Diabetic Foot Ulcer Treatment Market Trends

Growth Drivers

• An Increase In Sedentary Lifestyles- According to the Centers For Disease Control And Prevention, approximately 60% of U.S. adults fail to engage in an adequate amount of physical activity. Nearly 25 percent of American adults are completely sedentary. An increasing number of diabetics are being diagnosed as a result of physical inactivity. In times of rapid modernization, the food habits of the people have been adversely affected, which in turn has been combined with a faulty and inactive lifestyle. Ultimately, this results in the onset of diabetes and leads to the formation of diabetic foot ulcers as a result. This factor is anticipated to drive global diabetic foot ulcer treatment market growth over the forecast period.

• Rise in The Geriatric Population Around The World- The group of elderly are particularly affected by diabetes, as their immunity lowers due to old age, they become the prime age group to be burdened with diabetic foot ulcers.  According to a recent report published by the World Bank, at the end of 2021, there were a total of 747,238,580 people over 60 years of age living around the world, and the number of elderly people is anticipated to rise in the future.

• Rapidly Growing Number of People Developing Diabetic Foot Ulcers (DFU)- It is estimated that between 9 and 26 million people worldwide suffer from diabetic foot ulcers every year. A diabetic foot ulcer is likely to develop during the lifetime of 16 to 24% of patients with diabetes complications.

• Increasing Prevalence of Obesity Worldwide- Obesity is one the primary risk factors of diabetic ulcers, obesity defects the tissues that causes insulin resistance and glucose uptake. In the period 2000-2020, obesity prevalence increased by 30.5% to 41.9% in the United States. Ages 20-39 showed an obesity prevalence of 39.8%, 40-59 age groups, 44.3%, and 60+ age groups showed a prevalence of 41.5%.

• Surge In Number Of People Suffering From Type 2 Diabetes - It is expected that the worldwide prevalence of type 2 diabetes will increase to 70,000 per 100,000 individuals by 2030, reflecting an increase in prevalence across all regions of the world.

Challenges

• High Cost Associated With Advanced Diabetic Foot Ulcer Treatment-despite of the high prevalence of diabetic patients and diabetic foot ulcers, there are no adequate reimbursement policies for its treatment. Moreover, the devices used for advanced wound care are also expensive, which makes the allover treatment costly.
• Patient Management Rules and Regulations
• Unawareness of the Availability of Treatment For Diabetic Foot Ulcers