The Latin America, Middle East and Africa Wound Closure Strips Market would witness market growth of 7.7% CAGR during the forecast period (2024-2031).
The Brazil market dominated the LAMEA Wound Closure Strips Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,027.2 Thousands by 2031. The Argentina market is registering a CAGR of 8.8% during (2024 - 2031). Additionally, The UAE market would showcase a CAGR of 7.3% during (2024 - 2031).
One of the key drivers behind the growth of the wound closure strips market is the increasing prevalence of surgical procedures and trauma cases. As populations grow and age, the incidence of conditions requiring surgical intervention rises, leading to a greater need for effective wound management solutions.
Additionally, wound closure strips are particularly advantageous in these cases, as they provide a non-invasive, easy-to-apply solution that is less likely to cause additional trauma to fragile skin.
The LAMEA region is experiencing a growing demand for wound closure strips, largely driven by increasing healthcare expenditure across various nations. In Brazil, the increasing demand for wound closure strips is closely linked to the country’s rising healthcare expenditure and efforts to expand access to medical services. According to the World Bank, Brazil's healthcare expenditure as a percentage of GDP increased to approximately 9.89% in 2021. This increased spending has enabled widespread adoption of advanced medical products, including wound closure strips, particularly in public hospitals and clinics.
Free Valuable Insights: The Worldwide Wound Closure Strips Market is Projected to reach USD 354.5 Million by 2031, at a CAGR of 5.2%
Based on Product Type, the market is segmented into Flexible and Reinforced. Based on Sterility, the market is segmented into Sterile and Non-Sterile. Based on Indication, the market is segmented into Surgical Wounds and Lacerations & Minor Cuts. Based on Distribution Channel, the market is segmented into Institutional Sales and Retail Sales. Based on End-use, the market is segmented into Hospitals, Specialty Clinics, Home Healthcare, Physician’s Office, Nursing Homes, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Product Type
By Sterility
By Indication
By Distribution Channel
By End-use
By Country
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