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Diabetic Foot Ulcer Global Market 2024 - By Industry Analysis, Trends, Future Growth, Business Opportunities And Forecast To 2033
Diabetic Foot Ulcer Market
The Business Research Company's Diabetic Foot Ulcer Global Market Report 2023 identifies rising geriatric population as the major driver for the Diabetic Foot Ulcer market's growth in the forecast period. The geriatric population refers to the segment of the elderly or older, typically aged 65 and older. Diabetic foot ulcers are a common and significant concern within the senior population. Elderly individuals with diabetes are particularly susceptible to foot ulcers due to neuropathy, reduced circulation and slower healing processes.
The diabetic foot ulcer market size has grown strongly in recent years. It will grow from $5.39 billion in 2023 to $5.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increasing diabetes prevalence, aging population, improvements in wound care technologies, healthcare access and awareness. The diabetic foot ulcer market size is expected to see strong growth in the next few years. It will grow to $7.77 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
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Major competitors in the Diabetic Foot Ulcer market are Cardinal Health Inc., Johnson And Johnson Private Limited, 3M Company, Medtronic PLC, Medline Industries Inc., Coloplast A/S.
A key trend in the Diabetic Foot Ulcer market includes increasing adoption of telehealth. Telehealth refers to the delivery and facilitation of health and health-related services remotely using telecommunications technology. Telehealth services are used in diabetic foot ulcers to monitor the foot ulcer and provide follow-up care. For instance, in December 2022, according to a study on 1,769 older adults by the Michigan Population Studies Center, a US-based research and training center, utilization of telehealth by older individuals increased by 5.59% for email and portal messages and by 19.99% for video chats with healthcare professionals. Therefore, the increasing adoption of telehealth is driving the growth of the diabetic foot ulcer market.
Read More On The Global Diabetic Foot Ulcer Market Report Here:
https://www.thebusinessresearchcompany.com/report/diabetic-foot-ulcer-global-market-report
The Diabetic Foot Ulcer market is segmented -
• 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: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Diabetic Foot Ulcer market.
The Business Research Company's "Global Diabetic Foot Ulcer Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Diabetic Foot Ulcer Market Include:
1. Executive Summary
2. Diabetic Foot Ulcer Market Characteristics
3. Diabetic Foot Ulcer Market Trends And Strategies
4. Diabetic Foot Ulcer Market - Macro Economic Scenario
5. Global Diabetic Foot Ulcer Market Size and Growth
……………………………………………..
32. Global Diabetic Foot Ulcer Market Competitive Benchmarking
33. Global Diabetic Foot Ulcer Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Diabetic Foot Ulcer Market
35. Diabetic Foot Ulcer Market Future Outlook and Potential Analysis
36. Appendix
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