Diabetic Foot Ulcer Market Outlook Report 2024-2033 | Size, Trends, Analysis, Insights, Overview

Overview and Scope

Diabetic foot ulcers are open sores or wounds that commonly develop on the feet of individuals with diabetes. These ulcers are a severe and often chronic complication of diabetes, primarily due to the adverse effects of the disease on the circulatory and nervous systems. Diabetes food ulcer treatment is used to enhance blood sugar control and vascular therapies.

 Sizing and Forecast

 The diabetic foot ulcer market size has grown strongly in recent years. It will grow from $5.39 billion in 2023 to $5.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%.  The  growth in the historic period can be attributed to increasing diabetes prevalence, aging population, improvements in wound care technologies, healthcare access and awareness.

The diabetic foot ulcer market size is expected to see strong growth in the next few years. It will grow to $7.77 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.  The growth in the forecast period can be attributed to personalized medicine, telemedicine and remote monitoring, emerging markets expansion, advanced biomaterials. Major trends in the forecast period include digital health solutions, patient-centered care, collaborative care models, preventive care and education.

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Segmentation & Regional Insights

The diabetic foot ulcer market covered in this report is segmented –

1) By Type: Advanced Wound Care Dressings; Biologics; Therapy Device

2) By Ulcer Type: Neuropathic Ulcers; Ischemic Ulcers; Neuro-ischemic Ulcers

3) By End-User: Hospitals; Ambulatory Surgery Centers; Home Care

Top Major Players:
Cardinal Health Inc.
Johnson And Johnson Private Limited
3M Company
Medtronic PLC
Medline Industries Inc

North America was the largest region in the diabetic foot ulcer market in 2023.

 North America was the largest region in the diabetic foot ulcer market in 2023. The regions covered in diabetic foot ulcer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth

The rising geriatric population is expected to propel the growth of the diabetic foot ulcer market going forward. The geriatric population refers to the segment of the elderly or older, typically aged 65 and older. Diabetic foot ulcers are a common and significant concern within the senior population. Elderly individuals with diabetes are particularly susceptible to foot ulcers due to neuropathy, reduced circulation and slower healing processes. For instance, in October 2022, according to reports shared by the World Health Organization, a US-based specialized health agency, globally, 1 in 6 individuals will be 60 or older by 2030 and by 2050, there will be a double amount of individuals in this age group (2.1 billion). Therefore, the rising geriatric population is driving the growth of the diabetic foot ulcer market.

Key Industry Players

 Major players in the diabetic foot ulcer market are  Cardinal Health Inc., Johnson And Johnson Private Limited, 3M Company, Medtronic PLC, Medline Industries Inc., Coloplast A/S, B. Braun Melsungen AG, Nitto Denko Corporation, Smith and Nephew PLC, Human Biosciences Inc., Derma Sciences Inc., Convatec Inc., Molnlycke Health Care AB., Integra LifeSciences Corporation, Lohmann And Rauscher International GmbH and Co. KG, Acelity L.P. Inc., Pliant Therapeutics Inc., MiMedx Group, BSN Medical GMBH, Osiris Therapeutics Inc., Advanced Medical Solutions Group PLC, Organogenesis Inc., Healiance Inc., Misonix Inc., MediWound Ltd., Tissue Regenix Group Limited, Systagenix Wound Management Limited, Healios KK.

The diabetic foot ulcer market report table of contents includes:

1. Executive Summary
2. Diabetic Foot Ulcer Market Characteristics
3. Diabetic Foot Ulcer Market Trends And Strategies
4. Diabetic Foot Ulcer Market – Macro Economic Scenario
5. Global Diabetic Foot Ulcer Market Size and Growth
…..
32. Global Diabetic Foot Ulcer Market Competitive Benchmarking
33. Global Diabetic Foot Ulcer Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Diabetic Foot Ulcer Market
35.Diabetic Foot Ulcer Market Future Outlook and Potential Analysis
36. Appendix

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