Diabetic foot ulcers are one of the most common concerns of patients who have diabetes mellitus that is not well controlled. It is also one of the common causes of osteomyelitis of the foot.
Diabetic Foot Ulcer Treatment Market: Introduction
- Diabetic foot ulcers are one of the most common concerns of patients who have diabetes mellitus that is not well controlled. It is also one of the common causes of osteomyelitis of the foot. Areas of the foot that experience repetitive trauma and pressure sensations are the most commonly affected parts for ulcers.
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- Diabetic foot ulcers affect more patients than any other diabetic complications worldwide. A significant percentage of leg amputation occurs in diabetic patients across the world and hence, the demand for efficient medication and treatment to address this issue is on the rise.
- The common organisms witnessed in a diabetic foot ulcer are Staphylococcus aureus, Streptococcus, Pseudomonas aeruginosa, and rarely E. coli. Diabetes patients have a higher carriage rate of Staphylococcus aureus in the nares and skin, and this increases the chances of infection of the ulcer.
- Diabetic ulcers are becoming more common due to a rise in the incidence of both type- I and maturity-onset diabetes in developed economies worldwide. Thus, an increase in the incidence of diabetic foot ulcers is expected to drive the diabetic foot ulcers treatment market in the next few years.
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Key Drivers and Opportunities of Diabetic Foot Ulcer Treatment Market
- An increase in the occurrence of chronic diseases, such as diabetes, cancer, and HIV, is fueling the risk of diabetic foot ulcers among the diabetic population and boosting hospital stays as well
- Consistent increase in obesity and peripheral artery diseases among developed and developing countries leads to decreased mobility and increased risk of acquiring chronic ulcers
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- The wound care dressings segment is anticipated to hold a major share of the market during the forecast period. An increase in the 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.
- A significant increase in the new treatments and advanced technology in diabetic foot ulcers treatment has been witnessed, which in turn is expected to play an essential role in improving treatments for diabetic foot ulcers in the near future. The future for topical oxygen therapy looks promising owing to additional research being carried out to determine the effectiveness of topical oxygen therapy to manage and heal diabetic foot ulcers.
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North America to Dominate Diabetic Foot Ulcer Treatment Market
- Rise in number of diabetic patients and adequate healthcare facilities in North America is a key factor attributed to the domination of the region in the global market. An increase in government initiatives and funding for R&D sectors is a major factor driving the market in the region.
- According to the U.S. Census Board, in 2010, people older than the age of 65 represented around 15% of the total population of the U.S. This number is expected to increase by about 25% by 2030. The geriatric population is highly susceptible to chronic diseases as well as developing different types of ulcers. This scenario is expected to drive the diabetic foot ulcers treatment market in the next few years.
- Europe is expected to hold the second-largest share of the global market, followed by the Asia Pacific. The market in Asia Pacific is estimated to expand at a notable CAGR during the forecast period. Increasing prevalence of diabetes and a large geriatric population base in both India and China are fueling the market in the region.
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Key Players Operating in Diabetic Foot Ulcer Treatment Market
- Key players operating in the global diabetic foot ulcers treatment market have been profiled based on attributes such as company overview, product portfolio, financial overview, recent developments, and competitive business strategies
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