Diabetic Foot Ulcers Market Size Share Analysis 2022-2029

The Diabetic Foot Ulcers Market is expected to grow at a CAGR of 12.4% during the forecast period 2022-2029. North America region has the highest market share in the Diabetic Foot Ulcers Market, and it is further continuing its dominance during the forecast period.

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Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also report contains a number of major companies profiled in the relevant market.

Market Drivers:

The rising commonness of persistent diabetes, quickly developing geriatric populace around the world, and progressions in research. Bakker et al. state that, it is assessed that around 15% surprisingly with diabetes are impacted by foot ulcers during their lifetime, and 1 out of 4 individuals with diabetes foster something like one ulcer. One leg is amputated due to diabetes every 30 seconds. This is mostly because diabetics are more likely to get bruises and ulcers on their feet and other parts.

There has been a steady rise in the elderly population in both developed and developing nations, as well as an increase in obesity and peripheral artery diseases. Both of these factors contribute to restricted mobility and an increased likelihood of developing chronic ulcers. In 2018, the Centers for Disease Control and Prevention (CDC) estimated that foot ulcers were the cause of approximately 20% of diabetic hospitalizations, with 72% of those patients being over the age of 60. As a result, elderly people are particularly vulnerable to developing pressure-based ulcers and bruises, which has led to alarming rates of hospitalization. The demand for the right medications is rising as people become more aware of the need to treat these disorders.

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Market Segmentation:

By Product Type:
• Wound Care Dressing
• Biologics
• Others

By Ulcer Type:
• Neuropathic Ulcers
• Neuro-Ischemic Ulcers

By End User:
• Hospitals, Clinics
• Ambulatory Surgical Center
• Homecare Setting

Geographical Classification:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Major Companies Listed:

Orpyx Medical Technologies Inc, Smith & Nephew, Tissue Regenix, Coloplast Corp, B. Braun Melsungen AG, 3M, Cardinal Health., ConvaTec Group Plc, Mölnlycke Health Care AB, Huizhou Foryou Medical Devices Co., Ltd., Wuhan Huawei Technology Co., Ltd., Changzhou Recoo Healthcare Co., Ltd. among others.

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This release was published on openPR.