further hampered the growth of the negative pressure wound therapy market in Latin America.

This market research report on the Latin American negative pressure wound therapy market has been segmented and sub-segmented into the following categories.

By Product Type:

  • Conventional NPWT Devices
  • Single-use NPWT Devices
  • Accessories

By Wound Type:

  • Surgical and Traumatic Wounds
  • Ulcers
    • Pressure Ulcers
    • Venous Ulcers
    • Diabetic Foot Ulcers
    • Other Ulcers
  • Burns

By End-User:

  • Hospitals
  • Home Care Settings
  • Other End Users

By Country:

  • Mexico
  • Brazil
  • Argentina
  • Chile
  • Rest of Latin America

In the Latin American region, the Brazilian market dominates the Latin American NPWT market due to the high incidence of diabetes, which has led to diabetic foot ulcers and the maximum number of major companies in the market. In Mexico, the high incidence of chronic wounds increases the demand for NPWT in the market, and the demand for advanced wound care devices in Argentina is increasing due to the increase in the geriatric population because as the person is getting older, it takes a long time to heal the wound.

Brazil held the largest negative pressure wound therapy market share in Latin America in 2019 and is expected to maintain its dominance during the forecast period, owing to factors such as the easy availability of the devices. Moreover, the increased awareness related to the use of these products and the presence of a large number of geriatric populations with various chronic diseases is also contributing to the growth of the NPWT market.

In addition, Peru and Puerto Rico expected to register a healthy growth rate during the forecast period, owing to the increase in healthcare spending and the increased prevalence of diabetes in the regions.

KEY MARKET PLAYERS:

A few of the notable companies operating in the Latin American NPWT market profiled in this report are Acelity, Smith & Nephew, Mölnlycke Health Care AB, Convatec Group, Cardinal Health, Paul Hartmann AG, Deroyal, Lohmann & Rauscher International, Cork Medical, Chongqing Sunshine Medical Industry, and Trading, Wuhan VSD Medical Science & Technology.

  1. INTRODUCTION
    1. Market Definition
    2. Study Deliverables
    3. Base Currency, Base Year, and Forecast Periods
    4. General Study Assumptions
  2. RESEARCH METHODOLOGY
    1. Introduction
    2. Research Phases
      1. Secondary Research
      2. Primary Research
      3. Econometric Modelling
      4. Expert Validation
    3. Analysis Design
    4. Study Timeline
  3. Report Overview
    1. Executive Summary
    2. Key Inferences
  4. Market Dynamics
    1. Impact Analysis
      1. Drivers
      2. Restraints
      3. Opportunities       
    2. Regulatory Environment
    3. Technology Timeline & Recent Trends
  5. Competitor Benchmarking Analysis
    1. Key Player Benchmarking                    
      1. Market share analysis      
      2. Products/Service
      3. Regional Presence               
    2. Mergers & Acquisition Landscape                     
    3. Joint Ventures & Collaborations
  6. MARKET SEGMENTATION
    1. By Product Type
      1. Conventional NPWT Devices
      2. Single-use NPWT Devices
      3. Accessories
      4. Y-o-Y Growth Analysis, By Product Type
      5. Market Attractiveness Analysis, By Product Type
      6. Market Share Analysis, By Product Type
    2. By Wound Type
      1. Surgical and Traumatic Wounds
      2. Ulcers
        1. Pressure Ulcers
        2. Venous Ulcers
        3. Diabetic Foot Ulcers
        4. Other Ulcers
      3. Burns
      4. Y-o-Y Growth Analysis, By Wound Type
      5. Market Attractiveness Analysis, By Wound Type
      6. Market Share Analysis, By Wound Type
    3. By End-users
      1. Hospitals
      2. Home Care Settings
      3. Other End Users
      4. Y-o-Y Growth Analysis, By End-User
      5. Market Attractiveness Analysis, By End-User
      6. Market Share Analysis, By End-User
  7. GEOGRAPHICAL ANALYSIS
    1. Introduction
      1. Regional Trends
      2. Impact Analysis
      3. Y-o-Y Growth Analysis
      4. Market Attractiveness Analysis
      5. Market Share Analysis
    2. Latin America
      1. Introduction
      2. Mexico
      3. Brazil
      4. Argentina
      5. Chile
      6. Rest of Latin America
  8. STRATEGIC ANALYSIS
    1. PESTLE analysis
      1. Political
      2. Economic
      3. Social
      4. Technological
      5. Legal
      6. Environmental
    2. Porter’s Five analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Consumers
      3. The threat of New Entrants
      4. The threat of Substitute Products and Services
      5. Competitive Rivalry within the Industry
  9. MARKET LEADERS' ANALYSIS
    1. Acelity
      1. Overview
      2. Products
      3. Financials (subjected to availability based on company type)
      4. Recent Developments
      5. SWOT analysis
      6. Analyst View
    2. Smith & Nephew
    3. Mölnlycke Health Care AB
    4. Convatec Group
    5. Cardinal Health
    6. Paul Hartmann AG
    7. Deroyal
    8. Lohmann & Rauscher International
    9. Medela
    10. Genadyne Biotechnologies
    11. Triage Meditech
    12. Talley Group
    13. Alleva Medical
    14. Cork Medical
    15. 4l Health
    16. Carilex Medical
    17. Chongqing Sunshine Medical Industry And Trading
    18. Wuhan VSD Medical Science & Technology
    19. Pensar Medical
    20. Haromed BVBA
  10. COMPETITIVE LANDSCAPE
    1. Market share analysis
    2. Merger and Acquisition Analysis
    3. Agreements, Collaborations, and Joint Ventures
    4. New Product Launches
  11. MARKET OUTLOOK AND INVESTMENT OPPORTUNITIES
  12. APPENDIX
    1. List of Tables
    2. List of Figures
  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
  • Segment-level analysis in terms of product type, wound type and end-user along with market size forecasts and estimations to detect key areas of industry growth in detail.
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics.
  • Study of the effect of exogenous and endogenous factors that affect the global market, which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis.
  • Study the microenvironment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development.
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment.
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies.
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions.
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market.
  1. Latin America Negative Pressure Wound Therapy Market, By Product Type, From 2021 to 2026 (USD Million)
  2. Latin America Conventional NPWT Devices Market, By Region, From 2021 to 2026 (USD Million)
  3. Latin America Single-use NPWT Devices Market, By Region, From 2021 to 2026 (USD Million)
  4. Latin America Accessories Market, By Region, From 2021 to 2026 (USD Million)
  5. Latin America Negative Pressure Wound Therapy Market, By Wound Type, From 2021 to 2026 (USD Million)
  6. Latin America Surgical and Traumatic Wounds Market, By Region, From 2021 to 2026 (USD Million)
  7. Latin America Ulcers Market, By Region, From 2021 to 2026 (USD Million)
  8. Latin America Burns Market, By Region, From 2021 to 2026 (USD Million)
  9. Latin America Negative Pressure Wound Therapy Market, By End-User, From 2021 to 2026 (USD Million)
  10. Latin America Hospitals Market, By Region, From 2021 to 2026 (USD Million)
  11. Latin America Home Care Settings Market, By Region, From 2021 to 2026 (USD Million)
  12. Latin America Other End Users Market, By Region, From 2021 to 2026 (USD Million)
  13. Brazil Negative Pressure Wound Therapy Market, By Product Type, From 2021 to 2026 (USD Million)
  14. Brazil Negative Pressure Wound Therapy Market, By Wound Type, From 2021 to 2026 (USD Million)
  15. Brazil Negative Pressure Wound Therapy Market, By End-User, From 2021 to 2026 (USD Million)
  16. Argentina Negative Pressure Wound Therapy Market, By Product Type, From 2021 to 2026 (USD Million)
  17. Argentina Negative Pressure Wound Therapy Market, By Wound Type, From 2021 to 2026 (USD Million)
  18. Argentina Negative Pressure Wound Therapy Market, By End-User, From 2021 to 2026 (USD Million)
  19. Mexico Negative Pressure Wound Therapy Market, By Product Type, From 2021 to 2026 (USD Million)
  20. Mexico Negative Pressure Wound Therapy Market, By Wound Type, From 2021 to 2026 (USD Million)
  21. Mexico Negative Pressure Wound Therapy Market, By End-User, From 2021 to 2026 (USD Million)
  22. Rest of Latin America Negative Pressure Wound Therapy Market, By Product Type, From 2021 to 2026 (USD Million)
  23. Rest of Latin America Negative Pressure Wound Therapy Market, By Wound Type, From 2021 to 2026 (USD Million)
  24. Rest of Latin America Negative Pressure Wound Therapy Market, By End-User, From 2021 to 2026 (USD Million)
  25. Latin America Negative Pressure Wound Therapy Market, By Ulcers, From 2021 to 2026 (USD Million)
  26. Latin America Pressure Ulcers Market, By Region, From 2021 to 2026 (USD Million)
  27. Latin America Venous Ulcers Market, By Region, From 2021 to 2026 (USD Million)
  28. Latin America Diabetic Foot Ulcers Market, By Region, From 2021 to 2026 (USD Million)
  29. Latin America Other Ulcers Market, By Region, From 2021 to 2026 (USD Million)
  30. Brazil Negative Pressure Wound Therapy Market, By Ulcers, From 2021 to 2026 (USD Million)
  31. Argentina Negative Pressure Wound Therapy Market, By Ulcers, From 2021 to 2026 (USD Million)
  32. Mexico Negative Pressure Wound Therapy Market, By Ulcers, From 2021 to 2026 (USD Million)

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