Diabetic Foot Ulcers and Pressure Ulcers Market Report

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.

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What are diabetic foot ulcers and pressure ulcers?

Diabetic foot and pressure ulcers are primarily chronic wounds which similar pathogeneses. Diabetic foot ulcers are a 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

The following are some of the major 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 market is driven by a host of factors, some of which are noted below:

• Expanding geriatric population, which is commonly prone to increasing pressure-based ulcers & bruises.
• Also, with growing awareness among the people to treat these issues.
• Surging demand for common medications is being felt.
• Moreover, growing complications regarding diabetes mellitus have bolstered the surge in concerns over preventing surgeries and amputation.

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Segment Analysis

Treatment Trends

The 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 & is expected to remain dominant during the forecast period.

his is mainly attributed to a rise in post-treatment infection complications as well as a stronger obligation for reduced hospital stays.

Regional Insight

North America accounted for the highest share in 2020 and is expected to grow at a robust CAGR during the forecast period.

The market growth is mainly attributed to the expanding elderly population and the surge in the number of surgical procedures in the region. Also, the rising prevalence of diabetes further bolsters regional market growth.

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The Asia Pacific is expected to grow at a healthy CAGR during the review on account of the 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.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories. 

By Treatment

• Wound Care Dressings
• Bio-Actives
• Wound Care Devices

By End-Use

• Hospitals
• Community health centers
• Home healthcare
• Others

By Region

• North America (Country Analysis: The USA, Canada, and Mexico)
• Europe (Country Analysis: Germany, France, The UK, Russia and Rest of Europe)
• Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and Rest of Asia-Pacific
• Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Target Audience

The target audience of markethe t includes-

• Vendors
• Manufacturers
• Distributors
• Organizations
• Government Bodies.

Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to three players)
• SWOT analysis of key players (up to three players)

Competitive Benchmarking

Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

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 to sales@stratviewresearch.com.