The venous ulcer treatment market size is anticipated to reach $2.96 billion globally in 2023, and between 2023 and 2033, it is projected to increase at a compound annual growth rate (CAGR) of 6.5%. By the conclusion of the projected period, the market is anticipated to reach $7.61 billion.
In 2022, North America led the global venous ulcer treatment industry. During the forecast years, it is expected to lead the market. During the forthcoming years, the European venous ulcer treatment market is expected to increase at an accelerating rate. The pervasive use of wound management additives across several growing economies, along with the United Kingdom, has developed significant revenue over the decades. North America dominated the worldwide market in 2022 and is predicted to continue to do so throughout the forthcoming years. The regional market is growing as more individuals use highly advanced wound care items and therapeutic interventions, particularly negative pressure wound treatment. In the near future, continuing R&D on these will expand new revenue opportunities.
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Key Takeaways from the Market Study
- Demand increased significantly from 2018 to 2022, with a CAGR of 5.8%.
- According to a National Library of Medicine report, the overall prevalence of this disease is 1%, rising to 3% among those over 65.
- The prevalence of venous ulcers in the United States ranges from 1% to 3%. 2,3 According to the AAFP organization
- The global venous ulcer treatment market is estimated to be worth US$ 7.61 billion in 2033
“Emerging breakthroughs in treatment therapy are expected to contribute significantly to the growth of the venous ulcer treatment market in the coming years. The growing number of players involved in the development of ultra-sophisticated products for the management of venous ulcers is expected to meet the growing demand for a robust solution for venous ulcers,” says the FMI analyst.
Key Market:
Significant players in the Venous Ulcer Treatment market are Angiodynamics, Sigvaris Global, Medi GmbH & Co. KG, Activa Healthcare, 3M, Medtronic, Bristol Myers Squibb Co, Sanofi, Bayer AG, Pfizer Inc, Novo Nordisk A/S. Some of the latest developments are:
- The Sigvaris ULCER X Wound Healing Compression Stocking Kit, which was introduced in September 2020, is a simple and advanced solution for effectively treating venous conditions and intense leg ulceration.
- Medi GmbH & Co. KG introduced circaid® for venous leg ulcers as an adjustable compression device for the therapies of venous leg ulcers in February 2020.
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More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global unstable angina therapeutics market, providing historical data for 2018-2022 and forecast statistics from 2023-2033.
To understand opportunities in the unstable angina therapeutics market, the market is segmented on the basis of By Diseases Type (Arterial Ulcers, Neurotropic Ulcer, Venous Ulcers, Diabetic Ulcers), By Treatment Type (Compression Therapy, Surgical Therapy, Skin Grafting, Advanced Wound Dressing), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) across five major regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).
Key Segments:
By Diseases Type:
- Arterial Ulcers
- Neurotropic Ulcer
- Venous Ulcers
- Diabetic Ulcers
By Treatment Type:
- Compression Therapy
- Surgical Therapy
- Skin Grafting
- Advanced Wound Dressing
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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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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