Necrobiosis lipoidica diabeticorum (NLD) market size is predicted to have a market value of US$ 4.5 billion in 2023 and US$ 8.06 billion by 2033, growing at a compound annual growth rate (CAGR) of 6% between 2023 and 2033. Between 2017 and 2022, the market for Necrobiosis Lipoidica Diabeticorum (NLD) grew at a 4% compound annual growth rate.
Necrobiosis Lipoidica Diabeticorum (NLD) is a rare and chronic skin condition that primarily affects individuals with diabetes. This market focuses on therapeutic interventions and innovations aimed at managing and treating Necrobiosis Lipoidica Diabeticorum, addressing the unique challenges posed by this dermatological complication of diabetes.
As the prevalence of diabetes continues to rise globally, the Necrobiosis Lipoidica Diabeticorum Market plays a crucial role in developing advanced treatment options and therapies to enhance the quality of life for affected individuals. The market’s goal is to provide effective solutions for the management of NLD, addressing not only the dermatological aspects but also considering the underlying diabetic condition.
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Diabetes’ rising prevalence can be attributed to the expansion of the Necrobiosis Lipoidica Diabeticorum (NLD) business. According to the International Diabetes Federation, diabetes would be responsible for 6.7 million deaths by 2021. Diabetes is becoming more common in places such as the Middle East and Asia Pacific, fueling the development of NLD. Growth is expected to be bolstered as a result of the presence of untapped growth potential in quickly rising MEA and Asian economies, as well as improved diabetes awareness in these regions.
Key Takeaways :
- The Necrobiosis Lipoidica Diabeticorum (NLD) market increased at a 4% CAGR from 2017 to 2022.
- The global market for Necrobiosis Lipoidica Diabeticorum (NLD) is predicted to increase at a 6% CAGR from 2023 to 2033.
- The market for Necrobiosis Lipoidica Diabeticorum (NLD) is estimated to reach $8.06 billion by 2033.
- Hospitals have the biggest market share, according to the FMI research.
- North America is estimated to have 34% of the market for Necrobiosis Lipoidica Diabeticorum (NLD).
- With a CAGR of 5% during the forecast period, the Asia Pacific market is expected to grow significantly throughout the projected period.
“Various factors such as awareness in wellness and health, the diagnostics, and pathology segment are improving in the developing countries nowadays which grows the therapeutics market. The research and development activities in the field like emerging novel therapeutics, increasing the efficacy of medicine as well as treatment.” says an FMI analyst.
Market Competition
Key players in the Necrobiosis Lipoidica Diabeticorum (NLD) market are ALexicare Pharma, Andréas Astier, Mayo Clinic, AbbVie Inc, Merck & Co., Inc., Bristol-Myers Squibb Company, Johnson & Johnson Services Inc., Pfizer, Novartis AG, and GlaxoSmithKline Plc.
- Basilea Pharmaceutica Ltd revealed today good topline findings for the Phase III ERADICATE study, investigating ceftobiprole in the treatment of adult patients with Staphylococcus aureus (SAB) bacterial bloodstream infections.
- Paladin Labs Inc., a subsidiary of Endo International PLC, launched Xydalba (dalbavancin for injection) in January 2022, a 30-minute intravenous (IV) therapy for acute bacterial skin and skin structure infections (ABSSSI) that can be given in a single or two-dose regimen.
More Insights Available
Geographically, the necrobiosis lipoidica treatment market is concentrated in developed regions, such as North America and Europe, where there is a higher prevalence of the disease due to the higher incidence of diabetes in these regions. However, the market is expected to grow in emerging economies such as India and China, as the prevalence of diabetes increases in these regions.
Overall, the necrobiosis lipoidica market is small but growing, and is expected to continue to grow in the coming years as more treatment options become available and the prevalence of the disease increases.
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Key Segments Profiled in the Necrobiosis Lipoidica Diabeticorum (NLD) Industry Survey:
Procedure:
- Treatment
- Corticosteroid Creams
- Injected Corticosteroids
- Drugs that Suppress the Immune System
- Anti-inflammatory Drugs
- Medicines that Improve Blood Flow
- Hyperbaric Oxygen Therapy
- Phototherapy
- Laser Therapy
- Test Type
- Punch Biopsy
- Glucose Tolerance Test
Application:
- Hospitals
- Ambulatory Clinics
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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