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    Diabetic Foot Ulcers And Pressure Ulcers Market Report

    Diabetic Foot Ulcers And Pressure Ulcers Market Report
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    Diabetic Foot Ulcers and Pressure Ulcers Market Size, Share & Forecast Analysis (2021- See more...

    Market Insights

    The Diabetic Foot Ulcers and Pressure Ulcers Market is estimated to grow from USD 3.6 billion in 2020 to USD 5.0 billion by 2026 at a healthy CAGR of 5.7% during the forecast period.

    Diabetic Foot Ulcers and Pressure Ulcers Market- Research Scope

    Base Year of Study

    2020

    Trend Period

    2015-2019

    Forecast Period

    2021-2026

    Market Size in 2020

    US$ 3.6 billion

    Market Size in 2026

    US$ 5.0 billion

    Market Growth (2021-2026)

    5.7% CAGR

     

    Figure: Diabetic Foot Ulcers and Pressure Ulcers Market Size, 2020-2026 (USD Billion)

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    What is Diabetic Foot Ulcers and Pressure Ulcers?

    Diabetic foot and pressure ulcers are primarily chronic wounds which similar pathogeneses. Diabetic foot ulcers are common issue of poorly controlled diabetes, which forms as a result of skin tissue breaking down and exposing the layers below. It is generally located on the bottom of the foot. The prime causes of diabetic ulcers are nerve damage, high blood sugar, and irritated or wounded feet.

    Covid-19 Impact Analysis

    The outbreak of COVID-19 moderately affected the diabetic foot ulcers and pressure ulcers industry. Increasing frequency of diabetes in COVID-19 patients as well as growing complications of foot ulceration, the diabetic foot ulcers & pressure ulcers industry witness a significant boom. The significant reduction in hospitalizations to tend to diabetic foot problems as well as their potential complications paved the way for the higher need for appropriate treatment to the infected patients in the safety of their homes.

    Key Players

    Key players operating in the global Diabetic Foot Ulcers and Pressure Ulcers Market are-

    • 3M Healthcare (US)
    • Coloplast A/S (Denmark)
    • Medtronic Plc. (Ireland)
    • Smith & Nephew Plc. (UK)
    • Organogenesis, Inc. (US)
    • B. Braun Melsungen AG (Germany)
    • ConvaTec, Inc. (UK)
    • BSN Medical GMBH (Germany)
    • Molnlycke Health Care AB (Sweden)
    • Acelity L.P. Inc. (US)

    Market Dynamics

    The Diabetic Foot Ulcers and Pressure Ulcers market is primarily propelled by expanding geriatric population, which are commonly prone towards increasing pressure-based ulcers & bruises. Also, growing awareness among the people to treat these issues, a surging demand for common medications is being felt, which boosts the market growth. Moreover, growing complications regarding diabetes mellitus have bolstered the surge in concerns over preventing surgeries and amputation, thus bolstering the industry growth.

    Segments Analysis

    Treatment Trends

    Based on treatment, the diabetic foot ulcers and pressure ulcers market has been classified into wound care dressings, bio-actives, and wound care devices. The wound care devices segment accounted for the largest market share in 2020. This is mainly attributed to a rise in post-treatment infection complications as well as stronger obligation for reduced hospital stays.

    Regional Trends

    By region, the North America Diabetic Foot Ulcers and Pressure Ulcers market accounted the highest share in 2020 and is expected to grow at a robust CAGR during the review period. The Diabetic Foot Ulcers and Pressure Ulcers market growth is mainly attributed to the expanding elderly population and surge in the number of surgical procedures in the region. Also, the rising prevalence of diabetes further bolsters the regional market growth.

    The Asia Pacific Diabetic Foot Ulcers and Pressure Ulcers market is expected to grow at a healthy CAGR during the review on account of rising incidence of diabetes as well as a large geriatric population base in both India & China are bolstering the regional market growth. This is attributed to surging adoption & favorable legislation in developed countries such as Japan and Australia.

    Critical Questions Answered in the Report

    This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global diabetic foot ulcers and pressure ulcers market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026. Following are the critical questions answered in the report.

    • What are the key trends in the global diabetic foot ulcers and pressure ulcers market?
    • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
    • What is the impact of COVID-19 on global diabetic foot ulcers and pressure ulcers market?
    • What are the key strategies adopted by the major vendors to lead in the global diabetic foot ulcers and pressure ulcers market?
    • What is the market share of the top vendors?

    Target Audience

    The target audience of Diabetic Foot Ulcers and Pressure Ulcers Market includes-

    • Diabetic Foot Ulcers and Pressure Ulcers Vendors
    • Diabetic Foot Ulcers and Pressure Ulcers Manufacturers
    • Diabetic Foot Ulcers and Pressure Ulcers Distributors
    • Organizations
    • Government Bodies.

    Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.

    Frequently Asked Questions (FAQs)

    Key players operating in the global Diabetic Foot Ulcers and Pressure Ulcers Market are- 3M Healthcare (US), Coloplast A/S (Denmark), Medtronic Plc. (Ireland), Smith & Nephew Plc. (UK), Organogenesis, Inc. (US), B. Braun Melsungen AG (Germany), ConvaTec, Inc. (UK), BSN Medical GMBH (Germany), Molnlycke Health Care AB (Sweden), Acelity L.P. Inc. (US).

    The Diabetic Foot Ulcers and Pressure Ulcers market is primarily propelled by expanding geriatric population, which are commonly prone towards increasing pressure-based ulcers & bruises.

    North America Diabetic Foot Ulcers and Pressure Ulcers market accounted the highest share in 2020 and is expected to grow at a robust CAGR during the review period.

    The Global Diabetic Foot Ulcers and Pressure Ulcers Market is estimated to grow from USD 3.6 billion in 2020 to USD 5.0 billion by 2026 at a healthy CAGR of 5.7% during the forecast period.

    The target audience of Diabetic Foot Ulcers and Pressure Ulcers Market includes- Diabetic Foot Ulcers and Pressure Ulcers Vendors, Diabetic Foot Ulcers and Pressure Ulcers Manufacturers, Diabetic Foot Ulcers and Pressure Ulcers Distributors, Organizations, Government Bodies.