Diabetic Foot Ulcers Treatment Market Share: Competitive Strategies and Forecasts to 2027
Surge in Number of Amputations Due to Diabetic Foot Ulcers to Propel Diabetic Foot Ulcers Treatment Market
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.
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.
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Efficacy of Existing Treatment under Scrutiny
Despite steady progress made in terms of the detection of diabetes, prevention of diabetic foot ulcers continues to be a major challenge– a factor contributing to the rising prevalence of diabetic foot ulcers worldwide. Moreover, despite a significant understanding of various risk factors linked with the development of ulceration, there is little clarity with regard to which factor has the highest impact. In recent decades, an array of dressings and diabetic foot ulcers treatments were formulated to fasten the healing process. However, based on the evidence available from various studies conducted to evaluate the efficacy of existing diabetic foot ulcers treatments, healthcare experts are increasingly finding it difficult to recommend a treatment or a type of dressing.
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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.
Emergence of New Diabetic Foot Ulcer Treatments
With significant rise in awareness about the catastrophic effects of untreated diabetic foot ulcers, the demand for efficient and highly effective wound healing treatments is witnessing considerable growth. Stakeholders in the diabetic foot ulcers treatment market are continually investing resources to develop new treatments leveraging advanced technologies. Furthermore, significant rise in the number of leg amputations due to diabetic foot ulcers has played a key role in accelerating research for new treatments. In recent years, topical oxygen therapy has garnered significant popularity and is set to gain notable traction, owing to its exceptional wound healing capabilities. With additional research being carried out to determine the effectiveness of topical oxygen therapy to manage and heal diabetic foot ulcers, the future for topic oxygen therapy looks promising.
New Wound Care Devices Offer Better Outcome in Patients Suffering from Diabetic Foot Ulcers
Wound care is expected to remain the focal point of research and development activities related to diabetic foot ulcers treatment. With the common objective of reducing the number of amputations caused by diabetic foot ulcers, stakeholders in the current diabetic foot ulcers treatment market are currently working on developing new wound care devices.
For instance, Edixomed launched a new wound care device that utilizes the properties of nitric oxide to fasten the healing process of diabetic foot ulcers and minimize the number of leg amputations. The recently developed wound care system, the EDX110, healed diabetic foot ulcers at a faster rate in comparison with the traditionally used standard care dressings in the U.K. With the entry of similar innovative products in the diabetic foot ulcers treatment market, diabetic foot ulcers treatment are set to witness significant developments in coming years.
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