Diabetic Ulcer Treatment Market Trends

Growth Drivers

Growing Prevalence of Periodontal (Gum) Disease Worldwide - According to the World Health Organization, about 14% of the global adult population suffers from severe periodontal disease, which comprises more than 1 billion cases worldwide. As a result of gum disease, blood sugar levels can increase, which can further exacerbate the problems associated with diabetes, such as heart disease, blood vessel problems, eye problems, kidney problems, and nerve problems. Consequently, poor oral hygiene may contribute to diabetes, which can lead to mouth ulcers. This factor is projected to propel the demand for diabetic ulcer treatment during the forecast period.
Rise in the Number of Inactive Lifestyles that Increases Chances of Obesity and Diabetes - About 60% of U.S. adults do not engage in adequate physical activity, according to the Centers for Disease Control and Prevention. It is estimated that nearly 25 percent of American adults are completely inactive.
Huge Base of Geriatric Population Worldwide Who are More Prone to Diabetes - At the end of 2021, there were 747,238,580 people over 60 years of age living in the world, according to the World Bank. In the future, the number is expected to increase.
Growing Personal Disposable Income Which Changes Lifestyle Habits - According to the Bureau of Economic Analysis, personal income grew by USD 47.0 billion (0.2%) in July 2022, while disposable personal income rose by USD 37.6 billion (0.2%).
Rising Prevalence of Fissured Tongue in Diabetes Owing to Reduced Saliva Flow - For instance, the global prevalence of fissured tongue among diabetic patients is 17% . Diabetes patients showed more of this alteration of 15% than non-diabetics of 11%.

Challenges

Lack of Awareness About Diabetic Ulcers – A large percentage of the population is unaware of the identifying characteristics of diabetic ulcers, often mistaking them for normal ulcers until the disease progresses. Hence, awareness needs to spread about this condition and how to diagnose it.
Lack of Raw Materials and Supply Due to COVID-19
High Cost Associated with the Foot Ulcer Treatment

Diabetic Ulcers Treatment Market: Key Insights

Base Year	2022
Forecast Year	2023-2033
CAGR	6%
Base Year Market Size (2022)	USD 8 Billion
Forecast Year Market Size (2033)	USD 14 Billion
Regional Scope	North America (U.S., and Canada) Latin America (Mexico, Argentina, Rest of Latin America) Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific) Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe) Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Frequently Asked Questions (FAQ)

Rising Prevalence of diabetes, mouth and foot ulcer, increasing medicare spending along with growing cases of gum diseases are the major factors driving the growth of the diabetic ulcer treatment market.

The market is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023-2033.

Lack of raw materials and supply due to covid-19 and unawareness about the treatment options for diabetic ulcers are the challenges affecting the market growth.

The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are Orpyx Medical Technologies Inc., PENTAX Medical, Smith & Nephew plc, Organogenesis Inc., SIGVARIS GROUP, 3M, Molnlycke Health Care AB, Medtronic Plc, Hill-Rom Holdings, Inc., ConvaTec Inc.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by ulcer type, treatment type, end user and, by region.

The foot ulcer segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.

Diabetic Ulcer Treatment Market Trends