Diabetic Foot Ulcers Treatment - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Diabetic Foot Ulcers Treatment Market is accounted for $4.29 billion in 2019 and is expected to reach $9.33 billion by 2027 growing at a CAGR of 10.2% during the forecast period. Increasing occurrence of chronic diabetes, hastily increasing geriatric population globally and advancements in the field of research are the major factors propelling the market growth. However, the high cost of ulcer management and lack of healthcare facilities are hampering the market growth.
A diabetic foot ulcer treatment is a common situation in diabetic patients, and can be a disabling condition, as well as resulting in amputation of the leg. The major reason for diabetic foot ulcer is neuropathic and vascular changes in diabetes patients, which result in chronic wounds due to minor trauma or pressure. The mortality rate is high because of diabetic foot ulcers, and chances of reappearance of cured foot ulcers are relatively high.
Based on the end user, the hospitals segment is estimated to have a lucrative growth owing to a superior implementation rate of treatment options for diabetic foot ulcers in hospitals, presence of necessary facility trained staff, and growing patient inclination to hospitals owing to excellent policies.
By geography, North America is going to have a lucrative growth during the forecast period due to growing geriatric population, and large patient pool of diabetic patients and well established healthcare facilities and infrastructure in countries in the region. In addition, extended research and development and approval cycles are required due to capital-intensive nature in countries of North America, and this is among some of the major factors projected to drive growth of the market in the region.
Some of the key players profiled in the Diabetic Foot Ulcers Treatment Market include 3M Co., Johnson & Johnson Services, Inc., Medline Industries Inc., Molnlycke Health Care AB, Organogenesis, Inc., Orpyx Medical Technologies Inc., Paul Hartmann AG, and B. Braun Melsungen AG, Cardinal Health, Inc., Coloplast A/S, ConvaTec Group Plc, Essity AB, Hollister, Inc., Integra LifeSciences Corp. and Izun Pharmaceuticals Corp.
• Wound Care Devices
• Wound-care Dressings
• Antibiotic Medications
• Active Therapies
• Other Products
Ulcer Types Covered:
• Neuro-Ischemic Ulcer
• Neuropathic Ulcer
• Ischemic Ulcer
• Grade 1
• Grade 2
• Grade 3
• Grade 4
• Grade 5
End Users Covered:
• Ambulatory Surgical Centers
• Homecare Settings
• Hospital Outpatient Settings
• Hospital Inpatient Settings
• Community Health Centers
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Competitive Benchmarking
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