Diabetes Foot Ulcers and Pressure Ulcers Market to Benefit from Evolving Chronic Diseases Globally

The occurrence of chronic injuries, such as pressure ulcers, diabetic foot ulcers, surgical wounds, and venous leg ulcers, is growing at a tremendously high speed across the globe. Diabetic foot ulcers are the most common chronic injuries in patients in distress from diabetes, and the dearth of correct treatment of foot ulcers often cause development of the wound, thus leading to lower extremity or foot elimination. Pressure ulcers are frequently a cause of absence of movement of the patients, extended hospital halts, and growing geriatric population resulting in the rise of occurrence of chronic diseases necessitating growing number of hospital admittances.

The global market for diabetic foot ulcers and pressure ulcers is expected to witness a CAGR of 6.6% from 2016 to 2024. The market is expected to rise to a valuation of US$4.9 bn by 20204 from a worth US$2.8 bn in 2015. 

Which is the main reason behind the potential growth of the market?

According to the Center for Disease Control (CDC), over half of the adults in the U.S. were reported in distress from one or multiple chronic conditions in the year 2013. Other than this, the World Health Organization’s (WHO’s) reported that in 2014, virtually 1.9 billion adults were cumbersome. These severe health situations frequently become a breeding earth for chronic ailments among adults, thus resultant to their hospital stays, abridged mobility, rise of neuropathic diseases, and other illnesses, which are the foremost reasons of diabetic foot ulcers and pressure ulcers. Among these, diabetes is still the prevalent cause of these diseases among adults, thus having a negative impact on millions across the globe. This is basically due to the changing lifestyle of people leading unhealthy lifestyle habits, thus leading to the occurrence of pressure ulcers and diabetic foot ulcers. 


Which factor might restrict the growth of the market?

The high cost of the treatment of diabetic foot ulcers and pressure ulcers is expected to inhibit the market’s growth. The dearth of precautionary measures taken by healthcare suppliers and patients has been a main reason for the widespread frequency of diabetic foot ulcers and pressure ulcers. Thus, this also gives rise to additional cost burden

Which region should the market players focus on?

Region-wise, North America held the leading share of 38.1% in the global diabetic foot ulcers & pressure ulcers market in 2015, closely trailed by Europe. The growing frequency of diabetic foot and pressure ulcers, due to factors such as proliferating geriatric population, greater life probability in many sub-regions of Europe, snowballing number of hospital admittances, and the surgical procedures performed in North America and Europe, along with the mounting risks of hospital acquired pressure ulcers, are anticipated to push the growth of the diabetic foot ulcers and pressure ulcers market in North America and Europe.  

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