Diabetic Foot Ulcer Treatment Market to be dominated by Wound Care Dressings type through 2028
The increasing prevalence of diabetes is expected to drive the
growth of Global Diabetic Foot Ulcer Treatment Market in the forecast period,
2024-2028.
According to TechSci Research report, “Global Diabetic Foot Ulcer Treatment Market -
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”,
Global Diabetic
Foot Ulcer Treatment Market is anticipated to grow at an impressive rate in the forecast
period, 2024-2028. This can be ascribed to the growing prevalence
of diabetes and obesity types of chronic diseases among the aging population
across the globe. Additionally, the growing geriatric population can spread
different chronic diseases such as diabetes, and obesity along with advancing
age, leading sedentary lifestyle and longer duration of diabetes mellitus can demand
multiple treatment options by patients diagnosed especially in the developed
countries in North America and Europe is expected to create lucrative
opportunities for the market growth in coming years. Similarly, crowing technological advancements
in treatment options in emerging countries will further boost market growth
during the forecast period. Also, the availability of explicit dressings for a
specific type of diabetic is expected to drive market growth during the
forecast period.
However, high
cost of the advanced wound care devices along with lack of reimbursement
procedure for the treatment of diabetic foot ulcers in the developing countries
slowing down the growth of global diabetic
foot ulcer treatment market in the
forecast period. Similarly, high risks and complications associated with
treatments may hamper the diabetic
foot ulcer treatment market growth
during the forecast period. Also, lack of awareness regarding the advanced
treatment in emerging countries can further restrict the growth of global diabetic foot ulcer treatment market.
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The global diabetic foot ulcer treatment market can be segmented by treatment, ulcer
treatment, end user, and by region.
Based on treatment, the global diabetic
foot ulcer treatment market can be segmented into Wound Care
Dressings, Biologics, Therapy Devices, Antibiotic Medications, and Others. The wound care dressings segment dominates the
market in 2022 and is expected to continue maintaining its dominance throughout
the forecast period. This can be ascribed to increasing research and
development by major market players and the rising launch of technologically
advanced products which will help to enhance the demand for diabetic foot ulcer
treatment. Also, the growing demand for lower healthcare costs for wound
management along with reducing the healing time of the wound by using novel
products will further propel the market growth during the forecast period.
Based on end user, the market can be segmented
into Hospitals
& Clinics, Ambulatory Care Centers, and Others The hospital segment is expected to dominate
the market in 2022 and is expected to continue to maintain its dominance
throughout the forecast period. This can be ascribed to the growing adoption
rate of treatment options for diabetic foot ulcers in hospitals along with the
growing number of hospitals and clinics across the region. Similarly, the
presence of required facility-skilled staff and growing patient preference for
hospitals due to favorable policies will further propel the market growth
during the forecast period.
Major companies operating in the global diabetic
foot ulcer treatment market
are:
- 3M Company
- Medtronic Plc
- ConvaTec,
Inc.
- Coloplast
Corporation
- Smith &
Nephew Plc
- B Braun
Melsungen AG
- Medline
Industries, Inc.
- Organogenesis,
Inc.
- Molnlycke
Health Care AB
- Acelity L.P.,
Inc.
In December 2019, Orpyx Medical Technologies Inc. launched a new
product named as Orpyx SI Sensory Insoles with remote patient monitoring for
the prevention of diabetic foot ulcer and neuropathy related ulcers.
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“North America is
expected to dominate in The Global Diabetic Foot Ulcer Treatment Market on
account due to the increasing prevalence of diabetic foot ulcers among the population
across the region. Similarly, launched of a new medicine help manufacturers to
reap good returns in the market which will further propel the market growth
over the years. Furthermore, increasing advanced technology along with
developing healthcare expenditure for the treatment of different types of
ulcers are further contributing to the demand for diabetic foot ulcer treatment.
Besides, the availability of skilled professionals, growing awareness about a
new treatment for a diabetic foot ulcer, rapid urbanization, and modernization
boosted the lifestyle practices of the people which has given rise to a number
of chronic diseases and growing investment by government organizations in the
healthcare sector in the region is further expected to create lucrative
opportunities for the market growth” said Mr. Karan Chechi, Research Director
with TechSci Research, a research-based global management consulting firm.
“Diabetic
Foot Ulcer Treatment Market
- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Treatment (Wound Care Dressings,
Biologics, Therapy Devices, Antibiotic Medications, Others), By Ulcer Treatment
(Neuropathic Ulcers, Ischemic Ulcers, Neuroischemic Ulcers), By End User
(Hospitals & Clinics, Ambulatory Care Centres, Others), By Region and Competition”, has evaluated the future growth potential of global diabetic foot ulcer
treatment market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge 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 global diabetic foot ulcer
treatment market.
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