03 August 2020
Visiongain has launched a new pharma report Diabetic Foot Ulcer (DFU) Treatment Market Report 2020-2030: Prospects by Product Type (Advance Wound Dressings, Skin Substitutes, Growth Factors, Negative Pressure Wound Therapy Devices), Ulcer Type (Neuropathic Ulcers, Ischemic Ulcers, Neuro-Ischemic Ulcers), End User (Hospitals, Specialty Clinics, Long Term Care Centers, Ambulatory Surgical Center), and Geography.
The global diabetic foot ulcer (DFU) treatment market is projected to grow at a lucrative CAGR of ~xx% and anticipated to surpass USD xx billion by 2030.
Diabetic Foot Ulcer (DFU) is mainly caused by disorders of the vascular system & neuropathy. The neuropathic problems lead to loss of sensation in legs & foot, thus leading to a disorder known as diabetic neuropathy. Improper circulation of the blood contributes to ulceration. Diabetic foot ulcers are difficult to cure because the wound does not get enough nutrients/oxygen from the blood, thus resulting in the risk of lower limb amputation & therefore needs to be treated to avoid foot amputation along with stopping the growth and spreading ulcers to other parts of the body. The most common cause of diabetic foot ulcers wounded feet, poor circulation nerve damage, & hyperglycemia. The initial symptoms comprise unusual swelling, redness, irritation, & stenches.
The global diabetic foot ulcer market is growing on account of growing diabetes and rapidly growing geriatric population worldwide. Nevertheless, high cost related to disease management is anticipated to impede market growth over the forecast period. There is a lack of healthcare facilities in most emerging and underdeveloped economies which is restraining the market growth. However, the adoption of novel therapeutics improved biologics, technological advancements & continued prioritization to avoid surgeries & amputations are anticipated to offset limitations affecting the global market growth.
Major companies operating in the diabetic foot ulcer treatment industry are launching advanced products to maintain their share in the global market. Over the past few decades, a growing number of manufacturers have focused on developing innovative wound dressings for the treatment of diabetic foot ulcers. It includes new dressings with the potential to impart moisture balance with prolonged action time, extended oxygen permeability, antimicrobial activity, stimulation of growth factor, and the ability to promote autolytic debridement, thereby promoting the cycle of epithelialization process.
North America holds the majority of market share owing to the increasing number of diabetic patients, advance healthcare facilities, the presence of major manufacturers in the region, and growing awareness among people are key factors responsible for regional market growth. Furthermore, increasing usage of novel biologics & wound care tools for treating such ulcers, are leading to North America's regional market dominance.
However, Asia Pacific diabetic foot ulcer treatment market is anticipated to grow with the highest CAGR over the forecast period owing to growing patient pool in emerging economies of China & India, coupled with rising prevalence of diabetes, growing healthcare expenditure, rising disposable income, growing health awareness, and penetration of major global players in the region.
Some of the major players operating in this industry are 3M Healthcare, Acelity L.P. Inc., B. Braun Melsungen AG, Coloplast A/S, ConvaTec, Inc., Medline Industries, Inc., Medtronic Plc., Molnlycke Health Care AB, Organogenesis, Inc., Smith & Nephew Plc, Derma Sciences Inc., Sigvaris Inc., Innocoll Holdings plc., Osiris, BSN Medical GMBH, Thermo fisher, Integra LifeSciences among other prominent players.
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