The Latin America, Middle East and Africa Wound Closure Strips Market is projected to 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 is projected to continue to be a dominant market till 2031; thereby, achieving a market value of $7.02 millions 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.
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.
The Brazil market dominated the LAMEA Wound Closure Strips Market by country in 2023, and is projected to continue to be a dominant market till 2031; thereby, achieving a market value of $7.02 millions 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.
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.
List of Key Companies Profiled
- DeRoyal Industries, Inc.
- DermaRite Industries, LLC
- 3M Company
- Medline Industries, LP
- Dynarex Corporation
- Smith & Nephew plc
- Aspen Surgical Products, Inc.
- Essity AB (BSN Medical)
- Aero Healthcare AU Pty Ltd.
- Gentell
Market Report Segmentation
By Product Type
- Flexible
- Reinforced
By Sterility
- Sterile
- Non-Sterile
By Indication
- Surgical Wounds
- Lacerations & Minor Cuts
By Distribution Channel
- Institutional Sales
- Retail Sales
By End-use
- Hospitals
- Specialty Clinics
- Home Healthcare
- Physician’s Office
- Nursing Homes
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. LAMEA Wound Closure Strips Market by Product Type
Chapter 5. LAMEA Wound Closure Strips Market by Sterility
Chapter 6. LAMEA Wound Closure Strips Market by Indication
Chapter 7. LAMEA Wound Closure Strips Market by Distribution Channel
Chapter 8. LAMEA Wound Closure Strips Market by End-use
Chapter 9. LAMEA Wound Closure Strips Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- DeRoyal Industries, Inc.
- DermaRite Industries, LLC
- 3M Company
- Medline Industries, LP
- Dynarex Corporation
- Smith & Nephew plc
- Aspen Surgical Products, Inc.
- Essity AB (BSN Medical)
- Aero Healthcare AU Pty Ltd.
- Gentell
Methodology
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