Diabetic Foot Ulcer Treatment Market to be Dominated by Collaborations and Partnerships Among Leading Pharmaceutical Companies in United Kingdom by 2028
Growing concern of United
Kingdom government towards rising prevalence of diabetic foot ulcers and
obesity rates is one of the major drivers for the United
Kingdom diabetic foot ulcer treatment market.
According to TechSci Research
report, “United Kingdom Diabetic Foot Ulcer Treatment Market – By Region, Competition,
Forecast and Opportunities, 2028”, the United Kingdom diabetic foot ulcer
treatment market is anticipated to register a high CAGR during the forecast
period. This can be ascribed to enhancement in healthcare infrastructure of the
countries and developing economy of United Kingdom.
Growing demand for
treatment of diabetic foot ulcers have been greatly influenced by establishment
of new hospitals with every passing year in United Kingdom. According to the
analysis made by Statista in 2022, it has been observed that around 1,910 new
hospitals were built in UK in 2018, followed by 1,978 hospitals in 2019, 1,921
hospitals in 2020, and so on. Moreover, availability of around 17 thousand
podiatrists in United Kingdom who are exclusively trained in treatment of
diabetic foot ulcers using skilled techniques are expected to propel the growth
of United Kingdom diabetic foot ulcer treatment market in the forecast period.
Nowadays, podiatrists employ the use of bioengineered skin substitutes such as
tissue-engineered dermal replacements or cellular-based products to accelerate
wound closure and provide a scaffold for tissue regeneration. Electrical stimulation
techniques such as pulsed electromagnetic field therapy (PEMF) are also
utilized by healthcare professionals to promote wound healing by enhancing cell
proliferation and circulation. Growing industrial mergers and acquisitions
among leading pharmaceutical companies with a vision to combine their expertise
and generate an improvised treatment method is also expected to support the
growth of United Kingdom diabetic foot ulcer treatment market in the futuristic
period. For instance, Engineering and Physical Sciences Research Council
(EPSRC) funded the collaboration of The Crick and GlaxoSmithKline plc. to
advance the discovery of new drug targets in a EUR 11.5 million effort. Moreover,
growing rate of obesity among people due to consumption of unhealthy food and
sedentary lifestyle is also expected to drive the growth of United Kingdom diabetic foot ulcer treatment market in
the forecast period.
According to global obesity levels, United Kingdom is
ranked at 33rd position across the world accounting for around 27.8%
of total adult population that is obese. As per the analysis made by
government of United Kingdom on obesity in 2022, it has been observed that
approximately 29.5% of people aged 45-54 years of age are obese, 30.2% of
people aged between 55-64 years are obese, 29.1% of people aged between 65-74
years are obese, 26.1% people between age of 75-84 years are obese and so on. Excessive
body weight can put increased pressure on the feet which when combined with
peripheral neuropathy can lead to the development of foot deformities, such as
calluses, corns, and foot ulcers. Obesity often leads to impaired blood
circulation which slows down the healing process and increases the risk of
complications. Rise in persistence of healthcare policies implicated by
government across United Kingdom is also expected to register a lucrative
growth to United Kingdom diabetic foot ulcer treatment market in upcoming
years. The National Institute for Health and Care Excellence (NICE) provides evidence-based
guidance to healthcare professionals in the UK. The NICE guidelines on diabetic
foot problems outline recommendations for prevention, assessment, and
management of diabetic foot ulcers. Moreover, fundings provided by United Kingdom
government to enhance the quality of research and development associated with
treatment of diabetic foot ulcers are also supporting the market growth.
However, the high cost
of advanced wound care treatment and unawareness among people regarding
availability of treatment for diabetic foot ulcers are expected to slow down
the growth of the market in the coming years.
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The United Kingdom diabetic
foot ulcer treatment market segmentation is based on treatment, ulcer type, end
user, company, and region.
Based on ulcer type, the
market is further divided into neuropathic ulcers, ischemic ulcers, and
neuroischemic ulcers. Neuroischemic ulcers are likely to dominate the market in
the forecast period. This can be attributed to the
number of risks associated with neuro-ischemic ulcers, such as infection,
amputation, and death.
Some of
the major companies operating in the United Kingdom diabetic foot ulcer
treatment market include:
- Medtronic
Ltd.
- 3M
United Kingdom Public Limited
- ConvaTec,
Inc.
- Coloplast
Ltd.
- Smith
& Nephew plc.
- B. Braun
Medical Ltd.
- Medline
Industries Ltd.
- Mölnlycke
Health Care Limited
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“Certain regions like London and
East Anglia are expected to dominate the demand for diabetic foot ulcer
treatment in United Kingdom. Presence of leading pharmaceutical companies in
the market who are focusing on incorporating novel properties in their medicinal
products for early treatment of diabetic foot ulcers are expected to register
an impressive growth to United Kingdom diabetic foot ulcer treatment market in
the forecast period," said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“United Kingdom Diabetic
Foot Ulcer Treatment Market By Treatment (Wound Care Dressings, Biologics, Therapy Devices,
Antibiotic Medications, and Others), By Ulcer Type (Neuropathic Ulcers, Ischemic
Ulcers, and Neuroischemic Ulcers), By End User (Hospitals & Clinics,
Ambulatory Care Centers, and Others), By Region, Competition, Forecast and Opportunities,
2028”, has evaluated the future
growth potential of United Kingdom diabetic foot ulcer treatment market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide innovative market intelligence and
help decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in United Kingdom diabetic foot ulcer treatment
market.
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