The Global Diabetic Neuropathic Foot Ulcers Market is expected to grow at a CAGR of 12.1% during the forecasting period (2022-2029).
Foot ulceration is a major and serious complication of diabetes, affecting 12% to 15% of patients with diabetes mellitus during their lifetime.
Diabetic Neuropathic Foot Ulcers generally develop on the plantar part of the foot or toes as a result of the loss of peripheral sensation.
The Global Diabetic Neuropathic Foot Ulcers market is estimated to reach over USD 3 billion by 2024.
The dramatically increasing prevalence of diabetes will greatly increase the patient pool for Diabetic Neuropathic Foot Ulcers, thereby driving the market growth.
According to the International Diabetes Federation (IDF), the number of people with diabetes worldwide was estimated at 366 million in 2011 and is expected to rise to 522 million in 2030.
The rising incidence of diabetic foot ulcers has compelled healthcare providers and patients’ families to focus on preventive measures to curb any additional expenditure and discomfort.
This could have a negative impact on market growth.
Global Diabetic Neuropathic Foot Ulcers market report segments the market by treatment type, end-user, and region.
Based on treatment type, the market is categorized into wound care dressings, biologics, and others.
Biologics are increasingly used for the treatment of diabetic foot ulcers
Regionally, the market is segmented into five major regions, namely North America, South America, Europe, Asia Pacific, and RoW.
North America will dominate the market due to the high prevalence of diabetes, high awareness among people about Diabetic Neuropathic Foot Ulcers, availability of treatment options, and better reimbursement policies in the region.
The report also profiles companies in the Diabetic Neuropathic Foot Ulcers market – B. Braun Melsungen AG, Smith & Nephew, Inc., Organogenesis, Inc., Derma Sciences Inc., Sigvaris Inc., 3M, Acelity L.P. Inc., Innocoll Holdings plc., SIGVARIS, Inc., and Osiris.
By Treatment Type
Wound Care Dressings
Long term Care Centres
Ambulatory Surgical Centres
Home Care setting
Asia Pacific (China, Japan, India, Australia, Rest of Asia Pacific)
Europe (Germany, France, The UK, Italy, Spain, Rest of Europe)
North America (The USA, Canada, Mexico)
South America (Brazil, Argentina, Rest of South America)
Rest of the World
Get your free sample proposal with a single click!