Market Overview:
Diabetic foot ulcer is a common condition in diabetic patients and is a key health concern worldwide. Diabetic foot ulcers are thickened wounds below the ankle. It is caused by irritated or wounded feet due to minor trauma or pressure, neuropathic and vascular changes, poor circulation, and high blood sugar. Healing of wounds is typically an innate mechanism of our body but, certain metabolic disorders such as diabetes mellitus delays the typical pace of the wound healing process. Swelling, redness, irritation, and stenches are common initial symptoms of foot ulcers.

Mortality due to diabetic foot ulcers is high and there are huge chances of recurrence of cured foot ulcers. According to the National Institutes of Health (NIH), diabetic foot ulcers are responsible for more than 80% of all diabetes-related lower-leg amputations and occur in around 15% of diabetic patients. As per the World Health Organization (WHO), the number of people with diabetes has risen from 108 million in 1980 to 422 million in 2014.

Market Dynamics:
The major drivers fueling the growth of the market are the rising prevalence of chronic diabetes, rapidly growing geriatric population worldwide and advancements in the field of research.

According to an article by Bakker et al, it is estimated that around 15% of all people with diabetes are affected by foot ulcers during their lifetime and 1 in 4 people with diabetes develop at least one ulcer. For every 30 seconds, one leg is amputated due to diabetes. This is mainly because people affected with diabetes are prone to bruises and ulcers caused on feet and even other parts.

The high cost of ulcer management, lack of healthcare facilities, high costs of research and development and huge competition among major companies are going to restrain the market in the forecast period.

According to CDC, an average of 9 to 12 days of hospitalization is required for a diabetic patient after a lower limb amputation. This raises the cost of treatment. The annual cost for treating diabetic foot ulcers is increased considerably in the past few years.

Market Segmentation:
The market can be segmented by product type as Wound Care Dressings, Biologics, and others. Wound Care Dressings is further classified as Foam Dressing, Hydrocolloid Dressing, Hydrogel Dressing, Alginate Dressing and Others Dressing, Biologics is further segmented as Growth Factors and Skin Graft and Skin Substitutes. By ulcer type, the market is segmented as Neuropathic Ulcers and Neuro-Ischemic Ulcers and by end-user as Hospital, Clinics, Ambulatory Surgical Centers and Homecare Setting.

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Geographical Analysis:
Geographically, the market is divided into North America, Europe, South America, Asia-Pacific and the Middle East and Africa.

North America held the largest share of the diabetic foot ulcer market owing to the rising prevalence of diseases, elevated patient awareness levels and growing acceptance for the products. US has the highest standards of health care. According to International Diabetes Federation (IDF), over 100 million of the adults in the US are suffering from prediabetes or diabetes and another 84.1 million have prediabetes conditions, which if not treated may lead to type 2 diabetes within five years.

The Asia Pacific market is expected to have the highest growth rate over the period of forecast because of the growing population and increasing healthcare expenditure.

Competitive Analysis:
Some of the major market players are 3M Healthcare Ltd., Coloplast A/S, B.Braun, Smith & Nephew, ConvaTec Inc., Molnlycke Health Care, BSN Medical and Acelity.

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