The Business Research Company’s Diabetic Foot Ulcer Global Market Report 2024 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Diabetic Foot Ulcer Global Market Report 2023 evaluates diabetic foot ulcer market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global diabetic foot ulcer market is expected to grow from $5.39 billion in 2023 to $5.84 billion in 2024 at a compound annual growth rate (CAGR) of 8.4%. The growth in the historic period can be attributed to increasing diabetes prevalence, aging population, improvements in wound care technologies, healthcare access and awareness.The diabetic foot ulcer market size is expected to see strong growth in the next few years. It will grow to $7.77 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.
The rising geriatric population is expected to propel the growth of the diabetic foot ulcer market going forward. The geriatric population refers to the segment of the elderly or older, typically aged 65 and older. Diabetic foot ulcers are a common and significant concern within the senior population. Elderly individuals with diabetes are particularly susceptible to foot ulcers due to neuropathy, reduced circulation and slower healing processes. For instance, in October 2022, according to reports shared by the World Health Organization, a US-based specialized health agency, globally, 1 in 6 individuals will be 60 or older by 2030 and by 2050, there will be a double amount of individuals in this age group (2.1 billion). Therefore, the rising geriatric population is driving the growth of the diabetic foot ulcer market.
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The diabetic foot ulcer market segments in the report are:
1) By Type: Advanced Wound Care Dressings, Biologics, Therapy Device
2) By Ulcer Type: Neuropathic Ulcers, Ischemic Ulcers, Neuro-ischemic Ulcers
3) By End-User: Hospitals, Ambulatory Surgery Centers, Home Care
The table of contents in TBRC’s diabetic foot ulcer market report includes:
- Executive Summary
- Diabetic Foot Ulcer Market Characteristics
- Diabetic Foot Ulcer Market Trends And Strategies
- Diabetic Foot Ulcer Market – Macro Economic Scenario
- Global Diabetic Foot Ulcer Market Size and Growth
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- Global Diabetic Foot Ulcer Market Competitive Benchmarking
- Global Diabetic Foot Ulcer Market Competitive Dashboard
- Key Mergers And Acquisitions In The Diabetic Foot Ulcer Market
- Diabetic Foot Ulcer Market Future Outlook and Potential Analysis
- Appendix
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