Diabetic Foot Ulcers Treatment Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

Global diabetic foot ulcers treatment market size surpassed at US$ 5.2 Bn in 2020 and is expected to reach value of US$ 9.8 Bn by 2028, growing at a CAGR of 7.8% from 2019 to 2028.

The growth can be largely attributed to the rising number of diabetic cases in both developed as well as developing regions. Furthermore, a significant increase in the number of amputations due to diabetic foot ulcers is expected to accelerate the demand for effective diabetic foot ulcers treatment during the forecast period. Research and development activities will play a pivotal role in the development of new wound care devices and lead to advancements in diabetic foot ulcers treatment, thus driving the diabetic foot ulcers treatment market.

Diabetic foot ulcers are a major complication arising out of diabetes mellitus. Various factors are responsible for this type of chronic wound, such as peripheral neuropathy, and peripheral artery diseases. Chronic wounds have created a significant socioeconomic impact. Chronic wounds generally take longer time to heal and require advanced wound care therapies. Diabetic ulcers are becoming more common due to increased incidence of both type I and maturity-onset diabetes in the developed economies across the world. Thus, increase in prevalence of diabetic foot ulcer is expected to drive the diabetic foot ulcers treatment market in the next few years.

North America, Europe, and Asia Pacific were major markets for diabetic foot ulcers treatment in 2020. Global diabetic foot ulcers treatment market in Asia Pacific is projected to expand at a high CAGR of 8.2% during the forecast period.

Rise in Prevalence of Chronic Disease to Drive Market

High growth rate of the diabetic foot ulcers treatment market during the forecast period can be attributed to rise in prevalence of chronic diseases such as diabetes, cancer, HIV, and other diseases leading to increased risk of diabetic foot ulcers among the diabetic population; and longer hospital stays due to treatment of these diseases resulting in risk of hospital-acquired pressure ulcers and medical devices-acquired pressure ulcers. A constant increase in geriatric population among developed and developing countries has been observed, along with rise in obesity and peripheral artery diseases, which leads to decreased mobility and increased risk of acquiring chronic ulcers

Wound Care Dressings to be Preferred Treatment Type

In terms of treatment type, the diabetic foot ulcers treatment market has been segmented into wound care dressings, wound care devices, active therapies, and others. The wound care dressings segment is anticipated to hold major share of the market during the forecast period. Increase in incidence of peripheral vascular as well sugar related diseases, and other chronic diseases leading to rising risk of hospital acquired pressure ulcers is expected to drive the segment during the forecast period

Grade 1 Ulcers to Dominate Global Market

In term of grade, the diabetic foot ulcers treatment market has been segmented into grade 1, grade 2, grade 3, grade 4, and grade 5. The grade 1 segment is expected to dominate the market during the forecast period.

Rise in Prevalence of Neuropathic Ulcers to Fuel Market Growth

In terms of type of ulcer, the diabetic foot ulcers treatment market has been segmented into neuropathic ulcers and ischemic ulcers. The neuropathic ulcers segment is expected to dominate the market from 2019 to 2028.

Hospital Inpatient Settings to be Key End User

In terms of end user, the diabetic foot ulcers treatment market has been categorized into hospital inpatient settings, hospital outpatient settings, community health centers, and home healthcare. In terms of end user, the hospital inpatient settings segment is expected to drive the market. Reasons for growth of the segment include the demand for acute care for the treatment of chronic wounds and rise in incidence of diabetic foot ulcers and pressure ulcers around the world. However, lack of hospital inpatient facilities and availability of limited resources have led to emergence of community health centers and home healthcare facilities for wound care. This is expected to drive community health centers and home healthcare segments during the forecast period.

New Wound Care Devices Offer Better Outcome in Patients Suffering from Diabetic Foot Ulcers

Wound care is expected to remain the focal point of research and development activities related to diabetic foot ulcers treatment. With the common objective of reducing the number of amputations caused by diabetic foot ulcers, stakeholders in the current diabetic foot ulcers treatment market are currently working on developing new wound care devices.

For instance, Edixomed launched a new wound care device that utilizes the properties of nitric oxide to fasten the healing process of diabetic foot ulcers and minimize the number of leg amputations. The recently developed wound care system, the EDX110, healed diabetic foot ulcers at a faster rate in comparison with the traditionally used standard care dressings in the U.K. With the entry of similar innovative products in the diabetic foot ulcers treatment market, diabetic foot ulcers treatment are set to witness significant developments in coming years.

Emergence of New Diabetic Foot Ulcer Treatments

With significant rise in awareness about the catastrophic effects of untreated diabetic foot ulcers, the demand for efficient and highly effective wound healing treatments is witnessing considerable growth. Stakeholders in the diabetic foot ulcers treatment market are continually investing resources to develop new treatments leveraging advanced technologies. Furthermore, significant rise in the number of leg amputations due to diabetic foot ulcers has played a key role in accelerating research for new treatments. In recent years, topical oxygen therapy has garnered significant popularity and is set to gain notable traction, owing to its exceptional wound healing capabilities. With additional research being carried out to determine the effectiveness of topical oxygen therapy to manage and heal diabetic foot ulcers, the future for topic oxygen therapy looks promising.

Efficacy of Existing Treatment under Scrutiny

Despite steady progress made in terms of the detection of diabetes, prevention of diabetic foot ulcers continues to be a major challenge– a factor contributing to the rising prevalence of diabetic foot ulcers worldwide. Moreover, despite a significant understanding of various risk factors linked with the development of ulceration, there is little clarity with regard to which factor has the highest impact. In recent decades, an array of dressings and diabetic foot ulcers treatments were formulated to fasten the healing process. However, based on the evidence available from various studies conducted to evaluate the efficacy of existing diabetic foot ulcers treatments, healthcare experts are increasingly finding it difficult to recommend a treatment or a type of dressing.

In recent years, within the diabetic foot ulcers treatment market, the use of antibiotics to treat infections and revascularization for peripheral artery disease (PAD) has gained significant acceptance and the trend is set to continue during the forecast period (2019-2027). Traditional wound care products in the diabetic foot ulcers treatment market will continue to gain preference over pressure relief devices during the assessment period, owing to major improvements in their ability to fast track the healing process.

Regional Outlook

  • In terms of region, the global diabetic foot ulcers treatment market has been divided into North America (the U.S. and Canada), Europe (the U.K., Germany, Spain, Italy, France, and Rest of Europe), Asia Pacific (China, India, Japan, Australia and New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Middle East & Africa (GCC, South Africa, Israel, and Rest of Middle East & Africa). Each region considered in the market has been further divided into countries/sub-regions.
  • The diabetic foot ulcers treatment market report provides size and forecast for each region and country/sub-region from 2017 to 2028. CAGRs for each of these regions and countries have also been provided for the forecast period from 2021 t2028. The diabetic foot ulcers treatment market study also covers the competitive scenario in these regions. 

Major players having presence in the global diabetic foot ulcers treatment market include

  • 3M Healthcare
  • Smith & Nephew Plc.
  • Acelity L.P. Inc.
  • ConvaTec, Inc.
  • Molnlycke Health Care AB
  • Coloplast A/S
  • Medtronic Plc
  • B. Braun Melsungen AG
  • Organogenesis, Inc.
  • Medline Industries, Inc.,
  • BSN Medical GMBH

Market Segmentation

By Treatment Type

  • Wound Care Dressing
    • Antimicrobial Dressings
    • Foam Dressings
    • Film Dressings
    • Alginate Dressings
    • Hydrogel Dressings
    • Other Dressings
  • Wound Care Devices
    • NPWT [Negative Pressure Wound Therapy]
    • Electromagnetic Devices
    • HBOT & Electromagnetic Therapy
  • Active Therapies        
    • Skin Grafts & Substitutes
    • Growth Factors
    • Hemostatic Agents & Sealants
  • Others
    • Pressure Relief Devices
    • Traditional Wound Care Products
    • Others

By Grade

  • Grade 1
  • Grade 2
  • Grade 3
  • Grade 4
  • Grade 5

By Type of Ulcer

  • Neuropathic Ulcers
  • Ischemic Ulcers

By End User

  • Hospital Inpatient Settings
  • Hospital Outpatient Settings
  • Community Health Centers
  • Home Health Care

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Israel
    • Rest of MEA

 

Report Scope

The Diabetic foot ulcers treatment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Diabetic foot ulcers treatment market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Diabetic foot ulcers treatment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Diabetic foot ulcers treatment market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Diabetic foot ulcers treatment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Diabetic foot ulcers treatment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Diabetic foot ulcers treatment by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Diabetic foot ulcers treatment market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Diabetic foot ulcers treatment market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Diabetic foot ulcers treatment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Diabetic foot ulcers treatment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Diabetic foot ulcers treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Diabetic foot ulcers treatment market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Diabetic foot ulcers treatment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Diabetic foot ulcers treatment market. These factors have benefited the growth of the global market for Diabetic foot ulcers treatment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Diabetic foot ulcers treatment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Diabetic foot ulcers treatment are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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