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Increasing Geriatric Population Fueling Progress of Colombian Wound Care Market
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As geriatric people have weakened immunity levels and require longer recovery time periods for wound healing than younger persons, their surging population is positively impacting the demand for wound care in the country. Moreover, they require extensive medical care as they are highly vulnerable to various diseases and ailments. As per an article published in Current Gerontology and Geriatrics Research, nearly 5.2 million people were in the age bracket-60 years and above in Colombia in 2016.
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The Colombian wound care market is predicted to register the highest growth in Cundinamarca in the forthcoming years. The key factors fueling the expansion of the market in this state are the surging healthcare expenditure, the soaring research and development (R&D) activities, and the increasing implementation of favorable government initiatives regarding wound care products in the state. The industry is predicted to boom in the city of Bogota in the coming years, as per many experts.
Hence, it is safe to say that the market will demonstrate huge expansion in the upcoming years, mainly because of the rising incidence of chronic wounds and the increasing geriatric population in the country.
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