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The diabetic wounds market size has experienced strong growth in recent years, projected to expand from $2.03 billion in 2023 to $2.18 billion in 2024, representing a compound annual growth rate (CAGR) of 7.3%. This historic growth can be attributed to the increasing prevalence of diabetes, advancements in wound care technology, rising awareness regarding diabetic wound management, improvements in healthcare infrastructure, and an aging population. In the forecast period, the diabetic wounds market size is expected to grow significantly, reaching $2.9 billion in 2028 with a CAGR of 7.4%. This anticipated growth is driven by the rising prevalence of diabetes, ongoing technological innovations in wound care, a growing demand for personalized treatment solutions, advancements in wound healing materials, and increased investment in research and development. Major trends during this period include the development of smart wound care products, integration of advanced biomaterials, utilization of regenerative medicine technologies, telehealth and remote monitoring advancements, and progress in nanotechnology for wound healing.

An increase in obesity cases is expected to significantly drive the growth of the diabetic wounds market in the future. Obesity is a health condition characterized by an excessive accumulation of body fat, which can have detrimental effects on overall health. The rising prevalence of obesity is primarily linked to more sedentary lifestyles, where individuals spend increased time sitting and less time engaging in physical activity. Obesity has a direct connection to diabetic wounds, as excess body fat can lead to insulin resistance, hindering blood sugar control and delaying wound healing. For example, in May 2023, the Office for Health Improvement and Disparities, a UK-based government department, reported that from 2021 to 2022, approximately 63.8% of adults aged 18 and older in England were classified as overweight or living with obesity, a rise from 63.3% in 2020 to 2021. Thus, the escalating obesity rates are driving the growth of the diabetic wounds market.

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What Are The Key Trends That Influence Diabetic Wounds Market Share Analysis?

Major companies in the diabetic wounds market are focusing on developing 3-D hydrocellular wound dressings to improve the management and treatment of diabetic wounds. A 3-D hydrocellular wound dressing features a unique three-dimensional structure that effectively manages moisture and absorbs exudate, creating an ideal environment for wound healing. For instance, in October 2022, Healthium Medtech, an India-based medical device company, launched Theruptor Novo. This innovative wound dressing is designed for chronic wounds, such as diabetic foot ulcers. It utilizes patented technology to physically eliminate microbes, reducing resistance and providing protection for up to seven days. The dressing’s 3-D hydrocellular design also effectively manages moisture, supporting improved healing outcomes.

Which Market Players Are Driving Growth In The Diabetic Wounds Market?

Major companies operating in the diabetic wounds market are 3M Health Care, Medline Industries Inc., B. Braun Melsungen AG, Smith & Nephew plc, Coloplast A/S, Hartmann Group, ConvaTec Group Plc, Mölnlycke Health Care AB, Integra LifeSciences Holdings Corporation, Hollister Incorporated, Wright Medical Group N.V., Organogenesis Inc., MiMedx Group Inc., LifeNet Health, Biosense Webster Inc., Derma Sciences Inc., Kerecis, DermaRite Industries LLC, MediWound Ltd., Tissue Regenix Group plc, Systagenix Wound Management, XenoTherapeutics, Alliqua BioMedical Inc

How Is The Global Diabetic Wounds Market Segmented?

The diabetic wounds market covered in this report is segmented –

1) By Product Type: Wound Care Dressings, Wound Care Devices, Skin Grafts And Substitutes, Growth Factors, Other Products
2) By Wound Type: Neuropathic Ulcer Wounds, Ischemic Ulcer Wounds, Neuro-Ischemic Ulcer Wounds
3) By End-User: Hospitals, Specialty Clinics, Other End Users

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The Diabetic Wounds Global Market Report 2024 provides an overview of the diabetic woundsmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The diabetic wounds market forecast analyzes diabetic wounds market size, diabetic wounds market share, leading competitor and their market positions.

The Table Of Content For The Diabetic Wounds Market Include

1. Diabetic Wounds Market Executive Summary
2. Diabetic Wounds Market Segments
3. Diabetic Wounds Market Size And Template Market Growth Rate
4.  Key Diabetic Wounds Market Trends
5. Major Diabetic Wounds Market Drivers
……
25. Key Mergers And Acquisitions In The Diabetic Wounds Market
26. Top Diabetic Wounds Companies
27. Diabetic Wounds Market Opportunities And Strategies
28. Diabetic Wounds Market, Conclusions And Recommendations
29. Appendix

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