TMR’s report on the global diabetic foot ulcers treatment market studies the past as well as current growth trends and opportunities to gain valuable insights of the same indicators for the said market during the forecast period from 2019 to 2027. The report provides the overall market revenue of the global diabetic foot ulcers treatment market for the period of 2017–2027, with 2018 as the base year and 2027 as the forecast year. The report also provides the compound annual growth rate (CAGR) for the global diabetic foot ulcers treatment market for the forecast period.
The report has been prepared after an extensive research. Primary research involves bulk of research efforts, wherein, analysts carried out interviews with industry leaders and opinion makers. Extensive secondary research involves referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global diabetic foot ulcers treatment market.
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Global Diabetic Foot Ulcers Treatment Market Witness Most Promising Rise in Demand:
Rising cases of respiratory diseases such as asthma and chronic obstructive throughout the globe is Diabetic foot ulcers are a global concern and continue to affect millions of people worldwide. A significant percentage of leg amputations across the world are performed due to diabetic ulcers and thus, the demand for efficient medication and treatment to address this problem is on the rise. In 2018, nearly 30 million individuals in the U.S. had diabetes, of which around 25% suffered from diabetic foot ulcers. According to the Diabetic Foot Journal, in 2019, around 169,000 individuals had diabetic foot ulcers in the U.K. These staggering numbers suggest that the prevalence of diabetic foot ulcers is ascending even in developed regions.
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Research and development activities in the diabetic foot ulcers treatment market are predominantly focused on the development of new therapies. Significant efforts are being made to improve the healing process of diabetic foot ulcers. Within the diabetic foot ulcers treatment market, advanced wound care systems or devices are expected to play an imperative role in improving treatments for diabetic foot ulcers in the near future. Despite significant progress in the past couple of decades, diabetic foot ulcers continue to be a burden on the global healthcare system. Thus, the global diabetic foot ulcers treatment market is projected to reach a market value of ~US$ 9.6 Bn by the end of 2027.
Diabetic Foot Ulcers Treatment Market: Competitive Dynamics
In recent years, within the diabetic foot ulcers treatment market, the use of antibiotics to treat infections and revascularization for peripheral artery disease (PAD) has gained significant acceptance and the trend is set to continue during the forecast period (2019-2027). Traditional wound care products in the diabetic foot ulcers treatment market will continue to gain preference over pressure relief devices during the assessment period, owing to major improvements in their ability to fast track the healing process.
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