Diabetic Ulcer Treatment Market 2021 Technology Development, Key Manufacturers, Forecast Based on Major Drivers and Trends Up to 2028

 

The Global Diabetic Ulcer Treatment Market size is projected to reach USD 13.53 billion by the end of 2027. The increasing prevalence of diabetes will create several growth opportunities for the companies operating in the market.

Diabetic ulcers are the most common symptom for patients with uncontrolled or unattended diabetes. These are severe conditions and can affect the bottom of your feet as well as the bones in this area. Almost all people suffering from diabetes are exposed at the risks of ulcers. The treatment of these ulcers can vary from patient to patient as well as the severity of the condition. The treatment can also vary depending on the cause of the ulcer. The severe symptoms associated with foot ulcers such as swelling, discomfort in walking, and redness and irritation, have led to a huge emphasis on the early detection and treatment of the disease. Additionally, mouth ulcers can also cause a lot of discomfort and pain and ultimately impede speech. The increasing investment in the development of efficient treatment options will have a direct impact on the growth of the overall diabetic ulcers treatment market in the coming years.

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List of companies profiled in the report:

•          Coloplast Corp (Denmark)

•          Smith & Nephew (UK)

•          ConvaTec Group Plc (UK)

•          Mölnlycke Health Care AB.(Sweden)

•          3M (U.S.)

•          Integra LifeSciences Corporation. (U.S.)

•          Cardinal Health. (U.S.)

•          Tissue Regenix (U.K)

•          B. Braun Melsungen AG (Germany)

Increasing Number of Regulatory Approvals Will Provide Impetus to Market Growth

The report encompasses several factors that have contributed to the growth of the overall market in recent years. Among all factors, the increasing number of regulatory approvals by leading organizations such as the Food and Drug Administration (FDA) has made the highest impact on market growth. In December 2017, SANUWAVE Health, Inc. announced that it has received approval from the US Food and Drug Administration for the marketing of its latest product for treatment of ulcers. The company claims that the ‘Dermaspace System’ is a shock-wave intended device that can be used to treat diabetic foot ulcers. SANUWAVE’s latest shock-wave device will not just benefit the company but will have a direct impact on the growth of the overall market in the coming years. The report highlights a few of the other products, similar to this, that have also made a considerable impact on market growth.

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Industry Developments:

December 2019: Orpyx Medical Technologies Inc. announced the launch of a new patient monitoring system. The Orpyx SI (Sensory Insoles) is a device integrated with remote patient monitoring system, that can be used for the prevention of diabetic foot ulcer and neuropathy-related ulcers.

 

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