Wound is an injury to the body that typically involves breaking of a skin membrane or tearing of soft body tissue and usually damage to underneath tissues. Wounds can be categorize as chronic wounds and acute wounds.

Chronic wound is a symptom of disease, deficiency, ailment or infection that is characterized by no signs of significant healing over a prolonged period of time. Bariatric patients, diabetic patients or those with venous insufficiency are at high risk of developing chronic wounds. The most common chronic wounds such as diabetic foot ulcers, venous leg ulcers, and pressure ulcers are treated using biologic skin substitutes and are characterized by non-healing capability for over 30 days.

Acute wounds are observed in all patients with traumatic and surgical wounds, superficial burns or abrasions. Acute wounds need to be handled efficiently as poor wound care or delay in the process could lead to chronic wounds. Management of acute wound includes examination for underlying injuries, removal of harmful debris or necrotic tissue, control of bacterial growth, and appropriate wound closure.

Wound healing is nothing but the healing of the skin immediately after an injury. Wound healing is a biological process which involves four phases such as hemostasis, inflammation, proliferation, and remodeling. All these four phases must takes place in the proper time frame and sequence to heal the wound successfully.

Market Dynamics

Increasing prevalence of diabetes and diabetic foot, rising medical tourism, favoring the demand for wound care biologic products, new product launches and commercial activities in wound care biologics, rising incidences of chronic wounds and ulcers, rising research and development activities for the development of novel technology for the treatment of wound, and increasing adoption of inorganic growth strategies such as mergers, acquisitions, partnerships, and collaborations by key players operating in the market are the major factors that are expected to drive growth of the Colombia wound care biologics market over the forecast period.

For instance, according to the statistics provided by the International Diabetes Federation, total cases of diabetes in adults were found to be 2,836,500 in Colombia in May 2020.

Key features of the study:

• This report provides in-depth analysis of the Colombia wound care biologics market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2021–2028), considering 2020 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the Colombia wound care biologics market based on the following parameters – company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
• Key companies covered as a part of this study include Smith & Nephew, Plc, Organogenesis, Inc., Integra Life Sciences Corporation, MiMedx Group, Inc., Skye Biologics, Inc., Amino Technology LLC, Osiris Therapeutics, Inc., Alphatec Holdings, Inc. Mallinckrodt Plc., Amniox Medical, Inc., Acelity L.P. Inc., ConvaTec Group Plc, Generex Biotechnology Corporation, and Olaregen Therapeutix Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The Colombia wound care biologics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Colombia wound care biologics market

Detailed Segmentation:

• Colombia Wound Care Biologics Market, By Product Type:
  • Biologic Skin Substitutes
  • Enzyme Based Formulations
  • Growth Factors
• Colombia Wound Care Biologics Market, By Application:
  • Chronic Wounds
    • Diabetic Foot Ulcer
    • Venous Leg Ulcer
    • Pressure Ulcer
  • Acute Wounds
    • Surgical Wounds
    • Burns
• Colombia Wound Care Biologics Market, By End User:
  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers
  • Home Care Settings
• Company Profiles
  • Smith & Nephew, Plc *
    • Company Overview
    • Material Portfolio
    • Financial Performance
    • Key Highlights
    • Market Strategies
  • Organogenesis, Inc.
  • Integra Life Sciences Corporation
  • MiMedx Group, Inc.
  • Skye Biologics, Inc.
  • Amino Technology LLC
  • Osiris Therapeutics, Inc.
  • Alphatec Holdings, Inc.
  • Mallinckrodt Plc.
  • Amniox Medical, Inc.
  • Acelity L.P. Inc.
  • ConvaTec Group Plc.
  • Generex Biotechnology Corporation
  • Olaregen Therapeutix Inc.

 “*” marked represents similar segmentation in other categories in the respective section.