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How is Rising Cases of Diabetic Foot Ulcers Driving Wound Dressing Market?

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Pramod Kumar
How is Rising Cases of Diabetic Foot Ulcers Driving Wound Dressing Market?

Diabetes is among the most common chronic diseases and occurs when pancreas is unable to produce the required amount of insulin or when the body is not able to utilize the insulin that is produced. In 2019, the prevalence of diabetes, globally, was 9.3% (463 million people) and is predicted to rise to 10.2% (578 million people) by 2030. While it has become fairly easy to lead a normal life for diabetic patients, developing a diabetic foot ulcer still remains a major complication. The wound affects about 15% of the people suffering from diabetes and 6% of these are hospitalized because of infection or some other complication.

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It is important that the ulcer heals quickly in order to minimize the chance for an infection and, wound dressing products are utilized for taking of the same. Wound dressing makes sure that the infected areas is kept covered and moisture is locked in, thereby facilitating faster healing of wounds. Ascribed to these factors, the global wound dressing market is projected to attain a value of $17.3 billion by 2023, increasing from $11.4 billion in 2017, advancing at a 7.2% CAGR during the forecast period (2018–2023).

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Other than this, the demand for foam dressings was the highest in the past, owing to their advantages such as provision of barrier against bacteria, provision of warm and moist environment ideal for healing, suitability for wounds with hypergranulation, ability to be utilized in compression therapy, and ease of application and removal. Surgical wounds, ulcers, including venous, pressure, and diabetic foot ulcers, and burns are the major application areas of wound dressings. The largest demand for these products was created for surgical wounds in the past, which can be ascribed to the rising number of ambulatory surgical centers and surging volume of surgeries performed across the globe.

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