The diabetic wounds global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Diabetic Wounds Market, 2024The diabetic wounds global market report 2024
Market Size –
The diabetic wounds market size has grown strongly in recent years. It will grow from $2.03 billion in 2023 to $2.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to the increasing prevalence of diabetes, rise in advancements in wound care technology, growing awareness of diabetic wound management, improvements in healthcare infrastructure, rise in aging population.
The diabetic wounds market size is expected to see strong growth in the next few years. It will grow to $2.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to the rising prevalence of diabetes, growing technological innovations in wound care, growing demand for personalized treatment solutions, advancements in wound healing materials, increasing investment in research and development. Major trends in the forecast period include the development of smart wound care products, integration of advanced biomaterials, use of regenerative medicine technologies, telehealth and remote monitoring, and advancements in nanotechnology for wound healing.
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Scope Of Diabetic Wounds MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Diabetic Wounds Market Overview
Market Drivers –
An increase in obesity cases is expected to significantly drive the growth of the diabetic wounds market in the future. Obesity is a health condition characterized by an excessive accumulation of body fat, which can have detrimental effects on overall health. The rising prevalence of obesity is primarily linked to more sedentary lifestyles, where individuals spend increased time sitting and less time engaging in physical activity. Obesity has a direct connection to diabetic wounds, as excess body fat can lead to insulin resistance, hindering blood sugar control and delaying wound healing. For example, in May 2023, the Office for Health Improvement and Disparities, a UK-based government department, reported that from 2021 to 2022, approximately 63.8% of adults aged 18 and older in England were classified as overweight or living with obesity, a rise from 63.3% in 2020 to 2021. Thus, the escalating obesity rates are driving the growth of the diabetic wounds market.
Market Trends –
Major companies operating in the diabetic wounds market are developing 3-D hydrocellular wound dressings to enhance managing and treating diabetic wounds. A 3-D hydrocellular wound dressing features a unique three-dimensional structure that effectively manages moisture and absorbs exudate, promoting an ideal environment for wound healing. For instance, in October 2022, Healthium Medtech, an India-based medical device company, launched Theruptor Novo. It is an innovative wound dressing for chronic wounds, such as diabetic foot ulcers. It employs a patented technology to physically kill microbes, reducing resistance and providing protection for up to 7 days. The dressing’s 3-D hydrocellular design also manages moisture effectively, supporting better healing.
The diabetic wounds market covered in this report is segmented –
1) By Product Type: Wound Care Dressings, Wound Care Devices, Skin Grafts And Substitutes, Growth Factors, Other Products
2) By Wound Type: Neuropathic Ulcer Wounds, Ischemic Ulcer Wounds, Neuro-Ischemic Ulcer Wounds
3) By End-User: Hospitals, Specialty Clinics, Other End Users
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Regional Insights –
North America was the largest region in the diabetic wounds market in 2023. The regions covered in the diabetic wounds market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies in the market are 3M Health Care, Medline Industries Inc., B. Braun Melsungen AG, Smith & Nephew plc, Coloplast A/S, Hartmann Group, ConvaTec Group Plc, Mölnlycke Health Care AB, Integra LifeSciences Holdings Corporation, Hollister Incorporated, Wright Medical Group N.V., Organogenesis Inc., MiMedx Group Inc., LifeNet Health, Biosense Webster Inc., Derma Sciences Inc., Kerecis, DermaRite Industries LLC, MediWound Ltd., Tissue Regenix Group plc, Systagenix Wound Management, XenoTherapeutics, Alliqua BioMedical Inc
Table of Contents
1. Executive Summary
2. Diabetic Wounds Market Characteristics
3. Diabetic Wounds Market Trends And Strategies
4. Diabetic Wounds Market – Macro Economic Scenario
5. Global Diabetic Wounds Market Size and Growth
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32. Global Diabetic Wounds Market Competitive Benchmarking
33. Global Diabetic Wounds Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Diabetic Wounds Market
35. Diabetic Wounds Market Future Outlook and Potential Analysis
36. Appendix
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