The global diabeticfoot ulcers market was valued $4.48 billion in 2018 and is anticipated to exhibit 11.34% CAGR during 2019 to 2026, reaching $ XX billion by 2026.
Market Drivers The major drivers fueling the growth of the market are rising prevalence of chronic diabetes, rapidly growing geriatric population worldwide and advancements in the field of research.
According to an article by Bakker et al, it is estimated that around 15% of all people with diabetes are affected by foot ulcer during their lifetime and 1 in 4 people with diabetes develop at least one ulcer. For every 30 seconds, one leg is amputated due to diabetes. This is mainly because people affected with diabetes are prone towards bruises and ulcers caused on feet and even other parts.
Market Restraints The high cost of ulcer management, lack of healthcare facilities, high costs of research and development and huge competition among major companies are going to restrain the market in the forecast period.
Market Segmentation By Product Segment • Wound Care Dressing • Foam Dressing • Hydrocolloid Dressing • Hydrogel Dressing • Alginate Dressing • Others By Ulcer type Segment • Neuropathic Ulcers • Neuro-Ischemic Ulcers By End User • Hospitals • Clinics • Ambulatory Surgical Centers • Homecare Setting • Others
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