The Diabetic Foot Ulcer Therapeutics Market is all set to be in the driver

Published On : 11/25/2021

The Diabetic Foot Ulcer Therapeutics Market is all set to be in the driver’s seat shortly. Technology adoption once looked upon as a costly endeavor, is slated to witness a drastic transformation in the form of granular applications. Technologies like DevOps and AIOps are constructively disrupting the healthcare IT sector and are expected to create wonders in this regard in the upcoming period.

According to the latest market report published by Persistence Market Research titled ‘Diabetic Foot Ulcer Therapeutics Market: Global Industry Analysis and Forecast (2016-2024)’, the global diabetic foot ulcer therapeutics market is expected to expand at a CAGR of 11.4% during the forecast period 2016–2024.

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Company Profiles 

• B. Braun Melsungen AG
• Smith & Nephew, Inc.
• Organogenesis, Inc.
• Derma Sciences Inc.
• Sigvaris Inc.
• 3M
• Acelity L.P. Inc.
• Innocoll Holdings plc.
• SIGVARIS, Inc.
• Osiris

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Global Diabetic Foot Ulcer Therapeutics Market: Segmental Forecast

The global diabetic foot ulcer therapeutics market is segmented on the basis of product type, ulcer type, end user, and region. On the basis of product type, the market has been segmented into advance wound dressings, skin substitutes, growth factors, and negative pressure wound therapy devices.

By ulcer type, the market has been segmented into neuropathic ulcers, ischemic ulcers, and neuro-ischemic ulcers. On the basis of end user, the market has been segmented into hospitals, specialty clinics, long-term care centers and ambulatory surgical centers.

On the basis of region, the global diabetic foot ulcer therapeutics market has been segmented into five regions namely North America, Latin America, Europe, Asia Pacific and the Middle East & Africa.

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By product type, the growth factors segment dominated the global diabetic foot ulcer therapeutics market in terms of revenue in 2016 and the trend is projected to continue throughout the forecast period. The growth factors segment is the most attractive segment in the global diabetic foot ulcer therapeutics market, recording an attractiveness index of 1.8 and a CAGR of 20.7% over the forecast period.

By ulcer type, the neuro-ischemic ulcers segment is expected to remain the largest segment, registering a significant CAGR of 14.4% in terms of value over the forecast period. The neuropathic ulcers segment is expected to reach a market value in excess of US$ 3,500 Mn by 2024 end, registering a CAGR of 8.6% during 2016 – 2024.

By end user, the hospitals segment is projected to be the fastest growing segment during the forecast period. Revenue from the hospitals segment is anticipated to grow 2.4x by 2024 end as compared to that in 2016. The specialty clinics segment is expected to be the second most lucrative segment in the global diabetic foot ulcer therapeutics market, registering an attractiveness index of 1.3 during the forecast period.

Global Diabetic Foot Ulcer Therapeutics Market: Regional Forecast

By region, the North America diabetic foot ulcer therapeutics market dominated the global diabetic foot ulcer therapeutics market in revenue terms in 2016 and the trend is projected to continue throughout the forecast period.

Revenue from the North America market is anticipated to increase at a CAGR of 10.8% over 2016–2024 to reach a market valuation of more than US$ 3,100 Mn by 2024. The Asia Pacific market is projected to be the second most lucrative market in the global diabetic foot ulcer therapeutics market, with a market attractiveness index of 1.5 during the forecast period.

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