Diabetic Ulcer Treatment Market size is expected to reach USD 7.5 billion by 2030 at CAGR of 8.5% during the forecast period 2022-2030. The large healthcare expenditure of nations in Europe, Americas, and other developing countries can drive the diabetic ulcer treatment market growth exponentially. Rising number of diabetics has driven the need for diabetic ulcer treatment. According to the American College of Physicians, diabetic foot ulcers statistics accounted to 6.3% cases annually. Standards outlined by healthcare organizations for getting annual foot exams annually can work in favor of the diabetic ulcer treatment market.
Diabetic ulcers are open wounds that appear in diabetics at the bottom of their foot. It is most commonly found in older men. Treatment of ulcers and amputations caused by these cost massive hospitalization fees and has triggered the need for effective therapies and methods. The global diabetic ulcer treatment market report by Market Research Future (MRFR) looks at amputations and neurological indications of these ulcers and predicts the future of their treatments for the period of 2022-2030.
Technological developments in wound care products and its subsequent adoption in healthcare organizations can fuel the diabetic ulcer treatment market growth. Removal of dead tissues, control of blood sugar levels, and hyperbaric surgery are few treatment options for diabetic ulcers.
Diabetic Ulcer Treatment Market Competitive Outlook
Cardinal Health, Integra LifeSciences Corporation, ACELITY L.P. INC., Essity Aktiebolag, Smith & Nephew PLC, Organogenesis Inc., Mölnlycke Health Care AB, Braun Melsungen AG, SANUWAVE Health, Inc., ConvaTec Group PLC, and 3M are some of the profiled in the global diabetic ulcer treatment market players. Mergers, new product launches, and acquisitions are prime strategies of the players in the market. Recently, Organogenesis Holdings Pvt Ltd. has launched biomaterials in an effort to expand its wound dressing product line and to appeal to patient demand. Clinical trials are also being conducted to test the efficacy and performance of treatments.
Diabetic Ulcer Treatment Market Segmentation
The Global Diabetic ulcer treatment market has been segmented by type, treatment, and end-user.
By type, Diabetic Ulcer Treatment Market has been divided into foot ulcer and mouth ulcer. The foot ulcer segment accounted for a large share of the global market. The primary factor driving the segment growth is the complications arising due to diabetes mellitus and the large pool of patients. Use of wound dressings and biologics for lowering the rate of amputations and successful treatment of DFU can drive the diabetic foot ulcer market during the forecast period.
By treatment, the diabetic ulcer treatment market is segmented into active therapies, wound care dressings, diabetic foot ulcer treatment products and wound care devices. Wound dressing held the largest share of the market due to the large number of diabetics.
By end-user, the diabetic ulcer treatment market is segmented into academic and research organizations, hospitals and clinics, and ambulatory surgical centers. Hospitals and clinics accounted for the largest market share due to awareness campaigns by governments and favorable reimbursement schemes. Launch of mobile applications for creating awareness among the masses has successfully driven patients towards hospitals and clinics for diabetic ulcer treatment.
Diabetic Ulcer Treatment Market Regional Analysis
Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and Americas are regions covered with respect to the global diabetic ulcer treatment market.
The Americas can spur the demand for diabetic ulcer treatment due to the large number of cases of diabetics. According to the American Podiatric Medical Association, close to 14-24% of Americans with diabetic foot ulcers have undergone amputations. The high potential of the combination of debridement and continuous diffusion of oxygen (CDO) has seen successful outcomes in treatment of diabetic foot ulcers (DFU).
APAC can display a robust growth rate during the forecast period owing to a large patient pool and the developing healthcare sector in India and China.
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