Gangrene Treatment Market size was over USD 1.67 billion in 2023 and is projected to cross USD 3.83 billion by the end of 2036, witnessing more than 6.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of gangrene treatment is estimated at USD 1.76 billion.
The growth of the gangrene treatment market can be attributed to factors such as the increasing prevalence of diabetes and its related complications, growing demand for sophisticated therapies and rising number of incidences of severe traumatic injuries. According to the World Health Organization (WHO), diabetes is a major cause of blindness, stroke and lower limb amputation. Along with these, growth in the total obese population worldwide is projected to offer ample opportunities to market growth in the coming years.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
6.6% |
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Base Year Market Size (2023) |
USD 1.67 billion |
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Forecast Year Market Size (2036) |
USD 3.83 billion |
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Regional Scope |
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The market is segmented by condition type into dry, wet, internal, gas gangrene, and others out of which, the gas gangrene segment is anticipated to drive notable growth in the gangrene treatment market on account of rise in occurrence of arterial diseases, colon cancer and muscle injuries. Apart from this, it is a very common type of gangrene, which can also be credited to boost the demand for treatment drugs in the near future. Furthermore, on the basis of treatment type, the hyperbaric oxygen therapy is expected to gather the largest market share during the forecast period owing to the increasing incidences of diabetic foot ulcers, speedy healing process of the treatment and its effectiveness in killing bacteria.
Our in-depth analysis of the global market includes the following segments
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By Condition Type |
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By Treatment Type |
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By Distribution Channel
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North America Market Statistics
On the basis of geographical analysis, the gangrene treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. North America industry is anticipated to dominate majority revenue share by 2036, on the back of strong presence of leading industry players, increasing healthcare budget and growing technological advancements in the healthcare sector.
Europe Market Analysis
Additionally, Europe is evaluated to be the second largest shareholder in the gangrene treatment market in the coming years ascribing to the growing investments in R&D activities in the region. However, the market in Asia Pacific is expected to grow with the highest CAGR during the forecast period, which can be credited to the growing number of cases of gangrene affecting mouth, nose and lips, and the increasing geriatric population in the region
Author Credits: Radhika Pawar
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