Press release
Diabetic Foot Ulcer Market to Grow at a CAGR of 7.9% from 2021 to 2028 | Kerecis, MiMedx, Organogenesis Inc., URGO, Mölnlycke Health Care AB.
Diabetic Foot Ulcer Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Type, Ulcer Type, and End-User,” the market is expected to reach US$ 7,793.83 million by 2028 from US$ 4,279.65 million in 2020; it is estimated to grow at a CAGR of 7.9% from 2021 to 2028.ConvaTec Inc; 3M Company (Acelity L.P. Inc.); Coloplast A/S; Smith & Nephew plc; B. Braun Melsungen AG; Medline Industries, Inc; Cardinal Health Inc; Organogenesis Holdings Inc; Mölnlycke Health Care; MiMedx Group, Inc; Kerecis hf; and URGO are among the leading companies operating in the diabetic foot ulcer market.
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The report highlights trends prevailing in the market and factors driving its growth. The growth of the diabetic foot ulcer market is mainly attributed to the factors such as the increasing prevalence of diabetes and related chronic wounds and rising geriatric population. However, the high cost of advanced wound care treatments hinders the market growth.
Diabetic foot ulcer is a frequent complication in diabetic patients, and it may lead to leg amputation. Diabetes patients, who rely on insulin as a part of diabetes therapy, are at a higher risk of developing a foot ulcer. Diabetic foot ulcers can also affect patients who have diabetes-related kidney, skin, or heart disease, as well as obesity. Also, people who consume alcohol have a higher risk of developing the diabetic foot ulcer. The growth of the diabetic foot ulcer market is attributed to the factors such as the increasing prevalence of diabetes and related chronic wounds and rising geriatric population. However, the high cost of advanced wound care treatments hinders the market growth.
The report segments the diabetic foot ulcer market as follows:
By Type
- Advanced Wound Care Dressings
- Biologics
- Therapy Device
By Ulcer Type
- Neuropathic Ulcers
- Ischemic Ulcers
- Neuro-ischemic Ulcers
By End User
- Hospitals
- Ambulatory Surgery Centers
- Home Care
By Geography
- North America
- Europe
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
- South and Central America (SCAM)
Diabetic Foot Ulcer Market: Regional analysis includes:
Asia-Pacific(Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
North America (the United States, Mexico, and Canada.)
South America (Brazil etc.)
The Middle East and Africa (GCC Countries and Egypt.)
Major Highlights of The Report:
All-Inclusive Evaluation Of The Parent Market
Evolution Of Significant Market Aspects
Industry-Wide Investigation Of Market Segments
Assessment Of Market Value And Volume In Past, Present, And Forecast Years
Evaluation Of Market Share
Study Of Niche Industrial Sectors
Tactical Approaches Of Market Leaders
Lucrative Strategies To Help Companies Strengthen Their Position In The Market
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Contact Person: Sameer Joshi
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.
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