The new report by Expert Market Research titled, ‘Global Diabetic Ulcer Treatment Market Size, Report and Forecast 2023-2031’, gives an in-depth analysis of the global diabetic ulcer treatment market, assessing the market based on its segments like treatment types, grades, end users, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Diabetic Ulcer Treatment Market Size, Trends, Industry Report, Key Player, Major Segments, and Forecast
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The key highlights of the report include:
Market Overview (2016-2031)
• Forecast CAGR (2023-2031): 8.1%
The growth of the market is primarily driven by the rising cases of diabetes due to higher stress, sedentary lifestyles, and unhealthy eating habits is driving the market growth. The increasing adoption of wound care devices, owing to the increasing cases of complexity in foot ulcers, is also adding to the market growth.
Over the forecast period, the changing preference of patients towards minimally invasive treatment procedures, instead of amputation and expensive surgeries, is anticipated to bolster the market growth. In terms of region, North America accounts for a significant share of the market owing to the high healthcare expenditure in the United States of America.
Diabetic Ulcer Treatment Industry Definition and Major Segments
Diabetic ulcer refers to the condition in which ulcers develop on the feet of the diabetic patients. Diabetic ulcer treatment is a type of treatment in which diabetic ulcer patients are provided with therapies and dressings to boost their comfort. In addition, the patients suffering from chronic diabetes ulcers require an intense treatment.
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On the basis of treatment type, the market can be segmented into:
- Wound Care Dressing
- Antimicrobial Dressings
- Film Dressings
- Alginate Dressing
- Wound Care Devices
- Negative Pressure Wound Therapy
- Hyperbaric Oxygen Therapy
- Ultrasound Therapy
- Active Therapies
- Skin Grafts and Substitutes
- Growth Factors
- Hemostatic Agents and Sealants
Based on grade, the market can be divided into:
• Grade 1
• Grade 2
• Grade 3
• Grade 4
• Grade 5
The end-users included in the market are as follows:
• Hospital Inpatient Settings
• Hospital Outpatient Settings
• Community Health Centres
• Home Health Care
The regional markets for diabetic ulcer treatment are as follows:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
Diabetic Ulcer Treatment Market Trends
The key trends in the diabetic ulcer treatment market include the increasing healthcare expenditure in the emerging economies, the rapid development of healthcare facilities, and the increasing rate of hospitalisation due to diabetes mellitus. Over the forecast period, the increasing investments aimed towards launching new active therapies to address the escalating concerns of complexity of ulcers are anticipated to spearhead the market growth.
Moreover, the growing expansion of the treatment options, which include bioengineered skin substitute and extracellular matrix proteins, are likely to provide impetus to the market growth in the forecast period.
Key Market Players
The major players in the market are:
- ConvaTec Group plc
- Acelity L.P. Inc
- 3M Company
- Smith and Nephew Plc
- B. Braun Melsungen Ag
- Medline Industries, LP
- Medtronic Plc
- Organogenesis Holdings Inc
- Molnlycke Health Care AB
- BSN Medical GMBH
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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