Diabetic Foot Ulcers and Pressure Ulcers Market to Incur Rapid Extension

4.1
Diabetic Foot Ulcers and Pressure Ulcers Market to Incur Rapid Extension
3 Min Read

The global diabetic foot ulcers and pressure ulcers market depicts the presence of few market players

The global diabetic foot ulcers and pressure ulcers market depicts the presence of few market players, says Transparency Market Research on the basis of a recently published report. In spite of this consolidated scenario, a decent number of small- and large-scale enterprises are firmly establishing themselves in the market, thus giving rise to a healthy competitive spirit to exist in the vendor landscape. The competition is expected to remain high and is prognosticated to intensify in the next few years, according to market experts. Thus, new companies might find it difficult to establish themselves in the market owing to a widespread presence of old businesses.

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M Healthcare, Smith & Nephew Plc., Molnlycke Health Care AB, Medtronic Plc, ConvaTec, Inc., B. Braun Melsungen AG, Organogenesis, Inc., Acelity L.P. Inc., Medline Industries, Inc., Coloplast A/S, and BSN Medical GMBH, are a few players operating in the global diabetic foot and pressure ulcers market. Improving treatment procedures, regulating costs, and carrying out extensive research and development are three main strategies implemented by most players working in the global diabetic foot ulcers and pressure ulcers market.

The global diabetic foot ulcers and pressure ulcers market is projected to exhibit a positive CAGR of 6.6% CAGR between 2016 and 2024. Thanks to this, the market’s valuation will reach US$4.9 bn by the end of 2024, a significant growth achieved from an earlier revenue worth US$2.8 bn clocked in 2015.