The Latin America, Middle East and Africa Foam Dressings Market would witness market growth of 8.4% CAGR during the forecast period (2023-2029).
Players in the market are concentrating on raising the effectiveness of foam dressing in recent years. They also improve the chemistry of the substances used to make foam dressings. The development of specific wound treatment techniques may be aided by the appearance of such goods. One example is using foam dressings to treat patients' pressure sores and wounds.
The need for cutting-edge wound dressings is gradually increasing, particularly for antimicrobial, alginate, and other dressings. This is due to their demonstrated clinical effectiveness over foam, film, and other dressings in wound management. This has differentiated the switch from traditional wound dressings, like gauze and other items, to advanced wound dressings. Therefore, players in the market are always working on R&D projects to launch cutting-edge dressings with proven clinical efficacy and take advantage of the lucrative potential.
UAE has become one of the most important markets in foam dressings. The rate of urbanization is accelerating as a result of societal change. Because of this, fewer people are exercising or consuming healthy foods, which increases obesity. Diabetes cases are on the rise as a result of these variables. The UAE's rising diabetes prevalence is leading to an increase in diabetic foot ulcers, driving up demand for foam dressing in the nation. As a result, they favor improved wound care to avoid or minimize chronic wounds, which fuels the regional market expansion.
The Brazil market dominated the LAMEA Foam Dressings Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $45.9 million by 2029, growing at a CAGR of 7.3 % during the forecast period. The Argentina market is expected to witness a CAGR of 9% during (2023 - 2029). Additionally, The UAE market is expected to witness a CAGR of 8.1% during (2023 - 2029).
Based on Application, the market is segmented into Chronic Wounds (Pressure Ulcers, Diabetic Foot Ulcers, Venous Leg Ulcers and Others) and Acute Wounds (Burns & Trauma and Surgical Wounds). Based on Material, the market is segmented into Silicone and Polyurethane. Based on End User, the market is segmented into Hospitals, Home Healthcare and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Foam Dressings Market is Projected to reach USD 2.1 Billion by 2029, at a CAGR of 4.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3M Company, B. Braun Melsungen AG, Cardinal Health, Inc., Coloplast Group, ConvaTec Group PLC, Molnlycke Health Care AB, Essity AB, Smith & Nephew PLC, Covalon Technologies Ltd. and Winner Medical Co., Ltd.
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