Diabetic Ulcer Treatment Market Scope

Market Research Future (MRFR) expects the diabetic ulcer treatment market to be worth USD 7500 Million by 2027. From 2020 to 2027 (assessment period), the diabetic ulcer treatment market size will grow at a decent rate of 8.5%, adds MRFR.

Major Boosters & Deterrents

One of the biggest reasons for the booming market demand can be the increasing prevalence of diabetes combined with the expanding elderly patient base worldwide. Considerable spending by prominent firms on the pharmaceutical R&D activities will further have a remarkable impact on the diabetic ulcer treatment industry in the ensuing years.

Increasing R&D spending for better treatment options paired with the thriving medical tourism sector across emerging regions are a few lucrative opportunities in the global industry. In addition, mounting government intervention in this segment across various countries should further enhance the market size in the following years.

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Market Segmentation

The types mentioned in the report are mouth ulcer, foot ulcer, and more. The foot ulcer segment is currently in the lead.

Treatment-based segments are Wound Care Devices, Wound Care Dressings, as well as Active Therapies.

Major market end users covered in the research study are academic and research organizations, ambulatory surgical centers, hospitals and clinics, and others. The hospitals and clinics segment holds the biggest portion of the global industry, since these centers are the main spots for the patients seeking ulcer treatments.

Regional Status

The American market is currently at the top and should remain in the lead all through the review period. The huge market in the region can be accredited to the mushrooming diabetic patients base in the United States, well-established healthcare infrastructure, and massive government spending on research and development activities. Studies have confirmed that close to 40.3 million individuals in the US are affected by diabetes, while around 90.1 million adults suffer from prediabetes. Rise in obesity, high prevalence of unhealthy eating habits and the lack of physical activities, especially among working professionals in the corporate sector has resulted in the significant number of diabetic patients. This is touted to be a key growth booster in the following years.

Europe happens to be a promising market for diabetic ulcer treatment, given the region’s GDP of 9.6% that mostly goes to the healthcare sector. Substantial expenditure on the diabetes segment, players focused on launching new and improved solutions that ensure effective treatment, and the high purchasing capacity of the consumers in the region fosters the market status as well.

With that said, the fastest progress will be exhibited by the Asia Pacific market in the ensuing years, thanks to the escalating demand for advanced diabetic ulcer treatment. The region has the highest population in the world, while countries like India, China and Japan have fast-improving healthcare sectors. All these factors culminate into a vibrant business scenario for the local firms in the region. Additionally, East Asia is witnessing a fast growth in the geriatric population, which is prone to diabetes and several other chronic disorders. This is yet another major reason for the stunning market growth in the region.

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Top Firms

AVELLE, Integra LifeSciences Corporation (US), Foam Lite, SANUWAVE Health, Inc. (US), Cardinal Health (US), 3M (US), Braun Melsungen AG (Germany), ACELITY L.P. INC. (US), ConvaTec Group PLC (UK), DuoDERM, Smith & Nephew PLC (UK), Hydrofibe Organogenesis Inc. (US), Mölnlycke Health Care AB (Sweden), Essity Aktiebolag (Sweden) are the biggest diabetic ulcer treatment products and solutions developers profiled in the MRFR research report.

Latest Updates

June 2021

Adlore Inc. is working on raising USD 5.1 million for the commercialization of a diabetic foot ulcer treatment that costs close to billions of dollars every year in the United States. The company’s SenLore therapeutic boot combines both electrical and heat stimulation to boost blood flow and also heal wounds occurring due to foot ulcers. Sensors that are part of the boot’s insole help analyze the blood flow in the entire foot. The boot also enabled by Wi-Fi that helps in remote monitoring, while giving alerts to the medical professional in case the patient is experiencing low blood flow, which leads to hindered healing.

Table Of Contents

1. REPORT PROLOGUE

2. MARKET INTRODUCTION

2.1. Definition

2.2. Scope Of The Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

3. RESEARCH METHODOLOGY

3.1. Overview

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

4. MARKET DYNAMICS

4.1. Overview

4.2. Drivers

4.3. Restraints

4.4. Opportunities

5. MARKET FACTOR ANALYSIS

TOC Continued…

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