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Diabetic Wounds Market Report, Size, Share, Growth, Trends, Industry Analysis, Forecast to 2033
Diabetic Wounds Market
The new report published by The Business Research Company, titled Diabetic Wounds Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.
As per the report, the diabetic wounds market size has grown strongly in recent years. It will grow from $2.03 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The diabetic wounds market size is expected to see strong growth in the next few years. It will grow to $2.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
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What Is Driving The Growth Of The Global Diabetic Wounds Market?
Rising Obesity Rates Fuels Growth In The Diabetic Wounds Market
An increase in obesity cases is expected to propel the growth of the diabetic wounds market going forward. Obesity is a health condition where too much body fat is stored, potentially harming one's health. Obesity is becoming more common mainly because people are leading more sedentary lives, spending more time sitting and less time being physically active. Obesity is linked to diabetic wounds because extra body fat can cause insulin resistance, which hinders blood sugar control and slows wound healing. For instance, in May 2023, according to the Office for Health Improvement and Disparities, a UK-based government department, from 2021 to 2022, an estimated 63.8% of adults aged 18 and over in England were overweight or living with obesity, up from 63.3% in 2020 to 2021. Therefore, the increase in obesity cases is driving the growth of the diabetic wound market.
What Is The Key Trend In The Global Diabetic Wounds Market?
Technological Innovations In Diabetic Wound Care Dressing
Major companies operating in the diabetic wounds market are developing 3-D hydrocellular wound dressings to enhance managing and treating diabetic wounds. A 3-D hydrocellular wound dressing features a unique three-dimensional structure that effectively manages moisture and absorbs exudate, promoting an ideal environment for wound healing. For instance, in October 2022, Healthium Medtech, an India-based medical device company, launched Theruptor Novo. It is an innovative wound dressing for chronic wounds, such as diabetic foot ulcers. It employs a patented technology to physically kill microbes, reducing resistance and providing protection for up to 7 days. The dressing's 3-D hydrocellular design also manages moisture effectively, supporting better healing.
How Is The Global Diabetic Wounds Market Segmented?
The diabetic wounds market covered in this report is segmented -
1) By Product Type: Wound Care Dressings, Wound Care Devices, Skin Grafts And Substitutes, Growth Factors, Other Products
2) By Wound Type: Neuropathic Ulcer Wounds, Ischemic Ulcer Wounds, Neuro-Ischemic Ulcer Wounds
3) By End-User: Hospitals, Specialty Clinics, Other End Users
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How Is The Competitive Landscape Of The Global Diabetic Wounds Market?
Major companies operating in the diabetic wounds market are 3M Health Care, Medline Industries Inc., B. Braun Melsungen AG, Smith & Nephew plc, Coloplast A/S, Hartmann Group, ConvaTec Group Plc, Mölnlycke Health Care AB, Integra LifeSciences Holdings Corporation, Hollister Incorporated, Wright Medical Group N.V., Organogenesis Inc., MiMedx Group Inc., LifeNet Health, Biosense Webster Inc., Derma Sciences Inc., Kerecis, DermaRite Industries LLC, MediWound Ltd., Tissue Regenix Group plc, Systagenix Wound Management, XenoTherapeutics, Alliqua BioMedical Inc
Contents Of The Global Diabetic Wounds Market
1. Executive Summary
2. Diabetic Wounds Market Report Structure
3. Diabetic Wounds Market Trends And Strategies
4. Diabetic Wounds Market - Macro Economic Scenario
5. Diabetic Wounds Market Size And Growth
…..
27. Diabetic Wounds Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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