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Geriatric Population's Influence On The Growth Of The Diabetic Foot Ulcer Market Emerges as a Core Driver of the Diabetic Foot Ulcer Market in 2025
Diabetic Foot Ulcer
What Is the Expected CAGR for the Diabetic Foot Ulcer Market Through 2025?
In recent times, the diabetic foot ulcer market has experienced notable growth. It's projected to expand from $5.84 billion in 2024 to $6.32 billion in 2025, showing a compound annual growth rate (CAGR) of 8.1%. This substantial growth during the historic period is a result of factors such as an increase in diabetes cases, an aging demographic, advancements in wound care technologies, and better access to and awareness of healthcare services.
What's the Projected Size of the Global Diabetic Foot Ulcer Market by 2029?
In the coming years, the diabetic foot ulcer market is predicted to observe substantial growth, with its worth projected to reach $8.41 billion by 2029, expanding at a Compound Annual Growth Rate (CAGR) of 7.4%. Several factors such as personalized medication, telemedicine and remote tracking, the growth of emerging markets, and advanced biomaterials are contributing to this growth for the forecast period. Likely trends during the forecast period include digital health solutions, patient-centric healthcare, cooperative care patterns, and preventative care and education.
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Top Growth Drivers in the Diabetic Foot Ulcer Industry: What's Accelerating the Market?
The growth of the diabetic foot ulcer market is being driven forward by an increasing geriatric population. Those who are considered a part of the geriatric population are commonly aged 65 and older. Diabetic foot ulcers are a prevalent issue among this age group. Since diabetes, neuropathy, compromised circulation, and slower healing processes are common conditions in older adults, they are at an elevated risk for foot ulcers. As per the data shared by the World Health Organization in October 2022, by 2030, 1 in 6 individuals globally will be over the age of 60 and by 2050, this segment of the population will double, totaling approximately 2.1 billion. Thus, the growth of the diabetic foot ulcer market is being fueled by this increase in the geriatric population. An increase in the utilization of telehealth is also a significant factor propelling the diabetic foot ulcer market. Telehealth, which encompasses the provision and support of health and health-related services via telecommunications technology, has significant application when it comes to monitoring and providing follow-up care for diabetic foot ulcers. For instance, a study by the Michigan Population Studies Center in December 2022 indicated a 5.59% increase in older individuals utilizing telehealth for email and portal messages, and a 19.99% increase for video chats with healthcare professionals. As such, the growth of the diabetic foot ulcer market is further driven by this surge in telehealth usage.
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What Trends Will Shape the Diabetic Foot Ulcer Market Through 2029 and Beyond?
Leading corporations in the diabetic foot ulcer market are concentrating on producing new products to cater to the requirements of their current consumers. Cutting-edge devices like Theruptor Novo are designed to enhance the results for people with diabetic foot ulcers, improving wound care, surveillance, and overall foot health. For example, Healthium Medtech Limited, a medical devices company based in India, introduced Theruptor Novo, a pioneering device for managing diabetic foot ulcers (DFUs), in October 2022. It's a non-invasive, minimally invasive instrument that utilizes concentrated ultrasound to establish microchannels in the skin and tissue around the ulcer. These micro-channels enable the transport of oxygen and nutrients to the ulcer, which may aid in the healing process. Moreover, it holds the potential to assist patients in healing their ulcers and preventing amputation.
What Are the Main Segments in the Diabetic Foot Ulcer Market?
The diabetic foot ulcer market covered in this report is segmented -
1) By Type: Advanced Wound Care Dressings, Biologics, Therapy Device
2) By Ulcer Type: Neuropathic Ulcers, Ischemic Ulcers, Neuro-ischemic Ulcers
3) By End-User: Hospitals, Ambulatory Surgery Centers, Home Care
Subsegments:
1) By Advanced Wound Care Dressings: Foam Dressings, Hydrocolloid Dressings, Alginate Dressings, Transparent Film Dressings, Antimicrobial Dressings
2) By Biologics: Skin Substitutes, Growth Factors, Human Tissue Allografts
3) By Therapy Device: Negative Pressure Wound Therapy Devices, Electrical Stimulation Devices, Hyperbaric Oxygen Therapy Devices
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Which Top Companies are Driving Growth in the Diabetic Foot Ulcer Market?
Major companies operating 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, B. Braun Melsungen AG, Nitto Denko Corporation, Smith and Nephew PLC, Human Biosciences Inc., Derma Sciences Inc., Convatec Inc., Molnlycke Health Care AB., Integra LifeSciences Corporation, Lohmann And Rauscher International GmbH and Co. KG, Acelity L.P. Inc., Pliant Therapeutics Inc., MiMedx Group, BSN Medical GMBH, Osiris Therapeutics Inc., Advanced Medical Solutions Group PLC, Organogenesis Inc., Healiance Inc., Misonix Inc., MediWound Ltd., Tissue Regenix Group Limited, Systagenix Wound Management Limited, Healios KK.
Which Regions Will Dominate the Diabetic Foot Ulcer Market Through 2029?
North America was the largest region in the diabetic foot ulcer market in 2024. The regions covered in diabetic foot ulcer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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