Foot ulcers, a common condition seen in patients suffering diabetes mellitus, remain a threatening consequence for diabetic patients. While foot ulceration typically tends to develop at least once after the patient is diagnosed with diabetes, the unprecedentedly expanding pool of diabetic patients only indicates the incessant need for effective treatment of diabetic foot ulcers. A new ongoing study of Fairfield Market Research suggests that global diabetic foot ulcers treatment market awaits a healthy growth outlook, majorly driven by the growing prevalence of diabetes and prediabetic conditions worldwide. An expanding geriatric population with one or more comorbidities is at a higher risk of acquiring diabetes, and the consequent diabetic foot complications. This will remain the prime factor fuelling demand for diabetic foot ulcers treatment.
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Research, and Clinical Trial Outcomes to Elevate Market Prospects
Prominent competitors in diabetic foot ulcers treatment landscape are constantly engaged in the development of novel therapeutics to for diabetic foot ulcers. While they are augmenting investments in research, entry of some break-through next-gen treatment options for diabetic foot ulcers are likely to provide a strong impetus to market growth. Extracellular matrix proteins, bioengineered skin substitutes, and miscellaneous therapeutic agents have been some of the most influential innovations that have strengthened the potential of diabetic foot ulcers treatment market. Expensive price point however remains the key limiting factor at this point in time. A number of clinical trials are underway, which are supposed to add value to the existing diabetic foot ulcers treatment space. Positive outcomes of the clinical trials, some of which include that of Lamin gel, Dermagraft, and Apligraf, will work to the advantage of the market.
Market Faced the Severe Impact of COVID-19 Outbreak
Diabetic foot ulcers are one of the critical care areas of industry that strictly require hands-on treatment. As the chronic wound care segment had taken the backseat, though temporarily, the entire category suffered the heat of pandemic throughout the initial months of 2020. While this dramatically added to the risk of potential limb amputations, the market began to witness critically growing need for emergency diabetic foot management. With the pandemic showing signs of subsiding, the market for diabetic foot ulcers is also set for rapid recovery. Over the recent past, there has been a notable rise in the public knowledge about diabetes and associated conditions. Increasing awareness about detecting the presence of bruises for early diagnosis and treatment is expected to be a significant factor favouring the growth of diabetic foot ulcers treatment market.
Key Companies in Diabetic foot ulcers treatment market
Some of the leading players operating in the global diabetic foot ulcers treatment market, include B. Braun Melsungen AG, Coloplast A/S, Medtronic Plc, 3M Healthcare, Smith & Nephew plc, Organogenesis, Inc., Derma Sciences Inc., Acelity L.P. Inc., Mölnlycke Health Care AB, Sigvaris Inc., Osiris, Acelity L.P. Inc., BSN Medical GMBH, Mölnlycke Health Care AB, Medline Industries, Inc., ConvaTec Group Plc, Cardinal Health., Orpyx Medical Technologies Inc, Wuhan Huawei Technology Co., Ltd., Tissue Regenix, Huizhou Foryou Medical Devices Co., Ltd., and Changzhou Recoo Healthcare Co., Ltd.
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