Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Diabetic Foot Ulcer Therapeutics Market – Insights

Diabetic foot ulcer is a common condition in diabetic patients, which may lead to amputation of the leg. People who rely on insulin for the treatment of diabetes are at high risk of developing a foot ulcer. Moreover, people suffering from diabetes-related kidney, eye, and heart disease and obesity can also suffer from diabetic foot ulcer. The risk of the disease is high in those consuming alcohol and tobacco.

The global diabetic foot ulcer therapeutics market is estimated to account for US$ 4,901.1 Mn in terms of value in 2018 and is estimated to reach US$ 12,021.8 Mn by the end of 2027.

Global Diabetic Foot Ulcer Therapeutics Market: Drivers

Increasing prevalence of diabetes and subsequent rise in incidence of diabetic foot ulcers is expected to propel growth of the global diabetic foot ulcer therapeutics market over the forecast period. For instance, According to the study, ‘Global Prevalence of Type 2 Diabetes over the Next Ten Years (2018-2028)’, published by the American Diabetes Association, 500 million people worldwide suffered from type 2 diabetes in 2018. Moreover, in June 2018, the prevalence of diabetic foot ulcers was 51.8% in a community-based study conducted by Kasturba Medical College, India.

Availability of explicit dressings for specific type of foot ulcers is also expected to aid in growth of the market. For instance, hydrocolloid dressings such as DuoDERM or IntraSite hydrocolloid are available for dry and desiccated wounds. Such dressings help maintain moist environment for faster wound healing and allow autolytic debridement. Absorptive dressings including calcium alginates (e.g., Kaltostat and Curasorb) are available for exudative wounds in rope form.

North America region held dominant position in the global diabetic foot ulcer therapeutics market in 2018, accounting for 37.8% share in terms of volume, followed by Europe.

Diabetic Foot Ulcer Therapeutics  | Coherent Market Insights

Global Diabetic Foot Ulcer Therapeutics Market: Restraints

High cost of diabetic foot ulcer medication and care is expected to hinder growth of the global diabetic foot ulcer therapeutics market. For instance, according to Therapeutic Advances in Endocrinology and Metabolism 2018, the total medical cost for the management of diabetic foot disease ranges from US$ 9 billion to US$ 15 billion in the U.S.

Moreover, lack of awareness regarding specific treatment options, especially in emerging economies is also expected to limit growth of the market. 

Global Diabetic Foot Ulcer Therapeutics Market: Opportunities

R&D in non-invasive approaches for the treatment of diabetic foot ulcers is expected to offer lucrative growth opportunities for players in the market. For instance, in November 2019, researchers from University of Johannesburg (South Africa) reported the review for use of photobiomodulation (PBM), a non-invasive application of light at specific wavelengths, in diabetic wound healing.  

Moreover, increasing consumption of alcohol and tobacco is also expected to aid in growth of the market. For instance, according to the World Health Organization, 1.337 billion people smoked tobacco worldwide in 2018.

Diabetic Foot Ulcer Therapeutics  | Coherent Market Insights

Advanced wound dressings segment in the global diabetic foot ulcer therapeutics market was valued at US$ 1,935.6 Mn in 2018 and is expected to reach US$ 3,583.0 Mn by 2027 at a CAGR of 7.3% during the forecast period.

Market Trends/Key Takeaways

The market is witnessing increasing expenditure on diabetes. For instance, according to The American Diabetes Association’s research released in March 2018, the estimated total cost of diagnosed diabetes increased to US$ 327 billion in 2017 from US$ 245 billion in 2012.

The demand for biologic skin substitutes such as Apligraf and DermaGraft (Organogenesis Inc.) is high for the treatment neuropathic diabetic foot ulcers. Apligraf is the only FDA-approved living, bi-layered cell based product and is supplied as a circular disc approximately 75 mm in diameter and 0.75 mm thick.

Diabetic Foot Ulcer Therapeutics  | Coherent Market Insights

Global Diabetic Foot Ulcer Therapeutics Market: Competitive Landscape

Major players operating in the global diabetic foot ulcer therapeutics market include, B. Braun Melsungen AG, Smith & Nephew, Inc., Organogenesis, Inc., Derma Sciences Inc., Sigvaris Inc., 3M, and Acelity L.P. Inc.

Global Diabetic Foot Ulcer Therapeutics Market: Key Developments

Major players in the market are focused on adopting partnership strategies to expand their product portfolio. For instance, in January 2020, Zhittya Genesis Medicine, Inc. partnered with Regenerative Medicine of Latin America, Inc. for the exclusive rights to market and sell all biological drugs developed by Zhittya Genesis Medicine, Inc. during a 30-year time period. The products include biological drugs for the treatment of coronary heart disease, diabetic foot ulcers, and others.

Major players in the market are also focused on conducting clinical trials to expand their product portfolio. For instance, in January 2020, Smith+Nephew announced that positive results for the clinical trial that assessed the efficacy of PICO Single Use Negative Pressure Wound Therapy System in reducing wound area, depth, and volume compared to traditional negative pressure wound therapy in patients with lower extremity ulcers were published in the journal Wound Repair and Regeneration.

Diabetic foot ulcers is a common disease observed in diabetic patients. According to facts presented in fact sheet 2017, Center for Disease and Prevention, among the total diabetic population, 60%–80% suffers from foot ulcers. New and innovative treatments in wound dressings and therapy devices is expected to augment the diabetic foot ulcers treatment market growth. Since there are less availability of products to treat diabetic foot ulcers by device, provides a great opportunity for key players as well as new entrants to enter the diabetic foot ulcers treatment market. Furthermore, Negative pressure wound therapy devices essential for the management of diabetic foot ulcers, as also expected to favor the growth of diabetic foot ulcers treatment market.  

Restraints of the Global Diabetic Foot Ulcer Therapeutics Market

Factors such as high cost of diabetic foot ulcer medication and care, and lack of awareness regarding specific treatment options, especially in emerging economies is expected to restrain growth of the market up to certain extent.

Key features of the study:

  • This report provides in-depth analysis of the global diabetic foot ulcer therapeutics market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2019–2027), considering 2018, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global diabetic foot ulcer therapeutics market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include B. Braun Melsungen AG, Smith & Nephew, Inc., Organogenesis, Inc., Derma Sciences Inc., Sigvaris Inc., 3M, and Acelity L.P. Inc.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global diabetic foot ulcer therapeutics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Global Diabetic Foot Ulcer Therapeutics Market, By Product:
    • Advance Wound Dressings
    • Skin Substitutes
    • Growth Factors
    • Negative Pressure Wound Therapy Devices
    • Other Devices
  • Global Diabetic Foot Ulcer Therapeutics Market, By Ulcer Type:
    • Neuropathic Ulcers
    • Ischemic Ulcers
    • Neuro-Ischemic Ulcers
  • Global Diabetic Foot Ulcer Therapeutics Market, By End User:
    • Hospitals
    • Specialty Clinics
    • Long Term Care Centers
    • Ambulatory Surgical Center
  • Global Diabetic Foot Ulcer Therapeutics Market, By Geography:
    • North America
      • By Product
        • Advance Wound Dressings
        • Skin Substitutes
        • Growth Factors
        • Negative Pressure Wound Therapy Devices
        • Other Devices
      • By Ulcer Type
        • Neuropathic Ulcers
        • Ischemic Ulcers
        • Neuro-Ischemic Ulcers
      • By End User
        • Hospitals
        • Specialty Clinics
        • Long Term Care Centers
        • Ambulatory Surgical Center
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product
        • Advance Wound Dressings
        • Skin Substitutes
        • Growth Factors
        • Negative Pressure Wound Therapy Devices
        • Other Devices
      • By Ulcer Type
        • Neuropathic Ulcers
        • Ischemic Ulcers
        • Neuro-Ischemic Ulcers
      • By End User
        • Hospitals
        • Specialty Clinics
        • Long Term Care Centers
        • Ambulatory Surgical Center
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product
        • Advance Wound Dressings
        • Skin Substitutes
        • Growth Factors
        • Negative Pressure Wound Therapy Devices
        • Other Devices
      • By Ulcer Type
        • Neuropathic Ulcers
        • Ischemic Ulcers
        • Neuro-Ischemic Ulcers
      • By End User
        • Hospitals
        • Specialty Clinics
        • Long Term Care Centers
        • Ambulatory Surgical Center
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product
        • Advance Wound Dressings
        • Skin Substitutes
        • Growth Factors
        • Negative Pressure Wound Therapy Devices
        • Other Devices
      • By Ulcer Type
        • Neuropathic Ulcers
        • Ischemic Ulcers
        • Neuro-Ischemic Ulcers
      • By End User
        • Hospitals
        • Specialty Clinics
        • Long Term Care Centers
        • Ambulatory Surgical Center
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East:
      • By Product
        • Advance Wound Dressings
        • Skin Substitutes
        • Growth Factors
        • Negative Pressure Wound Therapy Devices
        • Other Devices
      • By Ulcer Type
        • Neuropathic Ulcers
        • Ischemic Ulcers
        • Neuro-Ischemic Ulcers
      • By End User
        • Hospitals
        • Specialty Clinics
        • Long Term Care Centers
        • Ambulatory Surgical Center
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product
        • Advance Wound Dressings
        • Skin Substitutes
        • Growth Factors
        • Negative Pressure Wound Therapy Devices
        • Other Devices
      • By Ulcer Type
        • Neuropathic Ulcers
        • Ischemic Ulcers
        • Neuro-Ischemic Ulcers
      • By End User
        • Hospitals
        • Specialty Clinics
        • Long Term Care Centers
        • Ambulatory Surgical Center
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • B. Braun Melsungen AG *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • Smith & Nephew, Inc.
    • Organogenesis, Inc.
    • Derma Sciences Inc.
    • Sigvaris Inc.
    • 3M
    • Acelity L.P. Inc.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product
      • Market Snippet, By Ulcer Type
      • Market Snippet, By End User
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
    • PEST Analysis
  4. Global Diabetic Foot Ulcer Therapeutics Market, By Product, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Advance Wound Dressings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Skin Substitutes
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Growth Factors
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Negative Pressure Wound Therapy Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Other Devices
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
  5. Global Diabetic Foot Ulcer Therapeutics Market, By Ulcer Type, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Neuropathic Ulcers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ischemic Ulcers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Neuro-Ischemic Ulcers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Diabetic Foot Ulcer Therapeutics Market, By End User, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Hospitals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Specialty Clinics
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Long Term Care Centers
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Ambulatory Surgical Center
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Diabetic Foot Ulcer Therapeutics Market, By Regions, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  8. Competitive Landscape
    • Company Profiles
      • B. Braun Melsungen AG
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Smith & Nephew, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Organogenesis, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Derma Sciences Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Sigvaris Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • 3M
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Acelity L.P. Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 32 market data tables and 25 figures on “Diabetic Foot Ulcer Therapeutics Market – Global forecast to 2027.

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