Lower limb ulcer is the most prevalent ulcer type among all chronic wounds, which impose significantly large economic burden in every country. Treatment of lower limb ulcer is regulated with guidelines within each country, including guidelines from assessment of leg to the final stages of wound management. The important aspects of treatment of lower limb ulcers include periwound protection, frequency of dressing changes, exudate management, and debridement. Rising incidence rate of lower limb ulcer has intensified the need for dressings that offer faster and efficient wound management and healing. The lower limb ulcer treatment market is witnessing unprecedented dynamics in terms of changing government guidelines, establishment of reimbursement, and increasing awareness about treatment and diagnosis to reduce the economic burden.

The global lower limb ulcer treatment market is characterized by the trend of continuous innovations in the treatment approach of lower limb ulcers. The different innovations in the lower limb ulcer therapies include, but are not limited to, estrogen treatment, combination compression therapy, cold skin therapy, etc. The significant unmet clinical needs in the global market present significant opportunities for emerging players. Increasing treatment cost for chronic wounds, rising awareness about availability of advanced products in the market, growing adoption of active therapies and silver absorbent dressings for wound treatment, significant emphasis on infection management of lower limb ulcers are the factors driving the market. However, limited profit margins in some regions due to regulatory policies and market entry barriers are likely to act as restraints of the market.

The global lower limb ulcer treatment market can be categorized based on ulcer type, product type, end-user, and region. In terms of ulcer type, the market can be divided into arterial leg ulcer, venous leg ulcer, and others. Venous leg ulcer is among the most prevalent type of lower limb ulcer. However, a significant number of people have arterial insufficiency. Arterial leg ulcers occur due to inadequate blood supply to the skin, which may be caused by atherosclerosis Based on product type, the market can be segmented into moist dressings, antimicrobial dressings, and active therapies. The moist dressings segment can be sub-divided into film dressings, hydrofiber dressings, hydrogel dressings, hydrocolloid dressings, alginate dressings, foam dressings, and collagen dressings. The antimicrobial dressings segment can be bifurcated into silver dressings and non-silver dressings. The active therapies segment can be classified into artificial skin and skin substitutes, and growth factors. In terms of end-user, the market can be classified into hospitals, clinics, long-term care centers, skilled nursing facilities, and ambulatory care centers.

 In terms of region, the global lower limb ulcer treatment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is projected to register significant growth due to large patient pool for long term chronic pathologies, increasing investment in outpatient settings, and rising treatment compliance. North America, followed by Europe, is likely to continue to dominate the global market during the forecast period. The market in these two regions is characterized by increasing innovations in advanced treatment, favorable reimbursement policies, and rising population aged above 65 years as a percentage of the overall population. Superior technological innovations in wound management for lower limb ulcers is anticipated to boost the growth of the global market in the near future.

Key players operating in the global lower limb ulcer treatment market include 3M Company, Coloplast A/S, Acelity L.P., Inc., ConvaTec, Inc., Smith & Nephew plc, B. Braun Melsungen AG, BSN medical GMBH, Molnlycke Health Care AB, Medline Industries, Inc., Hollister Incorporated, Medtronic, Ferris Mfg. Corp., Beiersdorf AG, and Cardinal Health among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Enquiry Before Buying

TMR offers Enquiry Before Buying that help clients to get information on their business scenario required where syndicated solutions are not enough.

Enquiry Before Buying

Lower Limb Ulcer Treatment Market