Diabetic Foot Ulcers Market is expected to generate a revenue of USD 2.85 Billion by 2028, Globally, at 10.74% CAGR

Verified Market Research

The Diabetic Foot Ulcers Market may be driven by an increase in diabetic foot ulcer patients, a lack of preventive measures, the rising incidence of diabetes, and the world's fast expanding elderly population.

JERSEY CITY, N.J., Sept. 29, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Diabetic Foot Ulcers Market" By Product Type (Advanced Wound Dressings, Skin Substitutes, Growth Factors), By Ulcer Type (Neuropathic Ulcers, Ischemic Ulcers, Neuro-Ischemic Ulcers), and By Geography.

As per the deep research carried out by Verified Market Research, the global Diabetic Foot Ulcers Market was valued at USD 1.27 Billion in 2020 and is projected to reach USD 2.85 Billion by 2028, growing at a CAGR of 10.74% from 2021 to 2028.

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Global Diabetic Foot Ulcers Market Overview

Diabetes patients frequently develop diabetic foot ulcers, which can result in leg amputation. Diabetes patients who use insulin to manage their condition are at a higher risk of getting a foot ulcer. Additionally, diabetic foot ulcers can occur in persons with obesity, renal, eye, and heart problems, as well as diabetes. Alcohol and tobacco use both increase the risk of the condition. It is a serious complication of diabetes mellitus and is brought on by inflamed or injured feet, nerve damage, poor circulation, and high blood sugar. Diabetes mellitus is one of the metabolic illnesses that impedes the usual phases of wound healing (hyperglycemia).

Over the forecast period, it is anticipated that the global market for diabetic foot ulcers will develop due to the rising incidence of diabetes and its resulting foot ulcers. For instance, 500 million individuals globally had type 2 diabetes in 2018, according to a report by the American Diabetes Association titled "Global Prevalence of Type 2 Diabetes for the Next Ten Years (2018-2028)". Additionally, rising alcohol and cigarette use is anticipated to support market expansion. For instance, 1.337 billion individuals globally smoked tobacco in 2018, according to the World Health Organization. Additionally, over the forecast period, continuous emphasis on avoiding operations and amputations is anticipated to drive the expansion of the global market for diabetic foot ulcers. One of the most significant global public health issues is diabetes mellitus, which increases the chance of developing diabetic foot ulcers.