January 31, 2023 13:00 ET | Source: DelveInsight Business Research LLP DelveInsight Business Research LLP
New Delhi, INDIA
New York, USA, Jan. 31, 2023 (GLOBE NEWSWIRE) — The Global Diabetic Wounds Market is Projected to Boost at a Growth Rate of ~7% by 2027 | DelveInsight
The diabetic wounds market is experiencing positive growth as a result of rising diabetes prevalence, an increase in diabetic foot ulcers among the population, the launch of novel active therapies, and an increase in the number of amputations due to diabetic foot ulcers, all of which are contributing to the diabetic wounds market growth during the forecast period of 2022–2027.
DelveInsight’s Diabetic Wounds Market Insights report provides the current and forecast market analysis, individual leading diabetic wounds companies’ market shares, challenges, diabetic wounds market drivers, barriers, and trends, and key diabetic wounds companies in the market.
Key Takeaways from the Diabetic Wounds Market Report
To read more about the latest highlights related to the diabetic wounds market, get a snapshot of the key highlights entailed in the Global Diabetic Wounds Market Report
Diabetic Wounds Overview
Diabetes is caused by the body’s inability to produce or use insulin. Insulin is a hormone that aids the body in converting sugar (glucose) to energy. If your body has difficulty metabolizing glucose, you may experience high blood sugar levels. This could affect the body’s ability to heal wounds. Diabetes causes wounds to heal more slowly and develop more rapidly. Cuts, grazes, scratches, and blisters can occur anywhere on the body, but they are most common on foot. A minor cut on foot can quickly develop into a foot ulcer. Foot ulcers can be dangerous if left untreated. Diabetes causes approximately 15% of people to develop foot ulcers.
Diabetic Wounds Market Insights
North America is expected to account for the largest share of the global diabetic wounds market. The rising prevalence of diabetic foot ulcers in North America is expected to boost the region’s diabetic wound treatment market. Furthermore, the presence of key players such as 3M company, Coloplast, Cardinal Health, and others in the region is expected to boost the diabetic wounds market in the region. In addition, the launch of programs by leading wound care expert companies will contribute to the region’s diabetic wounds market growth.
To know more about why North America is leading the market growth in the diabetic wounds market, get a snapshot of the Diabetic Wounds Market Outlook
Diabetic Wounds Market Dynamics
The rising prevalence of diabetes among the global population is expected to increase demand for diabetic wound treatment therapies and associated devices. This is because uncontrolled diabetes mellitus can lead to the development of diabetic wounds, particularly diabetic foot ulcers, in the general population. Furthermore, rising diabetes cases in low and middle-income countries could lead to diabetic wounds in these patients, ultimately leading to diabetic wounds market growth.
However, the high cost of ulcer management and stringent treatment device regulations may be limiting factors in the diabetic wounds market growth.
Additionally, the ongoing COVID-19 pandemic has impacted the diabetic wounds market. This is because healthcare systems all over the world are struggling to provide diabetic foot services to patients. Furthermore, social distancing and safeguarding public health guidelines have influenced the delivery of diabetic foot treatment services.
Get a sneak peek at the diabetic wounds market dynamics @ Diabetic Wounds Market Dynamics Analysis
Diabetic Wounds Market Assessment
Which MedTech key players in the diabetic wounds market are set to emerge as the trendsetter explore @ Diabetic Wounds Companies
Table of Contents
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