London, United Kingdom (PressExposure) March 15, 2011 -- GlobalData estimated the global diabetic foot ulcer (DFU) market to be worth $1028m in 2010. It is forecast to grow at a compound annual growth rate (CAGR) of 15.4% to reach $2,799m by 2017. This high growth forecast is primarily attributed to an increase in the diabetic patient population which will lead to increases in DFU incidence and prevalence, along with non-compliance to insulin therapy and emergence of more therapeutic options. The strong product pipeline will complement the existing products by providing effective treatment options.
GlobalData found that the products currently in the market are highly efficacious in providing protection against the disease with minimum side-effects. All the market products are having high safety and efficacy profiles. The key products such as Invanz (ertapenam), Zyvox(linezolid), Zosyn(piperacillin/tazobactam), and Regranex(becaplermin) are able to satisfy the demand in the DFU market. The unmet need arises from the fact that most of the marketed products are intended to prevent the infection of DFU. So the market is expecting drugs with novel mechanisms of action to accelerate ulcer healing and tissue regeneration Unmet Need in the DFU Market is Low, Mostly Associated with Available Antibiotic Segments
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GlobalData, the industry analysis specialist, has released its new report, "Diabetic Foot Ulcer Therapeutics - Pipeline Assessment and Market Forecasts to 2017". The report is an essential source of information and analysis on the global diabetic foot ulcer market. The report identifies the key trends shaping and driving the global diabetic foot ulcer market. The report also provides insights on the prevalent competitive landscape and the emerging players expected to significantly alter the market positioning of the current market leaders. Most importantly, the report provides valuable insights on the pipeline products within the global diabetic foot ulcer sector. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData's team of industry experts.
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