Global Diabetic Foot Ulcer Therapeutic Market Size By Product (Advanced Wound Dressings, Skin Substitutes, Growth Factors), By Ulcer Type (Neuropathic Ulcers, Ischemic Ulcers, Neuro-Ischemic Ulcers), By End User (Hospitals, Specialty Clinics, Long Term Care Centers), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

View Details Buy Now 2890 Download Sample Ask for Discount Request Customization

Diabetic Foot Ulcer Therapeutic Market Size And Forecast

Diabetic Foot Ulcer Therapeutic Market size is growing at a moderate pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2021 to 2028.

The DFU treatment market is really taking off, largely because more people are getting diabetes and our population is aging. Think about itone of the worst things that can happen with diabetes is a diabetic foot ulcer. Luckily, new regenerative technologies are on the horizon, which should help things even more. However, treating these ulcers can be really expensive, which holds the market back a bit. Plus, many countries don't have great healthcare, which also limits growth. Want to know more? Check out the Global Diabetic Foot Ulcer Therapeutic Market report. It dives deep into all the important stuff like key segments, trends, what's driving the market, what's holding it back, and who the big players are. It gives you a holistic view!

Global Diabetic Foot Ulcer Therapeutic Market Definition

Diabetic foot ulcers are a real problem for people with diabetes, and sadly, they can even lead to leg amputation. It's especially risky for those who need insulin. One of the worst things about these ulcers is that you might not even feel them because they can cause a loss of pain sensation. You might notice some redness or swelling, though. The good news is that there are treatments out there! Things like polyhexamethylene biguanide gels or solutions, and dressings with silver, iodine, or even medical-grade honey can help. It's worth knowing that if you have other diabetes-related issues, like kidney, eye, or heart problems, or if you're dealing with obesity, you're also more likely to get a foot ulcer. And, unfortunately, drinking alcohol and using tobacco just increase the risk.

If you have diabetes that's not well-managed, you're at a higher risk for developing diabetic foot ulcers. Things like poor blood sugar control, dry skin, reduced blood flow (ischemia), peripheral vascular disease, Osteomyelitis, calluses, neglecting your feet, foot infections, and nerve damage (neuropathy) can all contribute. Worse yet, these ulcers can lead to bone infections in the foot and, in some cases, even amputation of the lower limb. Diabetes often causes hardening of the arteries in the legs and feet (atherosclerosis), which then causes these ulcers. You'll usually find them on parts of the foot that experience a lot of pressure or repeated injury. Sadly, diabetic foot ulcers are really common and are responsible for over 80% of foot amputations.

Global Diabetic Foot Ulcer Therapeutic Market Overview

The increasing prevalence of diabetes and subsequent rise in the incidence of diabetic foot ulcers is expected to propel the growth of the global diabetic foot ulcer therapeutics market over the forecast period. Developments in regenerative technology are projected to bolster the global diabetic foot ulcer therapeutics market growth over the forecast period.

As more and more people are living longer, we're seeing a rise in chronic conditions like diabetes, which is actually creating new opportunities for the diabetic foot ulcer (DFU) treatment industry. It seems like the fact that so many people worldwide have diabetes Mellitus, coupled with the increased acceptance of new wound care equipment for treating those nasty foot ulcers, is really going to push the market forward. Plus, with healthcare spending on the rise and tons of investment going into developing new & advanced treatment methods, we can expect the market to grow even faster over the next couple of years. Even something as simple as having specialized dressings for different types of foot ulcers is expected to help the market grow. For example, you've got hydrocolloid dressings like DuoDERM or IntraSite hydrocolloid that are great for dry wounds because they keep things moist, which speeds up healing and helps the body clean the wound itself.

R&D in non-invasive approaches for the treatment of diabetic foot ulcers is expected to offer lucrative growth opportunities for players in the market. Moreover, increasing consumption of alcohol and tobacco is also expected to aid in the growth of the market. However, the high cost of diabetic foot ulcer medication and care is expected to hinder the growth of the global diabetic foot ulcer therapeutics market. Moreover, lack of awareness regarding specific treatment options, especially in emerging economies is also expected to limit the growth of the market.

Global Diabetic Foot Ulcer Therapeutic Market Segmentation Analysis

The Global Diabetic Foot Ulcer Therapeutic Market is segmented On The Basis of Product, Ulcer Type, End User, And Geography.

Diabetic Foot Ulcer Therapeutic Market, By Product

• Advanced Wound Dressings• Skin Substitutes• Growth Factors• Negative Pressure Wound Therapy Devices• Other Devices

Based on Product, the market is segmented into Advanced Wound Dressings, Skin Substitutes, Growth Factors, Negative Pressure Wound Therapy Devices and Other Devices. The advanced wound dressings segment in the global diabetic foot ulcer therapeutics market is predicted to dominated over the forecast timeline. Increasing product launches is expected to support the growth of the segment over the forecast period.

Diabetic Foot Ulcer Therapeutic Market, By Ulcer Type

• Neuropathic Ulcers• Ischemic Ulcers• Neuro-Ischemic Ulcers

Based on Ulcer Type, the market is bifurcated into Neuropathic Ulcers, Ischemic Ulcers, and Neuro-Ischemic Ulcers. The neuropathic ulcers segment dominated the global diabetic foot ulcer therapeutics market in 2019. The Surging prevalence of diabetes is a major factor driving the growth of the segment.

Diabetic Foot Ulcer Therapeutic Market, By End User

• Hospitals• Specialty Clinics• Long Term Care Centers• Ambulatory Surgical Center

Based on End User, the market is bifurcated into Hospitals, Specialty Clinics, Long Term Care Centers, and Ambulatory Surgical Center. Among end-users, the hospital segment emerged as the leading segment in the global diabetic foot ulcer therapeutics market in 2019, accounting for the largest market share. Increasing hospitalizations for the treatment of diabetic foot ulcers are expected to support the growth of the segment.

Diabetic Foot Ulcer Therapeutic Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

When we look at the world, geographically speaking, the Global Diabetic Foot Ulcer Therapeutic Market is split into North America, Europe, Asia Pacific, and the rest of the world. Back in 2019, North America was the leader, thanks to a growing number of people with diabetes and good healthcare available there. Now, it's true that getting new treatments approved in North America can take a while because of the costs and research needed, which slows things down. But, on the other hand, more and more doctors are using cool new biologics and wound care devices to treat these ulcers, so North America is still on top. Europe comes in second place, and Asia Pacific is right behind. But get thisAsia Pacific is expected to grow the fastest in the coming years! This is because diabetes is becoming more common, and there are a lot of older folks in both India and China. Plus, countries like Japan and Australia are making it easier to use new treatments and have supportive rules in place.

Key Players

The “Global Diabetic Foot Ulcer Therapeutic Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are B. Braun Melsungen AG, Smith & Nephew, Inc., Organogenesis, Inc., Derma Sciences Inc., Sigvaris Inc., 3M, Medtronic Plc., Medline Industries, Inc., BSN Medical GMBH and Acelity L.P. Inc.

Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.

Key Developments

• Organogenesis Inc., a commercial leader in the field of regenerative medicine, is expanding beyond wound care with the acquisition of NuTech Medical. The newly-combined company will offer a portfolio of advanced and next generation products for the wound care and surgical biologics markets.Based in Birmingham, AL, NuTech Medical is an emerging player, offering a diverse portfolio of amniotic products for a variety of surgical and wound care needs. NuTech Medical’s non-biologics product line will remain as a separate company, NuTech Spine.

Report Scope

REPORT ATTRIBUTESDETAILS
Study Period

2017-2028

Base Year

2020

Forecast Period

2021-2028

Historical Period

2017-2019

Key Companies Profiled

B. Braun Melsungen AG, Smith & Nephew, Inc., Organogenesis, Inc., Derma Sciences Inc., Sigvaris Inc., 3M, Medtronic Plc., Medline Industries, Inc., BSN Medical GMBH and Acelity L.P. Inc.

Segments Covered

By Product, By Ulcer Type, By End User, And By Geography

Customization Scope

Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope

Top Trending Reports

Research Methodology of Market Research

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

We'll dive into the market with a mix of qualitative and quantitative analysis, breaking it down by different segments using both economic and, well, everything else! Expect to see the market value (in USD Billion) for each little piece of the pie. We'll also point out which region and segment are predicted to be the fastest growing and the biggest overall. Plus, a geographical analysis, showing where the product/service is really being used and what's impacting things in each area. We'll size up the competition, ranking the major players and calling out new stuff they've launched, partnerships they've made, and how they've expanded or acquired other companies in the last five years. You'll get detailed company profiles covering the basics, cool insights, how their products stack up, and a full SWOT analysis for the big names. We’ll give you the lay of the land, looking at recent industry developments, growth opportunities, and what's holding things back in both new and established markets. Get ready for an in-depth look from all angles with Porter's five forces analysis, and a peek into the market's Value Chain. Finally, we’ll lay out the market dynamics, showing you the growth opportunities coming down the line, and you'll get 6 months of analyst support after the sale.

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.

Table of Content

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

List Tables Figures

To get a detailed Table of content/ Table of Figures/ Methodology Please contact our sales person at ( chris@marketinsightsresearch.com )

FAQ'S

For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:

sales@marketinsightsresearch.com

Within 24 to 48 hrs.

You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email

You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.