Diabetic Foot Ulcer Market Trends, Size, Segment and Growth by Forecast to 2030

The diabetic foot ulcer market size is expected to grow from US$ 7,470.60 million in 2022 and to reach a value of US$ 12,242.77 million by 2030; it is anticipated to record a CAGR of 6.4% from 2022 to 2030.

Market Insights and Analyst View:

Diabetic foot ulcer is a type of chronic wound that often leads to complications and challenges surgeons to manage such injuries. Diabetic foot ulcer leads to full thickness skin loss on the foot due to neuropathic and/or vascular complications in patients with type 1 or type 2 diabetes mellitus. Diabetic patient who uses insulin are at a higher risk of developing a foot ulcer. Key factors driving the diabetic foot ulcer market growth include high prevalence of diabetes and related chronic wounds and surge in geriatric population. However, the high cost of wound management hinders the market growth.

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Key Players Analysis:

• Convatec Group Plc
• 3M Co
• Coloplast AS
• Smith & Nephew Plc
• B. Braun SE
• Molnlycke Health Care AB
• MiMedx Group Inc
• URGO MEDICAL Australia Pty Ltd
• Medline Industries LP

The cost of diabetic foot ulcer treatment is also high in Asia Pacific countries such as India, China, and South Korea. According to a study published in 2022 by Elsevier, the cost of diabetic foot ulcer treatment is ~US$ 21,372/patient in China covering amputations, hospitalizations and medical treatments. Similarly, in India, the cost is around ~US$ 19,599/patient including antibiotics, neuropathic drugs, dressings, collagen scaffolds, growth factors, negative pressure wound therapy, and surgery. Thus, the high cost of advanced wound care treatments, despite the availability of reimbursements, is a key factor restraining the diabetic foot ulcer market growth globally.

Report Segmentation and Scope:

The "Global Diabetic Foot Ulcer Market" is segmented on the basis of ulcer type, treatment type, infection severity, and end user. The global diabetic foot ulcer market, by treatment type, is segmented into advanced wound care dressings, biologics, and therapy device. Based on ulcer type, the market is segmented into neuropathic ulcers, ischemic ulcers, neuro-ischemic ulcers. The global diabetic foot ulcer market, by infection severity, is segmented into moderate, mild, and severe. The global diabetic foot ulcer market, by end user, is segmented into ambulatory surgical centers, hospitals, and home care.

The diabetic foot ulcer market, based on geography, is segmented into North America (the US, Canada, and Mexico), Europe (Germany, France, Italy, the UK, Russia, and the Rest of Europe), Asia Pacific (Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Segmental Analysis:

The global diabetic foot ulcer market, by ulcer type, is segmented into neuropathic ulcers, ischemic ulcers, neuro-ischemic ulcers. The neuro-ischemic ulcers segment held the largest market share in 2022 and is anticipated to register the highest CAGR from 2022 to 2030. Neuro-ischemia predominately leads to the development of ulcers on the foot, toes, and dorsum margins, especially on pressure sites occurring among people using poorly fitting shoes. The management of such types of wounds is comparatively complex. The wound requires prompt care, appropriate footwear, offloading, dressings, and infection treatment. Neuro-ischemic ulcers are the most common diabetic foot ulcers (DFUs).

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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Diabetic Foot Ulcer Market based on various segments. It also provides market size and forecast with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Diabetic Foot Ulcer Market by each region is later sub-segmented by respective countries and segments.

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This release was published on openPR.