Global Foot Ulcers and Pressure Ulcers Market―All Things Considered
The global foot ulcers and pressure ulcers is primarily being driven by: [1] Chronic diabetes A rampant rise in chronic diabetes affecting thousands of people on a yearly basis. This is mainly due to the fact that people affected with diabetes are prone towards bruises and ulcers caused on feet and even other parts. Prolonged hospital stays Neuropathic diseases Reduced mobility Increasing geriatric population With a rising awareness among the masses to treat these maladies, a higher demand for relevant medications is being felt, consequently propelling extensive growth in the global foot ulcers and pressure ulcers market. Wound Care Market The global diabetic foot ulcers and pressure ulcers market is projected to exhibit a positive CAGR (Compound Annual Growth Rate) of 6.6% 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 clo...