How Are Diabetic Patients Driving Wound Care Product Demand?

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The World Health Organization states that nearly 422 million people are currently living with diabetes, and approximately 1.6 million diabetes-related deaths are recorded each year globally. Furthermore, the WHO says that most of the diabetic patients are located in low- and middle-income countries (LMICs). This disease is highly prevalent among the obese and aging populations. As compared to others, wounds in diabetic patients tend to take longer to heal, owing to which they require regular dressing changes and constant care.

The wound type segment of the wound care market is categorized into burn, pressure ulcer, venous leg ulcer (VLU), diabetic foot ulcer (DFU), surgical and traumatic wound, and others. Under this segment, the DFU category is expected to demonstrate the fastest growth throughout the forecast period. This will be due to the increasing prevalence of diabetes mellitus, especially among the elderly. According to the International Diabetes Federation (IDF), 1 in 5 people above 65 years of age suffers from diabetes.

Hospitals, clinics, homecare settings, and long-term-care settings procure such products from Smith & Nephew PLC, Hollister Incorporated, Paul Hartmann AG, DeRoyal Industries Inc., Essity AB, ConvaTec Group plc, The 3M Company, Wright Medical Group N.V., Johnson & Johnson, and Beiersdorf AG. These companies offer such products for children, adults, and the elderly. In the coming years, people within the age group of 14–49 years are expected to utilize these products at the highest rate owing to the surging incidence of diabetes among this populace.

According to P&S Intelligence, the North American wound care market generated the highest revenue during the historical period (2014–2020), and it is expected to continue this trend throughout the forecast period. The dominance of this region can be attributed to the growing healthcare expenditure and increasing research and development (R&D) activities in the healthcare sector. Whereas, the Asia-Pacific (APAC) market is projected to display the fastest growth in the forecast years owing to the rising cases of burns and traumatic wounds and increasing aging population in the region.

Therefore, the rising cases of diabetes and increasing elderly population augment the usage of wound care products.

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