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Wound Care Market in Colombia to Witness the Highest Growth in Coming Years

Cundinamarca is expected to account for the largest share in the Colombian wound care market by 2024. This can be mainly attributed to the increased healthcare spending, and rising research and development (R&D) activities with the support of government initiatives in the state.

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Wound Care Market in Colombia to Witness the Highest Growth in Coming Years

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  1. Wound Care Market in Colombia to Generate Revenue Worth $93.9 Million by 2024

  2. The Colombian wound care market was valued at $76.1 million in 2018, which is projected to reach $93.9 million by 2024, with a CAGR of 3.6% during the forecast period (2019–2024). Based on type, the advanced category held the largest market share in 2018, and is also expected to witness the fastest growth during the forecast period. The market growth is mainly driven by rising incidence of diabetes, traumatic injuries, and chronic wounds; and surge in geriatric population. Explore report at: https://www.psmarketresearch.com/market-analysis/colombian-wound-care-market “

  3. Research studies evaluating novel stem cell-based therapeutics, which limit the requirement of repetitive treatment, are observed as a key trend in the Colombian wound care market. The use of stem cells has demonstrated considerable potential for improving the rate and quality of wound healing and regenerating the skin. With the growth in healthcare coverage provided by public and private organizations, there has been a rise in demand for wound care facilities in Colombia. According to an article published in the Health and Human Rights journal in 2016, the growth in healthcare coverage in Colombia was remarkable during 1991–2016, with an increase from 25% of the population covered in 1992 to approximately 96% in 2016. This rapid increase in healthcare coverage represents a key dimension of the right to health, a matter of basic rights for the majority of citizens in the country. This boosts the growth of the wound care market in Colombia.

  4. Cundinamarca is expected to account for the largest share in the Colombian wound care market by 2024. This can be mainly attributed to the increased healthcare spending, and rising research and development (R&D) activities with the support of government initiatives in the state. Bogota is the largest and fastest growing market in the Colombian wound care market, on the basis of city. This can be ascribed to the presence of wound care specialty hospitals and increasing prevalence of diabetes mellitus in the city. Request for report sample at: https://www.psmarketresearch.com/market-analysis/colombian-wound-care-market/report-sample

  5. Medellin is expected to lead the wound care market in Antioquia throughout the forecast period. This can be mainly attributed to the rising incidences of road accidents and the presence of well-developed hospitals in the city. Cali is the largest market for wound care products in Valle del Cauca, due to the ongoing development in the healthcare industry in the city. Various developments related to the advancement in remote treatment and modernization of communication are observed in the city. Pre-Purchase Inquiry at: https://www.psmarketresearch.com/send-enquiry?enquiry-url=colombian-wound-care-market

  6. ConvaTec Group PLC, Mölnlycke Health Care AB, 3M Company, B. Braun Melsungen AG, BSN medical GmbH, Coloplast A/S, Smith & Nephew plc, Acelity L.P. Inc, and Paul Hartmann AG are some of the major players operating in the Colombian wound care industry. Some other players operating in the market are Hollister Incorporated, Techoquimicas SA, and Beiersdorf AG.

  7. THANK YOU! For queries, kindly write to: enquiry@psmarketresearch.com GET IN TOUCH www.psmarketresearch.com B-13, Sector-2, Noida, U.P.-201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 US/Canada Toll-Free: 1-888-778-7886

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