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Global Diabetic Foot Ulcer (DFU) Treatment Market Expected To Expand At 8.1% CAGR During 2020–2026

October 22nd, 2020 Zion Market Research Releases

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

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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.

Global Diabetic Foot Ulcer (DFU) Treatment Market

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.

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The global diabetic foot ulcer (DFU) treatment market is segmented as follows:

By Treatment Type

  • Wound Care Dressings
  • Alginate Dressings
  • Hydrofiber Dressings
  • Foam Dressings
  • Film Dressing
  • Hydrocolloid Dressings
  • Surgical Dressings
  • Hydrogel Dressings
    • Biologics
      • Growth Factors
      • Skin Grafts
    • Therapy Devices
      • Negative Pressure Wound Therapy
      • Ultrasound Therapy
    • Antibiotic Medications
    • Others

By Ulcer Type

  • Neuropathic Ulcers
  • Ischemic Ulcers
  • Neuro-ischemic Ulcers

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Make an enquiry of this report @ https://www.zionmarketresearch.com/buynow/su/diabetic-foot-ulcer-treatment-market/news

About Us:

Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.

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