LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global diabetic foot ulcers market to grow at a CAGR of over 11% during the forecast period, according to their latest market research report.
The increasing wound healing therapeutics is one of the major trends being witnessed in the global diabetic foot ulcers market 2018-2022. Wound healing occurs in four phases, including hemostasis, inflammatory, proliferative, and maturation. Various organizations are developing wound healing therapeutics for diabetic foot ulcers. For instance, SER190 is developed by Serodus, which is in the pre-clinical stage of development for the treatment of diabetic ulcers.
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According to Technavio analysts, one of the key factors contributing to the growth of the global diabetic foot ulcers market is the strong drug development pipeline:
Global diabetic foot ulcers market: Strong drug development pipeline
The number of pipeline molecules for the treatment of diabetic foot ulcers are increasing at a significant rate. Several promising therapeutic agents are being developed, which are expected to have a positive impact on the growth of the diabetic foot ulcers market.
According to a senior analyst at Technavio for research on infectious and rare diseases, “Currently there are 28 therapeutics under development for diabetic foot ulcer treatment. The number of clinical trials is increasing at a high rate. For instance, Virchow Group and Adocia initiated a phase III trial of BioChaperone to evaluate the efficiency and safety of these dose regimens of BioChaperone PDGF-BB to Becaplermin Gel for the diabetic foot ulcer treatment.”
Global diabetic foot ulcers market: Segmentation analysis
The global diabetic foot ulcers market research report provides market segmentation by product (neuropathic ulcer therapeutics and neuro-ischemic and ischemic ulcer therapeutics), and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the two major products, the neuro-ischemic and ischemic ulcer therapeutics segment held the largest market share in 2017, contributing to over 64% of the market. This product segment will dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting for more than 38% share. It was followed by EMEA and APAC respectively. The dominance of the Americas can be due to the presence of the US, which is the world’s largest pharmaceuticals market.
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Market Landscape
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Market Sizing
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Five Forces Analysis
Market Segmentation
Geographical Segmentation
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Vendor Landscape
- Vendors covered
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