The Necrobiosis Lipoidica Diabeticorum Market, a skin condition affecting some diabetics, is poised for significant growth in the coming decade. According to a recent study, the global NLD market is expected to reach a value of USD 8.06 billion by 2033, reflecting a CAGR (Compound Annual Growth Rate) of 6% from 2023 to 2033. This upward trend represents an acceleration compared to the historical growth rate of 4% observed between 2017 and 2022.
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.
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Key Takeaways from the Necrobiosis Lipoidica Diabeticorum Industry Study
- 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
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Necrobiosis Lipoidica Diabeticorum 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.
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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 Market 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
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10-years.
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