07-Sep-2020 | Zion Market Research
As per the researchers at Zion Market Research, the valuation of the global diabetic foot ulcer (DFU) treatment market was at about USD 4.10 billion in 2019 and is projected to grow at a CAGR of about 8.1% during the forecast period. A few leading players actively participating in the global diabetic foot ulcer (DFU) treatment market are Medtronic Plc.; Acelity L.P. Inc.; ConvaTec, Inc.; Organogenesis; Coloplast A/S; 3M Healthcare; B. Braun Melsungen AG; Smith & Nephew Plc.; Molnlycke Health Care AB; Inc.; Medline Industries, Inc.; and BSN Medical GMBH. The market contenders spotlight on collaborations, new treatment planning, strategic planning, and research activities to attain constructive growth. At present, Coloplast, Smith & Nephew, Acelity, 3M Healthcare, and CovanTec are ruling the market, backed by good sales of their therapeutic solutions for the diabetic foot ulcer treatment.
Rising Incidence Of Diabetes Likely To Propel The Demand For Diabetic Foot Ulcer Treatment
Increasing incidence of diabetes and the rapidly growing elderly population across the globe are the key factors that are projected to drive the growth of the diabetic foot ulcer (DFU) treatment market. However, the elevated price of ulcer management is expected to obstruct the growth of the market. Nevertheless, several underdeveloped and developing nations reveal a dearth of healthcare facilities, consequently restricting market expansion. Nonetheless, implementation of novel therapeutics, sustained prioritization to shun amputations & surgeries, and improved biologics are projected to offer noteworthy prospects for the growth of the diabetic foot ulcer (DFU) treatment market during the forecast period.
Biologics Segment, Based On Treatment, To Witness Substantial Growth In Coming Period
The global diabetic foot ulcer (DFU) treatment market, based on treatment, has been divided into biologics, wound care dressings, antibiotic medications, therapy devices, and others. Among these, the market is ruled by biologics, trailed by wound care dressings in 2018. Further, the biologics segment is anticipated to witness a greater growth rate during the forecast period.
North America Anticipated To Dominate The Global Market During Forecast Period
In 2018, the global diabetic foot ulcer (DFU) treatment market was ruled by North America. The growth of this region can be attributed to the increasing pool of diabetic patients and sufficient healthcare facilities in this region. Also, extended approval cycles and R&D are needed because of the capital-intensive nature of this region, which functions as a barrier to the expansion of the regional market. Nevertheless, the increasing implementation of innovative wound care devices and biologics for the treatment of the diabetic foot ulcers will assist North America to maintain its market supremacy during the forecast period. The second-biggest share in the global market is held by Europe, trailed by Asia Pacific. Asia Pacific will witness the maximum CAGR owing to the rising commonness of diabetes and a huge elderly population base in China and India, thus boosting the regional market growth.
Browse the full “Global Diabetic Foot Ulcer (DFU) Treatment Market - By Ulcer Type (Neuro-Ischemic, Ischemic, And Neuropathic), By Treatment (Wound Care Dressings, Biologics, Antibiotic Medications, Therapy Devices, And Others), And By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/diabetic-foot-ulcer-treatment-market
The global diabetic foot ulcer (DFU) treatment market is segmented as follows:
By Treatment Type
By Ulcer Type
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