The global Necrobiosis Lipoidica Diabeticorum (NLD) market is predicted to generate a market value of US$ 4.5 billion in 2023 and a market value of US$ 8.06 billion by 2033, with a CAGR of 6% from 2023 to 2033. From 2017 to 2022, the market for Necrobiosis Lipoidica Diabeticorum (NLD) grew at a CAGR of 4%.
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The increasing prevalence of diabetes can be attributable to the growth of the Necrobiosis Lipoidica Diabeticorum (NLD) market. Diabetes is becoming more common worldwide, responsible for 6.7 million deaths by 2021, according to the International Diabetes Federation. Diabetes is becoming more prevalent in regions such as the Middle East and Asia Pacific, which is driving the prevalence of NLD. As a result of the presence of untapped growth potential in rapidly growing MEA and Asian economies, as well as increased diabetes awareness in these regions, growth is predicted to be boosted.
Key Takeaways from the Market Study
- From 2017 to 2022, the Necrobiosis Lipoidica Diabeticorum (NLD) market grew at a CAGR of 4%.
- The global Necrobiosis Lipoidica Diabeticorum (NLD) market is expected to grow with a 6% CAGR during 2023 to 2033.
- As of 2033, the Necrobiosis Lipoidica Diabeticorum (NLD) market is expected to reach US$ 8.06 Billion.
- According to the FMI analysis, hospitals account for the largest market share.
- North America is expected to possess 34% market share for the Necrobiosis Lipoidica Diabeticorum (NLD) market.
- The Asia Pacific market is predicted to increase significantly throughout the forecast period, with a CAGR of 5% during the forecast 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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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.
- In June 2022, Basilea Pharmaceutica Ltd announced today positive topline results for the Phase III ERADICATE study, evaluating ceftobiprole in the treatment of adult patients with bacterial bloodstream infections caused by Staphylococcus aureus (SAB).
- In January 2022, Paladin Labs Inc., a subsidiary of Endo International PLC launched the Xydalba (dalbavancin for injection), a 30-minute intravenous (IV) therapy for acute bacterial skin and skin structure infections (ABSSSI) that can be administered as a single- or two-dose.
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
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